Thermoform Packaging Market

Thermoform Packaging Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2018-2026
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
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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.
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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