The Business Research Company’s Thermoforming Plastic Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Thermoforming Plastic Global Market Report 2023 evaluates thermoforming plastic market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Top 5 Major Key Players Are:
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The anticipated trajectory of the global thermoforming plastic market exhibits a robust growth pattern. It is poised to ascend from its valuation of $63,820.7 million in the year 2027, sustaining a commendable growth rate of 6.8%. Furthermore, this upward momentum is projected to maintain its vigor, with a compound annual growth rate (CAGR) of 9.4% from 2027 onwards. Consequently, it is forecasted to culminate in an impressive market valuation of $99,924.6 million by the year 2032. This promising trend reflects the escalating demand for thermoforming plastics, underpinned by their versatile applications across various industries, offering a lucrative prospect for investors and stakeholders alike.
The growing demand for packaged food will drive the growth of the thermoforming plastic market in the forecast period. Packaged foods include shelf-stable, refrigerated, and frozen products, which are packaged in bags, bowls, bottles, boxes and others. The increasing number of dual household incomes, longer working hours, and the inability to manage own cooked meals have increased the demand for packaged meals, particularly ready-to-eat foods, snacks and beverages. The thermoforming plastic packaging is used to safeguard food products and protects them during transit. For instance, according to the Commonwealth Scientific and Industrial Research Organization (CSIRO), an Australian Government agency, domestic prepared and frozen packaged food consumption will increase to $3.7 billion by 2030 from $2.7 billion in 2018. Moreover, the retail sales of packaged foods in Japan are predicted to reach $235.9 billion by 2026, an increase of 9.1% or $19.6 billion from 2022. Such an increase in demand for packed food will propel the thermoforming plastic market.
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The thermoforming plastic market segments in the report are:
1) By Thermoforming Type: Vacuum Forming, Pressure Forming, Mechanical Forming
2) By Plastic Type: Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Bio-Degradable Polymers, Other Plastic Types
3) By Application: Healthcare And Medical, Food Packaging, Electrical And Electronics, Automotive Packaging, Construction, Consumer Goods And Appliances, Other Applications
The table of contents in TBRC’s thermoforming plastic market report includes:
- Executive Summary
- Table of Contents
- List of Figures
- List of Tables
- Report Structure
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- Competitive Landscape And Company Profiles
- Key Mergers and Acquisitions
- Opportunities And Strategies
- Thermoforming Plastic Market, Conclusions And Recommendations
- Appendix
List Of Tables:
Table 1: Global Thermoforming Plastic Market, Historic, 2017 – 2022, $ Million
Table 2: Global Thermoforming Plastic Market, Forecast, 2022 – 2027, 2032F, $ Million
Table 3: Global Thermoforming Plastic Market, Segmentation By Thermoforming Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
Table 4: Global Thermoforming Plastic Market, Segmentation By Thermoforming Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
Table 5: Global Thermoforming Plastic Market, Segmentation By Plastic Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
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Table 180: Global Thermoforming Plastic Market Size Gain ($ Million), 2022 – 2027, By Country
Table 181: Global Thermoforming Plastic Market Size Gain ($ Million), Segmentation By Thermoforming Type, 2022 – 2027
Table 182: Global Thermoforming Plastic Market Size Gain ($ Million), Segmentation By Plastic Type, 2022 – 2027
Table 183: Global Thermoforming Plastic Market Size Gain ($ Million), Segmentation By Application, 2022 – 2027
Table 184: Thermoforming Plastic – Market Data Sources
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