Global Thermoformed Plastic Market Size & Outlook
Global thermoformed plastic market, 2019-2030 (US$M)
Related Markets
Global thermoformed plastic market highlights
- The global thermoformed plastic market generated a revenue of USD 14,790.7 million in 2023 and is expected to reach USD 20,659.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.9% by 2030.
- In terms of segment, polypropylene (pp) accounted for a revenue of USD 3,246.4 million in 2023.
- Polymethyl methacrylate (PMMA) is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 14,790.7 million |
| Market revenue in 2030 | USD 20,659.8 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polymethyl methacrylate (PMMA) |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymethyl methacrylate (PMMA), Bio-degradable polymers, Polyethylene (PE), Acrylonitrile butadiene styrene (ABS), Poly vinyl chloride (PVC), High impact polystyrene (HIPS), Polystyrene (PS), Polypropylene (PP) |
Other key industry trends
- In terms of revenue, the North America accounted for 16.9% of the global thermoformed plastic market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,202.5 million by 2030.
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Thermoformed Plastic Market Scope
Thermoformed Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global thermoformed plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermoformed plastic market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 21.95% in 2023. Horizon Databook has segmented the Global thermoformed plastic market based on polymethyl methacrylate (pmma), bio-degradable polymers, polyethylene (pe), acrylonitrile butadiene styrene (abs), poly vinyl chloride (pvc), high impact polystyrene (hips), polystyrene (ps), polypropylene (pp) covering the revenue growth of each sub-segment from 2019 to 2030.
- Global Thermoformed Plastic Product Outlook (Revenue, USD Million, 2019-2030)
- Polymethyl methacrylate (PMMA)
- Bio-degradable polymers
- Polyethylene (PE)
- Acrylonitrile butadiene styrene (ABS)
- Poly vinyl chloride (PVC)
- High impact polystyrene (HIPS)
- Polystyrene (PS)
- Polypropylene (PP)
- Global Thermoformed Plastic Process Outlook (Revenue, USD Million, 2019-2030)
- Plug assist forming
- Thick gauge thermoforming
- Thin gauge thermoforming
- Vacuum snapback
- Global Thermoformed Plastic Application Outlook (Revenue, USD Million, 2019-2030)
- Healthcare & medical
- Food packaging
- Electrical & electronics
- Automotive
- Construction
- Consumer goods & appliances
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Target buyers of Global thermoformed plastic market databook
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Our clientele includes a mix of thermoformed plastic market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global thermoformed plastic market , including forecasts for subscribers. This global databook contains high-level insights into Global thermoformed plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Global thermoformed plastic market size, by regions, 2019-2030 (US$M)
Top 10 countries: Thermoformed plastic market size, 2023 (US$M)
Global thermoformed plastic market share, by product, 2023 & 2030 (%, US$M)
Thermoformed plastic market: Opportunity assessment by country
Global thermoformed plastic market, by region, 2023 (US$M)
| Product | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,057.6 | 2,108.4 | 2,266.6 | 2,377.0 | 2,493.2 | 2,615.7 | 2,745.4 | 2,879.1 | 3,019.9 | 3,168.2 | 3,325.4 | 3,487.4 | 4.9% |
| Europe | 2,905.9 | 2,953.3 | 3,148.8 | 3,275.1 | 3,407.1 | 3,545.1 | 3,690.5 | 3,838.5 | 3,993.2 | 4,154.9 | 4,325.3 | 4,498.8 | 4.1% |
| Asia Pacific | 5,532.0 | 5,703.6 | 6,169.2 | 6,509.4 | 6,869.8 | 7,251.4 | 7,658.0 | 8,080.3 | 8,527.6 | 9,001.4 | 9,506.0 | 10,030.4 | 5.6% |
| Latin America | 662.9 | 669.6 | 708.9 | 731.4 | 754.2 | 777.0 | 800.2 | 822.4 | 844.4 | 866.1 | 887.8 | 907.9 | 2.7% |
| MEA | 1,057.4 | 1,080.4 | 1,158.0 | 1,210.9 | 1,266.4 | 1,324.7 | 1,386.4 | 1,449.6 | 1,516.1 | 1,585.9 | 1,659.7 | 1,735.4 | 4.6% |
| Overall | 12,215.9 | 12,515.2 | 13,451.4 | 14,103.8 | 14,790.7 | 15,514.0 | 16,280.4 | 17,069.9 | 17,901.3 | 18,776.6 | 19,704.2 | 20,659.9 | 4.9% |
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