The Thermoforming Plastic Global Market Report 2021-31 by The Business Research Company describes and explains the global thermoforming plastic market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Thermoforming Plastic Global Market Report 2022 covers thermoforming plastic market drivers, thermoforming plastic market trends, thermoforming plastic market segments, thermoforming plastic market growth rate, thermoforming plastic market major players, and thermoforming plastic market size.
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The thermoforming plastic market report provides in-depth analysis of the impact of COVID-19 on the global thermoforming plastic industry along with revised market numbers due to the effects of the coronavirus and the expected thermoforming plastic market growth numbers for 2022-2031.
The global thermoforming plastic market size is expected to grow from $42.27 billion in 2021 to $45.45 billion in 2022 at a compound annual growth rate (CAGR) of 7.5%. The global thermoforming plastic market share is expected to grow to $57.27 billion in 2026 at a CAGR of 6%.
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Thermoforming Plastic Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the thermoforming plastic market segments-
1) By Thermoforming Type: Vacuum Forming, Pressure Forming, Mechanical Forming
2) By Process: Plug Assist Forming, Thick Gauge Thermoforming, Thin Gauge Thermoforming, Vacuum Snapback
3) By Plastic Type: Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Bio-Degradable Polymers, Others
4) By Application: Healthcare and Medical, Food Packaging, Electrical and Electronics, Automotive Packaging, Construction, Consumer Goods and Appliances, Others
The table of contents in TBRC’s thermoforming plastic market report includes:
1. Executive Summary
2. Thermoforming Plastic Market Characteristics
3. Thermoforming Plastic Market Trends And Strategies
4. Impact Of COVID-19 On Thermoforming Plastic
5. Thermoforming Plastic Market Size And Growth
.....
26. Africa Thermoforming Plastic Market
27. Thermoforming Plastic Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Thermoforming Plastic Market
29. Thermoforming Plastic Market Future Outlook and Potential Analysis
30. Appendix
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The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/61573/global-thermoforming-plastic-packing-2020-523Segment by Type, the Thermoforming Plastic Packing market is segmented into:Vacuum FormedPressure FormedMechanical FormedSegment by Application:Healthcare and PharmaceuticalsFood PackagingAgricultural PackagingGlobal Thermoforming Plastic Packing Market: Regional AnalysisThe Thermoforming Plastic Packing market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Thermoforming Plastic Packing market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Thermoforming Plastic Packing Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market.
The significance of packaging in the global F&B industry attests that leading food manufacturing companies in the world continue to be concerned with the materials used wrapping edibles. Injection molding and thermoforming are the predominant process used for packaging food and beverages. Recently, the rate at which thermoforming plastics is proliferating the food and beverages industries has been gaining momentum. The relatively low production costs procured for thermoforming plastics, compared to injection molding, and flexibility in terms of appearance have urged the demand, particularly among food & beverages industries. Thin gauge thermoforming plastics are being used in the production of containers, cups, lids, and other packaging products present in the retail market for food and beverages.
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Next to personal care, food & beverages industries are likely to be a prominent application for thermoformed plastics. The global market for thermoforming plastics in food & beverages industry is expected to record a market value of US$ 11.2 billion by the end of 2016. According to the report compiled by Research Report Insights (RRI), titled “Thermoformed Plastic Products in Food & Beverages Industry Through 2024,” the global F&B thermoformed plastics market is projected to exhibit expansion at a steady CAGR of 4.2% by the end of forecast period of 2016-2024.
Soaring demand for packaged mineral water, bottled carbonated drinks, milk, and fruit juices has influenced the global market, rendering thermoforming plastics as a widely-preferred packaging method for food products and beverages. Contrastively, the alarming impact of plastic dumping on the global environment is stridently curbing the consumption in global F&B thermoforming plastics market. Products categorized as synthetic thermoformed plastics and biodegradable thermoformed plastics are penetrating the packaging industry for food products, especially the synthetic products segment; which is slated to dominate the global market by accounting for over 85% share of global market revenues during the forecast period. Application of thermoforming plastics in food & beverages industry will account for nearly 35% of the global F&B thermoforming plastics market.
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Europe is estimated to account for over 30% share of global market revenue in 2016 and beyond, while Asia Pacific’s F&B thermoforming plastics market will contribute to 25% of the gross global market share and register expansion at 5.3% CAGR through 2024. The competitive landscape in the global F&B thermoforming plastics market is indicating healthy collaboration which is evident in recent business expansion updates such as leading plastic manufacturer Amcor Rigid Plastic seeking acquisition of Sonoco Products Co., which produces containers for food & beverages, and personal care products. Such dealings project higher use of thermoforming plastics in specialty foods market, an untapped opportune application in the global F&B thermoforming plastics market. For a similar instance, Thermoforming Systems LLC, a European plastics packaging leader, advanced their disposable food packaging businesses and food service applications by investing over a million dollars on a thermoforming equipment factory in North America, which is indicative of growth in North America’s F&B thermoforming plastics market. Some leading participants in the global F&B thermoforming plastics market, profiled in the report, include, Clear Lam Packaging, Inc., Anchor Packaging, Inc., Tray-Pak Corporation, Berry Plastics Corporation, D&W FINE PACK, Placon, Reynolds, HUHTAMAKI GROUP, and Silgan Holdings, Inc., among others.
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