According to a recent market study published by Growth Market Reports, titled, “Global Thermoforming Films Market by product, by applications, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 80,332.0 Million in 2021 and is anticipated to grow at a growth rate 4.4% by the year 2030.

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Thermoforming is a method of forming plastic sheets. These sheets are available in a variety of thicknesses, depending on the type of product. Thin sheets of plastic are referred to as films. Thermoforming films are essential for the creation of many common consumer goods. A rolled plastic sheet is heated to a moldable temperature during the thermoforming process by being fed into an oven. The plastic sheet is heated, then put on top of a mold. There are several ways to apply pressure on the heated sheet to the intricate parts of the mold, depending on the equipment being used.

There are 3 processes of thermoforming, namely, vacuum, pressurized, and mechanical. Creating a vacuum between the heated sheet and the mold cavity pulls the pliable sheet into the mold, forcing it to form to the mold’s various details. The pressurized method adds additional force to the vacuum technique by applying additional pressure against the sheet to push it into the mold. This additional pressure is created using compressed air. Mechanical thermoforming uses a mated box to push the plastic sheet down into the mold. A popular technique for thermoforming films is vacuum thermoforming, as it does not require excessive pressure to form thin material close to the mold. The plastic sheet is heated, shaped to the mold, allowed to cool, then cut and put through additional procedures to create the finished product.

The global Thermoforming Films market has been fragmented based on type, applications, material, and regions. In terms of type, the Thermoforming Films market is bifurcated into rigid thermoforming films and flexible thermoforming films. Based on applications, the global Thermoforming Films market is segmented into food, pharmaceutical, consumer goods, chemical, electronic, cosmetics & personal care, and others. Based on material types, the global Thermoforming Films market is segmented into Polyvinyl Chloride (PVC), Polyethylene (PE), Acrylonitrile Butadiene Styrene (ABS), Ethylene vinyl alcohol (EVOH), and Polyamide (PA).

The global Thermoforming Films market was slightly impacted by the covid-19, owing to the disruption in the supply chain and limitations in the cross broader transaction.

As per growth market reports industry analyst XX, “Increasing demand for packed food items, Growing packaging of beauty and cosmetic products, Growing applications of thermoforming film in the medical industry, and Rising demand for thermoforming packaging from electronic industry are expected to drive the market during the forecast period.

Key Takeaways from the Study:

  • Key players operating in the market are Amcor plc , Dupont Teijin Films, Vishakha Polyfab Pvt. Ltd, Klöckner, Pentaplast, Astar Packaging Pte Ltd., Hypac Packaging Pte Ltd., Peiyu Plastics Corporation, AVI Global Plast Clifton, Packaging Group Limited, Flexipol (Synnovia), Green Packaging Material(Jiangyin) Co., Ltd. These companies are considered as key manufacturers of Thermoforming Films based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
  • In terms of types, the global thermoforming films market is classified into rigid thermoforming films and flexible thermoforming films. The rigid thermoforming films segment is projected to account for a remarkable share of the market during the forecast period, as they are required to be molded at high temperatures. Rigid thermoforming films are commonly used for mechanical purposes such as pipe systems, protective headgear, golf club heads, musical instruments, recorders, and for toys, such as Legos. The flexible thermoforming films segment is expected to expand at a significant pace, as it has tough resilience to the elements, including heat. Flexible thermoforming films handle high temperatures anywhere from -4 to 176 °F. This allows the plastic to be molded at high temperatures.
  • The applications segment is further segmented into food, pharmaceutical, consumer goods, chemical, electronic, cosmetics & personal care, and others. The food segment is projected to account for a remarkable share of the market during the forecast period, due to growing demand from the food packaging industry. This is encouraging manufacturers to expand their resources for providing good packaging solutions to their customers. Demand for thermoforming films has been rising in the beverage packaging industry, as these films provide a one-stop solution for companies that require sustainable and low-cost packaging options with good shelf appeal.
  • The material types segment is segmented into Polyvinyl Chloride (PVC), Polyethylene (PE), Acrylonitrile Butadiene Styrene (ABS), Ethylene vinyl alcohol (EVOH), and Polyamide (PA). The polyethylene (PE) segment is expected to hold a substantial share of the market during the forecast period. Demand for thermoforming films made of polyethylene (PE) is anticipated to increase at a rapid pace in the food & beverage packaging industry during the forecast period. Thermoforming films offer sustainable packaging solutions, as they reduce the weight of packaging. Additionally, thermoforming films possess good shelf appeal and are cost-effective. The Polyvinyl Chloride (PVC) segment is expected to grow at a significant pace during the forecast period, as Polyvinyl Chloride (PVC) thermoforming films help to avoid the hidden costs of pre-labeled products. These films also limit the use of adhesives and the need for secondary sleeves for branding. Demand for thermoforming films has been rising in the beverage packaging industry, as these films provide a one-stop solution for companies that require sustainable and low-cost packaging options with good shelf appeal.
  • Based on regions, the global thermoforming films market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to dominate the global thermoforming films market during the forecast period. Rapidly growing demand for thermoforming films in packaging applications, increasing demand for packaged food and consumer goods in China and India, and high economic growth rate of countries in the region favor the growth of the thermoforming films market in Asia Pacific. The market in North America is expected to expand at a high CAGR during the forecast period. The growing food & beverage industry in the US and rising in disposable income are driving the thermoforming films market in this region. The thermoforming films market in Europe is projected to expand at a substantial pace during the forecast period. Demand for thermoforming films in countries such as Germany and the UK is expected to rise in the next few years, due to increasing usage of canned food products.

Report Scope:

Report Metric

Details

Market Value in 2021

US$ 80,332.0 Million

Market Growth Rate (from 2015 to 2030)

4.4 %

Historical Data

2015 to 2020

Base Year

2021

Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Product Type, By Application, By Material, and By region

Key Companies Profiled

Amcor plc , Dupont Teijin Films, Vishakha Polyfab Pvt. Ltd, Klöckner, Pentaplast, Astar Packaging Pte Ltd., Hypac Packaging Pte Ltd., Peiyu Plastics Corporation, AVI Global Plast Clifton, Packaging Group Limited, Flexipol (Synnovia), Green Packaging Material(Jiangyin) Co., Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer, distributors, wholesaler, and Supplier.
  • Demand Side: food industry, pharmaceutical industry, consumer goods industry, chemical industry, electronic industry, cosmetics & personal care industry.
  • Associations and Industry Bodies: World Health Organization (WHO), and others.