Thermoform Packaging Market Share

Market Share of Thermoform Packaging Industry

The competitive rivalry in the thermoform packaging market is high owing to the presence of some key players such as Amcor, Mondi group and many more. The thermoforming market has witnessed mergers and acquisitions by the players that enables them to not only the market footprint but also fuel the market growth. Also through continuous research and development activities, the players in the market have been able to bring about innovations in their offerings that allow them to provide sustainability to its consumers.

• October 2019 - COEXPAN launchedCorePET, the new 100% rPET sheet specifically formulated for the thermoform packagingmarket.
• June 2019 -Mondi Groupdeveloped a fully-recyclable polypropylene film for usagein thermoforming of flexible films for modified atmosphere packaging (MAP) and vacuum packaging, with the ability to extend the shelf life of products such as meat and cheese. The developmentoffers a 23% reduction in carbon footprint compared to existing packaging,top and bottom web, with an internal barrier layer that comprises less than 5% of the entire structure, making it fully recyclable in existing waste streams.

Thermoform Packaging Market Leaders

1. Amcor PLC

2. Sonoco Products Company

3. DS Smith plc

4. WestRock Company

5. Anchor Packaging, Inc.

*Disclaimer: Major Players sorted in no particular order