Thermoformed Containers Market: Global Industry Analysis, Size and Forecast, 2019 to 2027

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Thermoformed Containers Market

An Incisive, In-depth Analysis on the Thermoformed Containers Market

This study offers a comprehensive, 360 degree analysis on the Thermoformed Containers market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Thermoformed Containers market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Thermoformed Containers Market Analysis: Trends in Clamshell Packaging Creating New Possibilities for Manufacturers

The global thermoformed containers market was valued at US$ 15 Billion in 2018 and is projected to expand at a CAGR of 4.6%, during the forecast period (2019- 2027).

Thermoformed Containers Market: Introduction

Thermoforming is the process of heating a plastic sheet near to its melting point and then moulding it into different shapes and sizes. Once, the plastic has been shaped and trimmed, it is used for precise packaging which includes light gauge and thin gauge thermoformed containers. This process is then used to create different types of containers which include plastic clamshells, packaging trays, blister packaging, and bowls.

Three processes of manufacturing thermoformed containers include vacuum thermoforming, pressure thermoforming, and mechanical thermoforming. The vacuum thermoforming process to make thermoformed containers includes shaping pre-heated plastic sheets by using the vacuum produced in the mould cavity space. Pressure thermoforming process involves shaping a pre-heated plastic sheet using air pressure as a medium. Mechanical thermoforming involves shaping pre-heated plastic sheet using direct mechanical force to create thermoformed containers. Thermoformed containers provide many advantages over other plastic processing procedures, which include less expensive tooling and are easy to mould. The process produces parts with stress crack resistance, high-impact resistance, and rigid material, boosting the growth of the thermoformed containers market.

Thermoformed containers are made with light gauge thermoforming. These parts have the capability to bend. Thermoformed container types include blisters, clamshells, medical device trays, insert trays, display trays, fast food trays, and packaging trays among other packaging solutions. The thermoformed containers market is anticipated to have noticeable growth during the forecast period, as the consumption in the food & beverage industry is increasing. Manufacturers in the global thermoformed containers market are looking forward to providing secure packaging solutions such as tamper-evident and bar code packaging solutions. Thermoformed containers are used for various packaging types which include vegetables, fresh fruits, meat, dry fruits, medicines, and beverages among numerous other products which require protection as well as an attractive visual appearance to stand out on the retail shelves.

Companies in the global thermoformed containers market are designing different types of packaging formats. For instance, Inline Plastics Corporation offers Safe-T-Fresh tear strip clamshell which is made up of recyclable DPET material. The growth of the food and beverage industry is the key driver for the thermoformed containers market. The maximum amount of clamshells and containers are used in the food industry by manufacturers and retailers to keep their food fresh and delicious, day in and day out. The thermoformed containers market is estimated to experience a significant increase, due to an increment in consumption of food globally. Some of the manufacturers are adopting flexible packaging solutions, which may hamper the growth of the thermoformed containers market.

The thermoformed containers market is segmented as per material type, product type, and end use. By material type, the global thermoformed containers market is categorized as polypropylene, polyethylene, polyvinyl chloride, polystyrene, and others. By product type, the global thermoformed containers market is classified as blisters, clamshells, cups & bowls, and trays & lids. By end use, the global thermoformed containers market is categorized as food & beverages, pharmaceuticals, cosmetics & personal care, home care products, and electronics & electrical and others.

Thermoformed Containers Market: Key Developments & Trends

Manufacturers in the thermoformed containers market are using acquisition strategies for the development of the company and increment in its overall revenue.
- Universal Plastics Corporation acquired premium Plastics Solutions and Sajar Plastics Inc.
Manufacturers in the thermoformed containers market are also focusing on providing trendy and consumer-convenient packaging solutions which include clamshells with different types of lids and hinges.
Lindar Corporation launched new PAINTWELL products, a new variety of paint trays and paint tray liners, based on thermoforming manufacturing processes.
LINDAR Corporation is offering 3D printed thermoformed containers, especially for confectionary and bakery products.
Pöppelmann GmbH & Co. KG, is offering thermoformed containers with secure lids which include tamper-evident lids or snap-on lids.

The clamshell segment in the global thermoformed containers market is expected to expand at a CAGR of 6.3% during 2019-2027 and is estimated to have a 20.8% market value share in 2018. The thermoformed containers market in the Asia Pacific region is expected to account for a 32.0% market share in 2018. The food & beverages segment in the thermoformed containers market is estimated to have a market value share of 42.4% in 2018. The polyethylene segment in the thermoformed containers market is estimated to have market value share of 22.1% in the North American region.

Thermoformed Containers Market: Competitive Landscape

Sonoco Products Company, DS Smith plc, Bemis Company Inc., Berry Global Group, Anchor Packaging Inc., Coveris Holdings S.A., Borealis AG, Huhtamaki Oyj., Silgan Holdings Inc., Pöppelmann GmbH & Co. KG, Universal Plastics Corporation, Pactiv LLC, Lindar Corporation, Sinclair & Rush, Inc., Placon Corporation, Inc., Universal Protective Packaging INC., and Thrace Group.

In this report, Future Market Insights (FMI) offers a 10-year forecast of the global thermoformed containers market between 2019 and 2027. In terms of value, the thermoformed containers market is expected to expand at a CAGR of 4.6% during the forecast period. The study reveals the dynamics of the thermoformed containers market in six geographic regions along with an analysis for the current market environment and future scenario during the forecast period.

Report Description

This Future Market Insights report studies the global thermoformed containers market for the period 2019–2027. The prime objective of this report is to offer insights and key market trends of the global thermoformed containers market that are gradually helping transform global businesses.

The market numbers have been assessed on the basis of consumption and weighted average pricing of thermoformed containers on the basis of product type. The global thermoformed containers market report begins with the executive summary for various categories and their share in the thermoformed containers market. It is followed by the dynamics of the thermoformed containers market and an overview of the global thermoformed containers market, which includes FMI analysis of market drivers, restraints, and trends that are affecting the growth of the thermoformed containers market.

The global thermoformed containers market is segmented as per material type, product type, and end use. On the basis of material type, thermoformed containers are segmented as polyethylene, polypropylene, polyvinyl chloride, polystyrene, and other materials. On the basis of product type, the global thermoformed containers market is categorized as blisters, clamshells, cups & bowls, and trays & lids. By end use, the global thermoformed containers are categorized into food & beverages, pharmaceuticals, personal care & cosmetics, home care products, and electronics & electrical and others.

The next section of the report highlights its USPs which include a value chain describing the raw material manufacturers, thermoformed container manufacturers, distributors, and suppliers in the market. Each section of the value chain consists of some listed examples for better understanding of the whole supply chain. Added to it is the profitability margin validated by the primary interviews conducted by Future Market Insights. Another USP includes data about key participants which is referred to as an intensity mapping analysis. This point contains information about manufacturers, distributors, and suppliers. It also includes their presence in North America, Latin America, Europe, the Asia Pacific excluding Japan, Middle East & Africa, and Japan.

The next section of the report highlights the thermoformed containers market, by region, and provides the market outlook for 2019 – 2027. The study investigates the Y-o-Y growth regionally. The main regions assessed in this report include North America, Latin America, Europe, Asia-Pacific excluding Japan, the Middle East & Africa (MEA), and Japan. Each segment is studied by different regions, to provide more exhaustive details of the thermoformed containers market. The report evaluates the present scenario and growth prospects of the regional thermoformed containers market for 2019 – 2027.

To ascertain the size of the thermoformed containers market in terms of value and volume, the revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the thermoformed containers market. To provide an accurate estimate, we initiated by sizing up the current market, which forms the basis of how the thermoformed containers market is expected to develop in the future. Given the characteristics of the thermoformed containers market, we triangulated the outcome from three different types of analysis - based on the supply side, downstream industry demand, and the economic envelope. Additionally, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse the thermoformed containers market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the thermoformed containers market and identify the right opportunities across the market.

The detailed level of information is essential to identify various key trends in the thermoformed containers market. Another key feature of this report is the analysis of key segments of the thermoformed containers market in terms of absolute dollar opportunity.

Porter’s Analysis is another valuable point in the research report which dictates how the number of manufacturers affects the entire market scenario. Porter’s Analysis covers the level of bargaining power of suppliers, bargaining power of buyers, threat of new entrants, threat of substitutes, and rivalry among all the listed competitors. This analysis shows how a manufacturer should prepare to enter a whole new market. PESTLE analysis includes a political, economic, social, technological, legal, and environmental analysis of all the regions. This analysis dictates the effect of all these factors on the thermoformed containers market. The significance of rigid plastic packaging and its growth scenario can be observed accordingly. A pricing analysis is provided in the report which is examined under different regions and product type segment.

In the final section of the report on the thermoformed containers market, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution in total thermoformed containers market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth evaluation of their capabilities and success in the thermoformed containers marketplace.

Geographical Segmentation of the Thermoformed Containers Market

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Rest of Europe
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
Middle East & Africa
- GCC Countries
- South Africa
- Northern Africa
- Rest of MEA
Japan