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Market Research Report
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1032397

North America Thermoformed Plastics Market Size, Share & Trends Analysis Report By Product (PMMA, Bio-degradable Polymers, PE, ABS, PVC, High Impact Polystyrene, PS, PP), By Process, By Application, And Segment Forecasts, 2021 - 2028

Published: | Grand View Research, Inc. | 68 Pages | Delivery time: 2-10 business days

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North America Thermoformed Plastics Market Size, Share & Trends Analysis Report By Product (PMMA, Bio-degradable Polymers, PE, ABS, PVC, High Impact Polystyrene, PS, PP), By Process, By Application, And Segment Forecasts, 2021 - 2028
Published: October 4, 2021
Grand View Research, Inc.
Content info: 68 Pages
Delivery time: 2-10 business days
  • Description
  • Table of Contents
  • List of Tables

North America Thermoformed Plastics Market Growth & Trends:

The North America thermoformed plastics market size is expected to reach USD 8.86 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. Increasing adoption of the thermoformed plastic resin in the consumer goods, food packaging, medical and healthcare, electronics, and automotive sectors is projected to fuel the market growth during the forecast period. Thermoformed plastics reduce the overall weight of the vehicles, which helps in increasing energy efficiency.

The COVID-19 pandemic has made packaged foods and consumer electronics an intrinsic part of consumer's lifestyles. Many thermoformed plastic manufacturing companies have already started developing their facilities to cater to the rising concerns due to the COVID-19 pandemic. For instance, in December 2020, Placon Corporation commenced the construction of USD 15 million additional capacity at its Elkhart, Indiana facility. This is expected to house the production of custom plastic packaging for the medical and healthcare industries.

In July 2021, California-based Plastion Industries, Inc. announced to establish a new 100,000-square-foot manufacturing facility in Texas. This new manufacturing facility is expected to produce components for Tesla's forthcoming Austin factory. The facility is expected to open this fall. Plastion Industries, Inc. provides injection molding, thermoforming, and other services to industries including consumer goods, medical, and automotive. This facility is expected to provide Plastion Industries, Inc. an opportunity to strengthen its foothold in the automotive sector.

Environmental awareness has propelled many electronics companies to produce electronic devices from bio-based polymers as a part of their sustainability goals. This can prove to be one of the major driving factors for the production of thermoformed plastics over the forecast period. In July 2021, SABIC announced the development of bio-based polycarbonate Lexan film and sheet products derived from certified renewable feedstock, which is expected to cater to the rising demand in a wide range of applications, including automotive, construction, specialty glazing, and electrical and electronics.

North America Thermoformed Plastics Market Report Highlights:

  • The polypropylene product segment accounted for the largest revenue share in 2020 and is further expected to witness prominent growth over the forecast period
  • The food packaging application segment dominated the market and accounted for a revenue share of more than 40.0% in 2020
  • In 2020, the U.S. accounted for the largest revenue share of more than 75.0%. The presence of well-established automotive manufacturing players such as Tesla, General Motors Company, and Stellant is anticipated to provide impetus to the market growth
  • Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in May 2021, Tide Rock Holdings acquired Plastics Design & Manufacturing, a heavy gauge thermoformed plastic manufacturer. This strategic initiative by Tide Rock Holdings is aimed at the expansion of its plastics manufacturing business in the western region
Product Code: GVR-4-68038-349-2

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Research Methodology
  • 1.2 Research scope and assumptions
  • 1.3 Information Procurement
    • 1.3.1 Purchased Database
    • 1.3.2 GVR's Internal Database
    • 1.3.3 Secondary Sources
    • 1.3.4 Third Party Perspective
    • 1.3.5 Primary Research
  • 1.4 Information Analysis
    • 1.4.1 Data Analysis Models
  • 1.5 Market Formulation and Data Visualization
  • 1.6 Data Validation and Publishing
  • 1.7 List of Abbreviations

Chapter 2 Executive Summary

  • 2.1 Market Summary
  • 2.2 Segmental Outlook

Chapter 3 Market Variables, Trends, and Scope

  • 3.1 Market lineage outlook
    • 3.1.1 Global Thermoformed Plastics Market Outlook
  • 3.2 Penetration & growth prospect mapping
  • 3.3 Industry value chain analysis
    • 3.3.1 Raw Material Trends
  • 3.4 Technology Overview
    • 3.4.1 In-line or roll-fed thermoforming
    • 3.4.2 Shuttle or SHeet-fed thermoforming
    • 3.4.3 Rotary thermoforming
  • 3.5 Regulatory Framework
    • 3.5.1 Standard & Compliances
    • 3.5.2 Safety
  • 3.6 Market Dynamics
    • 3.6.1 Market Driver Analysis
      • 3.6.1.1 Increasing demand from the food packaging industry
      • 3.6.1.2 Rising use of thermoformed plastics in the medical industry
    • 3.6.2 Market Restraint Analysis
      • 3.6.2.1 Volatile raw material prices
  • 3.7 Business Environment Analysis: North America Thermoformed Plastics Market
    • 3.7.1 Porter's Five Forces Analysis
    • 3.7.2 PESTEL Analysis
  • 3.8 Major Deals & Strategic Alliances Analysis
    • 3.8.1 Mergers and acquisitions

Chapter 4 North America Thermoformed Plastics Market: Product Estimates & Trend Analysis

  • 4.1 North America Thermoformed Plastics Market: Product Movement Analysis, 2020 & 2028
  • 4.2 Polymethyl Methacrylate (PMMA)
    • 4.2.1 North America Thermoformed Plastics Market estimates and forecasts, by Polymethyl Methacrylate (PMMA), 2017 - 2028 (Kilotons) (USD Million)
  • 4.3 Bio-degradable polymers
    • 4.3.1 North America Thermoformed Plastics Market estimates and forecasts, by Bio-degradable polymers, 2017 - 2028 (Kilotons) (USD Million)
  • 4.4 Polyethylene (PE)
    • 4.4.1 North America Thermoformed Plastics Market estimates and forecasts, by Polyethylene (PE), 2017 - 2028 (Kilotons) (USD Million)
  • 4.5 Acrylonitrile Butadiene Styrene (ABS)
    • 4.5.1 North America Thermoformed Plastics Market estimates and forecasts, by Acrylonitrile Butadiene Styrene (ABS), 2017 - 2028 (Kilotons) (USD Million)
  • 4.6 Polyvinyl Chloride (PVC)
    • 4.6.1 North America Thermoformed Plastics Market estimates and forecasts, by PolyVinyl Chloride (PVC), 2017 - 2028 (Kilotons) (USD Million)
  • 4.7 High Impact Polystyrene (HIPS)
    • 4.7.1 North America Thermoformed Plastics Market estimates and forecasts, by High Impact Polystyrene (HIPS), 2017 - 2028 (Kilotons) (USD Million)
  • 4.8 Polystyrene (PS)
    • 4.8.1 North America Thermoformed Plastics Market estimates and forecasts, by Polystyrene (PS), 2017 - 2028 (Kilotons) (USD Million)
  • 4.9 Polypropylene (PP)
    • 4.9.1 North America Thermoformed Plastics Market Estimates and forecasts, by Polypropylene (PP), 2017 - 2028 (Kilotons) (USD Million)

Chapter 5 North America Thermoformed Plastics Market: Process Estimates & Trend Analysis

  • 5.1 North America Thermoformed Plastics Market: Process Movement Analysis, 2020 & 2028
  • 5.2 Plug-assist thermoforming
    • 5.2.1 North America Thermoformed Plastics Market estimates and forecasts, by Plug-Assist thermoforming, 2017 - 2028 (Kilotons) (USD Million)
  • 5.3 Thick-gauge thermoforming
    • 5.3.1 North America Thermoformed Plastics Market estimates and forecasts, by Thick-gauge thermoforming, 2017 - 2028 (Kilotons) (USD Million)
  • 5.4 Thin-gauge thermoforming
    • 5.4.1 North America Thermoformed Plastics Market estimates and forecasts, by Thin-gauge thermoforming, 2017 - 2028 (Kilotons) (USD Million)
  • 5.5 Vacuum snapback
    • 5.5.1 North America Thermoformed Plastics Market estimates and forecasts, by Vacuum snapback, 2017 - 2028 (Kilotons) (USD Million)

Chapter 6 North America Thermoformed Plastics Market: Application Estimates & Trend Analysis

  • 6.1 North America thermoformed plastics market: Application movement analysis, 2020 & 2028
  • 6.2 Healthcare & Medical
    • 6.2.1 North America Thermoformed Plastics Market estimates and forecasts, by healthcare & medical, 2017 - 2028 (Kilotons) (USD Million)
  • 6.3 Food packaging
    • 6.3.1 North America Thermoformed Plastics Market estimates and forecasts, by Food packaging, 2017 - 2028 (Kilotons) (USD Million)
  • 6.4 Electrical & electronics
    • 6.4.1 North America Thermoformed Plastics Market estimates and forecasts, by Electrical & electronics, 2017 - 2028 (Kilotons) (USD Million)
  • 6.5 Automotive
    • 6.5.1 North America Thermoformed Plastics Market estimates and forecasts, by Automotive, 2017 - 2028 (Kilotons) (USD Million)
  • 6.6 Construction
    • 6.6.1 North America Thermoformed Plastics Market estimates and forecasts, by Construction, 2017 - 2028 (Kilotons) (USD Million)
  • 6.7 Consumer goods & appliances
    • 6.7.1 North America Thermoformed Plastics Market estimates and forecasts, by Consumer goods & appliance, 2017 - 2028 (Kilotons) (USD Million)
  • 6.8 Others
    • 6.8.1 North America Thermoformed Plastics Market estimates and forecasts, by others, 2017 - 2028 (Kilotons) (USD Million)

Chapter 7 North America Thermoformed Plastics Market: Country Estimates & Trend Analysis

  • 7.1 North America Thermoformed Plastics Market: Country Movement Analysis, 2020 & 2028
  • 7.2 U.S.
    • 7.2.1 U.S. Thermoformed Plastics Market Estimates And Forecasts, 2017 - 2028 (Kilotons) (USD Million)
    • 7.2.2 U.S. Thermoformed Plastics Market Estimates And Forecasts, by Product, 2017 - 2028 (Kilotons) (USD Million)
    • 7.2.3 U.S. Thermoformed Plastics Market Estimates And Forecasts, by Process, 2017 - 2028 (Kilotons) (USD Million)
    • 7.2.4 U.S. Thermoformed Plastics Market Estimates And Forecasts, by Application, 2017 - 2028 (Kilotons) (USD Million)
  • 7.3 Canada
    • 7.3.1 Canada Thermoformed Plastics Market Estimates And Forecasts, 2017 - 2028 (Kilotons) (USD Million)
    • 7.3.2 Canada Thermoformed Plastics Market Estimates And Forecasts, by Product, 2017 - 2028 (Kilotons) (USD Million)
    • 7.3.3 Canada Thermoformed Plastics Market Estimates And Forecasts, by Process, 2017 - 2028 (Kilotons) (USD Million)
    • 7.3.4 Canada Thermoformed Plastics Market Estimates And Forecasts, by Application, 2017 - 2028 (Kilotons) (USD Million)
  • 7.4 Mexico
    • 7.4.1 Mexico Thermoformed Plastics Market Estimates And Forecasts, 2017 - 2028 (Kilotons) (USD Million)
    • 7.4.2 Mexico Thermoformed Plastics Market Estimates And Forecasts, by Product, 2017 - 2028 (Kilotons) (USD Million)
    • 7.4.3 Mexico Thermoformed Plastics Market Estimates And Forecasts, by Process, 2017 - 2028 (Kilotons) (USD Million)
    • 7.4.4 Mexico Thermoformed Plastics Market Estimates And Forecasts, by Application, 2017 - 2028 (Kilotons) (USD Million)

Chapter 8 Competitive Analysis

  • 8.1 Key players & recent developments & their impact on the industry
  • 8.2 Key company/competition categorization
  • 8.3 Vendor Landscape
    • 8.3.1 List Of Key Distributors & Channel Partners
    • 8.3.2 Key Potential Customers
  • 8.4 Public Companies
    • 8.4.1 Competitive dashboard analysis
  • 8.5 Private Companies
    • 8.5.1 List of key emerging companies/technology disruptors/innovators and their geographical presence

Chapter 9 Competitive Landscape

  • 9.1 Pactiv LLC
    • 9.1.1 Company overview
    • 9.1.2 Product Benchmarking
    • 9.1.3 Financial performance
    • 9.1.4 Strategic Initiatives
  • 9.2 Sonoco Products Company
  • 9.3 CM Packaging
  • 9.4 Placon
  • 9.5 Genpak, LLC
  • 9.6 Anchor Packaging LLC
  • 9.7 Brentwood Industries, Inc.
  • 9.8 Greiner Packaging
  • 9.9 Dongguan Ditai Plastic Products Co., Ltd.
  • 9.10 Palram Industries Ltd.

List of Tables

  • Table 1 List of Abbreviations
  • Table 2 North America thermoformed plastics market estimates and forecasts, by polymethyl methacrylate (PMMA), 2017 - 2028 (Kilotons) (USD Million)
  • Table 3 North America thermoformed plastics market estimates and forecasts, by bio-degradable polymers, 2017 - 2028 (Kilotons) (USD Million)
  • Table 4 North America thermoformed plastics market estimates and forecasts, by polyethylene (PE), 2017 - 2028 (Kilotons) (USD Million)
  • Table 5 North America thermoformed plastics market estimates and forecasts, by acrylonitrile butadiene styrene (ABS), 2017 - 2028 (Kilotons) (USD Million)
  • Table 6 North America thermoformed plastics market estimates and forecasts, by polyvinyl chloride (PVC), 2017 - 2028 (Kilotons) (USD Million)
  • Table 7 North America thermoformed plastics market estimates and forecasts, by high impact polystyrene (HIPS), 2017 - 2028 (Kilotons) (USD Million)
  • Table 8 North America thermoformed plastics market estimates and forecasts, by polystyrene (PS), 2017 - 2028 (Kilotons) (USD Million)
  • Table 9 North America thermoformed plastics market estimates and forecasts, by polypropylene (PP), 2017 - 2028 (Kilotons) (USD Million)
  • Table 10 North America thermoformed plastics market estimates and forecasts, by plug-assist thermoforming, 2017 - 2028 (Kilotons) (USD Million)
  • Table 11 North America thermoformed plastics market estimates and forecasts, by thick-gauge thermoforming, 2017 - 2028 (Kilotons) (USD Million)
  • Table 12 North America thermoformed plastics market estimates and forecasts, by thin-gauge thermoforming, 2017 - 2028 (Kilotons) (USD Million)
  • Table 13 North America thermoformed plastics market estimates and forecasts, by vacuum snapback, 2017 - 2028 (Kilotons) (USD Million)
  • Table 14 North America thermoformed plastics market estimates and forecasts, by healthcare & medical, 2017 - 2028 (Kilotons) (USD Million)
  • Table 15 North America thermoformed plastics market estimates and forecasts, by food packaging, 2017 - 2028 (Kilotons) (USD Million)
  • Table 16 North America thermoformed plastics market estimates and forecasts, by electrical & electronics, 2017 - 2028 (Kilotons) (USD Million)
  • Table 17 North America thermoformed plastics market estimates and forecasts, by automotive, 2017 - 2028 (Kilotons) (USD Million)
  • Table 18 North America thermoformed plastics market estimates and forecasts, by construction, 2017 - 2028 (Kilotons) (USD Million)
  • Table 19 North America thermoformed plastics market estimates and forecasts, by consumer goods & appliances, 2017 - 2028 (Kilotons) (USD Million)
  • Table 20 North America thermoformed plastics market estimates and forecasts, by others, 2017 - 2028 (Kilotons) (USD Million)
  • Table 21 U.S. thermoformed plastics market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
  • Table 22 U.S. thermoformed plastics market estimates and forecasts, by product, 2017 - 2028 (Kilotons)
  • Table 23 U.S. thermoformed plastics market estimates and forecasts, by product, 2017 - 2028 (USD Million)
  • Table 24 U.S. thermoformed plastics market estimates and forecasts, by process, 2017 - 2028 (Kilotons)
  • Table 25 U.S. thermoformed plastics market estimates and forecasts, by process, 2017 - 2028 (USD Million)
  • Table 26 U.S. thermoformed plastics market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
  • Table 27 U.S. thermoformed plastics market estimates and forecasts, by application, 2017 - 2028 (USD Million)
  • Table 28 Canada thermoformed plastics market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
  • Table 29 Canada thermoformed plastics market estimates and forecasts, by product, 2017 - 2028 (Kilotons)
  • Table 30 Canada thermoformed plastics market estimates and forecasts, by product, 2017 - 2028 (USD Million)
  • Table 31 Canada thermoformed plastics market estimates and forecasts, by process, 2017 - 2028 (Kilotons)
  • Table 32 Canada thermoformed plastics market estimates and forecasts, by process, 2017 - 2028 (USD Million)
  • Table 33 Canada thermoformed plastics market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
  • Table 34 Canada thermoformed plastics market estimates and forecasts, by application, 2017 - 2028 (USD Million)
  • Table 35 Mexico thermoformed plastics market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Million)
  • Table 36 Mexico thermoformed plastics market estimates and forecasts, by product, 2017 - 2028 (Kilotons)
  • Table 37 Mexico thermoformed plastics market estimates and forecasts, by product, 2017 - 2028 (USD Million)
  • Table 38 Mexico thermoformed plastics market estimates and forecasts, by process, 2017 - 2028 (Kilotons)
  • Table 39 Mexico thermoformed plastics market estimates and forecasts, by process, 2017 - 2028 (USD Million)
  • Table 40 Mexico thermoformed plastics market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
  • Table 41 Mexico thermoformed plastics market estimates and forecasts, by application, 2017 - 2028 (USD Million)

List of Figures

  • Fig. 1 Information procurement
  • Fig. 2 Primary research pattern
  • Fig. 3 Primary Research Process
  • Fig. 4 Market research approaches - Bottom-Up Approach
  • Fig. 5 Market research approaches - Top-Down Approach
  • Fig. 6 Market research approaches - Combined Approach
  • Fig. 7 North America Thermoformed Plastics Market Snapshot, 2020 (USD Million)
  • Fig. 8 North America Thermoformed Plastics Market Segmentation
  • Fig. 9 North America Thermoformed Plastics Market: Penetration & growth prospect mapping
  • Fig. 10 North America Thermoformed Plastics Market: Value Chain Analysis
  • Fig. 11 National Health Expenditure Account (NHEA), the U.S., 2010 - 2020 (USD Billion)
  • Fig. 12 Brent, West Texas Intermediate (WTI) Crude Oil Prices, 2010 - 2020 (USD/Barrel)
  • Fig. 13 Porter's Five Forces Analysis: North America Thermoformed Plastics Market
  • Fig. 14 PESTEL Analysis: North America Thermoformed Plastics Market
  • Fig. 15 North America Thermoformed Plastics Market: Product Movement Analysis, 2020 & 2028
  • Fig. 16 North America Thermoformed Plastics Market: Process Movement Analysis, 2020 & 2028
  • Fig. 17 North America thermoformed plastics market: Application movement analysis, 2020 & 2028
  • Fig. 18 North America Thermoformed Plastics Market: Country Movement Analysis, 2020 & 2028
  • Fig. 19 North America Thermoformed Plastics Market: Food Packaging Industry Life Cycle Stages
  • Fig. 20 North America Thermoformed Plastics Market: Electrical & Electronics Industry Life Cycle Stages
  • Fig. 21 North America Thermoformed Plastics Market: Automotive Industry Life Cycle Stages
  • Fig. 22 North America Thermoformed Plastics Market: Construction Industry Life Cycle Stages
  • Fig. 23 North America Thermoformed Plastics Market: Consumer Goods & Appliance Industry Life Cycle Stages
  • Fig. 24 Competitive Dashboard Analysis