Global Thermoform Packaging Market is predicted to grow at approximately 7% by 2022, Says MRFR

Market Highlights

The increasing demand from food & beverage and pharmaceuticals industries globally drives the market. The large consumer base, increasing manufacturing activities, cost-effective, environment friendly and increase in spending by consumers for packaged food. PET leads the market, majorly due to replacing polystyrene resin. Europe is the largest market. The global thermoform packaging market size was valued at around USD 32 Billion in 2015 and is expected to grow at CAGR of 7% by 2022.

Market Research Analysis

The market is highly application based. The factors contributing to the growth of the global thermoform packaging market is the increasing demand for convenient packaging, growth in food & beverage industry and cost-effective. The market is expected to have higher growth rate as compared to the previous years. Europe is the largest region for the thermoform packaging market, followed by Asia-Pacific and North-America. The main reason for the growth in the region includes the rapid growth of industries such as food & beverage and pharmaceuticals in Germany.

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Scope of the Report

This study provides an overview of the global thermoform packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global thermoform packaging market as material, type and application.

By Material
1.Plastic
PET
PP
PVC
Others
2.Paper
3.Aluminum
4.Others

By Type
Blister Packaging
Skin Packaging
Clamshell Packaging
Others
By Application
Food & beverage
Pharmaceutical
ElectronicsPersonal care
Others

Key Players
The key players of global thermoform packaging market report include Bemis Company, Inc., Sonoco Products Company, E.I. du Pont de Nemours and Company, Amcor Limited, DS Smith Plc., WestRock Company, Display Pack Inc, Tray Pack Corporation, Lacerta Group Inc and Sealed Air

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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.

Akash Anand,

Market Research Future

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Maharashtra, India

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Email: akash.anand@marketresearchfuture.com

This release was published on openPR.