Thermoform Packaging Market Estimated to Cross USD 46 Billion Mark by 2022

PUNE, India, Dec. 5, 2016 /PRNewswire/ -- Market Research Future published a Half Cooked Research Report on Global Thermoform Packaging Market. The Global Thermoform Packaging Market is expected to grow over the CAGR of around 7% during the period 2016 to 2022.

Market Highlights

The increasing demand from food & beverage and pharmaceuticals industries globally drives the market. The large consumer base, increasing manufacturing activities, cost-effective, environment friendly and increase in spending by consumers for packaged food. PET leads the market, majorly due to replacing polystyrene resin. Europe is the largest market. The global thermoform packaging market size was valued at around USD 32 Billion in 2015 and is expected to grow at CAGR of 7% by 2022.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 132 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Thermoform Packaging Market Research Report- Forecast to 2022"

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Market Research Analysis

The market is highly application based. The factors contributing to the growth of the Global Thermoform Packaging Market is the increasing demand for convenient packaging, growth in food & beverage industry and cost-effective. The market is expected to have higher growth rate as compared to the previous years. Europe is the largest region for the thermoform packaging market, followed by Asia-Pacific and North-America. The main reason for the growth in the region includes the rapid growth of industries such as food & beverage and pharmaceuticals in Germany.

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Key Players

The key players of Global Thermoform Packaging Market report include Bemis Company, Inc., Sonoco Products Company, E.I. du Pont de Nemours and Company, Amcor Limited,   DS Smith Plc., WestRock Company, Display Pack Inc, Tray Pack Corporation, Lacerta Group Inc and Sealed Air.

Scope of the Report

This study provides an overview of the global thermoform packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Thermoform Packaging Market as material, type and application.

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