Market Summary:
The global market for printing on thermoformed plastics had a total value of USD 39.5 billion in 2022. It is projected to increase to USD 62.3 billion by 2032, with a notable compound annual growth rate (CAGR) of 5.2% during the forecast period. A major driving force behind this revenue expansion is the growing demand for packaging solutions in various industries, including Food & Beverage (F&B), pharmaceuticals, and consumer goods. Thermoformed polymers have gained popularity in packaging due to their lightweight, durability, and cost-effectiveness.
Furthermore, the market’s revenue growth is also fueled by the increasing demand for environmentally friendly packaging alternatives. Stringent regulations implemented by governments worldwide to reduce plastic waste have led to a rising preference for eco-friendly thermoformed plastic materials, such as biodegradable polymers. Manufacturers are also focusing on developing environmentally friendly printing inks and coatings for thermoformed plastic packaging to minimize their environmental impact.
Additionally, the surging popularity of e-commerce platforms and online shopping is expected to further drive revenue growth in the market. Thermoformed plastic packaging is in high demand due to its ability to provide excellent product protection during transportation and storage.
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Thermoformed Plastics Printing Market Report Scope
| PARAMETERS | DETAILS |
| The market size value in 2022 | USD 39.5 Billion |
| CAGR (2022 – 2032) | 5.2% |
| The Revenue forecast in 2032 | USD 62.3 Billion |
| Base year for estimation | 2022 |
| Historical data | 2020-2021 |
| Forecast period | 2022-2032 |
| Quantitative units |
|
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | By Type Outlook, Application Outlook, Regional Outlook |
| By Type Outlook |
|
| By Application Outlook |
|
| Regional scope | North America; Europe; Asia Pacific; Latin America ; Middle East & Africa |
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Strategic Developments:
- Dart Container Corporation: In 2021, Dart Container Corporation introduced its ClearSeal® series of food packaging containers that are both recyclable and tamper-evident. These containers, crafted from thermoformed plastics, aim to enhance the visibility of the packaged product and extend its freshness.
- Pactiv LLC: In 2021, Pactiv LLC unveiled its EcoStar® range of thermoformed plastic printing products. These items are manufactured from recycled PET (polyethylene terephthalate) and are designed to offer eco-friendly packaging solutions suitable for various applications, including food packaging and consumer goods.
- Anchor Packaging Inc.: In 2020, Anchor Packaging Inc. released its Culinary Squares® line of thermoformed plastic packaging products. These offerings are intended to serve as an appealing and convenient packaging solution for a variety of food items such as sandwiches, salads, and desserts.
- Sabert Corporation: In 2020, Sabert Corporation introduced its Freshpack® series of thermoformed plastic packaging products. These products are designed to offer sustainable and cost-effective packaging solutions for a range of food items, including sandwiches, wraps, and salads.
- Placon Corporation: In 2020, Placon Corporation launched its Fresh ‘n Clear® line of thermoformed plastic packaging products. These products are designed to provide an attractive and durable packaging solution for a variety of food items, such as bakery products, deli items, and produce.
Leading Key Players in the Market:
The following are some of the major companies included in the global thermoformed plastics printing market report:
- Dart Container Corporation
- Pactiv LLC
- Anchor Packaging Inc.
- Sabert Corporation
- Placon Corporation
- Fabri-Kal Corporation
- Amcor Plc
- VisiPak
- Tray-Pak Corporation
- Clear Lam Packaging, Inc.
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