Dublin, April 17, 2019 (GLOBE NEWSWIRE) -- The "Global Thermoformed Plastics Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The thermoformed plastics market will register a CAGR of over 4% by 2023.

The growing demand for thermoformed plastics from the food packaging industry is one of the critical reasons that will drive the thermoformed plastics market. Thermoformed plastics are not only used to manufacture trays, cups, clamshells, and containers but also tri-fold packs and blister packs. These plastics are manufactured using polystyrene, PET, and polypropylene.

The global packaging industry will continue to adopt thermoformed plastics as they are flexible and increase the shelf life of packaged foods and have high corrosion resistance, performance, and durability. The increasing consumption of food and beverages and the rising population will further drive the growth of the market during the forecast period.

The rise in demand from the food packaging industry

One of the growth drivers of the global thermoformed plastics market is the rise in demand from the food packaging industry. Thermoformed plastics are widely used for packaging F&B, which is expected to drive the growth of the global thermoformed plastics market during the forecast period.

Volatility in raw material prices

One of the challenges in the growth of the global thermoformed plastics market is the volatility in raw material prices. Fluctuations in crude oil prices adversely affect the prices of fractional petroleum products and the production cost of thermoformed plastics.

Competitive Landscape

The market appears to be highly fragmented and with the presence of several market players. Various vehicle manufacturers are increasingly focusing on light-weighting vehicles due to regulatory bodies such as the EPA and the EU implement stringent regulations on fuel emissions.

This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

• Berry Global Inc.
• D&W Fine Pack
• Dart Container Corporation
• Reynolds Group Holdings Limited
• Sonoco Products Company
• The Jim Pattison Group

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Comparison by application
• Food packaging - Market size and forecast 2018-2023
• Consumer products - Market size and forecast 2018-2023
• Medical - Market size and forecast 2018-2023
• Others - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic comparison
• North America - Market size and forecast 2018-2023
• Europe - Market size and forecast 2018-2023
• APAC - Market size and forecast 2018-2023
• South America - Market size and forecast 2018-2023
• MEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

• Use of recycled plastics in thermoform packaging applications
• Increase in R&D activities
• Stringent automobile fuel emission standards

PART 11: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 12: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Berry Global Inc.
• D&W Fine Pack
• Dart Container Corporation
• Reynolds Group Holdings Limited
• Sonoco Products Company
• The Jim Pattison Group

For more information about this report visit https://www.researchandmarkets.com/r/2dvb3v

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastics

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.