Press release
Thermoform Packaging Market: Global Analysis, Size, Top Vendors, Forecast 2024
The growing emphasis on quality of packaging has lent a significant impetus to the global thermoform packaging market. To make an effective campaign for products and to gain a competitive edge, several manufacturers are looking at innovative and attractive packaging solutions. These efforts have increased the uptake of thermoform packaging in sectors such as food, beverages, pharmaceutical, electronics, and semiconductors. Against this backdrop, the global thermoform packaging market, pegged at US$36.4 bn in 2016, is expected to reach a valuation of US$57.6 bn by the end of 2024. Between the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 5.9%.
Get a PDF Sample for Professional & Technological Insights at
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14120
Blister Packaging becomes Preferred Choice for Companies Owing to its Advantages
The packaging types available in the global market are blister packaging, clamshell packaging, skin packaging, and others such as tubs and cups. Of these, the blister packaging type is expected to be gain a significant momentum in the coming years due to its growing adoption in sectors such as pharmaceuticals. Several pharmaceutical packaging companies are expected to make extensive use of blister packaging type as it reduces chances of contamination to the product. Analysts anticipate that the blister packaging segment will acquire a share of 41.6% by the end of 2024.
In terms of geography, the global thermoform packaging market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, North America is expected to dominate the global market during the forecast period. The strengthening foothold of several retail chains such as The Kroger Co. and Walmart Stores is expected to fuel the demand for thermoform packaging in the region. By the end of 2024, the North America thermoform packaging market is expected to acquire a share of 37.9% in the overall market.
Efforts to Improve Shelf Life of Food Products Increase Uptake of Thermoform Packaging
The estimation that the global food industry is likely to be worth US$3 trillion by 2020, presents innumerable growth opportunities to the global thermoform packaging market. The stupendous rise of the food industry is expected to stir up a relentless demand for allied industries such as packaging in the coming few years. Analysts predict that booming demand for seafood, poultry, and meat is expected to augment the sales of thermoform packaging as growing number of consumers are opting for packaged food items that have a longer shelf life of the product. Additionally, increased focus on the presentation of the product and emphasis on indelible marketing tactics to outline brand differentiation is expected to up the sales of thermoform packaging in the next few years.
Inability to Support Heavy Items to Work against Growth of Global Market
Though the demand for thermoform packaging has witnessed a spike in recent years, there continues to be certain skepticism surrounding the usage of these packaging materials and types for heavy items. As several food and beverages manufacturers are planning to launch their products in significant volumes, they are reconsidering using thermoform packaging as it not the sturdiest option.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thermoform Packaging Market: Global Analysis, Size, Top Vendors, Forecast 2024 here
News-ID: 426016 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Packaging
Personalized Packaging Market 2019 By Key Players: Owens Illinois, Salazar Packa …
Personalized Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Download PDF Sample of this Report @
http://www.supplydemandmarketresearch.com/home/contact/277379?ref=Sample-and-Brochure&toccode=SDMRCH277379&utm_source=S2
The following manufacturers are covered:
Owens Illinois
Salazar Packaging
Design Packaging
PrimeLine Packaging
International Packaging
Elegant Packaging
Pak Factory
ABOX Packaging
ACG Ecopak
CB Group
SoOPAK Company
Huhtamaki…
E-Commerce Packaging Market by Top Key Players - Pioneer Packaging, Arihant pack …
E-commerce packaging involves the use of materials for safe packaging of products sold by the e-commerce industry. E-commerce packaging plays a vital role in the consumers' perception about the e-retailer. It also indicates the perceived value of the item received. Packaging reflects the value of shipment in the e-commerce supply chain, that is, better the packaging, better the product inside it.
Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2904563
The E-Commerce…
Luxury Packaging Market 2019 SWOT Analysis By Top Key Players; MW Luxury Packagi …
Luxury Packaging Market report provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. The company profiles of all the key players and brands that are dominating the Luxury Packaging Market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned…
Global Luxury Packaging Market 2019 Top Key Players: MW Luxury Packaging, Progre …
Summary
WiseGuyReports.com adds “Luxury Packaging Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database.
This report provides in depth study of “Luxury Packaging Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Luxury Packaging Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as…
Top Manufacturer in Luxury Packaging Market 2019: MW Luxury Packaging, Progress …
Luxury packaging is used for packaging and decorating high-end products.An increase in the luxury product consumption rate and the number of product launches in the fashion and cosmetic sectors are some major factors driving the market growth.
The global Luxury Packaging market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives…
Personalized Packaging Market 2025 | Design Packaging, Inc., PrimeLine Packaging …
As per the new market report published by Research Report Insights titled ‘Personalized Packaging Market’: Global Industry Analysis and Forecast 2017-2025’, global personalized packaging market attained a value worth US$ 25,577.9 Mn in 2017 and will possibly thrive at a promising CAGR of 5.1% over the forecast period (2017-2025). The global personalized packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury…
