In this blog post, we will dive into the world of Thermoform Packaging Industry Statistics. Thermoforming is a popular method for creating packaging solutions, and understanding the key statistics in this industry can provide valuable insights for businesses and consumers alike. Join us as we explore the latest trends, market size, growth projections, and more in the dynamic world of thermoform packaging.
The Latest Thermoform Packaging Industry Statistics Explained
Thermoform Packaging Market size is projected to reach USD 51.37 Billion by 2027.
The statistic that the Thermoform Packaging Market size is projected to reach USD 51.37 Billion by 2027 indicates that the market for thermoform packaging, which involves shaping plastic sheets into packaging containers using heat, is expected to substantially grow over the next few years. This projection suggests an increasing demand for thermoform packaging solutions in various industries such as food and beverage, pharmaceuticals, cosmetics, and electronics. Factors driving this growth may include the rising focus on sustainable packaging materials, convenience in transportation and storage, and cost-effectiveness. As the market continues to expand, companies within the thermoform packaging industry are likely to see opportunities for innovation, expansion, and increased market share.
The compound annual growth rate (CAGR) of the thermoform packaging industry is predicted to be 4.7% from 2021 to 2027.
The compound annual growth rate (CAGR) of 4.7% for the thermoform packaging industry indicates the average annual growth rate the industry is expected to achieve over the period from 2021 to 2027. This growth rate accounts for the compounding effect, meaning that it reflects the steady annual growth based on the previous year’s expanded base through reinvestment of profits. A CAGR of 4.7% suggests a positive outlook for the thermoform packaging industry, signaling a healthy rate of expansion and potential profitability during the specified timeframe. This statistic is significant for industry stakeholders, investors, and decision-makers, as it provides valuable insights into the industry’s performance and growth prospects in the coming years.
The North American market accounted for the largest share of 34.0% in 2019 in the thermoform packaging industry.
This statistic indicates that in 2019, the North American market held the highest proportion of market share within the thermoform packaging industry, with 34.0% of the total market belonging to this region. This signifies that North America was the most significant market for thermoform packaging products in terms of sales or revenue. Factors such as consumer demand, industry trends, and market dynamics likely contributed to North America’s leading position in this sector. Companies operating in the thermoform packaging industry may find this information valuable for strategic decision-making, resource allocation, and market expansion efforts in order to capitalize on the opportunities presented by the North American market.
The food packaging sector is anticipated to reach USD 14.72 Billion by 2027 in thermoforming packaging industry.
The statistic suggests that the food packaging sector, specifically within the thermoforming packaging industry, is projected to experience significant growth, with an anticipated market value of USD 14.72 billion by the year 2027. This indicates a positive outlook for the thermoforming packaging industry’s role in providing packaging solutions for the food sector. The expected increase in market size highlights the importance of efficient and innovative packaging solutions in meeting the packaging needs of the food industry, driven by factors such as changing consumer preferences, technological advancements, and industry regulations.
The pharmaceutical sector in thermoforming packaging is expected to reach USD 5.8 billion by 2027.
The statistic suggests that the pharmaceutical sector’s utilization of thermoforming packaging is projected to experience significant growth, with an anticipated market value of USD 5.8 billion by the year 2027. This forecast implies an increasing trend in the adoption of thermoforming packaging methods within the pharmaceutical industry, likely driven by factors such as the need for cost-effective and efficient packaging solutions, stringent regulatory requirements, and demand for enhanced product safety and quality. The estimated value indicates a substantial market opportunity for companies operating in the thermoforming packaging segment, reflecting the sector’s potential for further expansion and innovation in the coming years.
The market share of blister packaging in 2019 was 37.9% in the thermoform packaging industry.
The statistic indicates that within the thermoform packaging industry in 2019, blister packaging accounted for 37.9% of the total market share. This means that out of all the different types of packaging methods used in the industry, including trays, clamshells, and other forms of thermoform packaging, blister packaging was the most prevalent, capturing a significant portion of the market. This information is valuable for businesses in the industry to understand the competitive landscape and make informed decisions regarding product packaging strategies, marketing efforts, and investments in manufacturing capabilities.
Key players in the thermoform packaging market include Amcor, Bemis, DS Smith, and Sonoco.
The statistic provided highlights key players in the thermoform packaging market, identifying Amcor, Bemis, DS Smith, and Sonoco as prominent companies in the industry. Thermoform packaging plays a crucial role in various sectors such as food, healthcare, electronics, and consumer goods due to its versatility, lightweight nature, and cost-effectiveness. These companies are recognized for their expertise in developing innovative thermoform packaging solutions that meet the diverse needs of clients while also focusing on sustainability and eco-friendly practices. Their market presence signals a strong competitive landscape, driving advancements in technology, design, and materials to cater to evolving consumer preferences and regulatory requirements within the packaging industry.
Europe thermoform packaging market is projected to grow at a CAGR of 5.4% during 2021-2027.
The statistic that the Europe thermoform packaging market is projected to grow at a compound annual growth rate (CAGR) of 5.4% during the period from 2021 to 2027 indicates that the market for thermoform packaging in Europe is expected to experience steady growth over the next six years. This growth rate suggests that the demand for thermoform packaging solutions in Europe is likely to increase, potentially driven by factors such as the rise in the food and beverage industry, increasing emphasis on sustainable packaging solutions, and technological advancements in the sector. The CAGR of 5.4% serves as a valuable metric for investors, businesses, and policymakers to gauge the expected growth trajectory of the Europe thermoform packaging market and make informed decisions accordingly.
Plastics segment of the thermoform packaging industry is poised to offer significant growth opportunities, predicting a CAGR of 5.1% between 2021 and 2027.
The statistic suggests that the plastics segment within the thermoform packaging industry is expected to experience substantial growth prospects in the near future. The Compound Annual Growth Rate (CAGR) of 5.1% forecasted between 2021 and 2027 indicates a steady and relatively strong increase in market size and business potential within this specific sector. This prediction signifies a positive outlook for companies operating in the plastics segment of the thermoform packaging industry, indicating opportunities for expansion, profitability, and market competitiveness over the stated period.
The trays segment in thermoform packaging accounted for a 23.95% market share in 2020 and is expected to grow further.
The statistic reveals that in 2020, the trays segment within the thermoform packaging industry held a market share of 23.95%, indicating its prominence in the market. Furthermore, the statement suggests that this segment is likely to experience further growth in the foreseeable future. This growth projection implies an increasing demand for trays as a preferred packaging solution within the industry. Factors driving this growth could include the versatility, cost-effectiveness, and sustainability features of thermoform trays, making them a popular choice among consumers and businesses. Overall, the statistic highlights the current significance and potential expansion of the trays segment within the thermoform packaging market.
By the end of 2020, the market size for thermoform packaging in China had reached USD 9.23 Billion.
The statistic indicates that by the end of 2020, the market size for thermoform packaging in China had grown substantially to reach USD 9.23 billion. This figure represents the total value of all thermoform packaging products sold in the Chinese market throughout the year. The increase in market size suggests a growing demand for thermoform packaging in China, which could be driven by factors such as increased consumer awareness of sustainable packaging options, the rise of e-commerce leading to higher usage of packaging materials, and advancements in technology and manufacturing processes making thermoform packaging more cost-effective and efficient. This data is valuable for businesses operating in the thermoform packaging industry as it can help them understand market trends, make informed business decisions, and develop strategies to capitalize on the growing market opportunities in China.
Thermoform packaging in the food and beverage industry is expected to hold dominance with a market share of 40.3% by 2027.
The statistic indicates that thermoform packaging is projected to maintain a prominent position within the food and beverage industry, capturing a market share of 40.3% by the year 2027. This suggests that thermoform packaging, which involves shaping plastic sheets through heat and pressure to create various types of containers and packaging solutions, is anticipated to be preferred over other packaging methods in the industry. The high market share forecast highlights the confidence in thermoform packaging’s ability to meet the evolving needs of the food and beverage sector, such as convenience, sustainability, and cost-effectiveness. This statistic implies that thermoform packaging is likely to play a pivotal role in shaping the future of packaging solutions within the food and beverage industry in the coming years.
The global thermoformed plastic packaging industry is expected to generate around USD 18.9 billion by the end of 2025.
The statistic indicates that the global thermoformed plastic packaging industry is projected to reach a total market value of approximately USD 18.9 billion by the end of 2025. This forecast suggests a significant growth trend in the industry over the coming years, driven by factors such as increasing demand for convenient and sustainable packaging solutions across various sectors. The projected value serves as an indication of the industry’s potential economic impact and the opportunities for growth and investment within the thermoformed plastic packaging market.
Clamshell packaging held over 20% revenue share in 2019 in the global thermoform packaging market.
The statistic ‘Clamshell packaging held over 20% revenue share in 2019 in the global thermoform packaging market’ indicates that clamshell packaging, a type of packaging characterized by its hinged design that securely encloses a product, accounted for a significant portion of total revenue within the thermoform packaging sector in 2019. This suggests that clamshell packaging was a popular choice for packaging various products globally, reflecting its appeal to businesses and consumers. The statistic underscores the importance and dominance of clamshell packaging within the thermoform packaging market, signifying its strong market presence and contribution to the industry’s overall revenue generation in 2019.
PET (Polyethylene Terephthalate) based thermoform packaging market was over USD 12 billion in 2019.
The statistic provided indicates that the market size for PET (Polyethylene Terephthalate) based thermoform packaging reached over USD 12 billion in 2019. This suggests that the demand and consumption of PET thermoform packaging products, which are commonly used for food and beverage packaging, personal care products, and other consumer goods, was significant and valued at a substantial level in the global market. The figure of USD 12 billion represents the total revenue generated from the sale of PET thermoform packaging products in 2019, reflecting the industry’s economic importance and indicating a strong market presence for this particular type of packaging material.
The electronics sector is projected to be the fastest growing end-user of thermoform packaging, with a CAGR of 4.8% through 2027.
The statistic indicates that the electronics sector is expected to experience significant growth in its use of thermoform packaging over the next several years, with a Compound Annual Growth Rate (CAGR) of 4.8% through 2027. This suggests an increasing demand for thermoform packaging in the electronics industry, likely driven by factors such as the growing popularity of electronic devices, advancements in technology leading to more complex product designs that require specialized packaging, and a rising trend towards sustainable and eco-friendly packaging solutions. The higher CAGR compared to other sectors implies that the electronics industry will be a key driver in the overall growth of the thermoform packaging market in the coming years.
By 2027, the market size for thermoform packaging in India is predicted to reach USD 1.7 Billion.
The statistic suggests that the market size for thermoform packaging in India is expected to grow significantly, reaching a value of USD 1.7 billion by the year 2027. This indicates a growing demand and prominence of thermoform packaging within the Indian market. The projected value signifies the total revenue generated by the sales of thermoform packaging products in India, highlighting a potential opportunity for businesses operating in this sector. Factors such as increasing consumer preference for convenient and lightweight packaging solutions, as well as the growth of various industries utilizing thermoform packaging, are likely driving this anticipated market expansion. Overall, the statistic paints a positive outlook for the thermoform packaging industry in India over the coming years.
The growing environmental concerns are pushing the thermoform packaging market to switch towards the use of biodegradable polymers, bringing in new market opportunities.
The statistic indicates that increasing awareness and concerns about the environment are driving changes in the thermoform packaging market towards the adoption of biodegradable polymers. As more companies and consumers seek eco-friendly alternatives, there is a growing demand for packaging solutions that are sustainable and environmentally friendly. This shift presents new market opportunities for companies that can offer biodegradable polymer solutions, as they are well-positioned to meet the changing preferences and requirements of both businesses and consumers in an increasingly environmentally conscious market landscape.
References
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