Future Market Insights

Thermoformed Tubs Market size and Key Trends in terms of volume and value 2027

Press release   •   Jul 19, 2017 03:44 EDT

  Plastics are considered to be an important part of packaging across formats and across end use industry. In recent years due to advancement and innovation in packaging technology, different techniques are used for making plastic tubs/containers which are tougher and can be multipurpose. Thermoformed tubs are manufactured by molding plastics into various sizes and shapes by applying vacuum or pressure on it. Thermoformed tubs are also heat and cold resistant which makes it easy to pour hot fills and can be refrigerated Thermoformed tubs have to turned out to be a primary part of the compact packaging. Thermoformed tubs possess the property of toughness which makes it a good option for packaging when it comes to transportation. Thermoformed tubs are widely used in food industry for packaging of fresh and produced meals. Other industries where thermoformed tubs used are pharmaceuticals, electronics, cosmetics, healthcare, etc.

Global Thermoformed Tubs - Market Dynamics:

Thermoformed tubs are extensively used in packaging due to their toughness and flexibility. Thermoformed tubs are mainly used in food industry. Due to the rapid growth of food sector and the need for its packaging, the market for thermoformed tubs is expected to witness growth over the forecast period 2017-2025. In addition, the automation in the field of thermoformed packaging has positively impacted the growth for thermoformed tubs market. With the rising demand of electronics and its packaging for protecting appliances, the thermoformed tubs market has seen expansion over the forecast market. Thermoformed tubs are also used for packaging of medicines, and this trend is expected to grow in further years due to extensive growth of the pharmaceutical sector. Thermoformed tubs market faces the challenges of strict norms from the government for pertaining to the use of plastics in the manufacturing process and its waste management issues. Thermoformed tubs are difficult to manufacture with the precise thickness of the walls; as a result, it faces challenges of finding a substitute for getting a precise shape.

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Global Thermoformed Tubs - Market Segmentation:

The thermoformed tubs can be segmented by material type, by shape, and by end use.

On the basis of material type, the global thermoformed tubs are segmented into:

  • Polyethylene (PE)
    • HDPE
    • LDPE
  • Polyethylene terephthalate (PET)
    • APET
    • CPET
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyvinyl Chloride (PVC)
  • Ethyl Vinyl Alcohol (EVOH)
  • Others

On the basis of shape, the global thermoformed tubs are segmented into:

  • Round
  • Oval
  • Rectangular
  • Others

On the basis of end use, the global thermoformed tubs are segmented into:

  • Food & Beverages
  • Electronics
  • Pharmaceuticals
  • Healthcare
  • Personal care & cosmetics
  • Others

Global Thermoformed Tubs Market- Regional Overview:

The global thermoformed tubs market can be segmented on the basis of region such as:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APEJ
  • Middle East & Africa
  • Japan

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North America region is the foremost market for thermoformed tubs market and is driving the global demand. Europe region is also expected to see above average growth of thermoformed tubs market over the forecast period. Countries such as the UK, Italy, Germany and France are the top thermoformed tubs market. APEJ region is expected to have anticipation in the growth over the forecast period for thermoformed tubs market. Markets in China and India would witness the highest CAGR growth for thermoformed tubs. Latin America region due to emerging countries like Brazil and Mexico would have anticipation in demand for thermoformed tubs market. The Middle East and Africa region are estimated to have a considerable increase in the thermoformed tubs market for South Africa and GCC. Japan is also expected to have substantial growth of thermoformed tubs market.

Global Thermoformed Tubs Market – Key players:

Some of the players in the thermoformed tubs market are Silgan Holdings Inc, Astrapak Ltd, Universal Plastics Corporation, Plast-Pack GmbH, STM Plastics, Shepherd Thermoforming & Packaging Inc., Lucky Time Pack Material Co., Ltd., Greiner Packaging GmbH, Ditai Plastic Products Co., Ltd., Tengyue Display Co., Ltd., and Swellder Electronics Technology Co., Ltd.

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