Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Thermoform Cups Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.9% during the review period (2022 to 2027).
Thermoform Cups Market Overview
The market is anticipated to be driven by ongoing R&D activities in customization and modification, increasing shift in ease & convenience while handling the product, and changing recycling technology in disposable packaging, according to Industrydataanalytics' most recent market analysis on the global thermoform cups market for the forecast period of 2022–2027.
The production of thermoform cups involves the use of a specific mound and a plastic sheet, which together result in the creation of the thermoform cups. The plastic sheet is heated to a high temperature that reaches the limit of its stretchability, then it is vacuum-molded, cooled, and completed into the shape of a cup.
These thermoform cups are used to serve hot and cold beverages in a variety of end-use settings, including eateries, lodging facilities, cafes, food carts, etc. The production of the thermoform cups uses a variety of thermoplastic materials, including low-density polyethylene (LDPE), high-density polyethylene (HDPE), polypropylene (PP), polystyrene (PS), etc. The thermoform cups are reasonably priced and very adaptable.
Who are the Major Players in Thermoform Cups Market?
The global Thermoform Cups includes Amcor plc, Bemis Company, Berry Global Inc., Silgan Holdings Inc., Universal Plastics Group Inc., Thrace Group, Pöppelmann GmbH & Co. KG, Pactiv LLC, Greiner Packaging, Universal Protective Packaging Inc., Prime Packaging, Rajshree Polypack Ltd., Sirius Plastics, Taizhou Fuling Plastics Co. Ltd.
Recent Developments:
Greiner’s K3 thermoformed cups cuts plastic at Czech dairy firm
4 May 2021- Olma is the leading producer of fresh milk in the Czech market, and second in other dairy products, from yogurt and fermented milk products to cream and butter.
Having worked with the firm for decades, Greiner Packaging supp;lied new light-weight K3 thermoformed cups, which use up to 33% less polypropylene (PP) than a conventional direct-printed, thermoformed cup of the same size. To enable separation for recycling, the cup is wrapped with a removable cardboard outer layer, which can be produced with virgin or recycled board produced from sustainably managed forests.
Olma is taking advantage of the printable reverse of the K3® wrap to communicate with consumers with special offers and kid’s games,” says Josef. “The next step, which will make separation for recycling even easier, will be the implementation of our new, improved tear-tab, which will be introduced very soon.
What are the major Applications, Types and Regions for Thermoform Cups Market?
Thermoform Cups Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
- Below 100 ml
- 100 to 150 ml
- 150ml to 200 ml
- Above 200 ml
By Application it is segmented into
Thermoform Cups Market Regional Analysis
Due to its rapid industrialization and technological improvements in the packaging sector, North America dominated the market. The regional market is also anticipated to be driven by the expansion of makers and suppliers of thermoformed plastic for use in the healthcare industry. Plastics are in great demand because to the pandemic for the manufacture of medical trays, drug packing, and other items. The automobile industry and building activities are also expanding as a result of a rise in consumer lifestyle and disposable income. ALPLA is a company that offers packaging solutions, using cutting-edge technology, and stresses technological innovation to create and develop unique synthetic packaging solutions.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Thermoform Cups Market report scope?
Reports Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.9% during the review period (2022 to 2027).
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By Type
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- Below 100 ml
- 100 to 150 ml
- 150ml to 200 ml
- Above 200 ml
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By Application
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By Companies
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Amcor plc, Bemis Company, Berry Global Inc., Silgan Holdings Inc., Universal Plastics Group Inc., Thrace Group, Pöppelmann GmbH & Co. KG, Pactiv LLC, Greiner Packaging, Universal Protective Packaging Inc., Prime Packaging, Rajshree Polypack Ltd., Sirius Plastics, Taizhou Fuling Plastics Co. Ltd.
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Regions Covered
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•North America
•Europe
•Asia-Pacific
•Rest of the World
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Countries Covered
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•US
•Canada
•Germany
•France
•UK
•Italy
•Spain
•Rest of Europe
•China
•Japan
•India
•Australia
•South Korea
•Rest of Asia-Pacific
•Middle East & Africa
•Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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104
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Thermoform Cups Report
- Evaluate Thermoform Cups market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Thermoform Cups market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Thermoform Cups market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Thermoform Cups Market is studied from 2017 - 2027.
What is the growth rate of Thermoform Cups Market?
The Thermoform Cups Market is growing at a CAGR of 5.9% over the next 5 years.
Who are the leading key players in Thermoform Cups Market?
Amcor plc, Bemis Company, Berry Global Inc., Silgan Holdings Inc., Universal Plastics Group Inc., Thrace Group, Pöppelmann GmbH & Co. KG, Pactiv LLC, Greiner Packaging, Universal Protective Packaging Inc., Prime Packaging, Rajshree Polypack Ltd., Sirius Plastics, Taizhou Fuling Plastics Co. Ltd.
What regions does this Thermoform Cups Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Thermoform Cups Market?
Below 100 ml, 100 to 150 ml, 150ml to 200 ml, Above 200 ml
What are the significant Applications of Thermoform Cups Market?
Food, Beverages, Others
