Technologies Impacting the Future of Thermoform Packaging

1. Thermoform Packaging Market Analysis By Material (Aluminum, Plastic, and Paper & Paperboard), By Type (Blister Packaging, Clamshell Packaging, Skin Packaging, and Others), By Heat Seal Coating (Solvent-based, Water-based, and Hot Melt-Based), and By End-User Industry By Region &Segment Forecast, 2017 – 2025 Thermoform Packaging Market was estimated at USD 32.16 Billion in 2015, and is anticipated to reach USD 54.22 billion by 2025, growing at a CAGR of 5.60% over the forecast period. Factors including minimal packaging wastes; rising demand in food and beverages sector, retail & pharmaceuticals industries; home & personal care goods is expected to drive the global thermoform packaging market. Thermoforming packaging involves plastic sheets fabrication by heating and converting into a malleable form as per the customer specifcations. Ongoing developments, thermoformed plastics are casted as metal replacements employing heavy gauge process, ofering applications in transportation, aerospace, industrial equipment, medical devices and kiosks centers. Get PDF with Technological trends at https://www.xpodenceresearch.com/Request- Sample/105859 Increasing consumer preferences towards packaged and fresh food is also anticipated to augment market growth. Moreover, macro-economic factors including improvement in standard of living and changes in lifestyle are also projected to boost demand over the forecast period. Advancements in thermoform machine technology, increasing use of polylactic acid (PLA) flms and gradual shift toward lightweight packaging are further likely to deliver lucrative opportunities. Lightweight packaging products require up to 40% less plastic. Furthermore, thermoform material minimizes the packaged weight by more than 50% as compared with the conventional injection-molded plastic or glass packaging products. Packaged weight reduction also aids in efficient shipping. Manufacturers are developing advanced thermoform machine technology to enhance machine cycle speed and deliver better output rates in order to meet the continuous demand from end-users. For instance, Dragon Packaging Company ofers innovative packaging designs for confectionary products. The company has invested nearly USD 2 million dollars in thermoformed machines and increased the production output 20 times.

2. Obtain Report Details with technological advancement at https://www.xpodenceresearch.com/Reports/Thermoform-Packaging-Market Mass manufacturing and cost efectiveness are few reason supporting the traction among food and pharmaceutical sector. However, environmental repercussions related to plastic packaging are major restrain for the market growth. Furthermore, thermoformed material cannot be used for the packaging of heavy materials and cannot bear excess weight, limiting the applications. On the basis of material segment, the report projects the market share, revenue, and growth rate of each type, primarily bifurcated into • Aluminum • Plastic • Paper & Paperboard Based on material segment, plastic has been anticipated for the largest share, owing to the rising application in personal care & cosmetics, food & beverage, and pharmaceuticals industry. The plastics segment is further categorized into polyethylene terephthalate (PET), polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS), polypropylene (PP), and acrylonitrile butadiene styrene (ABS). Based on types, the market has been segmented to illustrate the revenue, market share and growth rate of each type, mainly split into: • Blister Packaging • Clamshell Packaging • Skin Packaging • Others By Heat Seal Coating segment, the market displays the revenue, global share and growth rate of each type, majorly fragmented into: • Solvent-based • Water-based • Hot Melt-Based The solvent-based heat seal coating segment has been projected to acquire the major share owing to the various benefts including water & grease resistance, and strong bond strength processed at diferent temperatures. On the basis of end-users, the market shows the revenue, global share and growth rate of each type, majorly divided into: • Food & Beverage • Electronics • Personal Care & Cosmetics • Pharmaceuticals The food industry is a major application segment predicted to drive global demand over the forecast period owing to superior properties including light weightlessness, fexible, odor-free, moisture-free, and are preferred over wood and glass. Additionally, thermoformed plastics in pharmaceuticals industry are used to manufacture accessories, diagnostic systems, and medical plants. Thermoforming comprises of a manufacturing process to convert 2-D into a 3-D thermo-

3. polymer to be used as pharmaceutical bottles, preflled syringes, and medicine electronics along with capsules and tablets. Globally, the global thermoform packaging industry has been segmented into Europe, North America, Asia Pacifc, the Middle East and Africa and Latin America, with revenue (Billion USD), market share and growth rate for these regions, from 2015 to 2025 (forecast): • North America: U.S., Rest of North America • Europe: Germany, France, UK, rest of Europe • Asia Pacifc: China, Japan, India and Rest of Asia Pacifc • Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA • Latin America: Brazil and Rest of Latin America North America region has been anticipated to lead the growth owing to the rapid industrialization and emerging packaging industry over the forecast period. Growing manufacturers and suppliers of thermoformed plastic products in the region is predicted to enhance the industry. The U.S. is the substantial market for thermoformed packaging production followed by Canada. Asia Pacifc region is estimated to be the fastest growing region. Emerging economies including China and India have been experiencing strong economic growth. Moreover, rising disposable income and booming population have spurred the demand particularly in medical device packaging, and food & beverages sector. The key players of thermoform packaging industry are Amcor Limited, Anchor Packaging, Sonoco Products Company, Placon Corporation, Bemis Company, Inc., Display Pack Inc., Pactiv LLC, Westrock Company, E.I. Du Pont Nemours and Company, and DS Smith PLC. About Us: Xpodence Research is a U.S. based Market Research Company and ofers the most extensive collection of progressive surveying syndicated and customized research reports of various categories for private and public industries across the globe. We ofer the comprehensive market research solution for all the industries by performing the in- depth study of industry trends, verticals globally. We believe in building an eternal bond with our customers through providing them inclusive research study both customized and syndicated based on their specifc requirements. The organizations in every industry such as Technology, Pharmaceuticals, Consumable Goods, Food & Beverage and others demands a market-based solutions for various signifcant decisions based on productivity and output globally. Our services are tailored specifcally to our clients by proposing them the potential outcome, based on our in-depth analysis and insights for exploring the growth strategies through providing the best possible decision for quality production. Contact Us: Xpodence Research 244, Madison Avenue New York City, NY - 10016 United States Toll Free +1- 844-445-2861 Email: sales@xpodenceresearch.com