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Thermoform Packaging Market Share

Report ID: GMI7823
Published Date: Jan 2024
Report Format: PDF

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Thermoform Packaging Market Share

Thermoform Packaging Company Market, (2023)

The thermoform packaging industry exhibits a moderate degree of concentration, with large players like Amcor and Sonoco holding significant market shares. However, a substantial portion (roughly 45-55%) comes from numerous smaller companies and regional players, creating a fragmented landscape. Larger players offer various price points based on volume and complexity. Companies like DS Smith emphasize customization and innovative features for premium pricing. Distribution networks are a key focus, ensuring efficient supply chain management and timely delivery.

Product innovation, particularly in the realm of sustainable materials and smart packaging technologies, serves as a differentiator for companies aiming to capture market share. Amcor's acquisition of Bemis in 2019 solidified its global leadership and expanded its food packaging footprint. Sonoco's launch of its EnviroSense™ sustainable packaging line caters to the growing demand for eco-friendly solutions. DS Smith's acquisition of IHS International further strengthens its paper-based packaging offerings and provides opportunities for integration with thermoforming solutions.

Thermoform Packaging Market Companies

Major players operating in the thermoform packaging industry include:

Amcor Plc
Sonoco Products Company
DS Smith Plc
WestRock Company
Anchor Packaging, Inc.
Placon Corp
Display Pack Inc.
Pactiv LLC
Dart Container Corp.
Constantia
RPC Group Plc
D&W Fine Pack
Lacerta Group Inc.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global thermoform packaging industry was valued at USD 50.3 billion in 2023 and is anticipated to register a CAGR of over 5.7% between 2024 and 2032, driven by customization, sustainability, and innovation.

Polyethylene material segment accounted for a revenue worth USD 22.3 billion in 2023, owing to its versatility and widespread use in various packaging applications.

North America thermoform packaging market generated a revenue of over USD 19 million in 2023 and is poised to grow steadily through 2032, propelled by a mature and well-established packaging industry, coupled with a high level of technological sophistication.

Amcor Plc, Sonoco Products Company, DS Smith Plc, WestRock Company, Anchor Packaging, Inc., Placon Corp, Display Pack Inc., Pactiv LLC, Dart Container Corp., Constantia, RPC Group Plc, D&W Fine Pack, Lacerta Group Inc. are some of the major industry contenders.