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PUBLISHER: KBV Research | PRODUCT CODE: 1450448
PUBLISHER: KBV Research | PRODUCT CODE: 1450448
North America Thermoformed Plastics Market Size, Share & Trends Analysis Report By Process, By Application, By Product, By Country and Growth Forecast, 2023 - 2030
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The North America Thermoformed Plastics Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 8727.9 Kilo Tonnes, showcasing a growth of 3.6% (2019-2022).
The aerospace sector leverages thermoformed plastics for components that demand a balance between weight reduction, durability, and precision. From interior cabin components to exterior panels, thermoformed plastics find applications in various aspects of aircraft manufacturing. The aerospace industry's perpetual quest for improved performance and efficiency is consistent with the capability of fabricating lightweight components without sacrificing strength. Weight reduction is highly valued in the aerospace industry as it directly correlates with fuel efficiency. Thermoformed plastics offer a lightweight alternative to traditional materials such as metal or composite panels. This weight reduction contributes to fuel savings, enhances the aircraft's range, and aligns with the industry's sustainability and operational efficiency goals.
Moreover, innovations in material formulations are pushing the boundaries of thermoformed plastics. There is a current surge in the market for novel material combinations, such as reinforced polymers, nanocomposites, and hybrid materials, which provide improved strength, durability, and distinctive characteristics. These developments expand the application scope of thermoformed plastics, especially in industries requiring high-performance materials.
The rising automotive industry in Mexico has played a significant role in expanding the demand for thermoformed plastics. Mexico has become a prominent hub for automotive manufacturing, attracting domestic and international automotive companies. The use of thermoformed plastics in the automotive sector has seen substantial growth, driven by manufacturing efficiency, design flexibility, and cost-effectiveness factors. Hence, North America's rising automotive and food and beverage processing sectors will assist in the growth of the regional thermoformed plastics market.
The US market dominated the North America Thermoformed Plastics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,762.7 million by 2030. The Canada market is experiencing a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2023 - 2030).
Based on Process, the market is segmented into Thin Gauge Thermoforming, Plug Assist Forming, Thick Gauge Thermoforming, and Vacuum Snapback. Based on Application, the market is segmented into Food Packaging, Healthcare & Medical, Electrical & Electronics, Construction, Automotive Packaging, and Consumer Goods & Appliances. Based on Product, the market is segmented into Polypropylene (PP), Polymethyl Methacrylate (PMMA), Bio-degradable Polymers, Polyethylene (PE), Acrylonitrile Butadiene Styrene (ABS), High Impact Polystyrene (HIPS), Polyvinyl Chloride (PVC) and Polystyrene (PS). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Pactiv Evergreen Inc. (Reynolds Group Ltd.)
- Genpak, LLC (Great Pacific Enterprises, Inc.)
- Sonoco Products Company
- Brentwood Industries, Inc.
- Hoffmann Neopac AG
- Placon Corporation
- Anchor Packaging LLC
- Greiner Packaging GmbH (Greiner AG)
- Dongguan Ditai Plastic Products Co., Ltd.
- Palram Industries Ltd.
North America Thermoformed Plastics Market Report Segmentation
By Process (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Thin Gauge Thermoforming
- Plug Assist Forming
- Thick Gauge Thermoforming
- Vacuum Snapback
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Food Packaging
- Healthcare & Medical
- Electrical & Electronics
- Construction
- Automotive Packaging
- Consumer Goods & Appliances
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Polypropylene (PP)
- Polymethyl Methacrylate (PMMA)
- Bio-degradable Polymers
- Polyethylene (PE)
- Acrylonitrile Butadiene Styrene (ABS)
- High Impact Polystyrene (HIPS)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Thermoformed Plastics Market, by Process
- 1.4.2North America Thermoformed Plastics Market, by Application
- 1.4.3North America Thermoformed Plastics Market, by Product
- 1.4.4North America Thermoformed Plastics Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Strategies Deployed in Thermoformed Plastics Market
Chapter 5.North America Thermoformed Plastics Market by Process
- 5.1North America Thin Gauge Thermoforming Market by Country
- 5.2North America Plug Assist Forming Market by Country
- 5.3North America Thick Gauge Thermoforming Market by Country
- 5.4North America Vacuum Snapback Market by Country
Chapter 6.North America Thermoformed Plastics Market by Application
- 6.1North America Food Packaging Market by Country
- 6.2North America Healthcare & Medical Market by Country
- 6.3North America Electrical & Electronics Market by Country
- 6.4North America Construction Market by Country
- 6.5North America Automotive Packaging Market by Country
- 6.6North America Consumer Goods & Appliances Market by Country
Chapter 7.North America Thermoformed Plastics Market by Product
- 7.1North America Polypropylene (PP) Market by Country
- 7.2North America Polymethyl Methacrylate (PMMA) Market by Country
- 7.3North America Bio-degradable Polymers Market by Country
- 7.4North America Polyethylene (PE) Market by Country
- 7.5North America Acrylonitrile Butadiene Styrene (ABS) Market by Country
- 7.6North America High Impact Polystyrene (HIPS) Market by Country
- 7.7North America Polyvinyl Chloride (PVC) Market by Country
- 7.8North America Polystyrene (PS) Market by Country
Chapter 8.North America Thermoformed Plastics Market by Country
- 8.1US Thermoformed Plastics Market
- 8.1.1US Thermoformed Plastics Market by Process
- 8.1.2US Thermoformed Plastics Market by Application
- 8.1.3US Thermoformed Plastics Market by Product
- 8.2Canada Thermoformed Plastics Market
- 8.2.1Canada Thermoformed Plastics Market by Process
- 8.2.2Canada Thermoformed Plastics Market by Application
- 8.2.3Canada Thermoformed Plastics Market by Product
- 8.3Mexico Thermoformed Plastics Market
- 8.3.1Mexico Thermoformed Plastics Market by Process
- 8.3.2Mexico Thermoformed Plastics Market by Application
- 8.3.3Mexico Thermoformed Plastics Market by Product
- 8.4Rest of North America Thermoformed Plastics Market
- 8.4.1Rest of North America Thermoformed Plastics Market by Process
- 8.4.2Rest of North America Thermoformed Plastics Market by Application
- 8.4.3Rest of North America Thermoformed Plastics Market by Product
Chapter 9.Company Profiles
- 9.1Pactiv Evergreen Inc. (Reynolds Group Ltd.)
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expenses
- 9.1.5Recent strategies and developments:
- 9.1.5.1Partnerships, Collaborations, and Agreements:
- 9.1.5.2Acquisition and Mergers:
- 9.1.6SWOT Analysis
- 9.2Genpak, LLC (Great Pacific Enterprises, Inc.)
- 9.2.1Company Overview
- 9.2.2SWOT Analysis
- 9.3Sonoco Products Company
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expenses
- 9.3.5Recent strategies and developments:
- 9.3.5.1Acquisition and Mergers:
- 9.3.6SWOT Analysis
- 9.4Brentwood Industries, Inc.
- 9.4.1Company Overview
- 9.4.2SWOT Analysis
- 9.5Hoffmann Neopac AG
- 9.5.1Company Overview
- 9.5.2Recent strategies and developments:
- 9.5.2.1Acquisition and Mergers:
- 9.5.3SWOT Analysis
- 9.6Placon Corporation
- 9.6.1Company Overview
- 9.6.2Recent strategies and developments:
- 9.6.2.1Partnerships, Collaborations, and Agreements:
- 9.6.2.2Product Launches and Product Expansions:
- 9.6.3SWOT Analysis
- 9.7Anchor Packaging LLC
- 9.7.1Company Overview
- 9.7.2Recent strategies and developments:
- 9.7.2.1Acquisition and Mergers:
- 9.7.3SWOT Analysis
- 9.8Greiner Packaging GmbH (Greiner AG)
- 9.8.1Company Overview
- 9.8.2Recent strategies and developments:
- 9.8.2.1Acquisition and Mergers:
- 9.8.3SWOT Analysis
- 9.9Dongguan Ditai Plastic Products Co., Ltd.
- 9.9.1Company Overview
- 9.9.2SWOT Analysis
- 9.10.Palram Industries Ltd.
- 9.10.1Company Overview
- 9.10.2SWOT Analysis
LIST OF TABLES
- TABLE 1North America Thermoformed Plastics Market, 2019 - 2022, USD Million
- TABLE 2North America Thermoformed Plastics Market, 2023 - 2030, USD Million
- TABLE 3North America Thermoformed Plastics Market, 2019 - 2022, Kilo Tonnes
- TABLE 4North America Thermoformed Plastics Market, 2023 - 2030, Kilo Tonnes
- TABLE 5North America Thermoformed Plastics Market by Process, 2019 - 2022, USD Million
- TABLE 6North America Thermoformed Plastics Market by Process, 2023 - 2030, USD Million
- TABLE 7North America Thin Gauge Thermoforming Market by Country, 2019 - 2022, USD Million
- TABLE 8North America Thin Gauge Thermoforming Market by Country, 2023 - 2030, USD Million
- TABLE 9North America Plug Assist Forming Market by Country, 2019 - 2022, USD Million
- TABLE 10North America Plug Assist Forming Market by Country, 2023 - 2030, USD Million
- TABLE 11North America Thick Gauge Thermoforming Market by Country, 2019 - 2022, USD Million
- TABLE 12North America Thick Gauge Thermoforming Market by Country, 2023 - 2030, USD Million
- TABLE 13North America Vacuum Snapback Market by Country, 2019 - 2022, USD Million
- TABLE 14North America Vacuum Snapback Market by Country, 2023 - 2030, USD Million
- TABLE 15North America Thermoformed Plastics Market by Application, 2019 - 2022, USD Million
- TABLE 16North America Thermoformed Plastics Market by Application, 2023 - 2030, USD Million
- TABLE 17North America Thermoformed Plastics Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 18North America Thermoformed Plastics Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 19North America Food Packaging Market by Country, 2019 - 2022, USD Million
- TABLE 20North America Food Packaging Market by Country, 2023 - 2030, USD Million
- TABLE 21North America Food Packaging Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 22North America Food Packaging Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 23North America Healthcare & Medical Market by Country, 2019 - 2022, USD Million
- TABLE 24North America Healthcare & Medical Market by Country, 2023 - 2030, USD Million
- TABLE 25North America Healthcare & Medical Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 26North America Healthcare & Medical Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 27North America Electrical & Electronics Market by Country, 2019 - 2022, USD Million
- TABLE 28North America Electrical & Electronics Market by Country, 2023 - 2030, USD Million
- TABLE 29North America Electrical & Electronics Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 30North America Electrical & Electronics Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 31North America Construction Market by Country, 2019 - 2022, USD Million
- TABLE 32North America Construction Market by Country, 2023 - 2030, USD Million
- TABLE 33North America Construction Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 34North America Construction Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 35North America Automotive Packaging Market by Country, 2019 - 2022, USD Million
- TABLE 36North America Automotive Packaging Market by Country, 2023 - 2030, USD Million
- TABLE 37North America Automotive Packaging Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 38North America Automotive Packaging Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 39North America Consumer Goods & Appliances Market by Country, 2019 - 2022, USD Million
- TABLE 40North America Consumer Goods & Appliances Market by Country, 2023 - 2030, USD Million
- TABLE 41North America Consumer Goods & Appliances Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 42North America Consumer Goods & Appliances Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 43North America Thermoformed Plastics Market by Product, 2019 - 2022, USD Million
- TABLE 44North America Thermoformed Plastics Market by Product, 2023 - 2030, USD Million
- TABLE 45North America Thermoformed Plastics Market by Product, 2019 - 2022, Kilo Tonnes
- TABLE 46North America Thermoformed Plastics Market by Product, 2023 - 2030, Kilo Tonnes
- TABLE 47North America Polypropylene (PP) Market by Country, 2019 - 2022, USD Million
- TABLE 48North America Polypropylene (PP) Market by Country, 2023 - 2030, USD Million
- TABLE 49North America Polypropylene (PP) Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 50North America Polypropylene (PP) Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 51North America Polymethyl Methacrylate (PMMA) Market by Country, 2019 - 2022, USD Million
- TABLE 52North America Polymethyl Methacrylate (PMMA) Market by Country, 2023 - 2030, USD Million
- TABLE 53North America Polymethyl Methacrylate (PMMA) Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 54North America Polymethyl Methacrylate (PMMA) Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 55North America Bio-degradable Polymers Market by Country, 2019 - 2022, USD Million
- TABLE 56North America Bio-degradable Polymers Market by Country, 2023 - 2030, USD Million
- TABLE 57North America Bio-degradable Polymers Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 58North America Bio-degradable Polymers Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 59North America Polyethylene (PE) Market by Country, 2019 - 2022, USD Million
- TABLE 60North America Polyethylene (PE) Market by Country, 2023 - 2030, USD Million
- TABLE 61North America Polyethylene (PE) Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 62North America Polyethylene (PE) Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 63North America Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2019 - 2022, USD Million
- TABLE 64North America Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2023 - 2030, USD Million
- TABLE 65North America Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 66North America Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 67North America High Impact Polystyrene (HIPS) Market by Country, 2019 - 2022, USD Million
- TABLE 68North America High Impact Polystyrene (HIPS) Market by Country, 2023 - 2030, USD Million
- TABLE 69North America High Impact Polystyrene (HIPS) Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 70North America High Impact Polystyrene (HIPS) Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 71North America Polyvinyl Chloride (PVC) Market by Country, 2019 - 2022, USD Million
- TABLE 72North America Polyvinyl Chloride (PVC) Market by Country, 2023 - 2030, USD Million
- TABLE 73North America Polyvinyl Chloride (PVC) Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 74North America Polyvinyl Chloride (PVC) Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 75North America Polystyrene (PS) Market by Country, 2019 - 2022, USD Million
- TABLE 76North America Polystyrene (PS) Market by Country, 2023 - 2030, USD Million
- TABLE 77North America Polystyrene (PS) Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 78North America Polystyrene (PS) Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 79North America Thermoformed Plastics Market by Country, 2019 - 2022, USD Million
- TABLE 80North America Thermoformed Plastics Market by Country, 2023 - 2030, USD Million
- TABLE 81North America Thermoformed Plastics Market by Country, 2019 - 2022, Kilo Tonnes
- TABLE 82North America Thermoformed Plastics Market by Country, 2023 - 2030, Kilo Tonnes
- TABLE 83US Thermoformed Plastics Market, 2019 - 2022, USD Million
- TABLE 84US Thermoformed Plastics Market, 2023 - 2030, USD Million
- TABLE 85US Thermoformed Plastics Market, 2019 - 2022, Kilo Tonnes
- TABLE 86US Thermoformed Plastics Market, 2023 - 2030, Kilo Tonnes
- TABLE 87US Thermoformed Plastics Market by Process, 2019 - 2022, USD Million
- TABLE 88US Thermoformed Plastics Market by Process, 2023 - 2030, USD Million
- TABLE 89US Thermoformed Plastics Market by Application, 2019 - 2022, USD Million
- TABLE 90US Thermoformed Plastics Market by Application, 2023 - 2030, USD Million
- TABLE 91US Thermoformed Plastics Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 92US Thermoformed Plastics Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 93US Thermoformed Plastics Market by Product, 2019 - 2022, USD Million
- TABLE 94US Thermoformed Plastics Market by Product, 2023 - 2030, USD Million
- TABLE 95US Thermoformed Plastics Market by Product, 2019 - 2022, Kilo Tonnes
- TABLE 96US Thermoformed Plastics Market by Product, 2023 - 2030, Kilo Tonnes
- TABLE 97Canada Thermoformed Plastics Market, 2019 - 2022, USD Million
- TABLE 98Canada Thermoformed Plastics Market, 2023 - 2030, USD Million
- TABLE 99Canada Thermoformed Plastics Market, 2019 - 2022, Kilo Tonnes
- TABLE 100Canada Thermoformed Plastics Market, 2023 - 2030, Kilo Tonnes
- TABLE 101Canada Thermoformed Plastics Market by Process, 2019 - 2022, USD Million
- TABLE 102Canada Thermoformed Plastics Market by Process, 2023 - 2030, USD Million
- TABLE 103Canada Thermoformed Plastics Market by Application, 2019 - 2022, USD Million
- TABLE 104Canada Thermoformed Plastics Market by Application, 2023 - 2030, USD Million
- TABLE 105Canada Thermoformed Plastics Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 106Canada Thermoformed Plastics Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 107Canada Thermoformed Plastics Market by Product, 2019 - 2022, USD Million
- TABLE 108Canada Thermoformed Plastics Market by Product, 2023 - 2030, USD Million
- TABLE 109Canada Thermoformed Plastics Market by Product, 2019 - 2022, Kilo Tonnes
- TABLE 110Canada Thermoformed Plastics Market by Product, 2023 - 2030, Kilo Tonnes
- TABLE 111Mexico Thermoformed Plastics Market, 2019 - 2022, USD Million
- TABLE 112Mexico Thermoformed Plastics Market, 2023 - 2030, USD Million
- TABLE 113Mexico Thermoformed Plastics Market, 2019 - 2022, Kilo Tonnes
- TABLE 114Mexico Thermoformed Plastics Market, 2023 - 2030, Kilo Tonnes
- TABLE 115Mexico Thermoformed Plastics Market by Process, 2019 - 2022, USD Million
- TABLE 116Mexico Thermoformed Plastics Market by Process, 2023 - 2030, USD Million
- TABLE 117Mexico Thermoformed Plastics Market by Application, 2019 - 2022, USD Million
- TABLE 118Mexico Thermoformed Plastics Market by Application, 2023 - 2030, USD Million
- TABLE 119Mexico Thermoformed Plastics Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 120Mexico Thermoformed Plastics Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 121Mexico Thermoformed Plastics Market by Product, 2019 - 2022, USD Million
- TABLE 122Mexico Thermoformed Plastics Market by Product, 2023 - 2030, USD Million
- TABLE 123Mexico Thermoformed Plastics Market by Product, 2019 - 2022, Kilo Tonnes
- TABLE 124Mexico Thermoformed Plastics Market by Product, 2023 - 2030, Kilo Tonnes
- TABLE 125Rest of North America Thermoformed Plastics Market, 2019 - 2022, USD Million
- TABLE 126Rest of North America Thermoformed Plastics Market, 2023 - 2030, USD Million
- TABLE 127Rest of North America Thermoformed Plastics Market, 2019 - 2022, Kilo Tonnes
- TABLE 128Rest of North America Thermoformed Plastics Market, 2023 - 2030, Kilo Tonnes
- TABLE 129Rest of North America Thermoformed Plastics Market by Process, 2019 - 2022, USD Million
- TABLE 130Rest of North America Thermoformed Plastics Market by Process, 2023 - 2030, USD Million
- TABLE 131Rest of North America Thermoformed Plastics Market by Application, 2019 - 2022, USD Million
- TABLE 132Rest of North America Thermoformed Plastics Market by Application, 2023 - 2030, USD Million
- TABLE 133Rest of North America Thermoformed Plastics Market by Application, 2019 - 2022, Kilo Tonnes
- TABLE 134Rest of North America Thermoformed Plastics Market by Application, 2023 - 2030, Kilo Tonnes
- TABLE 135Rest of North America Thermoformed Plastics Market by Product, 2019 - 2022, USD Million
- TABLE 136Rest of North America Thermoformed Plastics Market by Product, 2023 - 2030, USD Million
- TABLE 137Rest of North America Thermoformed Plastics Market by Product, 2019 - 2022, Kilo Tonnes
- TABLE 138Rest of North America Thermoformed Plastics Market by Product, 2023 - 2030, Kilo Tonnes
- TABLE 139Key Information - Pactiv Evergreen Inc.
- TABLE 140Key Information -Genpak, LLC
- TABLE 141Key Information - Sonoco Products Company
- TABLE 142Key Information - Brentwood Industries, Inc.
- TABLE 143Key Information - Hoffmann Neopac AG
- TABLE 144Key Information - Placon Corporation
- TABLE 145Key Information - Anchor Packaging LLC
- TABLE 146Key Information - Greiner Packaging GmbH
- TABLE 147Key Information - Dongguan Ditai Plastic Products Co., Ltd.
- TABLE 148Key Information - Palram Industries Ltd.
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