United States Thermoform Trays Market 2025 | Growth Drivers, Market Forecast, Competitive Landscape & Business Opportunities

Market size and Growth

Global Thermoform Trays Market reached US$ 392.5 million in 2022 and is expected to reach US$ 703.7 million by 2030, growing with a CAGR of 6.2% during the forecast period 2023-2030.

Key Development:

United States: Recent Industry Developments

✅ September 2025: Amcor introduced new thermoformed tray capabilities, delivering speed, flexibility, and tailored support for healthcare packaging customers.

✅ April 2025: Sonoco completed the sale of its Thermoformed and Flexibles Packaging business to TOPPAN Holdings Inc. for approximately $1.8 billion, using $1.5 billion to reduce debt.

✅ January 2024: Amcor expanded its North American thermoforming production capacity to support healthcare customer growth, including the addition of automated, state-of-the-art thermoforming equipment at its Oshkosh, Wisconsin facility.

Japan: Recent Industry Developments

✅ April 2025: TOPPAN Holdings Inc. acquired Sonoco's Thermoformed and Flexibles Packaging business, enhancing its portfolio in the packaging industry.

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Thermoform trays are packaging or storage products made by heating and molding plastic sheets into specific shapes. They provide lightweight, durable, and customizable solutions for food, medical, and industrial applications, ensuring protection and easy handling.

Key Players:

=> Amcor Plc, Pactiv LLC, Sonoco Products Company, Huhtamaki, WestRock Company, DS Smith, Placon, Lacerta Group LLC, Nefab Group and Universal Plastics Group, Inc.

Growth Forecast Projected:

The Global Thermoform Trays Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Thermoform Trays Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Type: Plastic Insert Trays, Dunnage Trays, POP Display Trays, Medical Handling Trays

➥ By Material: Polyvinyl Chloride (PVC), Polyethylene Terephthalate Glycol (PETG), High Density Polyethylene (HDPE), High Impact Polystyrene, Recycled Polyethylene Terephthalate (rPET)

➥ By End-User: Food & Beverage, Electronics, Healthcare, Cosmetics, Others

Regional Analysis for Thermoform Trays Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Thermoform Trays producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Thermoform Trays revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Thermoform Trays Market?

A: In 2022, the Thermoform Trays Market was valued at US$ 392.5 million, reflecting its strong industry presence.

Q2: How large is the Thermoform Trays Market expected to be by 2030?

A: By 2030, industry forecasts suggest the Thermoform Trays Market will grow to around US$ 703.7 million , demonstrating significant expansion.

Q3: What is the growth rate of the Thermoform Trays Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2023 to 2030.

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