Thermoformed Plastic Packaging Market Research Report by Type, by Technology, by End-User - Global Forecast to 2027

The Thermoformed Plastic Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global thermoform plastic packaging market size was valued at USD 48.20 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.12% from 2021 to 2027.

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Top Leading Companies of Global Thermoformed Plastic Packaging Market are - Pactiv LLC, Sonoco Products Company, C.M. Packaging, Anchor Packaging, Brentwood Industries, Inc., Greiner Packaging International GmbH, Dongguan Ditai Plastic Products Co. Ltd., Palram Americas Ltd., DS Smith, Amcor, Display Pack, WestRock, and others.

Industry News and Updates:

Pactiv Evergreen to Acquire Fabri-Kal, a Leading Manufacturer of Foodservice and Consumer Brand Packaging Solutions

LAKE FOREST, Ill., Sept. 08, 2021-- Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has reached a definitive agreement to acquire Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions. The transaction, valued at approximately $380 million, subject to adjustments for cash, working capital and indebtedness, is expected to close late in the third quarter or early in the fourth quarter of this year, subject to regulatory approvals and satisfaction of other customary closing conditions.

Regional analysis:

North America dominated the market with a revenue share of 27.7% in 2020. The widespread presence of large-sized packaged food companies and strong penetration of organized retail contributed to the high share of the regional market in 2020. Moreover, the presence of large-sized thermoform packaging manufacturers that strive for a higher share within the market by introducing innovative products also supported the region’s growth. Other factors that contributed to the regional market include high consumption of frozen meat and packaged bakery products.

On the other hand, Asia Pacific is anticipated to be the largest as well as the fastest-growing regional market from 2021 to 2028. A rising number of nuclear families, which increases the demand for single-serve packaging, increasing geriatric population, and growing penetration of organized retail in countries such as China and India, are the key factors driving the regional market. Europe is expected to witness sluggish growth over the forecast period due to stringent regulations on the use of plastic products and rising awareness about sustainability, which is paving the way for paper- and pulp-based packaging, thereby hindering market growth.

On The Basis of Types:

PP

PE

PVC

PS

Others

On The Basis of End Users/Applications:

Food

Medical

Electronic Devices

Consumer Goods

Others

Some of the key questions answered in this report:

What is the rate of market growth, growth momentum or acceleration market at the time of forecasting?

What are the key factors that drive the Thermoformed Plastic Packaging market?

What was the size of the emerging Thermoformed Plastic Packaging market by price in 2021?

What will be the size of the emerging Thermoformed Plastic Packaging market in 2026?

Which region is expected to hold the highest market share in the Thermoformed Plastic Packaging industry?

What trends, challenges and barriers will affect the development and size of the Global Thermoformed Plastic Packaging market?

What is sales volume, revenue, and value analysis of top Key competitors of Thermoformed Plastic Packaging market?

What are the Thermoformed Plastic Packaging market opportunities and threats faced by the vendors in the global Thermoformed Plastic Packaging Industry?

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What Are the Market Factors That Are Explained in The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Thermoformed Plastic Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

We Offer Customization on Report Based on Specific Client Requirement:

- Country Level analysis for any 5 countries of your choice.

- Competitive analysis of any 5 key market players.

- 40 analyst hours to cover any other data point.

- 15% customization equal to 60 analyst hours.

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