Thermoforming Packaging Market is Expected to Reach $70.5 Billion by 2031 - Amcor Limited, Sonoco Products Company, D&W Fine Pack LLC

𝗧𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗧𝗵𝗲𝗿𝗺𝗼𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗣𝗮𝗰𝗸𝗮𝗴𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁, 𝘃𝗮𝗹𝘂𝗲𝗱 𝗮𝘁 𝗨𝗦$𝟰𝟳.𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟮, 𝗶𝘀 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝗨𝗦$𝟳𝟬.𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟯𝟭, 𝘄𝗶𝘁𝗵 𝗮 𝗰𝗼𝗺𝗽𝗼𝘂𝗻𝗱 𝗮𝗻𝗻𝘂𝗮𝗹 𝗴𝗿𝗼𝘄𝘁𝗵 𝗿𝗮𝘁𝗲 (𝗖𝗔𝗚𝗥) 𝗼𝗳 𝟱.𝟮% 𝗱𝘂𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗽𝗲𝗿𝗶𝗼𝗱 𝗳𝗿𝗼𝗺 𝟮𝟬𝟮𝟰 𝘁𝗼 𝟮𝟬𝟯𝟭.

The Thermoforming Packaging Market has experienced significant growth, largely driven by the food and beverage industry. The rise in convenience-focused consumption patterns has increased the demand for packaging that preserves product freshness, offers portability, and ensures protection. Thermoforming technology provides a versatile and efficient solution for creating custom packaging tailored to various food and beverage products.

𝗚𝗲𝘁 𝗮 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗣𝗗𝗙 - https://www.datamintelligence.com/download-sample/thermoforming-packaging-market

𝗞𝗲𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀

o On May 13, 2021, Sealed Air introduced the LID830R, an innovative thermoforming packaging solution that challenges the traditional weight of THF materials. This new solution enables food processors to significantly reduce packaging weight while maintaining excellent product protection and a glossy, clear top lid for optimal food presentation. The LID830R marks a major advancement in thermoforming, providing a more sustainable and efficient packaging option without compromising product visibility or integrity.

o On January 2, 2020, Sonoco, one of the world's most sustainable and diversified packaging companies, announced the acquisition of Thermoform Engineered Quality, LLC (TEQ) and Plastique Holdings, LTD, global manufacturers of thermoformed packaging for the healthcare, medical device, and consumer markets. The acquisition, valued at US$187 million in cash from ESCO Technologies, Inc., strengthens Sonoco's position in the thermoforming packaging industry.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

Growing Thermoforming Packaging Demand in the Electrical and Electronics Sector

The electrical and electronics industry, another key end-user segment, utilizes thermoformed containers, clamshells, and blisters to package various electronic products such as headphones, batteries, and mobile accessories. According to the India Brand Equity Foundation, the country's consumer electronics and home appliance market generated US$ 9.84 billion in sales in 2021, with projections to reach US$ 21.18 billion by 2025.

Globally, the electronics sector was expected to generate US$ 3,175.6 billion in 2021, a 7% increase from 2020, according to the Japan Electronics and Information Technology Industries Association (JEITA). Additionally, China's electronic information manufacturing sector achieved operational revenue of approximately 14.1 trillion yuan (around US$ 2.2 trillion) in 2021, marking a 14.7% growth from the previous year, according to the Ministry of Industry and Information Technology.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

By Type: Blister Packaging, Clamshell Packaging, Skin Packaging, Tray and Lids, Containers, Cups and Bottles, Others

By Heat Seal Coating: Water-based, Solvent-based, Hot Melt-based

By Material: Plastic (Polycarbonate, Polyethylene, Polystyrene, Polypropylene, Polyethylene Terephthalate, Others), Metal, Paper & Paperboard

By Process: Vacuum, Pressure, Mechanical, Twin Sheet Forming, Others

By End-User: Food & Beverages, Electrical & Electronics, Personal Care & Cosmetics, Medical & Pharmaceuticals, Homecare and Toiletries, Industrial Goods, Automotive, Consumer Goods, Others

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝘀 𝗽𝗲𝗿 𝘆𝗼𝘂𝗿 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 - https://www.datamintelligence.com/customize/thermoforming-packaging-market

𝗠𝗮𝗷𝗼𝗿 𝗞𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀

• Amcor Limited
• Sonoco Products Company
• D&W Fine Pack LLC
• Pactiv Evergreen Inc.
• Placon Corporation
• Anchor Packaging LLC
• Genpak LLC
• Berry Global Inc.
• DS Smith Plc
• Brentwood Industries, Inc.

* 𝗡𝗼𝘁𝗲:
Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗥𝗲𝗽𝗼𝗿𝘁𝘀:

Paperboard Packaging Market: https://datamintelligence.com/research-report/paperboard-packaging-market

Thermoform Trays Market: https://datamintelligence.com/research-report/thermoform-trays-market

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