USD 52.2 billion
Thermoform Packaging Market Size, Share, and Growth Analysis
Thermoform Packaging Market By Type (Blister Packaging, Clamshell Packaging), By Material (Plastic, Aluminum), By Heat Seal Coating (Solvent-Based Heat Seal Coating, Water-Based Heat Seal Coating), By End-Use Industry, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15H2091 |
Region:
Global |
Published Date: February, 2025
Pages:
195
|Tables:
91
|Figures:
71
Format -
Thermoform Packaging Market Insights
Thermoform Packaging Market size was valued at USD 52.2 billion in 2023 and is poised to grow from USD 54.65 billion in 2024 to USD 78.92 billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
As the packaging industry has evolved over the past few years, the thermoform packaging sector has searched for new developments and growth opportunities. The method of thermoforming involves heating a sheet of plastic to a temperature that allows it to be moulded into the required shape. For many industries, it has produced encouraging outcomes. The growing demand for environmentally friendly and sustainable designs is one of the main trends driving the thermal cutting industry. It goes without saying that, in addition to the resulting rise in ecological consciousness, it makes sense for consumers and businesses to seek out packaging that is less damaging to the environment.
Consequently, thermoform packaging manufacturers are focusing on innovative materials and manufacturing technologies, such as biodegradable or recycled plastics, to meet this demand. Another crucial trend is the uniqueness and consumerism of business communication. Thermoform packaging offers businesses the freedom they require to distinguish themselves in a competitive market. Different shapes and designs may emerge in the course of the process; these added features can be a special aspect to beautify products, branding, and visibility. Nowadays, it is not unusual in the food and beverage industry, wherein attractive packaging plays a vital role in making this trend come into reality.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Plastic
Fastest Growth
Paper & Paperboard
Growth Rate
4.7% CAGR
Global Thermoform Packaging Market ($ Bn)
Country Share by Asia Pacific (%)
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Thermoform Packaging Market Segments Analysis
Global Thermoform Packaging Market is segmented by Type, Material, Heat Seal Coating, End-Use Industry and region. Based on Type, the market is segmented into Blister Packaging, Clamshell Packaging, Skin Packaging and Other Types. Based on Material, the market is segmented into Plastic, Aluminum and Paper & Paperboard. Based on Heat Seal Coating, the market is segmented into Solvent-Based Heat Seal Coating, Water-Based Heat Seal Coating and Hot-Melt-Based Heat Seal Coating. Based on End-Use Industry, the market is segmented into Food & Beverages, Pharmaceuticals, Electronics, Home & Personal Care and Other End-Use Industries. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Material
As per categorization by material, the market is classified as plastic, aluminum, and paper & paperboard. Among these, plastic earned the largest share and continues to hold the dominant global thermoform packaging market share. Plastic remains the dominant material in the global thermoform packaging market due to its versatility, cost-effectiveness, and durability. Innovations in the form of biodegradable plastics, recycled PET, and lightweight yet strong multi-layer films drive sustainability without compromise on performance. The usage of plastic thermoform packaging is witnessing demand in food, healthcare, and consumer goods products as the excellent barrier properties, extended shelf life, and design flexibility it provides are unmatched by other packaging forms. Despite environmental concerns, it's affordable and efficient as well, and continues to be preferred for manufacturers.
Paper and paperboard are emerging as the fastest-growing materials in the global thermoform packaging market due to increasing sustainability demands and regulatory restrictions on plastic usage. The brands are switching to eco-friendly alternatives to fulfill consumer preferences and rigid environmental laws. Coating technologies have developed paperboard into a highly moisture-resistant material, capable of being used in the packaging of food and pharmaceutical products. Besides, it is recyclable and biodegradable, which provides a sharp competitive advantage over plastics. As the world is increasingly looking at sustainable packaging solutions, investments in paper-based thermoforming innovations are rising rapidly, which makes paper and paperboard the first choice for future packaging requirements.
Analysis by Type
Blister packaging dominates the global thermoform packaging market due to its superior product protection, cost efficiency, and versatility across industries like pharmaceuticals, consumer goods, and electronics. Newer developments encompass the use of sustainable blister packs that are created using recycled PET, biodegradable materials, and PVC-free to minimize ecological impacts. Advances in tamper-evident functionality and child-resistant designs increase the adoption rates in healthcare, and the trend towards unit-dose packaging of pharmaceuticals helps assure dosage precision and longer shelf life, increasing the market prospects. As there is growing support for sustainable packaging through regulations, the blister pack evolves to integrate functionality, security, and sustainability into global applications.
Clamshell packaging is set to be the fastest-growing segment in the global thermoform packaging market due to its durability, visibility, and secure enclosure, making it ideal for food, electronics, and consumer goods. Tamper-evident and eco-friendly clamshells continue to gain increasing demand due to innovations in the recyclable PET (rPET) and molded fiber clamshells. Moreover, it reuses and saves time for customers to reseal, and the rise of e-commerce along with fresh food packaging increases its demand for safe yet transparent packaging. With businesses leading to a focus on safe products and sustainable materials used in the processes involved, versatility and market expansion are factors that are expected to propel growth in clamshell packaging soon.
Global Thermoform Packaging Market By Material (%)
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Thermoform Packaging Market Regional Insights
Asia Pacific dominates the global thermoform packaging market due to rapid industrialization, a booming e-commerce sector, and strong demand for packaged food, pharmaceuticals, and consumer goods. Rising disposable income and urbanization in countries such as China, India, and Japan are increasing the demand for low-cost, lightweight packaging. In addition, the region's strong manufacturing base and growing investment in sustainable packaging, including recycled PET (rPET) and biodegradable materials, will fuel innovation. Government initiatives promoting eco-friendly alternatives further accelerate growth. With a vast consumer base, expanding retail networks, and technological advancements, Asia Pacific remains the largest and fastest growing thermoform packaging market.
Europe is the fastest-growing region in the global thermoform packaging market due to strict environmental regulations, a strong push for sustainability, and rising consumer demand for eco-friendly packaging. The European Union’s ban on single-use plastics and initiatives promoting recyclable and biodegradable materials are driving innovation in thermoformed packaging solutions. Growing demand in the food, pharmaceutical, and electronics sectors, coupled with advancements in sustainable materials like molded fiber and rPET, is accelerating market expansion. Moreover, the big guns in Europe invest in more technological manufacturing and it enhances their output. Sustainability, coupled with healthy regulatory policies, makes Europe outshine all competition in thermoform packaging.
Global Thermoform Packaging Market By Geography
- Largest
- Fastest
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Thermoform Packaging Market Dynamics
Thermoform Packaging Market Drivers
Growing Demand for Sustainable and Recyclable Packaging
- The global thermoform packaging market growth is driven by increasing consumer preference for sustainable and eco-friendly packaging solutions. With respect to compliance and regulation with environment-related policies, companies are resorting to rPET and other biodegradable materials as replacements for plastic products. Sustainability and reducing plastic wastes have, henceforth, motivated innovation and quickened market growth worldwide.
Expansion of Food and Beverage Industry
- The rapid growth of the food and beverage industry is a key driver for the thermoform packaging market. The demands of convenience foods, extended shelf-life products, and ready-to-eat meals have been raised significantly with the need for lightweight, durable, and tamper-resistant packaging. Thermoformed packaging solutions offer high-quality protection for products, transparency, and cost-effectiveness, which enhances the adoption in markets.
Thermoform Packaging Market Restraints
Environmental Concerns Over Plastic Waste
- One of the major restraints for the global thermoform packaging market is rising concern over plastic waste and environmental impacts. Despite a rise in the recycling industry, plastics still seem to account for a huge contribution to pollution, and thus growing regulatory pressure will challenge the very widespread use of traditional plastic thermoform packaging.
High Production Costs of Sustainable Materials
- A major restraint for the global thermoform packaging market is growing concern over plastic waste and its environmental impact. Though recycling technology has improved, plastics remain one of the leading contributors to pollution. As a result, increased regulatory pressure on sustainable alternatives poses a challenge to the widespread use of traditional plastic thermoform packaging.
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Thermoform Packaging Market Competitive Landscape
The global thermoform packaging market is highly competitive as companies are concerned with innovations such as sustainable material, cost cuts, and more efficient packaging performance. The prominent players in the market are Amcor, Sealed Air Corporation, Berry Global, Sonoco Products Company, and Klöckner Pentaplast. These companies are increasingly expanding their portfolio by strategic mergers, acquisitions, and investments in technologically advanced domains, like biodegradable plastics and recyclable material, to meet this emerging need for eco-friendly packaging across diverse sectors, such as food, pharmaceuticals, and consumer goods.
Top Player’s Company Profiles
- Amcor Plc (Switzerland)
- Huhtamaki Oyj (Finland)
- WestRock Company (United States)
- Berry Global Inc. (United States)
- Sealed Air Corporation (United States)
- Constantia Flexibles Group (Austria)
- Placon Corporation (United States)
- Display Pack Inc. (United States)
- Pactiv LLC (United States)
- Dart Container Corporation (United States)
- Tray-Pak Corporation (United States)
- D&W Fine Pack (United States)
- Lacerta Group Inc. (United States)
- Silgan Holdings Inc. (United States)
- Sinclair & Rush Inc. (United States)
- Rompa Group (Netherlands)
Recent Developments
- In February 2025, Amcor has expanded its sustainable packaging offerings by launching a new line of thermoform packaging solutions made from 100% recycled PET (rPET). This development aligns with the company’s commitment to reducing plastic waste and offering eco-friendly alternatives to customers across the food and beverage industry.
- In January 2025, Sealed Air Corporation introduced an innovative thermoform packaging solution for fresh produce that extends shelf life without the need for chemical preservatives. The packaging applies advanced barrier technologies to help fresh food preservation with minimal waste from food items in the quest towards sustainability.
- In December 2024, Berry Global has announced its success in integration of biodegradable materials with it thermoform packaging range. The company strives to reduce plastic packaging's footprint on the environment by providing options that are a little eco-friendlier for food and beverage use. This will be one more step towards attaining Berry's sustainability goals of 2025.
Thermoform Packaging Key Market Trends
- Rise of Sustainable Packaging Solutions: A key trend in the global thermoform packaging market is the growing shift toward sustainable packaging solutions. Increased consumer demand for such environment-friendly products will motivate companies to incorporate recycled materials in the form of rPET and biodegradable plastics into their thermoform packaging, under the pressure from both environmentally stringent regulations and sustainability initiatives.
- Expansion of E-commerce and Online Retail: The rise of e-commerce is significantly impacting the global thermoform packaging market trends. As online shopping is gaining popularity, especially in food and electronics, the demand for developing packaging that would protect products during transit is also increasing. Thermoformed packaging is the most suitable packaging option for e-commerce logistics due to its durability and tamper-proof features.
Thermoform Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global thermoform packaging industry is undergoing significant transformation, driven by the rising demand for sustainable solutions, material innovation, and evolving consumer preferences. Biodegradable plastics, recycled PET, and molded fiber are the increasing choices of the industries as companies opt for it to reduce the environmental impact. The food, healthcare, and e-commerce industries are driving the demand for stronger, lighter weight, and tamper-resistant packaging.
Regulatory pressures and consumer awareness push manufacturers to invest in advanced materials and production techniques that balance sustainability with performance. Online retail, convenience-driven packaging solutions, and further acceleration in market growth make the future look bright for this industry. Further innovations in design, material efficiency, and cost-effective solutions make thermoform packaging redefine industry standards. The focus on circular economy principles will intensify, thus making sustainability the key driver of growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 52.2 billion |
| Market size value in 2032 | USD 78.92 billion |
| Growth Rate | 4.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Thermoform Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Thermoform Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Thermoform Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Thermoform Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Thermoform Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Thermoform Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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