Thermoformed Container Market Share & Growth | Forecast 2030
Thermoformed Container Market Share & Growth | Forecast 2030
Segments - North America Thermoformed Container Market by Type (Blisters, Clamshells, Cups and Bowls, Trays and Lids, and Others) By Material Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene, Polyethylene Terephthalate (PET), Others) By Application (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Electronics and Electrical, Home Care Products, Others), By North America (US and Canada) - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
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Report Description
Thermoformed Container Market Outlook
The North America Thermoformed Container market was valued at USD 6,149.6 Million in 2019 and is projected to reach USD 8,192.8 Million by 2027, expanding at a CAGR of 4.2% during the forecast period.
Thermoformed container are used during thermoforming where a plastic sheet is heated to get a bendable form so that it can be molded into desired shape. This afterwards is cooled to create the finished usable product. Various processes are available in the market for thermoforming container, the most common ones being vacuum snapback, thick and thin gauge thermoforming, and plug assist forming. Thermoformed container market is driven by the large application of thermoformed plastic in food packaging. As food packaging requires superior quality packaging materials to ensure protection against moisture, odor, and bacteria, which is provided by thermocontainer, their demand is significantly high in the food industry. Besides this, thermoformed container have recently found application in pharmaceutical articles packaging, which is projected to give significant boost to the market. there are several applications of the thermoformed container. Container that are used in thermoforming are petrochemical-based polymers. Despite the market’s positive trajectory up until now, it is yet to gain immunity to the effects of fluctuating raw material prices. Furthermore, the high labor cost often incurred in the manufacturing thermocontainer also has a negative effect on the global thermoformed container market. Additionally, it is a difficult task to attain precise wall thickness along with uniform thickness in products during the process of thermoforming. This could result in less durability of the products. As a result, the manufacturers are exploring potential substitutes to thermoformed polymers, which is regarded as a key restraint for the market.
Thermoformed Container Market Dynamics
Thermoformed container market is driven by the large application of thermoformed plastic in food packaging. As food packaging requires superior quality packaging materials to ensure protection against moisture, odor, and bacteria, which is provided by thermocontainer, their demand is significantly high in the food industry. Besides this, thermoformed container have recently found application in pharmaceutical articles packaging, which is projected to give significant boost to the market.
Thermoformed container have a wide range of applications and are also cost-effective, which have significantly aided in the market’s expansion over the last few years.
Container that are used in thermoforming are petrochemical-based polymers. Despite the market’s positive trajectory up until now, it is yet to gain immunity to the effects of fluctuating raw material prices. Furthermore, the high labor cost often incurred in the manufacturing thermocontainer also has a negative effect on the global thermoformed container market. Additionally, it is a difficult task to attain precise wall thickness along with uniform thickness in products during the process of thermoforming. This could result in less durability of the products. As a result, the manufacturers are exploring potential substitutes to thermoformed polymers, which is regarded as a key restraint for the market.
Thermoformed container market is driven by the large application of thermoformed plastic in food packaging. As food packaging requires superior quality packaging materials to ensure protection against moisture, odor, and bacteria, which is provided by thermocontainer, their demand is significantly high in the food industry. Besides this, thermoformed container have recently found application in pharmaceutical articles packaging, which is projected to give significant boost to the market.
Thermoformed container have a wide range of applications and are also cost-effective, which have significantly aided in the market’s expansion over the last few years. Container that are used in thermoforming are petrochemical-based polymers. Despite the market’s positive trajectory up until now, it is yet to gain immunity to the effects of fluctuating raw material prices. Furthermore, the high labor cost often incurred in the manufacturing thermocontainer also has a negative effect on the global thermoformed container market. Additionally, it is a difficult task to attain precise wall thickness along with uniform thickness in products during the process of thermoforming. This could result in less durability of the products. As a result, the manufacturers are exploring potential substitutes to thermoformed polymers, which is regarded as a key restraint for the market.
Thermoformed Container Market Segmental Outlook
On the basis of types, the market is segmented into blisters, clamshells, cups and bowls, trays and lids, and others. The trays and lids segment accounted for one fifth percent share of the market in 2019. A surge in the demand for trays and lids in manufacturing industry is one of the factors, which contributes for the growth of the segment.
In terms of material type, the market is segmented into polypropylene, polyethylene, polyvinyl chloride, polystyrene, polyethylene terephthalate (PET), and others. The polyethylene terephthalate (PET) is expected to expand at a significant CAGR of XX during the forecasts period.
In terms of application, the North America thermoformed container market is segregated into food and beverages, pharmaceuticals, cosmetics and personal care, electronics and electricals, home care products and others. The online pharmacy segment is expected to have a significant CAGR of XX during the forecast period. The polyethylene terephthalate (PET).
Thermoformed Container Market Regional Outlook
In terms of countries, the North America Thermoformed Container market is fragmented into the US and Canada. The US constituted market share of one third share in 2020. The market in the Canada is projected to expand at a CAGR of XX% during the forecast period. Increasing application of the thermoformed container in covering the components in food and beverages and rise in presence of several manufacturers in the US, is thereby boosting the growth of the thermoformed container market in the US.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global North America Thermoformed Container Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global North America Thermoformed Container Market Performance
Segments
By Type
- Blisters
- Clamshells
- Cups and Bowls
- Tray and Lids
- Others
By Material Type
- Polypropelene
- Polyethylene
- Polyvinyl Chloride
- Polystyrene
- Polyethylene Terephthalate (PET)
- Others
By Application
- Food and Beverages
- Pharmaceuticals
- Cosmetics and Personal Care
- Electronics and Electricals
- Home Care Products
- Others
By Region
- North America
- US.
- Canada
Key Players
- Sonoco Products Company
- Fabri-Kal
- Reynolds Group Holdings Limited (Pactiv LLC)
- Dart Container Corporation
- Palcon
- Berry Global Inc.
- WINKPAD LTD
- Anchor Packaging
- Huhtamaki
- Silgan Holdings Inc.
- DS Smith
- Bemis Company, Inc.(Amcor plc)
- Thrace Group
- Universal Protective Packaging,Inc.
- Universal Container Group,Inc.
- Dordan Manufacturing Company
- LINDAR Corporation
- Print Pack
- Plastic Ingenuity
- Prent Corportation
Competitive Landscape
- Key players in the market include Sonoco Products Company, Fabri-Kal, Reynolds Group Holding Limited (Pactiv LLC), Dart Container Corporation, Placon, Berry Global Inc., WINKPAD Ltd., Anchor Packaging, Huhtamaki, Silgan Hodings Inc., DS Smith, Bemis Company, Inc., (Amcor plc.), Thrace Group, Universal Protective Packaging, Inc., Universal Plastic Group,Inc., Dordan Manufacturing Company,LINDAR Corporation, Printpack, Plastic Ingenuity, and Prent Corporation. These companies are considered manufacturers of North America thermoformed container based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
- The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the North America thermoformed container is added in the company’s capacity.
- For instance, In February 2020, Sonoco Products Company announced the launch of all paper retail blister packaging. This product provides an alternative to the conventional thermoformed blister package used in the retail stores worldwide.
- In 2019, Sonco Products Company acquired Thermoform Engineered Quality LLC (TEQ), a manufacturer of thermoformed packaging products for the healthcare, medical devices and consumer industries. TEQ has three thermoforming operations in the UK and Poland.
Frequently Asked Questions
Additional company profiles can be provided on request.
Yes, the report covers product specific information such as Blisters, Clamshells, Cups and Bowls, Cups and Bowls, etc.
According to this Growth Market Reports report, the market from North America Thermoformed Container market shall probably to register a CAGR of 4.2% during forecast period 2020-2027, with an anticipated valuation of USD 8,192.8 million by the end of the 2027.
The rising number of North America thermoformed container, rising demand for the packaging in food and beverage industry, are expected to drive the market growth during forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Manufacturers/distributors and service providers are the key sales channel that are driving the North America Thermoformed Container market.
The market is expected to increase with growth of over 3.5% between 2019 and 2020 owing to the impact of COVID-19 pandemic on the North America Thermoformed Container market. Rise in the demand for the packaging are some of the factors, which contributes for the growth of the segment, thereby boosting the growth of the market.
The base year considered for the global North America Thermoformed Container market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Sonco Products Company,Fabri-Kal,ReynoldsGroup Holdings (Pactiv LLC), are the key players operating in the market.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoformed Container Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermoformed Container Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoformed Container Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermoformed Container Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 North America Thermoformed Container Market Size & Forecast, 2017-2027
4.5.1 Thermoformed Container Market Size and Y-o-Y Growth
4.5.2 Thermoformed Container Market Absolute $ Opportunity
4.6 BCG Matrix
4.7 SWOT Analysis
4.8 Government Regulations
Chapter 5 North America Thermoformed Container Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Thermoformed Container Market Size Forecast By Type
5.2.1 Blisters
5.2.2 Clamshells
5.2.3 Cups and Bowls
5.2.4 Trays and Lids
5.2.5 Others
5.3 Market Attractiveness Analysis By Type
Chapter 6 North America Thermoformed Container Market Analysis and Forecast By Material Type
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Material Type
6.1.2 Basis Point Share (BPS) Analysis By Material Type
6.1.3 Absolute $ Opportunity Assessment By Material Type
6.2 Thermoformed Container Market Size Forecast By Material Type
6.2.1 Polypropylene
6.2.2 Polyethylene
6.2.3 Polyethylene terephthalate (PET)
6.2.4 Others
6.3 Market Attractiveness Analysis By Material Type
Chapter 7 North America Thermoformed Container Market Analysis and Forecast By Application
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Application
7.1.2 Basis Point Share (BPS) Analysis By Application
7.1.3 Absolute $ Opportunity Assessment By Application
7.2 Thermoformed Container Market Size Forecast By Application
7.2.1 Food and Beverages
7.2.2 Pharmaceuticals
7.2.3 Cosmetics and Personal Care
7.2.4 Electronics and Electricals
7.2.5 Home Care Products
7.2.6 Others
7.3 Market Attractiveness Analysis By Application
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermoformed Container Analysis and Forecast
9.1 Introduction
9.2 North America Thermoformed Container Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermoformed Container Market Size Forecast By Type
9.6.1 Blisters
9.6.2 Clamshells
9.6.3 Cups and Bowls
9.6.4 Trays and Lids
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Thermoformed Container Market Size Forecast By Material Type
9.10.1 Polypropylene
9.10.2 Polyethylene
9.10.3 Polyethylene terephthalate (PET)
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis By Material Type
9.12 Absolute $ Opportunity Assessment By Material Type
9.13 Market Attractiveness Analysis By Material Type
9.14 North America Thermoformed Container Market Size Forecast By Application
9.14.1 Food and Beverages
9.14.2 Pharmaceuticals
9.14.3 Cosmetics and Personal Care
9.14.4 Electronics and Electricals
9.14.5 Home Care Products
9.14.6 Others
9.15 Basis Point Share (BPS) Analysis By Application
9.16 Absolute $ Opportunity Assessment By Application
9.17 Market Attractiveness Analysis By Application
Chapter 10 Competition Landscape
10.1 Thermoformed Container Market: Competitive Dashboard
10.2 North America Thermoformed Container Market: Market Share Analysis, 2019
10.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
10.3.1 Sonoco Products Company
10.3.2 Fabri-Kal
10.3.3 Reynolds Group Holding Limited (Pactiv LLC)
10.3.4 Dart Container Corporation
10.3.5 Placon
10.3.6 Berry Global Inc.
10.3.7 WINKPAD LTD
10.3.8 Anchor Packaging
10.3.9 Huhtamaki
10.3.10 Silgan Holding Inc.
10.3.11 DS Smith
10.3.12 Bemis Company Inc.
10.3.13 Thrace Group
10.3.14 Universal Protective Packaging Inc.
10.3.15 Universal Plastic Groups,Inc.
10.3.16 Dordan Manufacturing Company
10.3.17 LINNDAR Corporation
10.3.18 Print Pack
10.3.19 Plastic Ingenuity
10.3.20 Prent Corporation
Methodology
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