From GlobeNewswire: 2024-06-11 04:00:00

The Thermoform Packaging Market is projected to reach USD 82.9 billion by 2032. Industry growth is driven by collaborations among leading players to develop sustainable packaging solutions. Recent advancements include ExxonMobil’s fully recyclable thermoform packaging with 95% PE content. Polyvinyl chloride packaging and clamshell packaging segments are expected to experience significant growth due to their functional and environmentally friendly characteristics. Europe is expected to capture a substantial market share due to strict regulations promoting sustainable packaging solutions and increasing demand for aesthetically pleasing and protective packaging solutions in the region. Leading companies in the thermoform packaging industry, such as Dart Container Corp. and Amcor Plc, are investing in R&D to develop innovative and customizable packaging solutions for various industries, driving market growth. Coveris plans to address recyclability issues in food heaters by replacing non-recyclable materials with Monoflex Thermoform, aiming to reduce carbon emissions. Global Market Insights Inc. provides comprehensive market research and consulting services to help businesses make strategic decisions in industries such as chemicals, technology, and renewable energy.



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