Heavy Gauge and Thin Gauge Thermoformed Plastics Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The thermoforming process includes the assimilation of plastic sheets after which they are heated so as to convert them into a flexible form that can be molded into the desired shape which varies based on the end-use application. Heavy and thin gauge thermoformed plastics have wide applications in food & agriculture packaging, pharmaceutical industry, electronics & electrical appliance packaging, automotive parts packaging, etc. The increasing demand for thermoformed plastics from the food packaging and pharmaceutical packaging sectors, etc. would be a key factor driving the market growth over the forecast period. However, compliance with stringent regulations of thermoformed plastics manufacturers would hamper the market growth.

According to UnivDatos Market Insights (UMI)’ research report “Global Heavy Gauge and Thin Gauge Thermoformed Plastics Market”, the market is expected to witness a CAGR growth of around 5% during the forecast period 2021-2027F. Growing demand from healthcare & pharmaceutical industries and rapid growth in food & agriculture packaging industries are some of the key attributable factors for the growth of the market.

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Based on plastic type, heavy gauge and thin gauge thermoformed plastics market is divided into polypropylene, polystyrene, polyethylene terephthalate, polyethylene, poly vinyl chloride, bioplastics, acrylonitrile butadiene styrene, and others. Among all, polypropylene holds a lucrative market share due to its high melting point, low water absorption capacity, high flexibility, and it is highly resistant to chemicals. Furter, it is a thermoplastic polymer that is one of the most widely used plastics worldwide due to its low manufacturing cost.

Based on thermoforming type, heavy gauge and thin gauge thermoformed plastics market in divided into vacuum, mechanical, and pressure forming. Among all, vacuum forming holds considerable market share as it is the simplest method of polypropylene thermoforming which is widely used type of thermoformed plastic. Once the plastic is heated and fitted around the custom tool, a high-powered vacuum removes air and draws the plastic more tightly against the tool. This method is best for plastic components that don’t require sharp edges, defined corners, or intricate details, such as car dashboards and shipping trays.

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Asia-Pacific held prominent share in Heavy Gauge and Thin Gauge Thermoformed Plastics market.

Asia-Pacific held the prominent share in the market owing to rise in disposable incomes and changing consumer’s lifestyle is fostering the market for packaged food products in countries, such as China and India, which is augmenting the heavy gauge & thin gauge thermoformed plastics market. Due to its strength and other properties, heavy and thin gauge thermoformed plastics are highly preferred in various industries, including the electrical and electronics industry, automotive industry, medical and pharma packaging industry, etc. Additionally, thermoformed plastics are customized to desired levels of stiffness and hardness. China has the most extensive electronics production base, offering tough competition to upstream producers like South Korea, Singapore, and Taiwan. Furthermore, region is experiencing high growth rate from e-retail industry where heavy gauge and thin gauge thermoformed plastics are highly used for packaging purposes.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Heavy Gauge and Thin Gauge Thermoformed Plastics Market include Amcor Plc., Dart Container Corporation, Sonoco Products Company, Fabri-Kal Corporation, Brentwood Industries Inc., Placon Corporation, Winpak Ltd., BASF SE, D&W Fine Pack, Peninsula Plastics Company Inc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions. These companies are investing heavily on several business strategies to increase their market position.

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“Global Heavy Gauge and Thin Gauge Thermoformed Plastics Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.  

Market Segmentation:

1. By Plastic Type (Polypropylene, Polystyrene, Polyethylene Terephthalate, Polyethylene, Poly Vinyl Chloride, Bioplastics, Acrylonitrile Butadiene Styrene, and Others)
2. By Thermoforming Type (Vacuum Forming, Pressure Forming, and Mechanical Forming)
3. By Industry (Food & Agriculture Packaging, Consumer Goods & Appliances, Healthcare & Pharmaceutical, Construction, Electrical & Electronics, Automotive Packaging & Structures, and Others)
4. By Region (North America, Europe, Asia-Pacific, and Rest of World)
5. By Company (Amcor Plc., Dart Container Corporation, Sonoco Products Company, Fabri-Kal Corporation, Brentwood Industries Inc., Placon Corporation, Winpak Ltd., BASF SE, D&W Fine Pack, Peninsula Plastics Company Inc.)

Key questions answered in the study:

1. What are the current and future trends of the global Heavy Gauge and Thin Gauge Thermoformed Plastics industry?
2. How the industry has been evolving in terms of plastic type, thermoforming type, and industry?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global Heavy Gauge and Thin Gauge Thermoformed Plastics industry?
5. What is the customer orientation, purchase behavior, and expectations from the global Heavy Gauge and Thin Gauge Thermoformed Plastics suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL HEAVY GAUGE AND THIN GAUGE THERMOFORMED PLASTICS MARKET COVID-19 IMPACT

6 GLOBAL HEAVY GAUGE AND THIN GAUGE THERMOFORMED PLASTICS MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PLASTIC TYPE

8 MARKET INSIGHTS BY THERMOFORMING TYPE

9 MARKET INSIGHTS BY INDUSTRY

10 MARKET INSIGHTS BY REGION

11 HEAVY GAUGE AND THIN GAUGE THERMOFORMED PLASTICS MARKET DYNAMICS

12 HEAVY GAUGE AND THIN GAUGE THERMOFORMED PLASTICS MARKET OPPORTUNITIES

13 HEAVY GAUGE AND THIN GAUGE THERMOFORMED PLASTICS MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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