United States Thermoformed Plastic Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[175+ Pages Report] According to the report published by Facts Factors, the United States thermoformed plastic market size was valued at around USD 3,500 million in 2022 and is expected to grow around USD 5,230 million by 2030 with a compound annual growth rate (CAGR) of approximately 5.91% between 2023 and 2030. The report analyzes the thermoformed plastic market drivers, restraints/challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the United States thermoformed plastic market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the United States Thermoformed Plastic industry. The report analyzes and declares the historical and current trends analysis of the United States Thermoformed Plastic industry and subsequently recommends the projected trends anticipated to be observed in the United States Thermoformed Plastic market during the upcoming years.

The United States thermoformed plastic market report analyzes and notifies the industry statistics at the regional and country levels in order to acquire a thorough perspective of the entire United States Thermoformed Plastic market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2020 – 2030.

Key Insights from Primary Research

• According to the primary CXO’s of the United States Thermoformed Plastic market, the market is estimated to witness a substantial growth of nearly 5.91% over the forecast period.
• The market was valued at USD 3,500 million, in 2022 and is expected to be valued over USD 5,230 million, by 2030
• On the basis of the type segment, Polyethylene (PE) dominated the United States Thermoformed Plastic market in 2022. In terms of revenue, it accounted for more than a 30% share of the total market in 2022
• Californa in the state of U.S. market is expected to be the fastest goring region for United States Thermoformed Plastic over the forecast period owing to growing investments for R&D and Food & beverage Healthcare companies in the region.
• By geography, the North America region headed the market with a share of above 31%, in 2022.

Key Recommendations from Analysts

• Higher prevalence of F&B, technological advances, high unmet medical needs and government initiatives are major factors that are expected to drive the development in the near future.
• The strategic developments such as regional expansion, product innovations and on-going research and developments by the major companies such as Dart Container Corporation, Fabri-Kal, Pactiv, Anchor Packaging Inc., etc. is likely to boom the market’s growth over the up-coming years.
• Our analysts recommend that the California region is predicted to witness a significant growth attributed to the growing demand for United States Thermoformed Plastic.      
• Expansion of Food & beverage, Healthcare companies especially in emerging market is antipicated to fuel the demand for United States Thermoformed Plastic drug in the developing regions over the forthcoming years.
• Strengthening the distribution channel and growing availability of bipolar disorder drugs online may also help the major player to cater the lucrative growth of the market over the years to come.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the United States Thermoformed Plastic industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the United States Thermoformed Plastic industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the United States Thermoformed Plastic market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the United States Thermoformed Plastic industry. The United States Thermoformed Plastic market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the United States Thermoformed Plastic sector. Key strategic developments in the United States Thermoformed Plastic market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the United States Thermoformed Plastic market are appropriately highlighted in the report.

The United States Thermoformed Plastic market research report delivers an acute valuation and taxonomy of the United States Thermoformed Plastic industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

Report Scope

The regional segmentation of the United States Thermoformed Plastic industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the United States Thermoformed Plastic industry is provided for the leading economies of the world.

Compared with injection-molded plastics, the cost of plastic thermoforming products is around 10-15% reduction. In addition, plastics thermoforming gives manufacturers a variety of flexibility and variations to package and market their products attractively. These are the major reasons why the traditionally packaged products easily accept thermoformed plastics. Moreover, world preferences are changing and customers tend to spend less time preparing meals and prefer fast food or frozen food due to an increasing number of employees and urbanization.

The markets for mineral water, bottled milk, carbohydrate, and fruit juices are also growing. Market preferences vary from unpacked food to prepared foods dramatically. The improved use of plastic thermoforming materials also leads to this aspect. Food & Foods is also increasingly demanding for F&B in the retail sector in the form of supermarkets, food stores, and hypermarkets, as well as a growing awareness of consumer food safety.

The United States Thermoformed Plastic market is segmented based on type, application, and region. On the basis of type segmentation, the market is classified into Polyethylene (PE), Acrylonitrile butadiene styrene (ABS), Polyvinyl chloride (PVC), Polyethylene terephthalate (PET), Polystyrene (PS), and Others. By application, the market is bifurcated into Food & Beverage, Healthcare, Consumer electronics, Living Goods, and Others.

Some of the leading players in the U.S. market include

• Dart Container Corporation
• Fabri-Kal
• Pactiv
• Anchor Packaging Inc.
• Genpak
• LLC
• D&W Fine Pack
• Sonoco Products Company
• Placon

The taxonomy of the United States Thermoformed Plastic industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Polyethylene (PE)
• Acrylonitrile butadiene styrene (ABS)
• Polyvinyl chloride (PVC)
• Polyethylene terephthalate (PET)
• Polystyrene (PS)
• Others

By Application Segmentation Analysis

• Food & beverage
• Healthcare
• Consumer electronics
• Living goods
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa