openPR Logo
Press release

Thermoform Packaging Market 2020 | COVID-19 Impact Analysis, Business Opportunities, Revenue, Size, Growth, Trends, Top Players like Sealed Air, Bemis, Tray Pack, RPC, Lacerta and more - Forecast 2023

07-30-2020 05:37 PM CET | Logistics & Transport

Press release from: MRFR

Thermoform Packaging Market 2020 | COVID-19 Impact Analysis,

Summary

Global Thermoform Packaging Market information By Material (Plastic, Paper & Paperboard, Aluminum), Type (Blister Packaging, Skin Packaging, Clamshell Packaging, Others), Heat Seal Coating (Water-Based, Solvent-Based, Hot Melt-Based), Application and Region - Forecast 2023

Thermoform Packaging Market Overview

Market Research Future (MRFR), asserts in its recently published research report, the global thermoform packaging market is estimated to grow at a CAGR of 5.72% during the estimated period 2023.

Drivers and Restraints

The Thermoform Packaging Market is fueled by several factors, such as increased utilization of processed and packed foods & beverages. This packaging is light, odor-free, flexible, and moisture-free. thus, it is more favored over other packaged products such as glass. Owing to these properties, the demand for thermoform packaging is expected to expand in the near future. furthermore, environmental advantages of thermoform packaging are also stimulating the growth of the market. This packaging includes low carbon emission, low raw material consumption, and relatively small waste produced as compared to other packaging formats. On the other hand, availability of other alternative packaging may hinder the growth of the market.

Get Free Sample @ https://www.marketresearchfuture.com/sample_request/1851

Competitive Analysis

The major market players operating in the global thermoform blister packaging market as identified by MRFR are

Sealed Air Corporation

Bemis Company Inc.

E.I. du Pont de Nemours and Company

Display Pack Inc.

Tray Pack Corporation

RPC Group Plc

Constantia Flexibles Group GmbH

Anchor Packaging

Tekni-Plex Inc.

Lacerta Group

Silgan Holdings Inc.

DS Smith Plc

Sonoco Products Company

WestRock Company, and Amcor Limited.

Segmental Analysis

the global Thermoform Packaging Market has been analyzed based on type, material, heat seal coating, and application. Based on the material, the Thermoform Packaging Market is segmented into paper & paperboard, plastic, and aluminum. The plastic was accounted for the largest market share in 2016, as it offers high barriers, temperature resistance, cost efficiency, and durable packaging. Plastic in the form of PE, PVC, PP, and others are also used largely in plastic thermoform packaging segment.

Based on the heat seal coating, the market is segmented into solvent-based, water-based, and hot melt-based. The solvent-based heat seal coating segment was accounted for the largest market share of in 2016 owing to its numerous advantages such as strong bond strength that can be treated at different temperatures and resistance to water and grease. Water-based heat seal coating is slated to grow at the highest CAGR during the review period since it provides a strong bond between corrugated and polyethylene skin pack films and decreases several adhesion issues of thermoform packaging.

Based on the application, the market is classified into pharmaceuticals, food & beverage, electronics, personal care, and others. The food & beverage segment was accounted for the largest market share in 2016. Thermoformed products are essentially used by the food industry for the packing of fruits, vegetables, meat, fish, poultry, in addition to prepared meals, and storage products. Pharmaceutical is also a major application of the thermoform packaging.

Regional Analysis

The global thermoform packaging market is segmented, on the basis of region, into the Asia Pacific, North America, Europe, and the Middle East and Africa.

Europe is anticipated to be the major regional Thermoform Packaging Market over the review period due to the solid presence of the food & beverage and pharmaceutical industries in the region. The rising demand for packaged food is likely to drive the Thermoform Packaging Market in the region over the review period, due to the presence of a higher industrial base such as food and beverages, automobiles, and pharmaceuticals. the U.K, Germany, and France are the major markets in the region.

North America is another major region in the Thermoform Packaging Market, mainly owing to the presence major retail chains such as The Kroger Co. and Walmart Stores. The U.S. contributes to a major share of the North American market.

Asia Pacific is slated to witness the highest growth rate in the global Thermoform Packaging Market over the forecast period due majorly to the growing e-commerce industry, which uses thermoform packaging on a large scale to pack various products. Additionally, high growth in population and growing purchase power of the consumers fuel the growth of the market. Thailand, China, and India are vital contributors to Asia Pacific market. China holds the largest market share in the region, mainly owing to fast growth in urbanization and industrial development over the assessment period.

Access Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/thermoform-packaging-market-1851

Office No. 528, Amanora Chambers
Pune – 411028

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Thermoform Packaging Market 2020 | COVID-19 Impact Analysis, Business Opportunities, Revenue, Size, Growth, Trends, Top Players like Sealed Air, Bemis, Tray Pack, RPC, Lacerta and more - Forecast 2023 here

News-ID: 2100054 • Views: 161

More Releases from MRFR

Corrugated Packaging Market 2020 - Application, Industry Size, Opportunities, St …
Summary Global Corrugated Packaging Market Information, by Type (Rigid Boxes, Self-Erecting Boxes, Telescope Boxes, Slotted Boxes, and Others), by Wall Construction (Single-Wall, Double-Wall, and Triple-Wall), by Material (Linerboard, Medium, and Others), by Application (Food & Beverages, Electronic Goods, Pharmaceuticals, Personal Care, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2025 Corrugated Packaging Market Overview the global corrugated packaging market is expected to reach ~USD 250.9 billion
Molded Fiber Packaging Market 2020 - Outlook, Size, Trends, Value, Segments, Key …
Summary The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Molded Fiber Packaging Market. The growth sectors of the Molded Fiber Packaging Market are identified with precision for a better growth perspective. Molded Fiber Packaging Market Scope The molded fiber packaging market 2020 can potentially advance at a rate of 4.90% between 2017 and 2025 (forecast period), confirms Market
Beverage Cans Market 2020 - Application, COVID-19 Analysis, Size, Share, Growth, …
Summary Global Beverage Cans Market Information Report by Material (Aluminum and Steel), by Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit & Vegetable Juices and others) and By Region - Global Forecast To 2023 Beverage Cans Market Overview Beverage cans are largely used for packaging of different kind of alcoholic and non-alcoholic beverages, like CSD, energy drinks, juices, and beers. Beverage cans have a superior hermetic seal and good barrier against oxygen and sunlight,
Packaging Machinery Market 2020 - Global Size, 6% CAGR, Business strategies, Tre …
Summary Global Packaging Machinery Market Information by Type (Form Fill Seal, Labelling & Coding, Closing & Sealing, Wrapping & Bundling and others), by End–User (Food, Beverages, Pharmaceutical, Personal care, and others) And Region - Forecast To 2023 Packaging Machinery Market Overview Market Research Future (MRFR), asserts in its newly published research report, that the global Packaging Machinery Market is thriving and expected to grow exponentially by the end of the review period. MRFR

All 5 Releases


More Releases for Pack

Global Mobile Power Pack Market Insights, Forecast
The Mobile Power Pack market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Mobile Power Pack. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=52846 Table of Contents: Table of Contents 1 Study Coverage
Belleville Washers – the Lee Spring power pack
Ex-stock or custom Belleville washers in a complete package from Lee Spring are often used to solve vibration, thermal expansion, relaxation and bolt creep problems. Their conical configuration enables them to support high loads with relatively small deflections and solid heights compared to helical springs. Belleville washers may also be used as locking devices in applications with low dynamic loads. Belleville washers are useful for adjustments because different thicknesses can be
Global Cigarette Pack Market Outlook 2016-2021
A pack or packet of cigarettes is a rectangular container, mostly of paperboard, which contains cigarettes. The pack is designed with a flavor-protective foil, paper or biodegradable plastic, and sealed through a transparent airtight plastic film. By pulling the "pull-tabs", the pack is opened. Hard packs can be closed again after opening, whereas soft packs cannot. This report provides detailed analysis of worldwide markets for Cigarette Pack from 2011-2015 and provides
Harbinger Releases Raptivity Standard Pack 4
Harbinger Knowledge Products announced the addition of the new Standard Pack 4 to its award-winning Raptivity product line. The new pack includes a variety of visually-appealing, meaningful and expressive interactions to help organize and present complex information in a simplified yet engaging manner. Continuing with Raptivity’s commitment to bring more HTML5 interactions to its customers, all the Standard Pack 4 interactions support both HTML5 as well as Flash publishing options.
09-23-2011 | Sports
Wisconsinmade.com
Wisconsinmade.com Backs the Pack with Generations Clothing
Generations Clothing of Shawano, Wisconsin specializes in Green Bay Packer apparel which is now available at the online gift store, Wisconsinmade.com. Gift giving experts carefully select only the finest Wisconsin gifts to be included on the website which provides customers the opportunity to ship locally made items nationwide. "Families across the USA will be cheering on the Super Bowl Champion Green Bay Packers this football season," says website
“Pack Your Bags!” at International Poster Gallery
BOSTON, MA - International Poster Gallery (IPG) proudly presents their 18th annual summer poster show “Pack Your Bags!”, an exhibition of original travel and transportation posters from around the world. The exhibition, which is free and open to the public and runs July 4 – Labor Day, September 5, 2011, features over 50 original vintage posters advertising exotic vacation destinations, luxurious rail and air travel packages and modes of