Thermoformed plastics are plastics used in the process
of thermoforming where a plastic sheet is heated to a bendable form so that the
plastic can be molded into a desired shape which is then cooled to form a
finished usable product. There are different types of processes available for
thermoforming plastics, the common ones being plug assist forming, vacuum
snapback and thick and thin gauge thermoforming. The regularly used polymers
for thermoforming include acrylonitrile butadiene styrene (ABS), high impact
polystyrene (HIPS), polypropylene (PP) and polymethyl methacrylate (PMMA) among
others. These plastics have applications in food packaging, electronics,
pharmaceuticals and toiletries.
The key driver for thermoformed plastics is their large
application base in the food packaging industry. The main requirement for the
food packaging industry is a superior barrier to bacteria, odor and moisture to
the food product, which is provided by thermoformed plastics. In addition, it
is used in manufacture of pharmaceutical articles. Thermoformed plastics are
cost effective and thus, they are used in a wide range of applications.
Plastics used in thermoforming are petrochemical based polymers.
The key restraint to the thermoformed plastics market
is the fluctuation in the prices of the raw materials used. High labor cost of
manufacturing thermoplastics also affects the market of thermoformed plastics.
In addition, during the thermoforming process, precise wall thickness is
difficult to achieve along with uniform thickness all across the product. This
results in less durability and less weight bearing capacity of the plastic
product. Thus, manufacturers look for substitutions to thermoformed polymers.
Changing lifestyle and increasing disposable income of
consumers in countries such as China and India will affect the food packaging
in this region. This in turn will affect the thermoforming plastics market in
this region. In addition, there is an increasing scope of application of
thermoforming process as manufacturers are looking at replacing injection
molding process by thermoforming process due to the lower tooling costs and
high-speed production.
Some of the major manufacturers in the thermoformed
plastic industry include Anchor Packaging, Pactiv, Associated Packaging
Technologies, Peninsula Packaging, Placon Corporation, Tegrant, Genpak and CM
Packaging.
This research report analyzes this market depending on
its market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis
of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in
the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments
in technology, Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
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