Global Thermoformed Plastics Market Scenario:
A thermoplastic, also known as thermosoftening plastic is a material that is moldable in any desired shape or size at a heightened temperature and solidifies when cooled. Thermoplastics are usually shaped or reshaped using several polymer processing techniques ranging from compression molding, injection molding, extrusion, to calendaring.
Thermoformed plastics have numerous applications in major end-use industries such as food packaging, healthcare & medical, automotive packaging, and electrical & electronics. Such a wide range of applications is likely to push sizeable growth in the global thermoformed plastics market. Elevated disposable income and a rise in the demand for the packaging of instant processed foods is fueling growth to the global thermoformed plastics market.
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Further, high consumption of thermoformed plastics in the automotive packaging industry owing to it being lightweight and stronger is promoting the expansion of the thermoformed plastics market. These properties have also enabled easier application in other consumer goods and appliances. A tilting shift in favor of the usage of PET over metals is also contributing to the ascension of the global thermoformed plastics market.
Moreover, technological advancements have led to the introduction of products with good impact resistance, dimensional stability, excellent machinability, and lower cost. This is further driving the global thermoformed plastics market during the forecast period.
- Pactiv LLC (U.S.),
- Sonoco Products Company (U.S.),
- Spencer Industries Incorporated (U.S.),
- D&W Fine Pack LLC (U.S.),
- Brentwood Industries (U.S.),
- Genpak, LLC (U.S.),
- Placon (U.S.),
- Silgan Plastics (U.S.),
- Graham Packaging Company (U.S.), and
- Wilbert Plastic Services, Inc. (U.S.).
Thermoformed Plastics Industry Segmentation:
The global thermoformed plastics market is segmented on the basis of the product, process, application, and region.
Based on the product, the global thermoformed plastics market is segmented into polyethylene terephthalate (PET), polyethylene (PE), acrylonitrile butadiene styrene (ABS), polystyrene (PS), polyvinyl chloride (PVC), polypropylene (PP), polymethyl methacrylate (PMMA), high impact polystyrene (HIPS), and others.
On the basis of the process, the global thermoformed plastics market is segmented into vacuum forming, pressure forming, heavy gauge (thick) thermoforming, thin thermoforming, plug assist, and others.
The market is segmented on the basis of the application as healthcare & medical, food packaging, electrical & electronics, automotive packaging, construction, consumer goods & appliances, and others.
The global thermoformed plastics market is segmented into five regions Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The high demand for thermoformed plastics in various end-use industries such as healthcare, food & beverage, electrical & electronics, etc. due to the growing trade of these products.
The North American market is majorly driven by the high production and sales of food & beverage, medical & personal care products, and automotive.
The rising demand for thermoformed plastics from food & beverage and pharmaceutical industries is the primary driver for the growth of the European market.
The Middle East & Africa region is growing due to the expanding infrastructure and construction activities in this region.
July 2019: US-based Rohrer is a packaging solutions provider that recently opened its thermoforming facility in Tijuana, Mexico. This facility is conditionally operational while its official opening is scheduled to take place in late 2019.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Product
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Thermoformed Plastics Market
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