Portland, OR -- (SBWIRE) -- 02/20/2018 -- Thermoform Packaging Market Report, published by Allied Market Research, forecasts that the global market was valued at $34,044 million in 2015, and is expected to reach $49,804 million by 2022, supported by a CAGR of 5.5% during the forecast period 2016 - 2022. Based on end-user industry, food & beverage segment occupied major share of the total market in 2015.

Get PDF Brochure For Details: https://www.alliedmarketresearch.com/request-sample/1917

Rise in application in food & beverage packaging industry drive the growth of the global thermoform packaging market. Thermoform packages are light, odor-free, flexible, and moisture-free, and are thus preferred over wood and glass. Owing to these superior properties, the demand for thermoform packaging is expected to grow in the near future. Growth in consumer preference towards packaged and fresh food is also expected to augment growth of the global thermoform packaging market. Besides, macro-economic factors such as changes in lifestyle and improvement in standard of living are also expected to boost demand for thermoform packaging during the forecast period. Furthermore, emerging trends such as advancements in thermoform manufacturing technology, shift toward lightweight packaging, and rise in use of polylactic acid (PLA) films in thermoforming are expected to offer lucrative opportunities for the global thermoform packaging market during the forecast period.

The global thermoform packaging market is segmented based on material, type, heat seal coating, end-user industry, and geography. According to material, the market is categorized into plastics, aluminum, and paper & paperboard. The plastics segment is further classified into polyvinyl chloride (PVC), polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polystyrene (PS), acrylonitrile butadiene styrene (ABS) and others. Based on type, it is divided into clamshell packaging, blister packaging, skin packaging, and others. Based on heat seal coating, it is segmented into water-based, solvent-based, and hot melt-based heat seal coatings. According to end-user industry, the market is segregated into food & beverage, electronics, personal care & cosmetics, pharmaceuticals, and others.

Connect to analyst: https://www.alliedmarketresearch.com/connect-to-analyst/1917

Thermoform Packaging Market Key Segmentation:
By Material
Plastics
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polyethylene (PE)
Polypropylene (PP)
Polystyrene (PS)
Acrylonitrile Butadiene Styrene (ABS)
Others (Cellulose Acetate, etc.)
Aluminum
Paper & Paperboard