Global Thermoform Packaging Market Size is valued at USD 54.5 Billion in 2024 and is predicted to reach USD 95.9 Billion by the year 2034 at an 5.9% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
Thermoform packaging is biodegradable, largely constructed from different plastic packaging materials with synthetic bases. This packaging is well renowned for its simple shape, size, and design modification options, which have several shipping applications across sectors. Increasing environmental conservation awareness and the consumer trend toward sustainable products drive the worldwide thermoforming packaging market.
Furthermore, the thermoforming packaging market is anticipated to be driven by elements like the prohibition of single-use plastics and state officials' regulatory framework to stop plastic pollution. The sales of thermoforming packaging are projected to expand soon due to their important contribution to reducing plastic waste. Although flexible packaging uses fewer resources and is simpler to carry and handle, its popularity among end-use companies encourages them to do so. This aspect is expected to restrict market growth over the foreseeable timeframe.
Escalating ecological consequences, customer needs for sustainability, a strict regulatory environment, and advantageous governmental policies are driving the global different heat treatment packaging market. Due to environmental concerns, implementing thermoforming packaging is a crucial first step in reducing plastic usage. The market is projected to grow in the next years due to the benefits of different heat treatment packaging, such as its decreased carbon impact and simplicity in recycling.
The top competitors in the biodegradable water bottle market should concentrate on new developments and broaden their product offerings to gain a competitive advantage in the current market environment. They could also increase their R&D by concentrating on innovative and affordable products. Consumer awareness of environmental protection and custom packaging trends drive the global thermoforming market.
The thermoform packaging market is bifurcated based on material, product and heat seal coating and end users. Based on material, the market is segmented as PET, PVC, PS, PP, PE and others. Based on product, the market is segmented as blister, clamshell, skin packaging, trays & lids, and containers. Based on heat seal coating, the market is segmented as solvent-based, hot melt-based, and water-based. By End-user, the market is divided into food & beverage, pharmaceuticals, electronics, personal care & cosmetics, homecare, and others.
The blister category is expected to hold a major share of the global thermoform packaging market in 202 due to its extensive use in aesthetic and personal care, electronics, and industrial applications. Because blister thermoformed packaging is typically transparent and simple to print, customers can view the products inside and learn more about them. It is a practical packaging technique for showcasing goods, having several uses in technology and pharmaceutical products. Because blister packaging is lightweight and has great moisture and water resistance, it is ideal for various packing applications for food and beverage products. Blister packaging is frequently used in electronics to packaging products, including chargers, headsets, and accessories.
The food and beverages segment are projected to grow rapidly in the global thermoform packaging market. The importance of packaging to the food and beverage industry is enormous. The fundamental benefit of thermoform packaging is the ability to draw thin sheets in the precise size and shape needed to get the desired outcomes. Due to their flexibility, manufacturers of food and beverage products are becoming increasingly interested in thermoformed products. Blister packaging, canisters, trays, and bottles are examples of thermoformed packaging that have been utilized to adapt to shifting consumer tastes and eating patterns. The requirement for thermoplastic trays for food packaging is rising globally.
The North America thermoform packaging market is projected to register the highest market share. Due to the region's significant organized retail sector penetration and extensive presence of large-scale packaged food corporations. A further factor supporting the market expansion in the area is the presence of sizable thermoform packaging manufacturers committed to providing consumers with cutting-edge goods. The rising demand for products like packaged pastries and frozen meat, among other things, also aids the market expansion in North America. In addition, the Asia Pacific region is anticipated to grow rapidly in the global thermoform packaging market. The region's market is being pushed by two factors: expanding urbanization and rising product demand across various end-use sectors, including food & beverage, personal care, and cosmetics.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 54.5 Billion |
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Revenue forecast in 2034 |
USD 95.9 Billion |
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Growth rate CAGR |
CAGR of 5.9% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Mn, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Material, Product And Heat Seal Coating And End Users |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Sonoco Products Company, Placon Corp., Display Pack, Inc., Pactiv LLC, Amcor, Mondi Group, Dart Container Corp., Constantia, Tray-Pak Corp., D&W Fine Pack and Lacerta Group, Inc. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Thermoform Packaging Market Snapshot
Chapter 4. Global Thermoform Packaging Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Material Estimates & Trend Analysis
5.1. by Material & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Material:
5.2.1. PET
5.2.2. PVC
5.2.3. PS
5.2.4. PP
5.2.5. PE
5.2.6. Others
Chapter 6. Market Segmentation 2: by Product Estimates & Trend Analysis
6.1. by Product & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product:
6.2.1. Blister
6.2.2. Clamshell
6.2.3. Skin Packaging
6.2.4. Trays & Lids
6.2.5. Containers
6.2.6. Others
Chapter 7. Market Segmentation 3: by Heat Seal Coating Estimates & Trend Analysis
7.1. by Heat Seal Coating & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Heat Seal Coating:
7.2.1. Hot Melt-Based
7.2.2. Solvent-Based
7.2.3. Water-Based
Chapter 8. Market Segmentation 4: by End User Estimates & Trend Analysis
8.1. by End User & Market Share, 2024 & 2034
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses: 2021 to 2034 for the following by End User:
8.3. 2021 to 2034 for the following by End User:
8.3.1. Food & Beverage
8.3.2. Personal Care & Cosmetics
8.3.3. Pharmaceuticals
8.3.4. Electronics
8.3.5. Homecare
8.3.6. Others
Chapter 9. Thermoform Packaging Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Material, 2021-2034
9.1.2. North America Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
9.1.3. North America Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Heat Seal Coating, 2021-2034
9.1.4. North America Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
9.1.5. North America Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.2. Europe
9.2.1. Europe Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Material, 2021-2034
9.2.2. Europe Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
9.2.3. Europe Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Heat Seal Coating, 2021-2034
9.2.4. Europe Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
9.2.5. Europe Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.3. Asia Pacific
9.3.1. Asia Pacific Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Material, 2021-2034
9.3.2. Asia Pacific Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
9.3.3. Asia-Pacific Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Heat Seal Coating, 2021-2034
9.3.4. Asia-Pacific Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
9.3.5. Asia Pacific Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.4. Latin America
9.4.1. Latin America Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Material, 2021-2034
9.4.2. Latin America Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
9.4.3. Latin America Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Heat Seal Coating, 2021-2034
9.4.4. Latin America Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
9.4.5. Latin America Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.5. Middle East & Africa
9.5.1. Middle East & Africa Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Material, 2021-2034
9.5.2. Middle East & Africa Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
9.5.3. Middle East & Africa Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by Heat Seal Coating, 2021-2034
9.5.4. Middle East & Africa Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
9.5.5. Middle East & Africa Thermoform Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Amcor
10.2.2. Constantia
10.2.3. D&W Fine Pack
10.2.4. Dart Container Corp.
10.2.5. Display Pack, Inc.
10.2.6. Lacerta Group, Inc.
10.2.7. Mondi Group
10.2.8. Pactiv LLC
10.2.9. Placon Corp.
10.2.10. Rompa Group
10.2.11. Sinclair & Rush, Inc.
10.2.12. Sonoco Products Company
10.2.13. Tray-Pak Corp.
10.2.14. Other Prominent Players
Thermoform Packaging Market By Material:
Thermoform Packaging Market By Product:
Thermoform Packaging Market By Heat Seal Coating:
Thermoform Packaging Market By End User:
Thermoform Packaging Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
