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Posted by Micheal Jorden on October 12, 2024 at 7:56am 0 Comments 0 Likes
Thermoform packaging is been used by packaging manufacturers for food products. The key drivers of global thermoform packaging market are the increase in spending by consumers for packaged food, cost-effective, environment friendly and growth in food & beverage industry. The growth in population with increasing disposable income demands packaged food products. Materials such as plastic, paper and aluminum are used for thermoform packaging. Pharmaceuticals industry contributes highest to the overall growth of the market. The market is fueled majorly by the demand arising out of Europe, especially Germany. The global thermoform packaging market size was valued at around USD 32 Billion in 2015.
Study Objectives
Regional Analysis
Europe is the largest market for Thermoform Packaging, followed by Asia-Pacific. Developed economies like Germany and UK drive the thermoform packaging market. The reason is attributed to the large consumer base, positive economic environment and increase in manufacturing activities. North America is seen as a stagnant market.
Key Players
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