U.S. Rigid Thermoform Plastic Packaging Market Is Going to Hit USD 8.99 billion By 2025 | Key Players: Genpak LLC; Placon Corporation; Winpak Ltd.; | Grand View Research, Inc.

U.S. Rigid Thermoform Plastic Packaging Market Is Going to Hit USD 8.99 billion By 2025 | Key Players: Genpak LLC; Placon Corporation; Winpak Ltd.; | Grand View Research, Inc.

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According to report published by Grand View Research, The U.S. rigid thermoform plastic packaging market size was estimated at USD 7.5 billion in 2018and is expected to register a CAGR of 2.7% from 2019 to 2025.

The U.S. Rigid Thermoform Plastic Packaging Market size is projected to reach USD 8.99 billion by 2025, expanding at a CAGR of 2.7%, according to a new report by Grand View Research, Inc. The growing scope of the products in food & beverages, pharmaceutical, and personal care applications is expected to be the major factor driving the market growth over the forecast period.

The food and beverage industry in the U.S. is one of the major users of rigid thermoform plastic packaging solutions, with FDA-approved food contact materials such as PET, PVC, and PE, to name a few. The rapid growth of the food service and online food delivery industry segments in the country is expected to have significant impacts on the growth of this packaging market during the forecast period.

The growth of single-serve meals, on-the-go food products, and ready-to-eat meals is slated to result in increased demand for rigid thermoformed plastic packaging solutions such as clamshells, trays and lids, and containers. Other key food products making use of these packaging solutions include fresh fruits, deli products, and bakery products.

Blister pack is a type of packaging typically used for pharmaceutical, personal care and cosmetics, homecare, and food packaging applications. Commonly utilized materials for producing blister packs include polyvinyl chloride, polyethylene, and polypropylene.

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These blister packs are most frequently used for packaging OTC medications such as pills, tablets, and capsules. Other products that are usually packed in these blister packs include electronics such as batteries, headphones, cell phone accessories, and pen drives.

U.S. rigid thermoform plastic packaging market size, by product, 2013 - 2025 (USD Billion)


Further key findings from the report suggest:

  • Among materials, the PET segment accounted for the largest share of over 42.0% of the overall market revenues in 2018. The growing demand for this material can be attributed to its properties such as non-toxic, strong, and lightweight material, along with versatility, which facilitates the use of this material to manufacture clamshells, containers, bowls, lids, and trays
  • PVC is a shatter-resistant and lightweight material as compared to glass, and it also possesses good barrier properties, thereby making it ideal for food preservation
  • Among product categories, containers dominated the market, accounting for a share of over 32.0% of the market revenues in 2018. Commonly utilized materials for manufacturing containers include PET, PP, and PS
  • Rising trend towards consumption of single-serve meals and on-the-go products, as a result of busier and changing lifestyles, is expected to increase the demand for containers over the forecast period
  • Diverse product offerings and mergers and acquisitions are among the major strategies adopted by key market players to reinforce their competitive positions in the market.

Grand View Research has segmented the U.S. rigid thermoform plastic packaging market on the basis of material, product, and application:

U.S. Rigid Thermoform Plastic Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2013 – 2025)

  • Polyethylene Terephthalate (PET)
  • Polyvinyl Chloride (PVC)
  • Polystyrene (PS)
  • Polypropylene (PP)
  • Polyethylene (PE)
  • Others


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U.S. rigid thermoform plastic packaging market share, by material, 2018 (%)


Key Topics Covered

Chapter 1 Methodology & Scope

                 1.1 Information Procurement

                      1.1.1 Purchased Database

                      1.1.2 Gvr’s Internal Database

                      1.1.3 Secondary Sources

                      1.1.4 Third Party Perspective

                      1.1.5 Primary Research

                 1.2 Information Analysis & Data Analysis Models

                 1.3 List to Data Sources

Chapter 2 Executive Summary

                 2.1 Market Outlook

                 2.2 Segmental Outlook

                 2.3 Competitive Insights

Chapter 3 U.S. Rigid Thermoform Plastic Packaging Market Variables, Trends & Scope

                 3.1 Market Lineage Outlook

                      3.1.1 Parent Market Outlook: Rigid Plastic Packaging Market

                      3.1.2 Related Market Outlook: Cold Form Blister Packaging Market

                 3.2 Penetration & Growth Prospect Mapping

                 3.3 Industry Value Chain Analysis

                      3.3.1 Raw Material Trends

                          3.3.1.1 Major Raw Materials Analysis

                              3.3.1.1.1 Plastic

                          3.3.1.2 Procurement Best Practices

                      3.3.2 Manufacturing Trends

                          3.3.2.1 Technology Trends

                      3.3.3 Sales Channel Analysis

                      3.3.4 Vendor Selection Criteria Analysis

                 3.4 Regulatory Framework

                      3.4.1 Standard & Compliances

                      3.4.2 Safety

                 3.5 U.S. Rigid Thermoform Plastic Packaging Market Dynamics

                      3.5.1 Market Driver Analysis

                          3.5.1.1 Growing Food & Beverage Industry

                          3.5.1.2 Increasing Demand From Pharmaceutical Industry

                      3.5.2 Market Restraint Analysis

                          3.5.2.1 Growing Stringent Regulations on Plastic Usage

                      3.5.3 Industry Challenges

                 3.6 Business Environment Analysis

                      3.6.1 Industry Analysis – Porter’s

                      3.6.2 Pestel Analysis

                      3.6.3 Major Deals & Strategic Alliances Analysis

                          3.6.3.1 Joint Ventures

                          3.6.3.2 Mergers & Acquisitions

                          3.6.3.3 Licensing & Partnership (if any)

                 3.7 Market Entry Strategies

Continue…


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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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