PUBLISHER: The Business Research Company | PRODUCT CODE: 1751102
PUBLISHER: The Business Research Company | PRODUCT CODE: 1751102
Rigid thermoform plastic packaging refers to a packaging method in which a rigid plastic sheet is heated to become pliable and then molded into a specific shape using techniques such as vacuum forming, pressure forming, or other thermoforming processes. This method is popular due to its cost-effectiveness, versatility, and ability to enhance both product visibility and protection.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The main products in rigid thermoform plastic packaging include blister packs, clamshells, trays and lids, cups and containers, plates, and other items. Blister packs are pre-formed plastic packaging solutions that create a cavity or pocket, typically sealed with paperboard, foil, or plastic film. These packages are made from various materials, including polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC), polyethylene (PE), acrylonitrile butadiene styrene (ABS), and others. They are widely used across various industries, including food and beverages, pharmaceuticals, personal care and cosmetics, electronics, automotive, consumer goods, industrial goods, and more.
The rigid thermoform plastic packaging market research report is one of a series of new reports from The Business Research Company that provides rigid thermoform plastic packaging market statistics, including rigid thermoform plastic packaging industry global market size, regional shares, competitors with a rigid thermoform plastic packaging market share, detailed rigid thermoform plastic packaging market segments, market trends and opportunities, and any further data you may need to thrive in the rigid thermoform plastic packaging industry. This rigid thermoform plastic packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The rigid thermoform plastic packaging market size has grown strongly in recent years. It will grow from$31.20 billion in 2024 to $32.97 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth during the historic period can be attributed to the increasing demand for convenience packaging, the growth of the food and beverage industry, the rise of e-commerce and online shopping, sustainability initiatives and recycling trends, and innovations in plastic materials and manufacturing technologies.
The rigid thermoform plastic packaging market size is expected to see strong growth in the next few years. It will grow to$40.74 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the increasing consumer preference for sustainable packaging, the expansion of the healthcare and pharmaceuticals sector, advancements in biodegradable and compostable plastic alternatives, growing demand for premium packaging in retail, and stricter regulations on plastic waste and recycling. Major trends expected during this period include automation in production processes, the use of smart packaging technologies, integration of nanotechnology for enhanced material properties, development of 3D printing for customized packaging, and the adoption of digital printing for greater design flexibility.
The rising demand for packaged foods is expected to accelerate the growth of the rigid thermoform plastic packaging market. Packaged foods refer to pre-processed, portioned food products sealed in containers or wrappers to preserve freshness and extend shelf life. The increasing popularity of packaged foods is largely driven by convenience, as they save time and effort in meal preparation, catering to busy lifestyles and on-the-go consumption. Rigid thermoform plastic packaging plays a key role in this trend by providing robust protection, preserving freshness for extended shelf life, and offering enhanced product visibility due to its clear structure. For example, in December 2023, the International Institute of Refrigeration (IIFR), a France-based intergovernmental organization, reported that U.S. frozen food sales reached $72.2 billion in 2022, marking an 8.6% growth compared to 2021. This surge in packaged food demand is fueling the expansion of the rigid thermoform plastic packaging market.
Companies in the rigid thermoform plastic packaging market are investing in innovative technologies, such as recyclable monoFlex thermoform packaging, to minimize environmental impact and promote sustainability. Recyclable monoFlex thermoform packaging is a sustainable packaging solution made from a single polymer material, designed for easy recycling and to reduce environmental impact. For example, in November 2023, Coveris Flexibles UK, a UK-based flexible packaging company, introduced MonoFlex Thermoform, a new range of recyclable thermoforming film packaging designed to replace traditional non-recyclable materials in the food industry. Made from monomaterials such as polyethylene (PE) or polypropylene (PP) and free from nylon (PA), these films offer high barrier protection with EVOH, strong puncture resistance, and extend the shelf life of products such as meat, fish, poultry, dairy, and bakery items.
In January 2023, Lacerta Group, a U.S.-based thermoformed packaging company, acquired Portage Plastics Corporation for an undisclosed amount. This acquisition enables Lacerta Group to expand its production footprint into the Midwest, leveraging Portage Plastics' manufacturing facilities and workforce to better serve its growing customer base in the region and the Central United States. Portage Plastics Corporation specializes in custom vacuum-formed plastics, including rigid thermoform plastic packaging.
Major players in the rigid thermoform plastic packaging market are WestRock Company, Amcor Plc, DS Smith Plc, Sonoco Products Company, Huhtamaki Oyj, Dart Container Corporation, Constantia Flexibles Group GmbH, Inteplast Group Corporation, Greiner Packaging International GmbH, D&W Fine Pack LLC, Anchor Packaging LLC, Corplex UK Limited, Inline Plastics Corporation, Placon Corporation, Plastic Ingenuity Inc., Linpac Packaging Limited, Lacerta Group Inc., Display Pack Inc., EasyPak LLC, Dordan Manufacturing Company, and CJK Packaging Limited.
North America was the largest region in the rigid thermoform plastic packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in rigid thermoform plastic packaging report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the rigid thermoform plastic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The rigid thermoform plastic packaging market consists of sales of indulgent tubs, retail product packs, food portion packs, point-of-purchase displays, and food packaging containers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Rigid Thermoform Plastic Packaging Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on rigid thermoform plastic packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for rigid thermoform plastic packaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The rigid thermoform plastic packaging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.