Thermoform Packaging Market 2021 by Industry Analysis, Growth Opportunity, Future and Forecast to 2027

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Thermoform Packaging Market | Covid 19
Outbreak | Opportunities, Key Players,
Competitive and Regional Analysis by
Forecast 2027
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2. Date: March 24, 2021
Author: Fred Williams
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The report published by Transparency Market Research, “Thermoforming Packaging Market:
Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027,” states
that Asia Paci c thermoforming packaging market is expected to expand in market size owing
to industrialization and increased consumer spending on processed food and consumer
products.
The global thermoforming packaging market is projected to grow at a CAGR of 6.3% during
the forecast period and expected to reach US$ 82.0 Bn by 2027. The global thermoforming
packaging market is anticipated to offer the most promising opportunities for manufacturers,
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3. owing to the increasing demand from pharmaceuticals, food services, and electrical &
electronics industries.
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Here: https://www.transparencymarketresearch.com/sample/sample.php?
ag=B&rep_id=14120
The evolving food industry and requirement for sustainable packaging are anticipated to be
the crucial drivers for the growth of the global thermoforming packaging market. Asia Paci c
is expected to be a lucrative market place for thermoforming packaging in terms of demand.
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4. Entry of new players in the manufacturing stream is becoming bene cial for end-users in
terms of availability of cost-ef cient and high-quality thermoforming packaging products.
Mergers and acquisitions of potential thermoforming packaging manufacturers by global key
players create competitive opportunity in terms product development and geographical
expansion. Pactiv LLC is anticipated to be a prominent manufacturer of thermoforming
packaging owing to its wide product portfolio and sales channel. European and North
American manufacturers of thermoforming packaging are showing high interest in Asia
Paci c and Latin America markets due to high market opportunities.
North America is expected to house key thermoforming packaging manufacturers, who are
holding strong positions in the global thermoforming packaging market. The North American
thermoforming packaging market includes two countries which are- the United States and
Canada. The United States is estimated to hold a market share of nearly 22% of the global
thermoforming packaging market. Latin American thermoforming packaging market includes
Brazil, Mexico, Argentina, and Rest of Latin America. Brazil is expected to be the most
attractive country in terms of market share owing to the increased consumer spending on
retail products.
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5. The growing usage of thermoforming packaging for dairy and fresh produce by Mexican food
companies is expected to be responsible for fast-paced growth of the thermoforming
packaging market in Mexico. European thermoforming packaging market includes countries
such as Germany, United Kingdom, Italy, France, Spain, Russia, Benelux, and Rest of Europe. In
the European thermoforming packaging market, the cumulative market share of top three
countries is estimated to account for more than 50% in 2019. Germany is projected to
register fast-paced growth during the forecast period. Intolerance of single-use plastic and
adoption of paper & moulded pulp for packaging are threatening the growth of the European
thermoforming packaging market.
Asia Paci c is estimated to be the largest consumer of thermoforming packaging and was
pegged at around 38% of the global market volume in 2018. Urbanization and impressive
growth of the retail industry in India and China is anticipated to boost the demand for
thermoforming packaging products. Rapid growth of food delivery services and outlets in
emerging countries of Asia Paci c is expected to boost the demand for thermoform packaging
trays and lids. The availability of cost-ef cient thermoforming machines and low setup cost
are factors expected to increase the suppliers of thermoforming packaging products in the
Asia Paci c market.
Middle East & Africa is expected to witness sluggish growth during the forecast period owing
to slow retail and food industry growth observed in the past few years. GCC Countries are
anticipated to have an attractive thermoforming packaging market owing to the entries of
global food giants and retail chains.
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6. In the global market report for thermoforming packaging market, the competitive landscape
is discussed. The key players pro led in the thermoform packaging market are- Winpak
Limited, Universal Plastics Corporation, UFP Technologies, Inc., Tray-Pak Corporation,
Sonoco Products Company, Sealed Air Corporation, Sabert Corp., Printpack, Inc., Plastique
(Subsidiary of ESCO Technologies Inc.), Placon Corporation, Pactiv LLC, Merrill’s Packaging,
Huhtamaki Group, Genpak LLC, Fabri-Kal Corp., Dupont Teijin Films U.S. Limited Partnership,
DS Smith Plc, Dordan Manufacturing Company, Inc., Display Pack Inc., Dart Container Corp.,
D&W Fine Pack LLC, Constantia Flexibles Group GmbH, CJK Thermoforming Solutions, LLC,
Brentwood Industries Inc., Blisterpak, Inc., Berry Global Inc., Bemis Company, Inc., Anchor
Packaging Inc., Amcor Limited, and Agoform GmbH.
Customization of the Report: This report can be customized as per your needs for
additional data or countries. –
https://www.transparencymarketresearch.com/sample/sample.php?
ag=CR&rep_id=14120
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7. Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
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And Key Insights Of The
Business Scenario By 2027
Top Companies, Trends by Types
and Application, Forecast to
2027
February 2, 2021
November 5, 2020
March 24, 2021
In "Electronics &
Semiconductors"
Published by Fred Williams
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