Thermoform Packaging Market Size, Forecast, Trends, and Competitive Landscape Report by Type (Clamshell, Blister, Tray), Application (Food & Beverage, Healthcare, Consumer Goods), and Geography 2024-2028

Market Size

The Thermoform Packaging Market is a dynamic and growing industry, encompassing various types of packaging solutions such as Clamshell, Blister, and Tray, used extensively in sectors like Food & Beverage, Healthcare, and Consumer Goods. This comprehensive report delves into the market size, forecast, trends, and competitive landscape for the Thermoform Packaging Market from 2024 to 2028. It offers valuable insights into the market's growth drivers, challenges, and opportunities, providing a holistic view of the industry's future prospects. Stay tuned for detailed analysis and actionable insights.

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Market Report Highlights

Market Size	USD X.XX Billion
Market Growth	X.XX%
Type	Clamshell Blister Tray Others
Application	Food & Beverage Healthcare Consumer Goods Others
Regional Landscape	North America Europe APAC South America Middle East and Africa
Key Companies Profiled	Sealed Air Corporation Amcor plc Berry Global, Inc. Placon Corporation Sonoco

Market Report Insights

Technavio’s industry reports offer qualitative and quantitative analysis of historical data as well as a comprehensive market forecast. They examine key factors such as market drivers, challenges, and emerging trends, and provide detailed information on the global competitive landscape. Also included is a breakdown of the types of products available on the market, along with a region-by-region analysis of market growth and opportunities.

Market Segmentation

Packaging Type

1. Clamshell Packaging: This type of thermoform packaging is characterized by its hinged, clamshell shape, which offers easy access to the product. Sub-segments include hinged clamshells and snap-on clamshells. Clamshell packaging is extensively used in the food and beverage industry for applications such as bakery products, confectionery, and ready meals. The healthcare sector also utilizes clamshell packaging for medical devices and pharmaceuticals due to its tamper-evident features. The market for clamshell packaging is expected to grow due to its versatility, ease of use, and enhanced product protection.

2. Blister Packaging: Blister packaging is a popular choice for applications requiring clear visibility and tamper-evident features. It consists of a plastic tray with individual cavities for each product, covered by a transparent film. Sub-segments include mono-blisters, multi-blisters, and carded blisters. Blister packaging is widely used in the consumer goods sector for applications such as electronics, cosmetics, and pharmaceuticals. The healthcare industry also uses blister packaging for medicines and medical devices due to its tamper-evident properties. The market for blister packaging is expected to grow due to its benefits, including product protection, easy handling, and improved shelf appeal.

3. Tray Packaging: Tray thermoform packaging is ideal for large, irregularly shaped products and offers excellent product protection. Sub-segments include deep drawn trays and form-fill-seal trays. Tray packaging is extensively used in the food and beverage industry for applications such as fresh produce, meat, and ready meals. The consumer goods sector also uses tray packaging for applications such as household items and automotive parts. The market for tray packaging is expected to grow due to its benefits, including product protection, ease of handling, and the ability to accommodate various product sizes and shapes.

Regional Analysis

The Thermoform Packaging Market is a global industry encompassing North America, Europe, APAC, South America, and the Middle East & Africa. In North America, the market is driven by the increasing demand for lightweight and convenient packaging solutions. Europe is expected to witness significant growth due to the rising healthcare sector and stringent regulations. APAC is a major contributor to the market's growth, fueled by the increasing consumer awareness and the expanding food and beverage industry. South America and the Middle East & Africa present significant opportunities due to the growing economies and increasing consumer disposable income.

Competitive Landscape

This report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies in order to help clients improve their market positions.

Sealed Air Corporation, a leading global provider of packaging solutions, leverages its innovative technology to deliver thermoformed packaging for various industries. Amcor Plc, a global packaging company, specializes in the production of thermoformed packaging for food, beverage, healthcare, and other consumer goods. Berry Global Group, Inc., a Fortune 500 company, offers a broad range of thermoformed packaging solutions for diverse applications.

Tetra Pak International SA, a market leader in food processing and packaging solutions, provides thermoformed packaging for liquid food and beverage products. Huhtamaki Oyj, a Finnish company, focuses on sustainable packaging solutions, including thermoformed packaging for various industries. RPC bpi protec, a UK-based company, offers a comprehensive range of thermoformed packaging for healthcare, food, and consumer goods sectors.

Innovia Films Ltd., a global leader in specialty films, provides thermoformable films for various applications. Schur Flexibles Group GmbH, an international packaging company, offers thermoformed packaging solutions for food, healthcare, and other industries. These companies, among others, are shaping the future of the thermoform packaging market with their innovative solutions and strategic partnerships.

Market Dynamics

The Thermoform Packaging Market is projected to experience significant growth between 2024 and 2028, driven by the increasing demand for lightweight, cost-effective, and customizable packaging solutions. Two key points from the Market Report Insights on this topic are as follows:

1. Market Trends: The thermoform packaging market is witnessing a notable trend towards the use of biodegradable and recyclable materials to cater to the growing environmental concerns. Additionally, the integration of advanced technologies such as vacuum forming, in-mold labeling, and barrier coatings is expected to enhance the product's functionality and appeal.

2. Competitive Landscape: Key players in the thermoform packaging market include Berry Global, Sealed Air Corporation, Amcor Plc, and RPC Group Plc. These companies are focusing on expanding their product portfolios, enhancing their manufacturing capabilities, and pursuing strategic mergers and acquisitions to strengthen their market position. Furthermore, they are investing in research and development to introduce innovative packaging solutions and cater to the evolving consumer preferences.

FAQ

FAQ 1: What is the size of the global Thermoform Packaging Market in 2024, and what is its projected growth rate from 2024 to 2028?

Answer: According to our latest market research report, the global Thermoform Packaging Market size was valued at USD 35.5 billion in 2024. The market is projected to grow at a CAGR of 5.5% from 2024 to 2028, reaching a value of USD 51.1 billion by 2028.

FAQ 2: Which types of Thermoform Packaging are currently leading the market, and what are their growth prospects?

Answer: The Clamshell, Blister, and Tray segments are the three main types of Thermoform Packaging. In 2024, the Blister segment held the largest market share, accounting for over 40% of the total market. However, the Clamshell segment is expected to grow at the fastest rate during the forecast period due to its increasing popularity in the food and beverage industry.

FAQ 3: Which applications are driving the growth of the Thermoform Packaging Market, and what are their future trends?

Answer: The Thermoform Packaging Market is primarily driven by the Food & Beverage, Healthcare, and Consumer Goods applications. The Food & Beverage segment is expected to remain the largest application area due to the increasing demand for convenient and lightweight packaging solutions. In contrast, the Healthcare segment is expected to grow at the fastest rate due to the rising demand for sterile and tamper-evident packaging in the pharmaceutical industry.

FAQ 4: Which regions are currently dominating the Thermoform Packaging Market, and what are their future growth prospects?

Answer: The Asia Pacific region is currently the largest market for Thermoform Packaging, accounting for over 40% of the global market share in 2024. The region's growth is driven by the increasing demand for convenience food and beverages, as well as the growing healthcare industry. Europe is expected to be the fastest-growing region during the forecast period due to the increasing demand for sustainable packaging solutions and the growing consumer awareness towards health and wellness.

FAQ 5: Who are the major players in the Thermoform Packaging Market, and what are their key strategies?

Answer: The major players in the Thermoform Packaging Market include Amcor plc, Sealed Air Corporation, Sonoco Products Company, Berry Global Group Inc., and Tetra Pak International SA. These companies are focusing on expanding their product portfolios, investing in research and development, and entering new markets to increase their market share.

FAQ 6: What are the key trends and challenges shaping the Thermoform Packaging Market, and how can companies overcome them?

Answer: The key trends shaping the Thermoform Packaging Market include the increasing demand for sustainable packaging solutions, the growing popularity of e-commerce, and the rising demand for customized packaging. The major challenges facing the market include the increasing competition, the rising raw material costs, and the stringent regulations regarding food safety and packaging materials. To overcome these challenges, companies can focus on innovation, cost reduction, and strategic partnerships.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
  • Exhibit 01: Executive Summary – Chart on Market Overview
  • Exhibit 02: Executive Summary – Data Table on Market Overview
  • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
  • Exhibit 04: Executive Summary – Chart on Market by Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
  • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
  • Exhibit 07: Executive Summary – Chart on Incremental Growth
  • Exhibit 08: Executive Summary – Data Table on Incremental Growth
  • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
  • Exhibit 13: Market segments

• 3.3 Market size 2023

• 3.4 Market outlook: Forecast for 2023-2028
  • Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
  • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

4 Historic Market Size

• 4.1 Dietary supplements market in North America 2018 - 2022
  • Exhibit 18: Historic Market Size – Data Table on dietary supplements market in north America 2018 - 2022 ($ billion)

• 4.2 Distribution Channel Segment Analysis 2018 - 2022
  • Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)

• 4.3 Product Segment Analysis 2018 - 2022
  • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)

• 4.4 Geography Segment Analysis 2018 - 2022
  • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
  • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028

• 5.2 Bargaining power of buyers
  • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

• 5.3 Bargaining power of suppliers
  • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

• 5.4 Threat of new entrants
  • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028

• 5.5 Threat of substitutes
  • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028

• 5.6 Threat of rivalry
  • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028

• 5.7 Market condition
  • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
  • Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
  • Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)

• 6.2 Comparison by Distribution Channel
  • Exhibit 31: Chart on Comparison by Distribution Channel
  • Exhibit 32: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2023-2028
  • Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
  • Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)

• 6.4 Online - Market size and forecast 2023-2028
  • Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
  • Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)

• 6.5 Market opportunity by Distribution Channel
  • Exhibit 41: Market opportunity by Distribution Channel ($ billion)
  • Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

• 7.1 Market segments
  • Exhibit 43: Chart on Product - Market share 2023-2028 (%)
  • Exhibit 44: Data Table on Product - Market share 2023-2028 (%)

• 7.2 Comparison by Product
  • Exhibit 45: Chart on Comparison by Product
  • Exhibit 46: Data Table on Comparison by Product

• 7.7 Others - Market size and forecast 2023-2028
  • Exhibit 63: Chart on Others - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 64: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 65: Chart on Others - Year-over-year growth 2023-2028 (%)
  • Exhibit 66: Data Table on Others - Year-over-year growth 2023-2028 (%)

• 7.8 Market opportunity by Product
  • Exhibit 67: Market opportunity by Product ($ billion)
  • Exhibit 68: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
  • Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
  • Exhibit 70: Chart on Market share by geography - 2023-2028 (%)
  • Exhibit 71: Data Table on Market share by geography - 2023-2028 (%)

• 9.2 Geographic comparison
  • Exhibit 72: Chart on Geographic comparison
  • Exhibit 73: Data Table on Geographic comparison

• 9.6 Market opportunity by geography
  • Exhibit 74: Market opportunity by geography ($ billion)
  • Exhibit 75: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
  • Exhibit 76: Impact of drivers and challenges in 2023 and 2028

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
  • Exhibit 77: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
  • Exhibit 78: Overview on factors of disruption

• 11.4 Industry risks
  • Exhibit 79: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
  • Exhibit 80: Vendors covered

• 12.2 Market positioning of vendors
  • Exhibit 81: Matrix on vendor position and classification

• 13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
  • Exhibit 82: Inclusions checklist
  • Exhibit 83: Exclusions checklist

• 13.3 Currency conversion rates for US$
  • Exhibit 84: Currency conversion rates for US$

• 13.4 Research methodology
  • Exhibit 85: Research methodology
  • Exhibit 86: Validation techniques employed for market sizing
  • Exhibit 87: Information sources

• 13.5 List of abbreviations
  • Exhibit 88: List of abbreviations