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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
- To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the Global Thermoform Packaging Market
- To provide insights about factors affecting the market growth
- To analyze the Global Thermoform Packaging Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by type, material, application and regions.
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
- Bemis Company, Inc.
- Sonoco Products Company
- I. du Pont de Nemours and Company
- Amcor Limited
- DS Smith Plc.
- WestRock Company
- Display Pack Inc
- Tray Pack Corporation
- Lacerta Group, Inc
- Sealed Air
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