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The United States and Canada Thermoforming Market was valued at USD 20,382.31 Million in 2019 and is projected to reach USD 24,550.34 Million by 2027, at long term CAGR of 4.86 % from 2020 to 2027.
Increasing product demand in different application sectors including food, healthcare, and medical packaging; automobile; electrical and electronics; construction; and industrial goods & equipment due to its cost-effectiveness is a leading reason that has boosted the growth of the market. Thermoformed plastics are preferred over wood or glass for food packaging as these plastics are lightweight, flexible, bacteria-resistant, and odor-free and displays high moisture barrier.
This report provides an all-inclusive environment of the analysis for the Global United States and Canada Thermoforming Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Global United States and Canada Thermoforming Market growth.
Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Global United States and Canada Thermoforming Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Global United States and Canada Thermoforming Market.
The United States and Canada Thermoforming Market is segmented on the basis of End User, Application, Material, and Geography. The report provides a valuable insight with an emphasis on the market including some of the major players such as E.I. du Pont de Nemours and Company, West Rock Company, Amcor PLC, Pactiv LLC, Anchor Packaging Inc, Sonoco Products Company, Sealed Air Corporation, Genpak, LLC, and Silgan Holdings Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Outlook
4.1 United States and Canada Thermoforming Market Outlook
4.2 Market Drivers
4.2.1 Growing Demand from Food Packaging Industry
4.2.2 Growing Demand from Healthcare & Pharmaceutical Industry
4.3 Market Restraints
4.3.1 Stringent Rules and Regulations Imposed on the Usage of Plastic Products
4.3.2 High Labor Cost and Fluctuation Raw Material Prices
4.4 Market Opportunities
4.4.1 Investment in R&D Activities
4.4.2 Sustainable Trends Concerning Thermoforming Materials
4.5 Impact of Covid – 19 on United States and Canada Thermoforming Market
5 Market, by Application
6 Market, by End-user
7 Market, by Material
8 Market, by Geography
9 Competitive Landscape
10 Company Profiles
- E.I. du Pont de Nemours and Company
- West Rock Company
- Amcor PLC
- Pactiv LLC
- Anchor Packaging Inc
- Sonoco Products Company
- Sealed Air Corporation
- Genpak LLC
- Silgan Holdings Inc
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