Thermoformed Plastics Industry- Competitive Analysis
Some
of the manufacturers operating in the global thermoformed plastics
market are Pactiv LLC (U.S.), Sonoco Products Company (U.S.), Spencer
Industries Incorporated (U.S.), D&W Fine Pack LLC (U.S.), Brentwood
Industries (U.S.), Genpak, LLC (U.S.), Placon (U.S.), Silgan Plastics
(U.S.), Graham Packaging Company (U.S.), Wilbert Plastic Services, Inc.
(U.S.).
Get a Free Sample Copy Now@ https://www.marketresearchfuture.com/sample_request/5821
Thermoformed Plastics Market: Overview
Thermoformed plastics are made by heating a plastic sheet and converting it into a usable product.
The
global thermoformed plastics market is segmented on the basis of the
product into polyethylene terephthalate (PET), polyethylene (PE),
acrylonitrile butadiene styrene (ABS), polystyrene (PS), polyvinyl
chloride (PVC), polypropylene (PP), polymethyl methacrylate (PMMA), high
impact polystyrene (HIPS), and others. Polyethylene terephthalate is
the leading segment of the thermoformed plastics market, due to their
biocompatibility and consequent applications in various sectors such as
food & beverage, pharmaceuticals, personal care, and others. The
shifting trend towards the use of PET over metals is likely to propel
the market growth. Polyethylene (PE) is the second largest segment and
is expected to drive the market over the review period due to easy
availability and biodegradability. Moreover, the technological trends
have resulted in products such as high impact polystyrene (HIPS) with
properties such as good impact resistance, excellent machinability,
dimensional stability, easy to glue and paint, and low cost which is
anticipated to fuel the market growth. Based on the manufacturing
procedures of thermoformed plastics, vacuum forming is extensively
adopted due to its low cost, rapid product development cycles, and
availability of colors and textures.
Thermoformed Plastics Market- Segmentation
The global thermoformed plastics market is segmented on the basis of the product, process, application, and region.
Based
on the product, the global thermoformed plastics market is segmented
into polyethylene terephthalate (PET), polyethylene (PE), acrylonitrile
butadiene styrene (ABS), polystyrene (PS), polyvinyl chloride (PVC),
polypropylene (PP), polymethyl methacrylate (PMMA), high impact
polystyrene (HIPS), and others.
On the basis of the process, the
global thermoformed plastics market is segmented into vacuum forming,
pressure forming, heavy gauge (thick) thermoforming, thin thermoforming,
plug assist, and others.
The market is segmented on the basis of
the application as healthcare & medical, food packaging, electrical
& electronics, automotive packaging, construction, consumer goods
& appliances, and others
Regional Analysis
The Global Thermoformed Plastics Market is segmented into five regions Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The
high demand for thermoformed plastics in various end-use industries
such as healthcare, food & beverage, electrical & electronics,
etc. due to the growing trade of these products.
The North
American market is majorly driven by the high production and sales of
food & beverage, medical & personal care products, and
automotive.
The rising demand for thermoformed plastics from food
& beverage and pharmaceutical industries is the primary driver for
the growth of the European market.
The Middle East & Africa region is growing due to the expanding infrastructure and construction activities in this region.
No comments:
Post a Comment