The North America rigid thermoform plastic packaging market demonstrates steady growth due to its wide application in various industries. Thermoforming plastic, with its flexibility, cost-effectiveness, and versatility, is extensively used in packaging solutions like plastic clamshell trays, blisters, and lidding film. Continuous advancements in thermoforming technologies and the shift towards sustainable packaging further contribute to the market's positive outlook in North America.
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Data Bridge Market Research analyses that the North America Rigid Thermoform Plastic Packaging Market is expected to reach USD 290.53 billion by 2030, which was USD 207.8 billion in 2022, registering a CAGR of 4.82% during the forecast period of 2023 to 2030. The increasing demand from industries such as food and beverage, pharmaceuticals, personal care, and electronics drives the growth of the North America Rigid Thermoform Plastic Packaging Market as these industries rely on it for product protection, preservation, and appealing presentation.
Key Findings of the Study
The growth of the e-commerce and retail industry is expected to drive the market's growth rate
The growth of the e-commerce and retail industry is a key driver of the North America rigid thermoform plastic packaging market. With the rise in online shopping and the need for secure and visually appealing packaging, rigid thermoform plastic packaging has gained popularity. It offers convenience, protection, and branding opportunities for products, meeting the demands of e-commerce and retail businesses. The need for efficient packaging solutions to enhance the customer experience drives the market growth in North America.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Polymethyl Methacrylate (PMMA), Bio-Degradable Polymers, Polyethylene, Acrylonitrile Butadiene Styrene (ABS), Polyvinyl Chloride (PVC), High Impact Polystyrene, Polystyrene, Polypropylene (PP)), Packaging Product (Bottles And Jars, Trays, Tubs, Cups, Others), Process (Plug Assist Forming, Thick Gauge Thermoforming, Thin Gauge Thermoforming, Vacuum Snapback), Manufacturing Process (Extrusion, Injection Molding, Others ), Application (Food And Beverage, Personal Care, Medical And Healthcare, Electrical And Electronics, Automotive, Construction, Consumer Goods And Appliances, Others), End-User (Food And Beverage, Personal Care, Household, Healthcare, Others)
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Countries Covered
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U.S., Canada and Mexico in North America,
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Market Players Covered
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ALPLA (Austria), Amcor plc (Australia), DS Smith (U.K.), Klöckner Pentaplast (Germany), Berry Global Inc.(U.S.), Pactiv Evergreen Inc.(U.S.), Sonoco Products Company (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The North America rigid thermoform plastic packaging market has segments into product, packaging, process, manufacturing process, application, and end-user.
- On the basis of product, the North America rigid thermoform plastic packaging market is segmented into polymethyl methacrylate (PMMA), bio-degradable polymers, polyethylene, acrylonitrile butadiene styrene (ABS), polyvinyl chloride (PVC), high impact polystyrene, polystyrene, polypropylene (PP).
- On the basis of packaging product, , the North America rigid thermoform plastic packaging market is segmented into bottles and jars, trays, tubs, cups, others.
- On the basis of process, the North America rigid thermoform plastic packaging market is segmented into plug assist forming, thick gauge thermoforming, thin gauge thermoforming, vacuum snapback.
- On the basis of manufacturing process, the North America rigid thermoform plastic packaging market is segmented into extrusion, injection molding, others.
- On the basis of application, the North America rigid thermoform plastic packaging market is segmented into food and beverage, personal care, medical and healthcare, electrical and electronics, automotive, construction, consumer goods and appliances, others.
- On the basis of end-user, the North America rigid thermoform plastic packaging market is segmented into food and beverage, personal care, household, healthcare, others.
Major Players
Data Bridge Market Research recognizes the following companies as the major North America rigid thermoform plastic packaging market players in North America rigid thermoform plastic packaging market are ALPLA (Austria), Amcor plc (Australia), DS Smith (U.K.), Klöckner Pentaplast (Germany), Berry Global Inc.(U.S.), Pactiv Evergreen Inc.(U.S.), Sonoco Products Company (U.S.)
Market Development
- In 2021, Coexpan introduced packaging solutions using its mono-material coexshield pet or pp trays for produced food applications, increasing shelf-life from 7 to 12 days. These high-barrier mono-materials, developed at Coexpan's innovation and technology center, aim to replace complex laminates with food-safe additives.
- In July 2022: Alpla acquired Apon, a Polish company specializing in plastic containers for the pharmaceutical market. Apon's product range includes bottles, containers with closures, dose aids, and packaging for food supplements and e-liquids. This acquisition enables Alpla to expand its presence in Central and Eastern Europe, serving the Baltic nations and emerging markets in Poland with high-quality packaging solutions.
- In March 2022: Berry Global Group partnered with skincare company Koa Corporation to introduce body moisturizer bottles and cleaners made entirely from recycled plastic. Berry Global's manufacturing plant in Virginia produces PET bottles using 100% PCR (post-consumer recycled) material and silk-screen decorating.
- In 2022, Amcor Plc introduced a groundbreaking lightweighting technology that eliminates over 50% of the material in the finish of packaging. This two-step process helps businesses meet sustainability goals while maintaining a premium appearance and feel for their bottles. The innovation marks a significant advancement for the future of packaging.
- In 2022, Pactiv Inc. announced its acquisition of Fabri-Kal, a leading producer of packaging solutions for the foodservice and consumer brands industries. The acquisition was made through Pactiv's subsidiary, Pactiv Evergreen Group Holdings Inc. Fabri-Kal offers a range of products including portion cups, lids, clamshells, drink cups, and yogurt containers. Notably, approximately half of Fabri-Kal's sales come from fully compostable or fully recyclable packaging products.
Regional Analysis
Geographically, the countries covered in the North America rigid thermoform plastic packaging market report are U.S., Canada, and Mexico in North America
As per Data Bridge Market Research analysis:
U.S. dominate in North America rigid thermoform plastic packaging market during the forecast period 2023 - 2030
The U.S. dominates the North America rigid thermoform plastic packaging market due to its advanced innovations and developments in manufacturing. The country has a robust packaging industry that focuses on producing high-quality and innovative packaging solutions. With a large customer base and strong market demand, the U.S. offers a favorable environment for the growth of the rigid thermoform plastic packaging market. The continuous advancements and investments in technology contribute to the U.S.'s dominance in this market segment within North America.
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