Thermoform Packaging Market to reach USD 82.9 Billion by 2032, Says Global Market Insights inc.
Thermoform Packaging Industry size is expected to register 5.7% CAGR between 2024 and 2032 propelled by growing preference for lightweight and cost-effective packaging.
Selbyville, Delaware , June 11, 2024 (GLOBE NEWSWIRE) — Thermoform Packaging Market value could reach USD 82.9 billion by 2032, as per a
Europe to capture a decent market share
Europe thermoform packaging market will register a robust CAGR from 2024 to 2032. Strict regulations promoting sustainable packaging solutions are pushing manufacturers to adopt thermoform packaging for its recyclability and environmental benefits. Additionally, convenience and contemporary European appeal create a demand for thermoform packaging, which offers easy-to-open and portable solutions. The expansion of trade and e-commerce is driving the need for protective and aesthetically pleasing packaging, which, in turn, will drive the market for thermoformed packaging in the region.
Thermoform Packaging Market Players
Dart Container Corp., Sonoco Products Company, Pactiv LLC, Display Pack Inc., Amcor Plc, Lacerta Group Inc, WestRock Company, RPC Group Plc, Placon Corp, Anchor Packaging, Inc., Constantia, DS Smith Plc, D&W Fine Pack.
Thermoform packaging industry demand is driven by efforts from leading companies aimed at this market. Manufacturers are investing in research and development to develop innovative packaging solutions that meet customer needs for mobility, safety, and product protection. In addition, companies are focusing on customization to meet the needs of industries such as food, pharmaceuticals, and electronics. This effort to provide efficient and cost-effective packaging is driving the thermoform packaging market forward, meeting the growing industry and consumer demand.
In November 2023, Coveris planned to replace non-recyclable materials in food heaters with Monoflex Thermoform. The company’s one-stop solution aims to address this recyclability issue and reduce carbon emissions.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
