Market revenue in 2023 | USD 514.0 million |
Market revenue in 2030 | USD 679.1 million |
Growth rate | 4.1% (CAGR from 2023 to 2030) |
Largest segment | Polypropylene (pp) |
Fastest growing segment | Polymethyl methacrylate (PMMA) |
Historical data | 2019 - 2022 |
Base year | 2023 |
Forecast period | 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) |
Key market players worldwide | Pactiv Evergreen Inc Ordinary Shares, Genpak, Sonoco Products Co, Packaging Corp of America, PLACON, Brentwood Industries, Greiner Bio-One, Palram Industries (1990) Ltd |
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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 21.93% in 2023. Horizon Databook has segmented the Italy 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.
Italy is a hub for oil & gas industry in Europe. The region’s end-use growth is followed by manufacturing & industrial production and healthcare and pharmaceutical industries. The demand for thermoformed plastics in the manufacturing industry is observed to have risen over the past couple of years along with their demand in pharmaceutical industry.
These factors are estimated to significantly boost the demand for thermoformed plastics in the country. Furthermore, Italy is one of the most affected countries by the COVID-19 pandemic.
Therefore, various healthcare equipment-manufacturing companies, in an effort to combat the pandemic, have started producing masks, surgical equipment and medical kit using thermoformed plastics on a bigger scale.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy thermoformed plastic market , including forecasts for subscribers. This country databook contains high-level insights into Italy thermoformed plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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