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Thermoform Packaging Market Worth 44.55 Billion USD by 2021


News provided by

MarketsandMarkets

15 Jul, 2016, 11:30 GMT

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PUNE, India, July 15, 2016 /PRNewswire/ --

The report "Thermoform Packaging Market by Material (Plastic, Aluminum, Paper & Paperboard), Heat Seal Coating (Water-Based, Solvent-Based, Hot Melt-Based), Type (Blister Packaging, Clamshell Packaging, Skin Packaging), End-Use Industry - Global Forecast to 2021" published by MarketsandMarkets, The market size is projected to grow from USD 32.26 Billion in 2015 to reach USD 44.55 Billion by 2021, at a CAGR of 5.61%

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 192 market data Tables with 62 Figures spread through 236 Pages and in-depth TOC on "Thermoform Packaging Market"

http://www.marketsandmarkets.com/Market-Reports/thermoform-packaging-market-145630051.html
Early buyers will receive 10% customization on this report.

The global Thermoform Packaging Market is driven by factors such as cost effectiveness of thermoform packaging, minimal packaging waste, strong growth in the food & beverage industry, and increase in the spending by consumers for packaged products. The growing pharmaceuticals industry and increasing demand for packed products present a great opportunity for this market to grow in future. The Thermoform Packaging Market is witnessing demand owing to the rise in manufacturing activities.

Pharmaceuticals segment is estimated to be the fastest-growing segment in 2016 

The pharmaceuticals segment is estimated to be the fastest-growing segment in 2016. The demand from the pharmaceuticals sector is expected to experience a higher growth rate than the food & beverage and electronics industries, mainly because of rising disposable incomes and aging population. Thermoform packaging provides cleanliness and compartmentalization required by medical products that can safely hold parts in place and provide external protection.

Solvent-based heat seal coating is projected to be the largest segment during the forecast period 

Thermoform Packaging Market, on the basis of heat seal coating, is classified into water based, solvent based, and hot melt based. The solvent-based heat seal coating segment accounted for the largest share in 2015 due to its numerous benefits such as resistance to water and grease and strong bond strength that can be processed at different temperatures.

Europe projected to account for the largest share in the Thermoform Packaging Market in 2021 

Europe, with developed economies such as Germany and U.K., is expected to drive the Thermoform Packaging Market. Germany is projected to account for the largest market share and dominate the European Thermoform Packaging Market in 2021. The growing pharmaceuticals and food & beverage industries are likely to drive the demand for thermoform packaging in Germany. In addition to this, the country's large consumer base, overall positive economic environment, and increase in manufacturing activities will drive demand in the packaging industry.

Make an Enquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=145630051

The major players include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), E.I du Pont de Nemours and Company (U.S.), WestRock Company (U.S.), DS Smith Plc (U.K.), and Sonoco Products Company (U.S.). Companies have adopted strategies such as mergers & acquisitions to cope with the increasing demand in the emerging markets.

Browse Related Reports 

Blister Packaging Market by Material (Plastic Film, Paper & Paperboard, Aluminum), Technology (Thermoforming, Cold forming), Heat Seal Coating (Water-based, Solvent-based), Application (Food Consumer Goods, Industrial Goods, Healthcare) - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/blister-packaging-market-24775059.html

Skin Packaging Market by Material (Plastic films, Paper & Paperboard, Others), Type (Carded, Non-carded), Heat Seal Coating (Solvent-based, Water-based, others), & Application (Food, Consumer goods, Industrial goods, others) - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/skin-packaging-market-70226116.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets  

MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/packaging
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets                                              

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