Thermoforming Equipment to Outperform Most Other Packaging Machinery Types Through 2026

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Apr 21, 2022, 10:32 ET

CLEVELAND, April 21, 2022 /PRNewswire/ -- A new Freedonia Group analysis projects global demand for packaging machinery to advance to expand 5.8% per year through 2026 to $71.1 billion. Although from a small base, thermoforming machinery is expect to outperform most other product types:

Thermoforming is the process of heating thin plastic film or sheets and then forming them into various shapes.
Thermoforming equipment used in packaging applications is generally used to produce vacuum, blister, skin, MAP/CAP, and other film based shaped packages.
These machines differ from form-fill-seal equipment because they form the packaging material themselves, giving them greater capabilities and versatility.

Through 2026, demand for thermoforming equipment will be boosted by rapidly rising demand for blister, skin, and clamshell packaging due to their ability to extent the shelf-life and preserve the appearance of such products as meats, poultry, and seafood.

However, the high cost of thermoforming packaging equipment and its limited availability is some parts of the world will prevent the segment from registering larger gains.

Want to Learn More?

Global Packaging Machinery is now available from The Freedonia Group. This study provides historical data for 2011, 2016, and 2021, and forecasts for 2026 and 2031 for global packaging machinery shipments, demand by product type, and net exports on a country-by-country basis, valued in millions of current US dollars, including inflation.

Products:

filling equipment
case forming, packing, and sealing machinery
labeling and coding machinery
wrapping equipment
other types of packaging machinery
packaging machinery parts

Demand is also analyzed by the following markets:

food
beverage
pharmaceuticals and personal care products
chemicals
other markets

About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

Press Contact:
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SOURCE The Freedonia Group