Global Thermoform Packaging Market – Overview
The Thermoform Packaging market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of such packaging is influenced by the growing trend for online shopping, rapid growth in electronic sector and easy availability of biodegradable bubble wrap. However, availability of other alternative packaging hinder the growth of the market.
The continuous growth of the food & beverage and electronics market is fuelling the overall growth of the thermoform packaging market. Furthermore the growth of e-commerce has also induced the market growth. The benefits of online shopping such as faster delivery, easier return policies, and free shipping, have made many customers switch from the traditional methods of shopping.
Amazon (U.S.) has been leading the market with a total revenue of USD 107,006 million, as compared to eBay (U.S.) with total revenue of USD 8,592 million in 2015.
Get Report Sample Of Thermoform Packaging Market Research Report – Forecast to 2023 @ https://www.marketresearchfuture.com/sample_request/1851
Rapid growth in the electronic sector is ultimately driving the demand of the thermoform packaging. Today consumer electronics is the top selling category due to increase in the number of online electronics models. According to REED Electronic Research, a leading market information provider on the global electronics industry, in 2015, China has accounted for 38% of electronics equipment production in the global market.
Most of the consumers as well as manufacturers today are concerned about the impact of packaging on the environment due to the rising awareness of environment protection. This is expected to hinder the market growth.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 130 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Thermoform Packaging Market Information from 2018 to 2023″
Bemis Company, Inc., Sonoco Products Company, E.I. du Pont de Nemours and Company, Amcor Limited, DS Smith Plc., WestRock Company, Display Pack Inc, Tray Pack Corporation, Lacerta Group, Inc and Sealed Air Corporation are some of the prominent players at the forefront of competition in the global thermoform packaging market and are profiled in MRFR Analysis.
Global Thermoform Packaging Market – Competitive Analysis
The market is characterized by the presence of several medium and small players. Thermoform packaging appears to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period.
In 2017 Nelipak, a thermoformed medical packaging provider announced the acquisition of thermoforming company Computer Designs Incorporated. Under the new brand of Nelipak Healthcare Packaging, the company will develop its thermoformed packaging products and service capabilities for the healthcare market.
Sirap-Gema (Italy) continues its international expansion. It announced the acquisition of two subsidiaries of Reynolds Group Holdings (New Zealand), to acquire a thermoforming plant in France and a trading company in Germany. The deal is intended to strengthen Sirap’s position in the European food packaging market.
RiverRock acquired Novum Capital (Germany to push forward the global growth of this manufacturer of intelligent packaging systems. ES-Plastic is engaged in extruded and thermoformed PP packaging. The company also produces cups, lids, sorting inserts and films in southern Germany.
In 2017 Nelipak, a thermoformed medical packaging provider has completed the acquisition of thermoforming company Computer Designs Incorporated. Under the new brand of Nelipak Healthcare Packaging, the company will develop its thermoformed packaging products and service capabilities for the healthcare market.
Sirap-Gema (Italy) has completed the acquisition of two subsidiaries of Reynolds Group Holdings. Both the companies Kama Europe and Reynolds Food Packaging Spain produce the rigid plastic thermoformed food packaging trays.
Hence, Global Thermoform Packaging Market is expected to reach a market size of USD 104,999.8 million by the end of the forecast period at CAGR of 5.72%.
Global Thermoform Packaging Market – Segments
Global Thermoform Packaging Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Type : Comprises – Blister Packaging, Skin Packaging, Clamshell Packaging, Others
Segmentation By Application : Comprises – Food & Beverage, Pharmaceuticals, Electronics, Personal Care and others
Segmentation By Material : Comprises – Plastic, Paper Aluminum and others
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World
Global Thermoform Packaging Market – Regional Analysis
Asia-Pacific is expected to show a very high rate of growth in demand for thermoform packaging over the coming years, owing to rising disposable incomes and the booming ecommerce industry. The thermoform packaging market in developing countries such as China and India are estimated to grow at a high rate in the forecast period. China is estimated to grow faster than any other country because of its strong economic growth along with increase in online shopping and rapid urbanization.
China accounts for the largest market in Asia Pacific. In China, the electronics and appliance retailers dominate the market. Domestic manufacturers are accounting for the increase in share of consumer electronics due to growing brand reputation and improved technology. Factors such as rising increase in disposable income, urbanization are some of the major factors driving the demand for thermoform packaging solutions.
In Japan, electronics and consumer goods is expected to dominate the market during the forecast period. E-commerce industry offers an attractive and convenient shopping option to consumers, which provides an innovative, sustainable and seamless experience over all channels. This induces the growth of thermoform packaging.
Ask for your specific company profile and country level customization on reports.
Browse Full Report Thermoform Packaging Market Research Report – Forecast to 2023 @ https://www.marketresearchfuture.com/reports/thermoform-packaging-market-1851
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar