Global Thermoforming Plastic Market Size, Forecasts, And Opportunities – Includes Thermoforming Plastic Market Demand
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The global thermoforming plastic market is expected to grow from $42.27 billion in 2021 to $45.45 billion in 2022 at a compound annual growth rate (CAGR) of 7.5%. The global thermoforming plastic market size is expected to grow to $57.27 billion in 2026 at a CAGR of 6%.
The increasing demand for consumer durables is expected to propel the growth of the transforming plastic market going forward.
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The thermoforming plastic market consists of sales of thermoformed plastics by entities (organizations, sole traders, and partnerships) that are used to produce packaging materials and consumer products that are durable, resilient, and tamper-resistant. Thermoforming is a plastic manufacturing process that uses heat to shape plastic into a variety of products. It protects the products while in transit and offers several seal options that will either extend the product’s shelf life or allow easy access, depending on the packaging needs. These are extremely versatile and can be utilized to manufacture parts to meet an end-user’s requirements and for a very wide range of applications.
By Thermoforming Type: Vacuum Forming, Pressure Forming, Mechanical Forming
By Process: Plug Assist Forming, Thick Gauge Thermoforming, Thin Gauge Thermoforming, Vacuum Snapback
By Plastic Type: Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Bio-Degradable Polymers, Others
By Application: Healthcare and Medical, Food Packaging, Electrical and Electronics, Automotive Packaging, Construction, Consumer Goods and Appliances, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global thermoforming plastic market in 2021.
Technological advancements are the key trends gaining popularity in the transforming plastic market. Major companies operating in the transforming plastic sector are focused on developing new technological solutions to strengthen their position.
TBRC’s Thermoforming Plastic Market Report Covers:
Major Market Players: Fabri-Kal Corp, Berry Global Inc, Genpak LLC, D&W Fine Pack LLC, Amcor Ltd, Dart Container Corp, Anchor Packaging, Sabert Corporation, Sonoco Products Company, Placon Corporation, Greiner Packaging GmbH, Tegrant Corporation, and Silgan Plastics.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Thermoforming Plastic Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides thermoforming plastic market overviews, analyzes and forecasts market size, share, thermoforming plastic market players, thermoforming plastic market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s thermoforming plastic market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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