Thermoformed Blister Packaging Market Overview
Thermoform packaging is been used by packaging manufacturers for food products. The key drivers of global thermoform packaging market are the increase in spending by consumers for packaged food, cost-effective, environment friendly and growth in food & beverage industry.
Market Research Future (MRFR), asserts in its recently published research report, the global thermoform packaging market is estimated to grow at a CAGR of 5.72% during the estimated period 2023.
Sealed Air Corporation
Bemis Company Inc.
E.I. du Pont de Nemours and Company
Display Pack Inc.
Tray Pack Corporation
RPC Group Plc
Constantia Flexibles Group GmbH
the global Thermoformed Blister Packaging Market has been analyzed based on type, material, heat seal coating, and application. Based on the material, the Thermoformed Blister Packaging Market is segmented into paper & paperboard, plastic, and aluminum. The plastic was accounted for the largest market share in 2016, as it offers high barriers, temperature resistance, cost efficiency, and durable packaging. Plastic in the form of PE, PVC, PP, and others are also used largely in plastic thermoform packaging segment.
Based on the heat seal coating, the market is segmented into solvent-based, water-based, and hot melt-based. The solvent-based heat seal coating segment was accounted for the largest market share of in 2016 owing to its numerous advantages such as strong bond strength that can be treated at different temperatures and resistance to water and grease. Water-based heat seal coating is slated to grow at the highest CAGR during the review period since it provides a strong bond between corrugated and polyethylene skin pack films and decreases several adhesion issues of thermoform packaging.
The global thermoform packaging market is segmented, on the basis of region, into the Asia Pacific, North America, Europe, and the Middle East and Africa.
Europe is anticipated to be the major regional Thermoformed Blister Packaging Market over the review period due to the solid presence of the food & beverage and pharmaceutical industries in the region. The rising demand for packaged food is likely to drive the Thermoformed Blister Packaging Market in the region over the review period, due to the presence of a higher industrial base such as food and beverages, automobiles, and pharmaceuticals. the U.K, Germany, and France are the major markets in the region.
North America is another major region in the Thermoformed Blister Packaging Market, mainly owing to the presence major retail chains such as The Kroger Co. and Walmart Stores. The U.S. contributes to a major share of the North American market.
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