Thermoformed container sales surpassed 185 billion units in 2018, equaling a market value worth US$ 15.9 billion. FMI’s new study forecasts that the thermoformed containers market volume sales will grow at 3.7% in 2019. The projected growth of the thermoformed containers market can be attributed to,
An extensive penetration of thermoforming material in daily applications
Developments in thermoforming container manufacturing technology,
particularly the implementation of 3D printing tools
Initiatives of manufacturers as well as national governments towards
recycling of thermoforming materials
Introduction of easily recyclable, more effective and application-specific
thermoforming containers
“As an efficient, durable and safer mode of packaging, thermoformed
containers have penetrated in a wide range of applications ranging from
consumer goods to medical packaging. With the advent of 3D printing tools,
manufacturing capacities of thermoforming are set to expand in the future. And
on the back of increased efforts in recycling, thermoformed containers are
likely to observe steady growth prospects in the coming years wherein volume
sales are expected to reach 191 billion units in 2019, totaling revenues worth
US$ 16.6 billion,” says FMI.
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Thermoformed Trays and Lids Segment Lucrative, Blisters are Top Selling
The study finds that trays and lids continue to garner greater revenues
while blisters remain top-selling product and held one-third of the global
sales in 2018. Thermoformed trays and lids accounted for over one-fifth of the
sales and remained the most lucrative segment.
Increased use of blister packaging has led manufacturers to introduce
various innovations in the form of enhanced protective features, production and
technology integration and sustainability. In particular, pharmaceutical
packaging manufacturers are leveraging these innovations in the blister
packaging to meet the evolving expectations of stakeholders while maintaining a
good profit margin.
Thermoformed trays and lids are highly embraced by end-users owing to their
versatility in design manufacturing and customization for brand marketing.
Also, efficient sealable feature combined with effective resealing extends the
application scope of thermoformed trays and lids across end-user industries
ranging from food to pharma.
Over 3 in 10 Thermoformed Containers Sold in 2018 were of Polyenthylene
The study finds that polyethylene thermoformed containers accounted for over
one-third volume sold in 2018. Polypropylene remains the second most preferred
material and accounted for over one-fifth share of the total thermoformed
containers sold in 2018.
Polyethylene fits well in the packaging industry’s trending material
features such as light-weight and strength. High density polyethylene (HDPE) is
one of the highly dependable material among different polymers used across
thermoforming container applications. Along with rigidity, polyethylene
provides resistance to stains, odors and moisture- characteristics that are
highly embraced across industrial applications.
Well aware of polyethylene’s popularity, manufacturers provide a number of
options with respect to shape, color, size and thickness, implying its
widespread adoption.
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4 in 10 Thermoformed Containers Sold to Food and Beverage Industry in 2018
The study reveals that the food and beverage industry continues to register
increasing demand for thermoformed containers and accounted for 40% sales in
2018. Growing demand for canned and packaged food on the back of changing
lifestyles and urbanization is contributing to the sales of thermoformed
containers in the food and beverage industry. A trend of ready-to-eat food and
a growing emphasis on hygienic packaging further increases demand for
thermoformed containers in the F&B sector.
Sales in the pharmaceutical industry remained the second largest, accounting
for 3 in 10 thermoformed containers’ sales in 2018. Blisters are the highly
embraced packaging products, especially for medicines whose sales have
increased exponentially over the past few years.
Thermoformed Containers Sales Spearheaded by APEJ
The FMI study opines that APEJ spearheads the thermoformed container consumption.
In 2018, the region accounted for over one-third of the global volume sales
with China at the helm of thermoformed container sales in APEJ. The region
presents lucrative opportunities for manufacturers with the availability of raw
materials, low-cost labor and significant demand for thermoformed packaging
from end-use applications. Also, investments in food and beverage as well as
pharmaceutical packaging is increasing with the expanding middle class and
improving economic scenario.
The FMI report tracks the thermoformed containers market for the period
2019-2027. According to the report, the thermoformed containers market is
projected to grow at 4% volume CAGR through 2027.
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