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thermoform packaging market

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North America and Europe are the largest thermoform packaging market due to high disposable incomes in the regions. Moreover, a preference for packaged food and disposable products are also driving growth of the market
Thermoform Packaging Industry Insights
Thermoforming is the process of molding material (plastic, aluminum, wood, and rubber)
into desired shape to create packaging containers. It is a cost effective process, which allows
molding of large size containers from sheets. Moreover, thermoform packaging can be
customized into various shapes and sizes. Printing can be done after molding to make
products aesthetically appealing.
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Cost effectiveness and ability for mass manufacturing make it a popular choice among the
industries such as food and pharmaceutical. However, environmental repercussions of using
plastic packaging is major challenge for growth of the market. Moreover, thermoformed
material cannot bear excess weight and cannot be used for the packaging of heavy materials.
Skin packaging segment is gaining significant traction due to its properties such as high
durability, toughness, improved aesthetics, and lower material use over conventional blister
packaging. Plastic is widely used for manufacturing of thermoform packaging due to its wide
availability and cheap material cost. Clamshell packaging is used for consumer goods. They
are usually transparent to ensure that the consumer can see the contents of the packaging.
Whereas, blister cards are used in pharmaceutical industry and are manufactured by heat
sealing a sheet foil. Food and beverage industry is the largest end user of this market, owing
to its ability of customize according to the requirement. Its durability ensures product is not
damaged and contamination is prevented.
Thermoform Packaging Market Outlook
North America and Europe are the largest markets for thermoformed packaging due to high
disposable incomes in the regions. Moreover, a preference for packaged food and disposable
products are also driving growth of the market.
Asia Pacific is the fastest growing market with the world’s largest population in India and
China, which in turn is boosting demand for food, beverages, pharmaceuticals, and
electronics. These countries are also growing as manufacturing hubs for pharmaceuticals and
electronics due to low cost of labor and raw material. According to International Monetary
Fund (IMF), the Asia Pacific region accounted for 50% of the world’s GDP and is projected
to become a prime consumer hub over the forecast period.
Increasing income of population in Latin America and high consumption of packaged food
and beverages is fueling growth of the market.
The Middle East and Africa are fastest growing region in this markets, owing to large
working migrant population in GCC countries and fast growing economies in Africa, which
in turn are driving growth of the market.
New thermoforming technique called as ‘Computational Thermoforming’ has come up as an
alternative to 3D printing. It was developed by Zurich-based Interactive Geometry Lab in
2016. This largely cuts down time required for manufacturing special purpose packaging.
Adoption of this technology is expected to restrain growth of the market over the forecast
period.
Key Players in the Thermoform Packaging Market
Key Players operating in thermoform packaging market include Amcor Limited, Bemis
Company, Inc., WestRock Company, E.I. du Pont de Nemours and Company, DS Smith Plc.,
Constantia Flexibles GmbH, Sonoco Products Company, Anchor Packaging, Tekni-plex Inc.,
G. Mondini S.p.A, and Display Pack Inc.
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