Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Thermoforming Plastic Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Thermoforming Plastic Market Grow Between 2024 and 2025?
The thermoforming plastic market has experienced considerable growth recently. Its size is projected to increase from $51.78 billion in 2024 to $54.65 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%.
How Much Will the Thermoforming Plastic Market Be Worth in 2029?
The Thermoforming Plastic market is projected to expand to $76.68 billion by 2029, with a compound annual growth rate (CAGR) of 8.8%.
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Which Thermoforming Plastic Market Drivers Are Linked to Revenue Growth?
The key Drivers in the thermoforming plastic market are:
• Rising demand for consumer durables
• Long lifespan of consumer durables
• Usage of thermoforming plastic in manufacturing of consumer durables
• Anticipated growth of the consumer durables industry
Which Segments Are Expected to Grow in the Thermoforming Plastic Market?
The thermoforming plasticmarket covered in this report is segmented –
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
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What Are The Key Trends Impacting Growth In The Global Thermoforming Plastic Market?
The key trends in the thermoforming plastic market are:
• The market is seeing a focus on advanced manufacturing technologies to improve production efficiency and sustainability.
• There is an increased demand for eco-friendly packaging solutions across various industries.
• Advanced thermoforming technologies and innovative shaping methods such as slit-and-fold technology are trending.
• The recycling of PET materials and reduction of waste in manufacturing are emerging trends.
Who Are the Key Competitors in the Global Thermoforming Plastic Market?
The key players in the thermoforming plastic market are:
• Amcor plc
• Pactiv Evergreen Inc
• Berry Global Inc.
• Sonoco Products Company
• Huhtamaki Global
• Dart Container Corporation
• Sabert Corp
• D&W Fine Pack
• Graham Packaging Company
• Genpak LLC
• S.D. International Pvt. Ltd
• Europack Machines Pvt. Ltd
• Zibo Tianheng Nano New Materials Technology Co. Ltd.
• Shandong Top Leader Plastic Packing Co Ltd
• Indu Thermoformers Pvt. Ltd
• Dongguan DiTai Plastic Products CO. Ltd
• Pulixin Packaging Materials
• Plas Tech Ltd
• Thermoform Ltd
• Daventry Thermoforming Ltd
• DS Smith
• COEXPAN
• Kiefel GmbH
• Piovan Group
• AD Plastik Group
• FORTY
• Ina Plastics
• JV RosanPak Ltd
• Silgan Plastics
• Placon Corporation
• Fabri-Kal Corp
• Anchor Packaging
• Sealed Air
• Kruger Inc.
• Mondi Group
• Matritech S.A.C
• ACEBRI
• SABIC Innovative Plastics
• Takween Advanced Industries Co
• Al Wasl Pack
• Mapal Plastics
• Lovell Industries
• Sasol Polymers
• Berry Astrapak
• Powerking Plastics
Where Is the Thermoforming Plastic Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the thermoforming plastic market in 2024
