According to a new report, published by KBV research, The Global Rigid Plastic Thermoforming Packaging Market size is expected to reach $104.59 billion by 2031, rising at a market growth of 6.7% CAGR during the forecast period.
The Beverages segment is experiencing a CAGR of 6.4% during (2025 - 2032). This is driven by the rising demand for lightweight, durable, and cost-effective packaging solutions. The increasing consumption of bottled water, carbonated drinks, and ready-to-drink beverages, along with the growing preference for sustainable and recyclable plastic packaging, contributed to this substantial market share. Additionally, advancements in thermoforming technology have enabled manufacturers to produce high-quality, customizable packaging that enhances product visibility and shelf appeal, further boosting its adoption in the beverage industry.
The Bottles & Containers segment is leading the Global Rigid Plastic Thermoforming Packaging Market by Product in 2024; thereby, achieving a market value of $29.06 billion by 2032. This segment’s growth can be attributed to the rising demand for durable and lightweight packaging solutions across various industries, including food & beverages, pharmaceuticals, and personal care. Due to their cost-effectiveness and ease of transportation, the increasing preference for plastic bottles and containers over traditional materials, such as glass and metal, has further propelled the segment’s expansion.
The Polypropylene (PP) segment is registering a CAGR of 6.3% during (2025 - 2032). PP is known for its high heat resistance, lightweight nature, and chemical resistance, making it ideal for food packaging, medical trays, and consumer goods packaging. The growing demand for microwave-safe and reusable packaging solutions has further accelerated the adoption of PP-based thermoformed products. Additionally, advancements in polymer technology have enabled the production of recyclable and bio-based PP, aligning with the increasing sustainability initiatives in the packaging sector.
Full Report: https://www.kbvresearch.com/rigid-plastic-thermoforming-packaging-market/
The North America region dominated the Global Rigid Plastic Thermoforming Packaging Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $33.4 billion by 2032. The Europe region is experiencing a CAGR of 6.4% during (2025 - 2032). Additionally, The Asia Pacific region would exhibit a CAGR of 7.5% during (2025 - 2032).
By End User
By Product
By Raw Material
By Geography
Unique Offerings 
