The use of fiber-based packaging materials is one of the major trends in rigid plastic packaging. Rigid plastic packaging solutions are used in a variety of industrial verticals in addition to agriculture, medicine, personal care, and pharmaceuticals. These packing components are made using extrusion, injection molding, blow molding, thermoforming, and other processes. On the other hand, because of their appealing features, affordability, lightness, ease of production, and impact resistance, plastic bottles have replaced glass bottles as a popular alternative.
According to Data Bridge Market Research 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
" Growing applications for polystyrene are anticipated to fuel growth"
Television and computer housings are made from rigid, hard polystyrene. Through its capacity to offer the appropriate kind of finish and shape, polystyrene is also utilized in other pieces of its equipment. There is a lot of polystyrene in the packaging of food products. It encourages food to be clean and fresh. Because it is transparent, polystyrene is inexpensive to use and excels in terms of appearance, which is important in retail. Both high-impact polystyrene (hips) and general-purpose polystyrene (GPPS) are appropriate for injection molding. Thus, growth is being fueled by the expanding applications for polystyrene.
What restraints the growth of the North America Rigid Thermoform Plastic Packaging Market?
"The market growth rate will be limited by environmental consequences"
The most widely used polymers in the packaging industry (PVC) are high-density polyethylene (HDPE), expanded polystyrene (EPS), polyethylene terephthalate (PET), and polyvinyl chloride. To preserve and store packaged goods like industrial equipment, food, and medical supplies, many industries use rigid plastic packaging. The difficulty of recycling, reusing, and sorting plastic waste is the main problem polymers pose. In landfills, plastic packaging materials can take up to 1,000 years to decompose, polluting the air, land, and water in the process. Furthermore, plastics lose their mechanical strength when exposed to direct sunlight, whereas thermoplastics creep and soften at room temperature. As a result, rigid plastic packaging's detrimental environmental effects will restrain market expansion.
Segmentation: North America Rigid Thermoform Plastic Packaging Market
The rigid thermoform plastic packaging market is segmented on the basis of product, packaging, process, manufacturing process, application, and end-user.
- On the basis of product are polymethyl methacrylate (PMMA), bio-degradable polymers, polyethylene, acrylonitrile butadiene styrene (ABS), polyvinyl chloride (PVC), high impact polystyrene, polystyrene, and polypropylene (PP).
- On the basis of packaging are bottles and jars, trays, tubs, cups, others.
- On the basis of process are plug assist forming, thick gauge thermoforming, thin gauge thermoforming, and vacuum snapback.
- On the basis of manufacturing process are extrusion, injection molding, and others.
- On the basis of application are food and beverage, personal care, medical and healthcare, electrical and electronics, automotive, construction, consumer goods and appliances, and others.
- On the basis of end-user are food and beverage, personal care, household, healthcare, and others.
Regional Insights: U.S. dominates the North America Rigid Thermoform Plastic Packaging Market
U.S. country is dominating in North America rigid thermoform plastic packaging market due to the high levels of product innovation and development that generate a sizable customer base for the rigid thermoform plastic packaging market.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/north-america-rigid-thermoform-plastic-packaging-market
Recent Developments in North America Rigid Thermoform Plastic Packaging Market
- In 2021, In order to increase shelf-life from 7 to 12 days, Coexpan announced a number of packaging solutions using its mono-material coexshield pet or pp trays for only produced food applications. The goal of Coexpan's innovation and technology center is to replace complex medium and high-barrier laminates with high-barrier mono-materials that contain additives suitable for use in food contact. As part of the sustainable development goals, the book series aims to reduce food waste.
The Prominent Key Players Operating in the North America Rigid Thermoform Plastic Packaging Market Include:
- 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.)
Above are the key players covered in the report, to know about more and exhaustive list of North America Rigid Thermoform Plastic Packaging Market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: North America Rigid Thermoform Plastic Packaging Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
