Global Thermoform Packaging Market - Analysis, Trends and Forecast 2024

Packaging plays an important role in protecting the damage or contamination from air, moisture, and toxins. Thermoform packaging is one of those packaging which can be used as a protector of the product. Thermoform packaging defines things that are manufactured by heating plastic in a mold to construct a rigid packaging product of a distinct shape. Shaped material can either be a thin gauge or thick dependent on the type of transforming equipment used in the manufacturing process. Furthermore, the demand of the thermoform packaging is attributed to some properties such as lightweight, versatility, secure containment, visibility and posing tamper evidence.

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Thermoform Packaging Market: Dynamics

The global thermoform packaging market is driven by the increasing growth of food & beverages industry. Thermoform packaging is used in the food & beverages industry widely not only to maintain freshness but also provide protection during shipping and transportation. In addition to this, the demand for thermoform packaging is also gaining traction in the pharmaceutical industry. Blister pack, a product type of thermoform packaging is commonly used as packaging for pharmaceutical tablets, capsules to deliver barrier protection for shelf life of the product and also a degree of tamper resistance. Moreover, these products are used widely in the physician sample drug products and over the counter (OTC) products. Thermoform packaging protects the shelf life of the products which is expected to bolster further the sales of thermoform packaging, especially for the retail sector.

Thermoform Packaging: Market Segmentation

The global thermoform packaging market is segmented on the basis of product type, coating, material and end-use industry

Based on the product type, the global thermoform packaging market is segmented into:

Blister packaging

Clamshell...