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.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
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.
Based on material type
- polyvinyl chloride
Based on product type
- cups & bowls
- trays & lids
Based on end use
- food & beverages
- cosmetics & personal care
- home care products
- electronics & electrical
Geographical Segmentation of the Thermoformed Containers Market
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Europe
- Asia Pacific Excluding Japan
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- South Africa
- Northern Africa
- Rest of MEA