Us Thermoforming Packaging Technology Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Thermoforming Packaging Technology Market was valued at USD 12.5 Billion in 2022 and is projected to reach USD 20.1 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The United States thermoforming packaging technology market is experiencing significant growth, driven by the increasing demand for lightweight and cost-effective packaging solutions. In 2023, the global thermoform packaging market was valued at approximately USD 50.3 billion and is projected to register a compound annual growth rate (CAGR) of over 5.7% between 2024 and 2032. North America, with the U.S. as a major contributor, generated revenue exceeding USD 19 million in 2023, reflecting the region's mature and technologically advanced packaging industry.
Several factors contribute to this upward trajectory:
Food Packaging Demand: The U.S. has seen a surge in the consumption of packaged foods, driven by urbanization, changing lifestyles, and the prevalence of dual-income households. Thermoformed plastics are favored in this sector due to their durability, lightweight nature, and versatility.
Healthcare Industry Expansion: The medical sector's growth has increased the need for reliable and sterile packaging solutions. Thermoformed plastics are extensively used for medical device enclosures, trays, and protective packaging, ensuring product integrity and safety.
Technological Advancements: Innovations in thermoforming techniques have led to enhanced product designs and functionalities, catering to diverse industry requirements. The adoption of advanced materials and processes has improved the efficiency and appeal of thermoformed packaging.
In my professional experience within the packaging industry, I've observed firsthand how businesses are increasingly opting for thermoformed solutions to meet sustainability goals. The recyclability of materials like PET and the reduction in material usage without compromising strength make thermoformed packaging an environmentally friendly choice. Additionally, the flexibility in design allows for customized packaging solutions that align with brand aesthetics and functionality.
The market's competitive landscape is marked by strategic mergers and acquisitions aimed at expanding product portfolios and market reach. For instance, in June 2019, Amcor Limited acquired Bemis Company, Inc. for a value of US$ 6.8 billion, enhancing its position in the global market. Such consolidations enable companies to leverage combined expertise and resources, fostering innovation and meeting evolving consumer demands.
Looking ahead, the U.S. thermoforming packaging technology market is poised for continued growth. The increasing emphasis on sustainability, coupled with advancements in material science and manufacturing processes, is expected to drive the adoption of thermoformed packaging across various sectors. As industries strive to balance functionality, cost-effectiveness, and environmental responsibility, thermoforming technology stands out as a compelling solution.
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Agoform GmbH
Amcor Plc
Anchor Packaging Inc.
Berry Global Inc.
Blisterpak
Inc.
Brentwood Industries Inc
CJK Thermoforming Solutions
LLC
Constantia Flexibles Group GmbH
D&W Fine Pack LLC
Dart Container Corp.
Display Pack Inc.
Dordan Manufacturing Company
Inc.
DS Smith Plc
Dupont Teijin Films U.S. Limited Partnership
Fabri-Kal Corp.
Genpak LLC
HUHTAMAKI GROUP
Merrill's Packaging
Inc.
Pactiv LLC
Placon Corporation
Plastique Group Limited
Printpack
Inc.
Winpak Ltd.
Sabert Corp.
Sealed Air Corporation
Sonoco Products Company
Tray-Pak Corporation
UFP Technologies
Inc.
Universal Plastics Corporation
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Thermoforming Packaging Technology Market
Plastic
Paper and Paperboard
Metal
Biodegradable Materials
Blister Packs
Clamshells
Trays
Containers
Food and Beverage
Pharmaceuticals
Consumer Goods
Electronics
Cosmetics and Personal Care
Vacuum Forming
Pressure Forming
Twin-Sheet Forming
Cold Forming
Manual Thermoforming
Semi-Automatic Thermoforming
Fully Automatic Thermoforming
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Thermoforming Packaging Technology Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Thermoforming Packaging Technology Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thermoforming Packaging Technology Market, By Type
6. Global Thermoforming Packaging Technology Market, By Application
7. Global Thermoforming Packaging Technology Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Thermoforming Packaging Technology Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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