Summary

The Global Thermoform Packaging Market size is projected to grow from USD 52.2 billion in 2023 to USD 65.6 billion by 2028, at a CAGR of 4.7% from 2023 to 2028.

The thermoform packaging market is fueled by several drivers, with the growing demand for convenient packaging solutions being a primary force. This demand surge is propelled by advancements in materials and technology, allowing for the development of innovative packaging solutions that meet evolving consumer preferences and industry standards. Additionally, the versatility of thermoform packaging, which enables the creation of custom shapes and designs, further drives market growth by enhancing product visibility and shelf appeal. However, the market also faces several challenges, including stringent regulatory requirements and environmental concerns caused by plastics. Rising raw material costs and environmental concerns, such as plastic pollution, pose additional restraints on market expansion. Despite these challenges, there are ample opportunities for growth and development in the thermoform packaging market. The adoption of eco-friendly materials, such as bioplastics and recycled plastics, presents a promising opportunity for sustainable packaging solutions. Moreover, expansion into emerging markets, where there is a growing demand for packaged goods, offers untapped growth potential for industry players. Overall, successfully navigating these challenges while capitalizing on opportunities will be crucial for industry players to maintain growth and competitiveness in the dynamic thermoform packaging market landscape.

“By Type, Blister packaging segment to account for highest growth rate.”
Blister packaging segment stands out with the highest growth rate in the thermoform packaging market among blister packaging, clamshell packaging, skin packaging, and others. Blister packaging offers superior product protection and tamper resistance, ensuring the integrity of the packaged goods during transportation and storage. Its transparent design enhances product visibility, allowing consumers to inspect the contents easily, thereby influencing purchasing decisions. Additionally, blister packaging is highly versatile and suitable for a wide range of products, including pharmaceuticals, especially drug packaging, electronics, and consumer goods, contributing to its widespread adoption across various industries.

“By Material, Plastic to account for highest growth rate during the forecast period.”
Plastic demonstrates the highest growth rate in the thermoform packaging market. Firstly, plastic offers unparalleled versatility and adaptability, enabling manufacturers to create innovative packaging solutions that meet evolving consumer preferences and industry trends. Its ability to be molded into various shapes and sizes facilitates the development of customized packaging designs tailored to specific product requirements, enhancing shelf appeal and brand visibility.
“By heat seal coating, solvent-based heat seal coatings segment dominated the market in 2022.”
Solvent-based heat seal coating stands out as the dominant choice in the thermoform packaging market among solvent-based, water-based, and hot melt-based options. This preference is primarily attributed to its exceptional characteristics, including water and grease resistance, robust bonding properties, and versatility in processing at various temperatures. Solvent-based heat seal coatings provide an effective barrier against moisture and oils, ensuring the integrity and freshness of packaged products.

“By End Use Industry, Pharmaceuticals segment to account for the highest CAGR during the forecast period.”
The pharmaceutical industry emerges as the fastest-growing end-use sector, driven by several key factors. Firstly, increasing global health concerns, and the prevalence of chronic diseases, propel rising demand for pharmaceutical products and medications. Furthermore, thermoform packaging, particularly blister packaging, plays a pivotal role in pharmaceutical medicine packaging. Blister packaging, a type of thermoform packaging, offers numerous benefits, including individual dose protection, tamper resistance, and ease of handling. Its ability to provide barrier protection against moisture, light, and oxygen ensures the integrity and stability of pharmaceutical medicines, safeguarding their efficacy and safety.

“APAC to be the fastest growing region in the Thermoform packaging market.”
The Asia-Pacific (APAC) region is expected to exhibit the highest compound annual growth rate (CAGR) in the thermoform packaging market from 2023 to 2028. The Asia-Pacific (APAC) region is witnessing the fastest growth in the thermoform packaging market compared to North America, Europe, the Middle East and Africa (MEA), and South America. This growth is fuelled by factors such as the region's expanding population and rising disposable incomes, leading to increased demand for packaged goods. Additionally, rapid urbanization and industrialization in countries like China and India are driving greater manufacturing activities and, consequently, higher demand for packaging solutions.

By Company: Tier1: 40%, Tier 2: 25%, Tier3: 4: 35%
By Designation: C-Level: 35%, Director Level: 30%, Others: 35%
By Region: North America: 25%, Europe: 20%, Asia Pacific: 45%, South America: 5%, and Middle East & Africa: 5%.

Companies Covered: Amcor Limited (Australia), Sonoco Products Company (US), DS Smith (UK), Huhtamaki OYJ (Finland), WestRock company (US), and others are covered in the thermoform packaging market.
Research Coverage
The market study covers the thermoform packaging market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, applications, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the thermoform packaging market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall thermoform packaging market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Increasing e-commerce sales and growing demand from food sector), restraints (Lack of proper recycling infrastructure and not supportive to package heavy items), opportunities (Sustainable packaging solutions and investments in R&D), and challenges (Environmental impact of plastics) influencing the growth of the thermoform packaging market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the thermoform packaging market
• Market Development: Comprehensive information about lucrative markets – the report analyses the thermoform packaging market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the thermoform packaging market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Amcor Limited (Australia), Sonoco Products Company (US), DS Smith (UK), Huhtamaki OYJ (Finland), and WestRock company (US), among others in the thermoform packaging market. The report also helps stakeholders understand the pulse of the thermoform packaging market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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Table of Contents

1 INTRODUCTION 44
1.1 STUDY OBJECTIVES 44
1.2 MARKET DEFINITION 44
1.3 MARKET SCOPE 45
1.3.1 MARKET SEGMENTS COVERED 45
FIGURE 1 THERMOFORM PACKAGING MARKET SEGMENTATION 45
1.3.2 YEARS CONSIDERED 45
1.3.3 REGIONS COVERED 46
1.4 INCLUSIONS AND EXCLUSIONS 46
TABLE 1 INCLUSIONS AND EXCLUSIONS 46
1.5 CURRENCY CONSIDERED 47
1.6 UNITS CONSIDERED 47
1.7 LIMITATIONS 47
1.8 STAKEHOLDERS 47
1.9 SUMMARY OF CHANGES 48
2 RESEARCH METHODOLOGY 49
2.1 RESEARCH DATA 49
FIGURE 2 RESEARCH DESIGN 49
2.1.1 SECONDARY DATA 50
2.1.1.1 Key data from secondary sources 50
2.1.2 PRIMARY DATA 50
2.1.2.1 Key data from primary sources 51
2.1.2.2 Key industry insights 51
2.1.2.3 Breakdown of interviews with experts 52
2.2 MARKET SIZE ESTIMATION 52
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM UP APPROACH 53
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP DOWN APPROACH 53
2.3 DATA TRIANGULATION 54
FIGURE 5 DATA TRIANGULATION 54
2.4 KEY MARKET INSIGHTS 55
2.5 IMPACT OF RECESSION 55
2.6 RESEARCH ASSUMPTIONS 56
2.6.1 ASSOCIATED LIMITATIONS AND RISKS 56
2.6.2 RISK ASSESSMENT 56
3 EXECUTIVE SUMMARY 57
FIGURE 6 BLISTER PACKAGING TO ACCOUNT FOR LARGEST MARKET SHARE BY 2028 57
FIGURE 7 PLASTICS TO LEAD MARKET DURING FORECAST PERIOD 58
FIGURE 8 SOLVENT-BASED HEAT SEAL COATINGS TO LEAD MARKET DURING FORECAST PERIOD 58
FIGURE 9 FOOD & BEVERAGES INDUSTRY TO DOMINATE MARKET DURING FORECAST PERIOD 59
FIGURE 10 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD 60
4 PREMIUM INSIGHTS 61
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN THERMOFORM PACKAGING MARKET 61
FIGURE 11 ATTRACTIVE OPPORTUNITIES FOR THERMOFORM PACKAGING PLAYERS DURING FORECAST PERIOD 61
4.2 ASIA PACIFIC THERMOFORM PACKAGING MARKET, BY TYPE AND MATERIAL 61
FIGURE 12 BLISTER PACKAGING ACCOUNTED FOR LARGEST SHARE IN 2022 61
4.3 ASIA PACIFIC THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING AND END-USE INDUSTRY 62
FIGURE 13 FOOD & BEVERAGES ACCOUNTED FOR LARGEST SHARE IN 2022 62
4.4 THERMOFORM PACKAGING MARKET, BY KEY COUNTRY 62
FIGURE 14 CHINA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 62
5 MARKET OVERVIEW 63
5.1 INTRODUCTION 63
5.2 MARKET DYNAMICS 63
FIGURE 15 THERMOFORM PACKAGING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 63
5.2.1 DRIVERS 64
5.2.1.1 Growing E-commerce industry worldwide 64
FIGURE 16 GLOBAL RETAIL E-COMMERCE SALES FROM 2017 TO 2022 (USD TRILLION) 64
FIGURE 17 INDIA E-COMMERCE MARKET SIZE (USD BILLION) 65
5.2.1.2 Rising demand from food sector 65
5.2.1.3 Increasing demand from pharmaceutical industry 65
FIGURE 18 PRODUCTION IN PHARMACEUTICAL INDUSTRY (EFPIA TOTAL) 66
5.2.1.4 Cost-effectiveness 66
5.2.2 RESTRAINTS 66
5.2.2.1 Provides limited barrier properties and does not support heavy items 66
5.2.2.2 Lack of proper recycling infrastructure 67
5.2.2.3 Compliance with stringent regulations 67
5.2.3 OPPORTUNITIES 67
5.2.3.1 Investments in R&D activities 67
5.2.3.2 Sustainable packaging solutions to meet growing consumer demand and preferences 67
5.2.4 CHALLENGES 68
5.2.4.1 Environmental impact of plastics 68
FIGURE 19 GLOBAL GROWTH OF PLASTIC CONSUMPTION, 2019 VS. 2060 68
5.2.4.2 Highly competitive market 69
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 69
5.3.1 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 69
FIGURE 20 REVENUE SHIFT FOR THERMOFORM PACKAGING MANUFACTURERS 70
5.4 PRICING ANALYSIS 71
5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY 71
FIGURE 21 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 END-USE INDUSTRIES 71
TABLE 2 AVERAGE PRICE TREND OF KEY PLAYERS, BY TOP 3 END-USE INDUSTRIES (USD/KG), 2022 71
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION 72
FIGURE 22 AVERAGE SELLING PRICE TREND, BY REGION (USD/KG) 72
TABLE 3 AVERAGE PRICE TREND OF THERMOFORM PACKAGING PRODUCTS, BY REGION (USD/KG) 72
5.5 VALUE CHAIN ANALYSIS 72
FIGURE 23 THERMOFORM PACKAGING MARKET: VALUE CHAIN ANALYSIS 73
5.6 ECOSYSTEM/MARKET MAP 74
FIGURE 24 THERMOFORM PACKAGING MARKET: ECOSYSTEM MAPPING 74
TABLE 4 ECOSYSTEM OF THERMOFORM PACKAGING MARKET 74
5.7 TECHNOLOGY ANALYSIS 75
5.7.1 KEY TECHNOLOGIES 75
5.7.1.1 Advanced Forming Techniques 75
5.7.1.2 Bio-based and Recyclable Materials 76
5.7.1.3 Molds, Plugs, and Inserts 76
5.7.2 COMPLEMENTARY TECHNOLOGY 76
5.7.2.1 Modified Atmosphere Packaging (MAP) technology 76
5.7.3 ADJACENT TECHNOLOGY 77
5.7.3.1 Integration of smart technologies 77
5.8 PATENT ANALYSIS 77
5.8.1 INTRODUCTION 77
5.8.2 METHODOLOGY 77
5.8.3 THERMOFORM PACKAGING MARKET, PATENT ANALYSIS (2013–2022) 77
FIGURE 25 MAJOR PATENTS FOR THERMOFORM PACKAGING MARKET (2013–2022) 78
TABLE 5 PATENTS FOR THERMOFORM PACKAGING 78
5.9 TRADE ANALYSIS 81
FIGURE 26 EXPORT SCENARIO, HS CODE 847740: VACUUM-MOLDING MACHINES AND OTHER THERMOFORMING MACHINES FOR WORKING RUBBER OR PLASTICS (USD MILLION) 81
FIGURE 27 IMPORT SCENARIO, HS CODE 847740: VACUUM-MOULDING MACHINES AND OTHER THERMOFORMING MACHINES FOR WORKING RUBBER OR PLASTICS (USD MILLION) 82
5.10 KEY CONFERENCES AND EVENTS IN 2024–2025 82
TABLE 6 THERMOFORM PACKAGING MARKET: KEY CONFERENCES & EVENTS, 2024–2025 82
5.11 TARIFF AND REGULATORY LANDSCAPE 83
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 7 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 8 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
5.11.2 AVERAGE TARIFF RATES 84
TABLE 9 TARIFF RELATED TO VACUUM-MOLDING MACHINES AND OTHER THERMOFORMING MACHINES FOR WORKING RUBBER OR PLASTICS 84
5.11.3 REGULATIONS IN BLISTER PACKAGING MARKET 85
TABLE 10 REGULATIONS IN BLISTER PACKAGING MARKET 85
5.11.4 REGULATORY COMPLIANCE OF THERMOFORMED TRAYS FOR MEDICAL DEVICES 85
TABLE 11 REGULATIONS RELATED TO THERMOFORM PACKAGING IN MEDICAL DEVICES 86
5.12 PORTER’S FIVE FORCES ANALYSIS 86
FIGURE 28 THERMOFORM PACKAGING MARKET: PORTER’S FIVE FORCES ANALYSIS 86
TABLE 12 THERMOFORM PACKAGING MARKET: PORTER’S FIVE FORCES ANALYSIS 87
5.12.1 THREAT OF NEW ENTRANTS 87
5.12.2 THREAT OF SUBSTITUTES 87
5.12.3 BARGAINING POWER OF SUPPLIERS 88
5.12.4 BARGAINING POWER OF BUYERS 88
5.12.5 INTENSITY OF COMPETITIVE RIVALRY 88
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 89
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 89
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 89
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF THERMOFORM PACKAGING MARKET 89
5.13.2 BUYING CRITERIA 90
FIGURE 30 KEY BUYING CRITERIA OF THERMOFORM PACKAGING MARKET 90
TABLE 14 THERMOFORM PACKAGING MARKET: KEY BUYING CRITERIA 90
5.14 CASE STUDY ANALYSIS 90
5.14.1 THERMOFORM PACKAGING MANUFACTURER HELPED FOOD COMPANY IN ITS BRAND RECOGNITION NEEDS 90
5.14.2 MAJOR THERMOFORM PACKAGING COMPANY HELPED BRAND MEET ITS SUSTAINABILITY REQUIREMENTS 91
5.15 MACROECONOMIC INDICATORS 91
5.15.1 INTRODUCTION 91
5.15.2 GDP TRENDS AND FORECASTS 91
TABLE 15 WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION) 92
5.16 INVESTMENT AND FUNDING SCENARIO 92
FIGURE 31 INVESTMENT AND FUNDING SCENARIO: THERMOFORM PACKAGING MARKET 92
6 THERMOFORM PACKAGING MARKET, BY TYPE 93
6.1 INTRODUCTION 94
FIGURE 32 THERMOFORMED BLISTER PACKAGING TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028 94
TABLE 16 THERMOFORM PACKAGING MARKET, BY TYPE, 2017–2020 (USD MILLION) 94
TABLE 17 THERMOFORM PACKAGING MARKET, BY TYPE, 2017–2020 (KILOTON) 95
TABLE 18 THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 95
TABLE 19 THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 95
6.2 BLISTER PACKAGING 95
6.2.1 WIDE USE IN HEALTHCARE SECTOR TO DRIVE MARKET 95
6.3 CLAMSHELL PACKAGING 96
6.3.1 APPLICATION IN ELECTRONICS INDUSTRY TO BOOST MARKET 96
6.4 SKIN PACKAGING 96
6.4.1 WIDE DEPLOYMENT IN FOOD & BEVERAGE INDUSTRY TO FUEL MARKET 96
6.5 OTHER TYPES 96
7 THERMOFORM PACKAGING MARKET, BY MATERIAL 97
7.1 INTRODUCTION 98
FIGURE 33 PLASTIC SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 98
TABLE 20 THERMOFORM PACKAGING MARKET, BY MATERIAL, 2017–2020 (USD MILLION) 98
TABLE 21 THERMOFORM PACKAGING MARKET, BY MATERIAL, 2017–2020 (KILOTON) 98
TABLE 22 THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 99
TABLE 23 THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 99
7.2 PLASTIC 99
7.2.1 HIGH DEMAND IN BLISTER PACKAGING TO BOOST MARKET 99
7.2.2 PP 99
7.2.3 PET 100
7.2.4 POLYSTYRENE 100
7.2.5 PE 100
7.2.6 PVC 100
7.2.7 OTHER PLASTIC MATERIALS 101
TABLE 24 PLASTIC: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 101
TABLE 25 PLASTIC: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 101
7.3 ALUMINUM 102
7.3.1 INCREASING DEMAND FROM PHARMACEUTICAL INDUSTRY TO DRIVE MARKET 102
7.4 PAPER & PAPERBOARD 102
7.4.1 LIGHTWEIGHT, COST-EFFECTIVE, ENVIRONMENT-FRIENDLY, AND EXCELLENT PROTECTION PROPERTIES TO DRIVE MARKET 102
8 THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING 103
8.1 INTRODUCTION 104
FIGURE 34 SOLVENT-BASED HEAT SEAL COATINGS TO DOMINATE MARKET DURING FORECAST PERIOD 104
TABLE 26 THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2017–2020 (USD MILLION) 104
TABLE 27 THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2017–2020 (KILOTON) 104
TABLE 28 THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 105
TABLE 29 THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 105
8.2 SOLVENT-BASED HEAT SEAL COATING 105
8.2.1 WIDE USE IN FLEXIBLE PACKAGING APPLICATIONS TO DRIVE MARKET 105
8.3 WATER-BASED HEAT SEAL COATING 106
8.3.1 EXTENSIVE USE IN PLASTIC FILMS AND BLISTER PACKAGING TO BOOST MARKET 106
8.4 HOT-MELT-BASED HEAT SEAL COATING 106
8.4.1 SUSTAINABLE AND ENVIRONMENT-FRIENDLY PACKAGING TO FUEL DEMAND 106
9 THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY 107
9.1 INTRODUCTION 108
FIGURE 35 FOOD & BEVERAGES INDUSTRY TO DOMINATE DURING FORECAST PERIOD 108
TABLE 30 THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 108
TABLE 31 THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 109
TABLE 32 THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 109
TABLE 33 THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 109
9.2 FOOD & BEVERAGES 110
9.2.1 HIGH DEMAND FOR CLAMSHELL PACKAGING TO DRIVE MARKET 110
9.3 PHARMACEUTICALS 110
9.3.1 INCREASING DEMAND FOR BLISTER PACKAGING TO DRIVE MARKET 110
9.4 ELECTRONICS 110
9.4.1 PRESSING NEED FOR CLAMSHELLS AND DETAILED TRAYS TO BOOST MARKET 110
9.5 HOME & PERSONAL CARE 111
9.5.1 WIDE USE IN COSMETICS AND HOME CARE PRODUCTS TO BOOST MARKET 111
9.6 OTHER END-USE INDUSTRIES 111
10 THERMOFORM PACKAGING MARKET, BY REGION 112
10.1 INTRODUCTION 113
FIGURE 36 CHINA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD 113
FIGURE 37 ASIA PACIFIC MARKET TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 114
TABLE 34 THERMOFORM PACKAGING MARKET, BY REGION, 2021–2028 (USD MILLION) 114
TABLE 35 THERMOFORM PACKAGING MARKET, BY REGION, 2021–2028 (KILOTON) 114
10.2 ASIA PACIFIC 115
10.2.1 IMPACT OF RECESSION ON ASIA PACIFIC 115
FIGURE 38 ASIA PACIFIC: THERMOFORM PACKAGING MARKET SNAPSHOT 116
TABLE 36 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 116
TABLE 37 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY COUNTRY, 2021–2028 (KILOTON) 117
TABLE 38 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY TYPE, 2017–2020 (USD MILLION) 117
TABLE 39 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY TYPE, 2017–2020 (KILOTON) 117
TABLE 40 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 117
TABLE 41 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 118
TABLE 42 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2017–2020 (USD MILLION) 118
TABLE 43 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2017–2020 (KILOTON) 118
TABLE 44 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 119
TABLE 45 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 119
TABLE 46 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2017–2020 (USD MILLION) 119
TABLE 47 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2017–2020 (KILOTON) 119
TABLE 48 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 120
TABLE 49 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 120
TABLE 50 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 120
TABLE 51 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 121
TABLE 52 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 121
TABLE 53 ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 121
10.2.2 CHINA 122
10.2.2.1 Significant growth of food & beverage industry to drive market 122
TABLE 54 CHINA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 122
TABLE 55 CHINA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 122
TABLE 56 CHINA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 123
TABLE 57 CHINA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 123
TABLE 58 CHINA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 123
TABLE 59 CHINA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 123
TABLE 60 CHINA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 124
TABLE 61 CHINA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 124
10.2.3 INDIA 124
10.2.3.1 Growth of retail industry and boom in e-commerce to fuel demand for thermoform packaging 124
TABLE 62 INDIA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 125
TABLE 63 INDIA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 125
TABLE 64 INDIA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 125
TABLE 65 INDIA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 125
TABLE 66 INDIA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 126
TABLE 67 INDIA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 126
TABLE 68 INDIA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 126
TABLE 69 INDIA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 127
10.2.4 JAPAN 127
10.2.4.1 Rising disposable income and rapid urbanization to drive market 127
TABLE 70 JAPAN: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 127
TABLE 71 JAPAN: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 128
TABLE 72 JAPAN: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 128
TABLE 73 JAPAN: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 128
TABLE 74 JAPAN: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 128
TABLE 75 JAPAN: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 129
TABLE 76 JAPAN: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 129
TABLE 77 JAPAN: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 129
10.2.5 AUSTRALIA 130
10.2.5.1 Growth of chemical and plastic industries to boost demand for packaging solutions 130
TABLE 78 AUSTRALIA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 130
TABLE 79 AUSTRALIA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 130
TABLE 80 AUSTRALIA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 131
TABLE 81 AUSTRALIA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 131
TABLE 82 AUSTRALIA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 131
TABLE 83 AUSTRALIA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 132
TABLE 84 AUSTRALIA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 132
TABLE 85 AUSTRALIA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 132
10.2.6 REST OF ASIA PACIFIC 133
TABLE 86 REST OF ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 133
TABLE 87 REST OF ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 133
TABLE 88 REST OF ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 134
TABLE 89 REST OF ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 134
TABLE 90 REST OF ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 134
TABLE 91 REST OF ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 135
TABLE 92 REST OF ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 135
TABLE 93 REST OF ASIA PACIFIC: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 135
10.3 NORTH AMERICA 136
10.3.1 IMPACT OF RECESSION ON NORTH AMERICA 136
FIGURE 39 NORTH AMERICA: THERMOFORM PACKAGING MARKET SNAPSHOT 136
TABLE 94 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 137
TABLE 95 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY COUNTRY, 2021–2028 (KILOTON) 137
TABLE 96 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY TYPE, 2017–2020 (USD MILLION) 137
TABLE 97 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY TYPE, 2017–2020 (KILOTON) 137
TABLE 98 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 138
TABLE 99 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 138
TABLE 100 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2017–2020 (USD MILLION) 138
TABLE 101 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2017–2020 (KILOTON) 138
TABLE 102 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 139
TABLE 103 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 139
TABLE 104 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2017–2020 (USD MILLION) 139
TABLE 105 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2017–2020 (KILOTON) 139
TABLE 106 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 140
TABLE 107 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 140
TABLE 108 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 140
TABLE 109 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 141
TABLE 110 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 141
TABLE 111 NORTH AMERICA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 141
10.3.2 US 142
10.3.2.1 Robust sales of consumer durables to drive market 142
TABLE 112 US: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 142
TABLE 113 US: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 142
TABLE 114 US: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 143
TABLE 115 US: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 143
TABLE 116 US: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 143
TABLE 117 US: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 143
TABLE 118 US: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 144
TABLE 119 US: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 144
10.3.3 CANADA 144
10.3.3.1 Rising demand from food & beverages and home & personal care industries to drive market 144
TABLE 120 CANADA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 145
TABLE 121 CANADA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 145
TABLE 122 CANADA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 145
TABLE 123 CANADA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 146
TABLE 124 CANADA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 146
TABLE 125 CANADA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 146
TABLE 126 CANADA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 147
TABLE 127 CANADA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 147
10.3.4 MEXICO 147
10.3.4.1 Growing food & beverage, home & personal care, and consumer durables industries to boost market 147
TABLE 128 MEXICO: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 148
TABLE 129 MEXICO: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 148
TABLE 130 MEXICO: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 148
TABLE 131 MEXICO: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 148
TABLE 132 MEXICO: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 149
TABLE 133 MEXICO: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 149
TABLE 134 MEXICO: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 149
TABLE 135 MEXICO: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 150
10.4 EUROPE 150
10.4.1 IMPACT OF RECESSION ON EUROPE 150
TABLE 136 EUROPE: THERMOFORM PACKAGING MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 151
TABLE 137 EUROPE: THERMOFORM PACKAGING MARKET, BY COUNTRY, 2021–2028 (KILOTON) 151
TABLE 138 EUROPE: THERMOFORM PACKAGING MARKET, BY TYPE, 2017–2020 (USD MILLION) 151
TABLE 139 EUROPE: THERMOFORM PACKAGING MARKET, BY TYPE, 2017–2020 (KILOTON) 152
TABLE 140 EUROPE: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 152
TABLE 141 EUROPE: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 152
TABLE 142 EUROPE: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2017–2020 (USD MILLION) 152
TABLE 143 EUROPE: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2017–2020 (KILOTON) 153
TABLE 144 EUROPE: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 153
TABLE 145 EUROPE: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 153
TABLE 146 EUROPE: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2017–2020 (USD MILLION) 153
TABLE 147 EUROPE: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2017–2020 (KILOTON) 154
TABLE 148 EUROPE: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 154
TABLE 149 EUROPE: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 154
TABLE 150 EUROPE: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 155
TABLE 151 EUROPE: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 155
TABLE 152 EUROPE: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 155
TABLE 153 EUROPE: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 156
10.4.2 GERMANY 156
10.4.2.1 Extensive demand for packaged food to drive market 156
TABLE 154 GERMANY: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 156
TABLE 155 GERMANY: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 157
TABLE 156 GERMANY: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 157
TABLE 157 GERMANY: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 157
TABLE 158 GERMANY: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 157
TABLE 159 GERMANY: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 158
TABLE 160 GERMANY: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 158
TABLE 161 GERMANY: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 158
10.4.3 ITALY 159
10.4.3.1 Rising demand from retail and healthcare industries to drive market 159
TABLE 162 ITALY: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 159
TABLE 163 ITALY: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 159
TABLE 164 ITALY: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 160
TABLE 165 ITALY: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 160
TABLE 166 ITALY: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 160
TABLE 167 ITALY: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 160
TABLE 168 ITALY: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 161
TABLE 169 ITALY: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 161
10.4.4 FRANCE 161
10.4.4.1 Increasing demand from pharmaceuticals industry to boost market 161
TABLE 170 FRANCE: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 162
TABLE 171 FRANCE: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 162
TABLE 172 FRANCE: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 162
TABLE 173 FRANCE: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 163
TABLE 174 FRANCE: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 163
TABLE 175 FRANCE: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 163
TABLE 176 FRANCE: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 164
TABLE 177 FRANCE: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 164
10.4.5 UK 164
10.4.5.1 Growth of healthcare industry to drive market 164
TABLE 178 UK: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 165
TABLE 179 UK: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 165
TABLE 180 UK: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 165
TABLE 181 UK: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 165
TABLE 182 UK: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 166
TABLE 183 UK: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 166
TABLE 184 UK: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 166
TABLE 185 UK: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 167
10.4.6 REST OF EUROPE 167
TABLE 186 REST OF EUROPE: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 167
TABLE 187 REST OF EUROPE: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 167
TABLE 188 REST OF EUROPE: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 168
TABLE 189 REST OF EUROPE: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 168
TABLE 190 REST OF EUROPE: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 168
TABLE 191 REST OF EUROPE: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 169
TABLE 192 REST OF EUROPE: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 169
TABLE 193 REST OF EUROPE: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 169
10.5 SOUTH AMERICA 170
10.5.1 IMPACT OF RECESSION ON SOUTH AMERICA 170
TABLE 194 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 170
TABLE 195 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY COUNTRY, 2021–2028(KILOTON) 170
TABLE 196 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY TYPE, 2017–2020 (USD MILLION) 171
TABLE 197 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY TYPE, 2017–2020 (KILOTON) 171
TABLE 198 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 171
TABLE 199 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 171
TABLE 200 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2017–2020 (USD MILLION) 172
TABLE 201 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2017–2020 (KILOTON) 172
TABLE 202 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 172
TABLE 203 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 172
TABLE 204 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2017–2020 (USD MILLION) 173
TABLE 205 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2017–2020 (KILOTON) 173
TABLE 206 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 173
TABLE 207 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 174
TABLE 208 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 174
TABLE 209 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 174
TABLE 210 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 175
TABLE 211 SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 175
10.5.2 BRAZIL 175
10.5.2.1 Rising consumption of packaged foods to boost demand for flexible packaging 175
TABLE 212 BRAZIL: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 176
TABLE 213 BRAZIL: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 176
TABLE 214 BRAZIL: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 176
TABLE 215 BRAZIL: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 176
TABLE 216 BRAZIL: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 177
TABLE 217 BRAZIL: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 177
TABLE 218 BRAZIL: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 177
TABLE 219 BRAZIL: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 178
10.5.3 ARGENTINA 178
10.5.3.1 Rise in consumption of meat products to drive market 178
TABLE 220 ARGENTINA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 178
TABLE 221 ARGENTINA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 179
TABLE 222 ARGENTINA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 179
TABLE 223 ARGENTINA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 179
TABLE 224 ARGENTINA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 179
TABLE 225 ARGENTINA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 180
TABLE 226 ARGENTINA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 180
TABLE 227 ARGENTINA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 180
10.5.4 REST OF SOUTH AMERICA 181
TABLE 228 REST OF SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (USD MILLION) 181
TABLE 229 REST OF SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY TYPE, 2021–2028 (KILOTON) 181
TABLE 230 REST OF SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 181
TABLE 231 REST OF SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY MATERIAL, 2021–2028 (KILOTON) 182
TABLE 232 REST OF SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (USD MILLION) 182
TABLE 233 REST OF SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY HEAT SEAL COATING, 2021–2028 (KILOTON) 182
TABLE 234 REST OF SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (USD MILLION) 183
TABLE 235 REST OF SOUTH AMERICA: THERMOFORM PACKAGING MARKET, BY END-USE INDUSTRY, 2021–2028 (KILOTON) 183