The North America Thermoformed Plastics Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 8727.9 Kilo Tonnes, showcasing a growth of 3.6% (2019-2022).
The aerospace sector leverages thermoformed plastics for components that demand a balance between weight reduction, durability, and precision. From interior cabin components to exterior panels, thermoformed plastics find applications in various aspects of aircraft manufacturing. The aerospace industry's perpetual quest for improved performance and efficiency is consistent with the capability of fabricating lightweight components without sacrificing strength. Weight reduction is highly valued in the aerospace industry as it directly correlates with fuel efficiency. Thermoformed plastics offer a lightweight alternative to traditional materials such as metal or composite panels. This weight reduction contributes to fuel savings, enhances the aircraft's range, and aligns with the industry's sustainability and operational efficiency goals.
Moreover, innovations in material formulations are pushing the boundaries of thermoformed plastics. There is a current surge in the market for novel material combinations, such as reinforced polymers, nanocomposites, and hybrid materials, which provide improved strength, durability, and distinctive characteristics. These developments expand the application scope of thermoformed plastics, especially in industries requiring high-performance materials.
The rising automotive industry in Mexico has played a significant role in expanding the demand for thermoformed plastics. Mexico has become a prominent hub for automotive manufacturing, attracting domestic and international automotive companies. The use of thermoformed plastics in the automotive sector has seen substantial growth, driven by manufacturing efficiency, design flexibility, and cost-effectiveness factors. Hence, North America's rising automotive and food and beverage processing sectors will assist in the growth of the regional thermoformed plastics market.
The US market dominated the North America Thermoformed Plastics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,762.7 million by 2030. The Canada market is experiencing a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2023 - 2030).
Free Valuable Insights: The Thermoformed Plastics Market is Predict to reach $59.2 Billion by 2030, at a CAGR of 5.2%
Based on Process, the market is segmented into Thin Gauge Thermoforming, Plug Assist Forming, Thick Gauge Thermoforming, and Vacuum Snapback. Based on Application, the market is segmented into Food Packaging, Healthcare & Medical, Electrical & Electronics, Construction, Automotive Packaging, and Consumer Goods & Appliances. Based on Product, the market is segmented into Polypropylene (PP), Polymethyl Methacrylate (PMMA), Bio-degradable Polymers, Polyethylene (PE), Acrylonitrile Butadiene Styrene (ABS), High Impact Polystyrene (HIPS), Polyvinyl Chloride (PVC) and Polystyrene (PS). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Pactiv Evergreen Inc. (Reynolds Group Ltd.)
- Genpak, LLC (Great Pacific Enterprises, Inc.)
- Sonoco Products Company
- Brentwood Industries, Inc.
- Hoffmann Neopac AG
- Placon Corporation
- Anchor Packaging LLC
- Greiner Packaging GmbH (Greiner AG)
- Dongguan Ditai Plastic Products Co., Ltd.
- Palram Industries Ltd.
North America Thermoformed Plastics Market Report Segmentation
By Process (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Thin Gauge Thermoforming
- Plug Assist Forming
- Thick Gauge Thermoforming
- Vacuum Snapback
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Food Packaging
- Healthcare & Medical
- Electrical & Electronics
- Construction
- Automotive Packaging
- Consumer Goods & Appliances
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Polypropylene (PP)
- Polymethyl Methacrylate (PMMA)
- Bio-degradable Polymers
- Polyethylene (PE)
- Acrylonitrile Butadiene Styrene (ABS)
- High Impact Polystyrene (HIPS)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
TABLE 1 North America Thermoformed Plastics Market, 2019 - 2022, USD Million
TABLE 2 North America Thermoformed Plastics Market, 2023 - 2030, USD Million
TABLE 3 North America Thermoformed Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Thermoformed Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Thermoformed Plastics Market by Process, 2019 - 2022, USD Million
TABLE 6 North America Thermoformed Plastics Market by Process, 2023 - 2030, USD Million
TABLE 7 North America Thin Gauge Thermoforming Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Thin Gauge Thermoforming Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Plug Assist Forming Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Plug Assist Forming Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Thick Gauge Thermoforming Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Thick Gauge Thermoforming Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Vacuum Snapback Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Vacuum Snapback Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Thermoformed Plastics Market by Application, 2019 - 2022, USD Million
TABLE 16 North America Thermoformed Plastics Market by Application, 2023 - 2030, USD Million
TABLE 17 North America Thermoformed Plastics Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 18 North America Thermoformed Plastics Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 19 North America Food Packaging Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Food Packaging Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Food Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 22 North America Food Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 23 North America Healthcare & Medical Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Healthcare & Medical Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Healthcare & Medical Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 26 North America Healthcare & Medical Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 27 North America Electrical & Electronics Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Electrical & Electronics Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Electrical & Electronics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 30 North America Electrical & Electronics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 31 North America Construction Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Construction Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Construction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 34 North America Construction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 35 North America Automotive Packaging Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Automotive Packaging Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Automotive Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 38 North America Automotive Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 39 North America Consumer Goods & Appliances Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Consumer Goods & Appliances Market by Country, 2023 - 2030, USD Million
TABLE 41 North America Consumer Goods & Appliances Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 42 North America Consumer Goods & Appliances Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 43 North America Thermoformed Plastics Market by Product, 2019 - 2022, USD Million
TABLE 44 North America Thermoformed Plastics Market by Product, 2023 - 2030, USD Million
TABLE 45 North America Thermoformed Plastics Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 46 North America Thermoformed Plastics Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 47 North America Polypropylene (PP) Market by Country, 2019 - 2022, USD Million
TABLE 48 North America Polypropylene (PP) Market by Country, 2023 - 2030, USD Million
TABLE 49 North America Polypropylene (PP) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 50 North America Polypropylene (PP) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 51 North America Polymethyl Methacrylate (PMMA) Market by Country, 2019 - 2022, USD Million
TABLE 52 North America Polymethyl Methacrylate (PMMA) Market by Country, 2023 - 2030, USD Million
TABLE 53 North America Polymethyl Methacrylate (PMMA) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 54 North America Polymethyl Methacrylate (PMMA) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 55 North America Bio-degradable Polymers Market by Country, 2019 - 2022, USD Million
TABLE 56 North America Bio-degradable Polymers Market by Country, 2023 - 2030, USD Million
TABLE 57 North America Bio-degradable Polymers Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 58 North America Bio-degradable Polymers Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 59 North America Polyethylene (PE) Market by Country, 2019 - 2022, USD Million
TABLE 60 North America Polyethylene (PE) Market by Country, 2023 - 2030, USD Million
TABLE 61 North America Polyethylene (PE) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 62 North America Polyethylene (PE) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 63 North America Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2019 - 2022, USD Million
TABLE 64 North America Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2023 - 2030, USD Million
TABLE 65 North America Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 66 North America Acrylonitrile Butadiene Styrene (ABS) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 67 North America High Impact Polystyrene (HIPS) Market by Country, 2019 - 2022, USD Million
TABLE 68 North America High Impact Polystyrene (HIPS) Market by Country, 2023 - 2030, USD Million
TABLE 69 North America High Impact Polystyrene (HIPS) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 70 North America High Impact Polystyrene (HIPS) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 71 North America Polyvinyl Chloride (PVC) Market by Country, 2019 - 2022, USD Million
TABLE 72 North America Polyvinyl Chloride (PVC) Market by Country, 2023 - 2030, USD Million
TABLE 73 North America Polyvinyl Chloride (PVC) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 74 North America Polyvinyl Chloride (PVC) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 75 North America Polystyrene (PS) Market by Country, 2019 - 2022, USD Million
TABLE 76 North America Polystyrene (PS) Market by Country, 2023 - 2030, USD Million
TABLE 77 North America Polystyrene (PS) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 78 North America Polystyrene (PS) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 79 North America Thermoformed Plastics Market by Country, 2019 - 2022, USD Million
TABLE 80 North America Thermoformed Plastics Market by Country, 2023 - 2030, USD Million
TABLE 81 North America Thermoformed Plastics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 82 North America Thermoformed Plastics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 83 US Thermoformed Plastics Market, 2019 - 2022, USD Million
TABLE 84 US Thermoformed Plastics Market, 2023 - 2030, USD Million
TABLE 85 US Thermoformed Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 86 US Thermoformed Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 87 US Thermoformed Plastics Market by Process, 2019 - 2022, USD Million
TABLE 88 US Thermoformed Plastics Market by Process, 2023 - 2030, USD Million
TABLE 89 US Thermoformed Plastics Market by Application, 2019 - 2022, USD Million
TABLE 90 US Thermoformed Plastics Market by Application, 2023 - 2030, USD Million
TABLE 91 US Thermoformed Plastics Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 92 US Thermoformed Plastics Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 93 US Thermoformed Plastics Market by Product, 2019 - 2022, USD Million
TABLE 94 US Thermoformed Plastics Market by Product, 2023 - 2030, USD Million
TABLE 95 US Thermoformed Plastics Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 96 US Thermoformed Plastics Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 97 Canada Thermoformed Plastics Market, 2019 - 2022, USD Million
TABLE 98 Canada Thermoformed Plastics Market, 2023 - 2030, USD Million
TABLE 99 Canada Thermoformed Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 100 Canada Thermoformed Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 101 Canada Thermoformed Plastics Market by Process, 2019 - 2022, USD Million
TABLE 102 Canada Thermoformed Plastics Market by Process, 2023 - 2030, USD Million
TABLE 103 Canada Thermoformed Plastics Market by Application, 2019 - 2022, USD Million
TABLE 104 Canada Thermoformed Plastics Market by Application, 2023 - 2030, USD Million
TABLE 105 Canada Thermoformed Plastics Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 106 Canada Thermoformed Plastics Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 107 Canada Thermoformed Plastics Market by Product, 2019 - 2022, USD Million
TABLE 108 Canada Thermoformed Plastics Market by Product, 2023 - 2030, USD Million
TABLE 109 Canada Thermoformed Plastics Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 110 Canada Thermoformed Plastics Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 111 Mexico Thermoformed Plastics Market, 2019 - 2022, USD Million
TABLE 112 Mexico Thermoformed Plastics Market, 2023 - 2030, USD Million
TABLE 113 Mexico Thermoformed Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 114 Mexico Thermoformed Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 115 Mexico Thermoformed Plastics Market by Process, 2019 - 2022, USD Million
TABLE 116 Mexico Thermoformed Plastics Market by Process, 2023 - 2030, USD Million
TABLE 117 Mexico Thermoformed Plastics Market by Application, 2019 - 2022, USD Million
TABLE 118 Mexico Thermoformed Plastics Market by Application, 2023 - 2030, USD Million
TABLE 119 Mexico Thermoformed Plastics Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 120 Mexico Thermoformed Plastics Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 121 Mexico Thermoformed Plastics Market by Product, 2019 - 2022, USD Million
TABLE 122 Mexico Thermoformed Plastics Market by Product, 2023 - 2030, USD Million
TABLE 123 Mexico Thermoformed Plastics Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 124 Mexico Thermoformed Plastics Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 125 Rest of North America Thermoformed Plastics Market, 2019 - 2022, USD Million
TABLE 126 Rest of North America Thermoformed Plastics Market, 2023 - 2030, USD Million
TABLE 127 Rest of North America Thermoformed Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 128 Rest of North America Thermoformed Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 129 Rest of North America Thermoformed Plastics Market by Process, 2019 - 2022, USD Million
TABLE 130 Rest of North America Thermoformed Plastics Market by Process, 2023 - 2030, USD Million
TABLE 131 Rest of North America Thermoformed Plastics Market by Application, 2019 - 2022, USD Million
TABLE 132 Rest of North America Thermoformed Plastics Market by Application, 2023 - 2030, USD Million
TABLE 133 Rest of North America Thermoformed Plastics Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 134 Rest of North America Thermoformed Plastics Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 135 Rest of North America Thermoformed Plastics Market by Product, 2019 - 2022, USD Million
TABLE 136 Rest of North America Thermoformed Plastics Market by Product, 2023 - 2030, USD Million
TABLE 137 Rest of North America Thermoformed Plastics Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 138 Rest of North America Thermoformed Plastics Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 139 Key Information – Pactiv Evergreen Inc.
TABLE 140 Key Information –Genpak, LLC
TABLE 141 Key Information – Sonoco Products Company
TABLE 142 Key Information – Brentwood Industries, Inc.
TABLE 143 Key Information – Hoffmann Neopac AG
TABLE 144 Key Information – Placon Corporation
TABLE 145 Key Information – Anchor Packaging LLC
TABLE 146 Key Information – Greiner Packaging GmbH
TABLE 147 Key Information – Dongguan Ditai Plastic Products Co., Ltd.
TABLE 148 Key Information – Palram Industries Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Thermoformed Plastics Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Thermoformed Plastics Market
FIG 4 Porter’s Five Forces Analysis – Thermoformed plastics market
FIG 5 North America Thermoformed Plastics Market share by Process, 2022
FIG 6 North America Thermoformed Plastics Market share by Process, 2030
FIG 7 North America Thermoformed Plastics Market by Process, 2019 - 2030, USD Million
FIG 8 North America Thermoformed Plastics Market share by Application, 2022
FIG 9 North America Thermoformed Plastics Market share by Application, 2030
FIG 10 North America Thermoformed Plastics Market by Application, 2019 - 2030, USD Million
FIG 11 North America Thermoformed Plastics Market share by Product, 2022
FIG 12 North America Thermoformed Plastics Market share by Product, 2030
FIG 13 North America Thermoformed Plastics Market by Product, 2019 - 2030, USD Million
FIG 14 North America Thermoformed Plastics Market share by Country, 2022
FIG 15 North America Thermoformed Plastics Market share by Country, 2030
FIG 16 North America Thermoformed Plastics Market by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: Pactiv Evergreen Inc.
FIG 18 Swot Analysis: Pactiv Evergreen Inc.
FIG 19 Swot Analysis: Genpak, LLC
FIG 20 SWOT analysis: Sonoco Products Company
FIG 21 Swot analysis: Brentwood Industries, Inc.
FIG 22 Swot Analysis: Hoffmann Neopac AG
FIG 23 Recent strategies and developments: Placon Corporation
FIG 24 Swot Analysis: Placon Corporation
FIG 25 Swot Analysis: Anchor Packaging LLC
FIG 26 Swot Analysis: Greiner Packaging GmbH
FIG 27 Swot Analysis: Dongguan Ditai Plastic Products Co., Ltd.
FIG 28 Swot Analysis: Palram Industries Ltd.