The Thermoform Packaging Market Size is fueled by several factors, such as increased utilization of processed and packed foods & beverages. This packaging is light, odor-free, flexible, and moisture-free. thus, it is more favored over other packaged products such as glass.

Segmental Analysis

the global Thermoform Packaging Market Size has been analyzed based on type, material, heat seal coating, and application. Based on the material, the Thermoform Packaging Market Size is segmented into paper & paperboard, plastic, and aluminum. The plastic was accounted for the largest market share in 2016, as it offers high barriers, temperature resistance, cost efficiency, and durable packaging. Plastic in the form of PE, PVC, PP, and others are also used largely in plastic thermoform packaging segment.

Based on the application, the market is classified into pharmaceuticals, food & beverage, electronics, personal care, and others. The food & beverage segment was accounted for the largest market share in 2016. Thermoformed products are essentially used by the food industry for the packing of fruits, vegetables, meat, fish, poultry, in addition to prepared meals, and storage products. Pharmaceutical is also a major application of the thermoform packaging.

Regional Analysis

The global market for thermoform packaging is segmented, on the basis of region, into the Asia Pacific, North America, Europe, and the Middle East and Africa.

North America is another major region in the Thermoform Packaging Market Size, mainly owing to the presence major retail chains such as The Kroger Co. and Walmart Stores. The U.S. contributes to a major share of the North American market.

Competitive Analysis

The major market players operating in the global market as identified by MRFR are Sealed Air Corporation, Bemis Company Inc., E.I. du Pont de Nemours and Company, Display Pack Inc., Tray Pack Corporation, RPC Group Plc, Constantia Flexibles Group GmbH, Anchor Packaging, Tekni-Plex Inc.