Thermoform Packaging Market is expected to grow at 5.4% from 2024 to 2030, reaching nearly US$ 72.50 Bn.

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Over the forecast period, Carbon Fiber Prepreg Market is expected to grow from USD 50.17 Bn. to USD 72.50 Bn. by 2030, at a CAGR of 5.4 per cent.

Packaging is a diverse USD 950 billion-plus industry with an excellent annual growth potential of over 3%. Geographically, emerging markets are expected to drive the majority of this growth, with packaging consumption expected to rise by USD 100 billion between 2020 and 2025.

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During the same period, markets in Western Europe and North America are forecast to grow at a rate of roughly 1% per year, although from a big base, with developed market packaging consumption (including Japan and Oceania) expected to increase by nearly USD 22 billion by 2023.

The European Commission announced a new Circular Economy Action Plan in March 2020, as part of the European Green Deal, Europe's new goal for sustainable growth. Over the next decade, at least EUR 1 trillion is estimated to be spent, with the EU budget contributing the most, EUR 503 billion, and national governments contributing another EUR 114 billion. The subsequent EUR 279 billion would primarily come from the private sector, with the idea being that loan guarantees from the European Investment Bank would incentivize corporations to pursue riskier green projects.

Consumers globally are increasing their spending at online stores. Consumers in the United States are estimated to spend twice as much on items purchased from online grocery retailers. China also experienced a 200% increase in the sale of fresh food through online channels in 10 days in January 2020 compared to 2019.

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Thermoform Packaging Market segmentation:

by Type

• Blister packaging
• Clamshell packaging
• Skin packaging
• Others

by Heat Seal Coating

• Water-based
• Solvent-based
• Hot-melt-based

by Material

• Plastic
• Aluminium
• Paper & paperboard

by End-Use Industry

• Food & beverage
• Pharmaceuticals
• Electronics
• Home & personal care
• Others

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Thermoform Packaging Market Key Players are:

1. WestRock Company (US)
2. Lacerta Group (US)
3. DuPont (US)
4. DS Smith (UK)
5. Sonoco Products (US)
6. Anchor Packaging (US)
7. Tekni-plex Inc (US)
8. Display Pack (US)
9. Archer Daniels Midland (US)
10. Berry Global Inc. (US)
11. Blisterpak, Inc. (US)
12. Brentwood Industries, Inc. (US)

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-thermoform-packaging-market/34585/

Key questions answered in Thermoform Packaging Market are:

1. Which is the potential market for Thermoform Packaging in terms of the region?
2. What are the opportunities for new market entrants?
3. What is expected to drive the growth of the Thermoform Packaging market in the forecast period?
4. What is the projected market size & growth rate of the Thermoform Packaging Market?
5. What segments are covered in the Thermoform Packaging Market report?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Regional analysis, Segment Analysis, Competitive landscape
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region

Maximize Market Research has also published reports related to Thermoform Packaging Market are:

• Thermoform Packaging Market was valued at US$ 50.17 Bn. in 2023 and the total Thermoform Packaging revenue is expected to grow at 5.4% from 2024 to 2030, reaching nearly US$ 72.50 Bn.

https://www.maximizemarketresearch.com/market-report/global-thermoform-packaging-market/34585/

• Packaging Robots Market was valued US$ 4.29 Bn in 2023 and is expected to reach US$ 10.85 Bn by 2030, at a CAGR of 14.18 % during a forecast period.

https://www.maximizemarketresearch.com/market-report/global-packaging-robots-market/53670/

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