Thermoforming Packaging Market Size:
The Thermoforming Packaging Market is expected to grow from US$55.350 billion in 2025 to US$68.417 billion in 2030, at a CAGR of 4.33%.
Thermoforming is the process of heating a sheet of plastic until its softening point to form a specific shape in a mold. The key industry driving the demand for thermoforming packaging are the food and beverage, electronics, pharmaceuticals, and cosmetics among others. Growing food and beverage industry along with rising consumption of packed food is expected to drive the thermoforming packaging market. Furthermore, the increasing pharmaceutical industry coupled with the growing demand for blister packaging for carrying and storing of medicines through specific designs and specifications is anticipated to boost the demand for thermoforming packaging solutions. In addition, the increasing use of thermoforming packaging in electronics and other products owing tits light weight and attractive design feature is projected to drive the market. Furthermore, technological developments and increased R&D is expected to create opportunities for market growth during the forecast period.
Thermoforming Packaging Market Drivers:
- Growing food and beverage industry.
- Growing demand in the pharmaceutical sector.
Thermoforming Packaging Market Restraint:
- Stringent government rules regarding plastic use
The major players profiled in the thermoforming packaging market include Amcor Limited, Bemis Company Inc., SonocProducts Company, Fabri-Kal, Genpack LLC, CJK Thermoforming Solutions LLC, Placon Corporation, VisiPak (Parent company-Sinclair and Rush Inc.), BlisterPak Inc., Berry Global Inc., AGOFORM GmbH, Dordan Manufacturing Company.
Segmentation
The thermoforming packaging market has been analyzed through the following segments:
- By Material
- Plastic
- Paper and Fibre
- Aluminum
- By Type
- Clamshell packaging
- Blister packaging
- By End-User
- Pharmaceuticals
- Food and Beverage
- Electronics
- Cosmetics
- Others
- By Geography
- North America
- South America
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others