Country Level Analysis, Current Industry Size and Future Prospective
Pune , India – January 7, 2019 /MarketersMedia
Market Research Future (MRFR) has announced a new release on the global thermoform packaging market. The report discusses the global thermoform packaging market’s present condition in terms of its past movement patterns and provides readers with a clear idea of the market’s likely growth trajectory over the coming years. The segmentation of the global thermoform packaging market is also analyzed in the report in detail to provide readers an idea of how the market is structured on the granular level.
Thermoform Packaging Market Highlights:
According to the report, the global thermoform packaging market is expected to rise at a CAGR of 5.72% over the forecast period (2017-2023).
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Thermoform packaging refers to packaging that is heated to the adequate temperature and then molded and cut to suit various packaging requirements. Thermoform packaging utilizes thermoplastics that can be easily molded in their molten state and transformed into the requisite shape. Thermoform packaging has mainly grown in demand in the food and beverage sector, where it is used to package fresh foods so that the nutrients don’t escape and the food doesn’t perish. The effectiveness of thermoform packaging in keeping vital nutrients in and preventing exposure to environmental contaminants such as oxygen is likely to drive the global thermoform packaging market over the forecast period.
The environmental benefits of thermoform packaging over other conventional forms of packaging foods are likely to be a major driver for the global thermoform packaging market over the forecast period. Due to the precise nature of the process, an exact amount of raw materials is utilized in producing thermoform packaging, resulting in little to no wastage. Carbon emissions during the process are also much lower compared to other forms of packaging. The stability of thermoform packaging when presented with reactive materials as well as physical impacts is also a major boost for the global thermoform packaging market, as this provides it an advantage over other packaging materials such as metals (which can easily react with environmental elements) and glass (which can shatter upon impact). However, the easy availability of a number of other packaging options is a key restraint acting on the global thermoform packaging market.
Jan 07, 2019 (MarketersMedia via COMTEX) — Thermoform Packaging Market Research Report 2019: Industry Size, Share, Trends, Growth, Regional Analysis and Segmentation By Material (Plastic, Paper & Paperboard, Aluminum), Type (Blister Packaging, Skin Packaging, Clamshell Packaging, Others), Heat Seal Coating (Water-Based, Solvent-Based, Hot Melt-Based), Application and Region – Global Forecast 2023