Thermoforming Plastics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Thermoforming Type (Vacuum Forming, Pressure Forming, Mechanical Forming), By Plastics Type (Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Others) By Application (Healthcare and Medical, Food Packaging, Electrical and Electronics, Automotive Packaging, Others), By Region and Competition

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Summary

Report Description

Global Thermoforming Plastics market is expected to grow impressively through 2028 due to the growing demand from packaging and automotive industry all over the world . In 2022, Maruti Suzuki India Limited sold approximately 1.5 million cars across India.

Thermoforming is a popular manufacturing process used to shape and manipulate plastics materials into various products. It is a cost-effective and efficient method that has become increasingly popular in a wide range of industries, including packaging, automotive, medical, and consumer goods. Thermoforming involves heating a thermoplastics sheet until it becomes pliable and then shaping it by using a mold or vacuum to form the material into the desired shape.

There are several advantages to using thermoforming to manufacture plastics products. One of the main advantages is the cost-effectiveness of the process. Compared to other plastics manufacturing methods such as injection molding or blow molding, thermoforming is a much simpler and less expensive process. It also has a shorter lead time, which means that products can be produced more quickly and efficiently.

Thermoforming also offers a high degree of flexibility in terms of the shapes and sizes of the products that can be produced. The process can be used to create products with complex shapes and contours that would be difficult to achieve with other plastics manufacturing methods. Another advantage of thermoforming is its versatility in terms of the types of plastics materials that can be used. It can be used with a wide range of thermoplastics materials, including PET, PVC, polycarbonate, and acrylic.

Thermoforming is a popular plastics manufacturing process used to create a wide range of products across various industries. The thermoforming plastics market has been growing steadily in recent years, driven by factors such as the increasing demand for lightweight and durable packaging solutions and the rising use of thermoformed plastics in the automotive industry.

The thermoforming plastics market is expected to continue its growth trajectory during the forecast period, driven by the increasing demand for lightweight and durable packaging solutions, the rising use of thermoformed plastics in the automotive industry, and the growing healthcare industry. The industry's ability to respond to the demand for sustainable and environment-friendly packaging solutions will also play a critical role in its growth and success.

Growing Demand from Automotive Industry and Packaging are Driving Market Growth

One of the primary growth drivers of the thermoforming plastics market is the increasing demand for lightweight and durable packaging solutions. Thermoformed plastics is used extensively in the packaging industry to create a wide range of products, including trays, clamshells, and containers. The lightweight nature of thermoformed plastics packaging reduces shipping costs and makes it easier for consumers to handle and transport the products. Thermoformed plastics packaging also provides increased durability and protection, making it ideal for use in the food, healthcare, and consumer goods industries.

Another key growth driver of the thermoforming plastics market is the rising demand for thermoformed plastics in the automotive industry. Thermoformed plastics is used to create a variety of automotive components, including interior trims, dashboards, and door panels. Thermoformed plastics is preferred over traditional materials such as metal because of its lightweight nature, which contributes to improved fuel efficiency and lower emissions. Thermoformed plastics is also more cost-effective than metal and can be molded into complex shapes and designs, making it ideal for use in automotive interiors.

Environmental Concerns and Healthcare Industry is Driving Market Growth

The healthcare industry is a key driver of growth in the thermoforming plastics market. Thermoformed plastics is used extensively in the production of medical devices, surgical trays, and packaging for pharmaceutical products. The lightweight and durable nature of thermoformed plastics makes it ideal for use in the healthcare industry, where sterilization and infection control are critical.

The growing trend toward sustainable and environment-friendly packaging solutions is also expected to drive growth in the thermoforming plastics market. Thermoformed plastics can be made from a variety of materials, including recycled plastics and biodegradable materials. The ability to use recycled plastics reduces the environmental impact of plastics waste and promotes a circular economy. The development of biodegradable materials such as PLA and PHA has also opened up new opportunities for the thermoforming plastics market, as these materials can be used in a wide range of applications and provide a sustainable alternative to traditional plastics materials.

Asia Pacific region is expected to be a key driver of growth in the thermoforming plastics market, driven by the growing demand for lightweight and durable packaging solutions, increased industrialization, and the rising automotive industry. The region's large and growing population is also expected to drive demand for healthcare products and medical devices, creating new opportunities for the thermoforming plastics market.

Major Challenges Faced by Thermoforming Plastics Industry which are Hampering Market Growth

One of the biggest challenges faced by the thermoforming plastics market is the growing concern over the environmental impact of plastics waste. The use of plastics packaging has led to significant pollution and environmental damage, which has resulted in increased regulatory pressure to reduce plastics usage. In response to this challenge, the industry has been developing sustainable and environment-friendly solutions such as biodegradable plastics and recycled materials. However, the implementation of these solutions has been slow due to the high cost of production and limited availability of sustainable materials.

Another significant challenge facing the thermoforming plastics market is the growing competition from alternative packaging solutions such as paper, metal, and glass. These materials are gaining popularity due to their eco-friendliness and ease of recycling. The thermoforming plastics market needs to innovate and develop new technologies to stay competitive in the market.

The industry also faces challenges related to product design and manufacturing. Thermoforming requires precision engineering and any errors in the design or manufacturing process can lead to product defects and reduced quality. The industry needs to invest in advanced technology to improve the accuracy and precision of the manufacturing process.

Another challenge facing the thermoforming plastics market is the need to comply with various regulations and standards related to packaging and product safety. The industry needs to stay up to date with changing regulations and invest in the development of safe and compliant products.

Recent Developments

  • One of the major developments in the thermoforming plastics market has been the increased focus on sustainable and environment- friendly solutions. In response to growing concerns over plastics waste and pollution, the industry has been developing new materials and technologies to reduce its environmental impact. These include the use of biodegradable plastics made from renewable resources, the development of closed-loop recycling systems, and the implementation of circular economy models. These developments have been driven by regulatory pressures and consumer demands for more eco-friendly packaging solutions.
  • Another significant development in the thermoforming plastics market has been the adoption of new technologies to improve manufacturing processes and product quality. Advanced technologies such as 3D printing, computer-aided design (CAD), and digital prototyping have enabled manufacturers to produce more complex and precise products at a faster rate. These technologies have also enabled manufacturers to reduce waste and improve production efficiency, leading to cost savings and improved profitability.
  • The use of thermoforming plastics in the medical and healthcare industries has also seen significant developments in the last three years. Thermoformed plastics is widely used in the production of medical devices, surgical trays, and packaging for pharmaceutical products due to its lightweight, durable, and hygienic nature. In recent years, the industry has been developing new materials and technologies to meet the unique requirements of the healthcare industry, including the development of antimicrobial plastics and the use of digital printing for personalized packaging.
  • The use of thermoforming plastics in the automotive industry has also seen significant developments in the last three years. Thermoformed plastics is widely used in the production of automotive components, including interior trims, dashboards, and door panels. The industry has been developing new materials and technologies to improve the performance and durability of thermoformed plastics automotive components, including the use of advanced resins and composite materials.


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Market Segmentation

Global Thermoforming Plastics Market is segmented based on thermoforming type, plastics type, application, and region. Based on the thermoforming type , the market is further categorized  into vacuum forming, pressure forming, and mechanical forming. Based on plastics type, the market is categorized into polyethylene, polypropylene, polystyrene, polyvinyl chloride, and others. Based on application, the market is further segmented into healthcare and medical, food packaging, electrical and electronics, automotive packaging, and others. Based on region, the market is further divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Market Players

Fabri-Kal Corp, Berry Global Inc, D&W Fine Pack LLC, Amcor Ltd, Dart Container Corp, Anchor Packaging, Sabert Corporation, Placon Corporation., NovaGreen Inc., and Tegrant Corporation are some of the key players in the global Thermoforming Plastics market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Thermoforming Type

Plastics Type

Application

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South Korea, Japan, Singapore, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE

Key companies profiled

Fabri-Kal Corp, Berry Global Inc, D&W Fine Pack LLC, Amcor Ltd, Dart Container Corp, Anchor Packaging, Sabert Corporation, Placon Corporation., NovaGreen Inc., Tegrant Corporation

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, global Thermoforming Plastics market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Thermoforming Plastics Market, By Thermoforming Type:
    • Vacuum Forming
    • Pressure Forming
    • Mechanical Forming
  • Thermoforming Plastics Market, By Plastics Type:
    • Polyethylene
    • Polypropylene
    • Polystyrene
    • Polyvinyl Chloride
    • Others
  • Thermoforming Plastics Market, By Application:
    • Healthcare and Medical
    • Food Packaging
    • Electrical and Electronics
    • Automotive Packaging
    • Others
  • Thermoforming Plastics Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Singapore
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in Global Thermoforming Plastics market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Thermoforming Plastics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected].

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study Baseline Methodology

2.2.  Key Industry Partners

2.3.  Major Association and Secondary Sources

2.4.  Forecasting Methodology

2.5.  Data Triangulation & Validation

2.6.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    Global Thermoforming Plastics Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1.     By Thermoforming Type (Vacuum Forming, Pressure Forming, Mechanical Forming)

5.2.2.     By Plastics Type (Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Others)

5.2.3.     By Application (Healthcare and Medical, Food Packaging, Electrical and Electronics, Automotive Packaging, Others)

5.2.4.     By Company (2022)

5.2.5.     By Region

5.3.  Product Market Map

5.4.  Pricing Analysis

6.    North America Thermoforming Plastics Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Thermoforming Type

6.2.2.     By Plastics Type

6.2.3.     By Application

6.2.4.     By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.     United States Thermoforming Plastics Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value & Volume

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Thermoforming Type

6.4.1.2.2.             By Plastics Type

6.4.1.2.3.             By Application

6.4.2.     Mexico Thermoforming Plastics Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value & Volume

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Thermoforming Type

6.4.2.2.2.             By Plastics Type

6.4.2.2.3.             By Application

6.4.3.     Canada Thermoforming Plastics Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value & Volume

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Thermoforming Type

6.4.3.2.2.             By Plastics Type

6.4.3.2.3.             By Application

7.    Europe Thermoforming Plastics Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Thermoforming Type

7.2.2.     By Plastics Type

7.2.3.     By Application

7.2.4.     By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.     France Thermoforming Plastics Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Thermoforming Type

7.4.1.2.2.             By Plastics Type

7.4.1.2.3.             By Application

7.4.2.     Germany Thermoforming Plastics Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Thermoforming Type

7.4.2.2.2.             By Plastics Types

7.4.2.2.3.             By Application

7.4.3.     United Kingdom Thermoforming Plastics Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Thermoforming Type

7.4.3.2.2.             By Plastics Type

7.4.3.2.3.             By Application

7.4.4.     Italy Thermoforming Plastics Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Thermoforming Type

7.4.4.2.2.             By Plastics Type

7.4.4.2.3.             By Application

7.4.5.     Spain Thermoforming Plastics Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Thermoforming Type

7.4.5.2.2.             By Plastics Type

7.4.5.2.3.             By Application

8.    Asia-Pacific Thermoforming Plastics Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Thermoforming Type

8.2.2.     By Plastics Type

8.2.3.     By Application

8.2.4.     By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Thermoforming Plastics Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Thermoforming Type

8.4.1.2.2.             By Plastics Type

8.4.1.2.3.             By Application

8.4.2.     India Thermoforming Plastics Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Thermoforming Type

8.4.2.2.2.             By Plastics Type

8.4.2.2.3.             By Application

8.4.3.     South Korea Thermoforming Plastics Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Thermoforming Type

8.4.3.2.2.             By Plastics Type

8.4.3.2.3.             By Application

8.4.4.     Japan Thermoforming Plastics Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Thermoforming Type

8.4.4.2.2.             By Plastics Type

8.4.4.2.3.             By Application

8.4.5.     Australia Thermoforming Plastics Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Thermoforming Type

8.4.5.2.2.             By Plastics Type

8.4.5.2.3.             By Application

9.    South America Thermoforming Plastics Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Thermoforming Type

9.2.2.     By Plastics Type

9.2.3.     By Application

9.2.4.     By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.     Brazil Thermoforming Plastics Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Thermoforming Type

9.4.1.2.2.             By Plastics Type

9.4.1.2.3.             By Application

9.4.2.     Argentina Thermoforming Plastics Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Thermoforming Type

9.4.2.2.2.             By Plastics Type

9.4.2.2.3.             By Application

9.4.3.     Colombia Thermoforming Plastics Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Thermoforming Type

9.4.3.2.2.             By Plastics Type

9.4.3.2.3.             By Application

10.  Middle East and Africa Thermoforming Plastics Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Thermoforming Type

10.2.2.  By Plastics Type

10.2.3.  By Application

10.2.4.  By Country

10.3.              Pricing Analysis

10.4.              MEA: Country Analysis

10.4.1.  South Africa Thermoforming Plastics Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Thermoforming Type

10.4.1.2.2.           By Plastics Type

10.4.1.2.3.           By Application

10.4.2.  Saudi Arabia Thermoforming Plastics Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Thermoforming Type

10.4.2.2.2.           By Plastics Type

10.4.2.2.3.           By Application

10.4.3.  UAE Thermoforming Plastics Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Thermoforming Type

10.4.3.2.2.           By Plastics Type

10.4.3.2.3.           By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Merger & Acquisition

12.2.              Product Development

12.3.              Recent Developments

13.  Porters Five Forces Analysis

13.1.              Competition in the Industry

13.2.              Potential of New Entrants

13.3.              Power of Suppliers

13.4.              Power of Customers

13.5.              Threat of Substitute Products

14.  Competitive Landscape

14.1.              Business Overview

14.2.              Company Snapshot

14.3.              Products & Services

14.4.              Financials (As Reported)

14.5.              Recent Developments

14.5.1.  Fabri-Kal Corp

14.5.2.  Berry Global Inc

14.5.3.  D&W Fine Pack LLC

14.5.4.  Amcor Ltd

14.5.5.  Dart Container Corp

14.5.6.  Anchor Packaging

14.5.7.  Sabert Corporation

14.5.8.  Placon Corporation

14.5.9.  NovaGreen Inc.

14.5.10.                Tegrant Corporation

15.  Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Rising demand from packaging industry and medical industry are the major factors driving the Global Thermoforming Plastics market.

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Fabri-Kal Corp, Berry Global Inc, D&W Fine Pack LLC, Amcor Ltd, Dart Container Corp, Anchor Packaging, Sabert Corporation, Placon Corporation., NovaGreen Inc., Tegrant Corporation are some of the key players operating in the Global Thermoforming Plastics Market.

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Asia Pacific is expected to hold the largest market share over the next five years owing to the booming food and beverages industry.

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Healthcare and Medical segment is expected to remain dominant in the Thermoforming Plastics market in the coming years.

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