Global Rigid Plastic Thermoforming Packaging Market Size, Share & Trends Analysis Report By End User, By Product, By Raw Material, By Regional Outlook and Forecast, 2025 - 2032
The Global Rigid Plastic Thermoforming Packaging Market size is expected to reach $104.59 billion by 2032, rising at a market growth of 6.7% CAGR during the forecast period.
Rigid plastic thermoforming protects sensitive electronic components like microprocessors against external factors like moisture, static electricity, and physical damage. The rising adoption of electronic devices, coupled with the expanding semiconductor manufacturing sector, has further fuelled the demand for specialized thermoformed packaging solutions to ensure product safety and efficiency in supply chain logistics. Thus, the microprocessors packaging segment procured 10% revenue share in the market in 2023. This growth is primarily driven by the increasing demand for precision packaging solutions in the electronics and semiconductor industries.
Sustainability has become a major concern for industries and consumers, prompting a shift toward eco-friendly packaging materials. Thermoformed packaging is gaining traction as it is lightweight, uses fewer raw materials, and is often recyclable or made from bio-based plastics. This growing preference for sustainable packaging solutions is driven by environmental regulations, corporate sustainability goals, and increasing consumer awareness about reducing plastic waste. Therefore, the demand for thermoformed packaging is expected to grow in industries such as food and beverage, healthcare, and consumer goods.
Additionally, cost efficiency is a crucial factor driving the adoption of thermoformed packaging, especially for industries that require large-scale packaging solutions. Thermoforming processes use less material than traditional packaging methods like injection molding, significantly reducing material costs. As a result, thermoformed packaging continues to gain popularity among manufacturers looking for affordable and scalable packaging solutions.
However, the thermoformed packaging industry heavily relies on raw materials such as polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC), which are derived from petroleum-based sources. The prices of these materials are highly volatile due to fluctuations in crude oil prices, supply chain disruptions, and geopolitical factors. Thus, fluctuating raw material prices impacting production costs are impeding the market's growth.
Product Outlook
Based on product, the market is characterized into bottles & containers, caps & closures, trays & clamshells, microprocessors packaging, tubs & cups, and others. The trays & clamshells segment held 15% revenue share in the market in 2024. The demand for thermoformed trays and clamshells is growing due to their versatility and wide applications across industries such as food packaging, healthcare, and consumer goods.
Raw Material Outlook
On the basis of raw material, the market is classified into bioplastics, polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), polypropylene (PP), polyvinyl chloride (PVC), expanded polystyrene (EPS), and others. The bioplastics segment held 6% revenue share in the market in 2024. Bioplastics, derived from renewable sources such as corn starch, sugarcane, and algae, offer a sustainable alternative to traditional petroleum-based plastics.
End User Outlook
By end user, the market is divided into food, beverages, HoReCa (food service & takeout), healthcare, cosmetics & toiletries, industrial, and others. The food segment witnessed 36% revenue share in the market in 2024. The widespread adoption of thermoformed plastic packaging in the food industry is driven by its excellent product protection, extended shelf life, and cost efficiency. Thermoformed trays, clamshells, and containers are extensively used for fresh produce, dairy products, bakery items, and ready-to-eat meals.
Food Outlook
The food segment is further subdivided into meat & fish, dairy, confectionery, ready to eat, fruit & vegetables, eggs, and others. The cosmetics & toiletries segment held 6% revenue share in the market in 2024. The cosmetics industry relies on thermoformed packaging for various products, including skincare items, perfumes, and personal care products, due to its ability to enhance product presentation and brand differentiation.
Regional Outlook
Region-wise, the packaging market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment witnessed 28% revenue share in the market in 2024. Countries such as China, India, Japan, and South Korea are experiencing a surge in demand for packaged food, ready-to-eat meals, and takeout food services, driving the need for high-quality and cost-effective packaging solutions.
List of Key Companies Profiled
Amcor Plc
Sonoco Products Company
Pactiv Evergreen Inc. (Reynolds Group Ltd.)
Placon Corporation
Genpak, LLC (Great Pacific Enterprises, Inc.)
Anchor Packaging LLC
Tekni-Plex Inc.
Dart Container Corporation
D&W Fine Pack LLC
Lacerta Group, LLC
Global Rigid Plastic Thermoforming Packaging Market Report Segmentation
By End User
Food
Meat & Fish
Dairy
Confectionery
Ready To Eat
Fruit & Vegetables
Eggs
Other Food
Beverages
HoReCa(Food Service & Takeout)
Healthcare
Cosmetics & Toiletries
Industrial
Other End User
By Product
Bottles & Containers
Caps & Closures
Trays & Clamshells
Tubs & Cups
Microprocessors Packaging
Other Product
By Raw Material
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Polystyrene (PS)
Polyethylene (PE)
Expanded Polystyrene (EPS)
Polyvinyl Chloride (PVC)
Bioplastics
Other Raw Material
By Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Rigid Plastic Thermoforming Packaging Market, by End User
1.4.2 Global Rigid Plastic Thermoforming Packaging Market, by Product
1.4.3 Global Rigid Plastic Thermoforming Packaging Market, by Raw Material
1.4.4 Global Rigid Plastic Thermoforming Packaging Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis
Chapter 5. Global Rigid Plastic Thermoforming Packaging Market by End User
5.1 Global Food Market by Region
5.2 Global Rigid Plastic Thermoforming Packaging Market by Food Type
5.2.1 Global Meat & Fish Market by Region
5.2.2 Global Dairy Market by Region
5.2.3 Global Confectionery Market by Region
5.2.4 Global Ready To Eat Market by Region
5.2.5 Global Fruit & Vegetables Market by Region
5.2.6 Global Eggs Market by Region
5.2.7 Global Other Food Market by Region
5.3 Global Beverages Market by Region
5.4 Global HoReCa(Food Service & Takeout) Market by Region
5.5 Global Healthcare Market by Region
5.6 Global Cosmetics & Toiletries Market by Region
5.7 Global Industrial Market by Region
5.8 Global Other End User Market by Region
Chapter 6. Global Rigid Plastic Thermoforming Packaging Market by Product
6.1 Global Bottles & Containers Market by Region
6.2 Global Caps & Closures Market by Region
6.3 Global Trays & Clamshells Market by Region
6.4 Global Tubs & Cups Market by Region
6.5 Global Microprocessors Packaging Market by Region
6.6 Global Other Product Market by Region
Chapter 7. Global Rigid Plastic Thermoforming Packaging Market by Raw Material
7.1 Global Polyethylene Terephthalate (PET) Market by Region
7.2 Global Polypropylene (PP) Market by Region
7.3 Global Polystyrene (PS) Market by Region
7.4 Global Polyethylene (PE) Market by Region
7.5 Global Expanded Polystyrene (EPS) Market by Region
7.6 Global Polyvinyl Chloride (PVC) Market by Region
7.7 Global Bioplastics Market by Region
7.8 Global Other Raw Material Market by Region
Chapter 8. Global Rigid Plastic Thermoforming Packaging Market by Region
8.1 North America Rigid Plastic Thermoforming Packaging Market
8.1.1 North America Rigid Plastic Thermoforming Packaging Market by End User
8.1.1.1 North America Food Market by Country
8.1.1.2 North America Rigid Plastic Thermoforming Packaging Market by Food Type
8.1.1.2.1 North America Meat & Fish Market by Country
8.1.1.2.2 North America Dairy Market by Country
8.1.1.2.3 North America Confectionery Market by Country
8.1.1.2.4 North America Ready To Eat Market by Country
8.1.1.2.5 North America Fruit & Vegetables Market by Country
8.1.1.2.6 North America Eggs Market by Country
8.1.1.2.7 North America Other Food Market by Country
8.1.1.3 North America Beverages Market by Country
8.1.1.4 North America HoReCa(Food Service & Takeout) Market by Country
8.1.1.5 North America Healthcare Market by Country
8.1.1.6 North America Cosmetics & Toiletries Market by Country
8.1.1.7 North America Industrial Market by Country
8.1.1.8 North America Other End User Market by Country
8.1.2 North America Rigid Plastic Thermoforming Packaging Market by Product
8.1.2.1 North America Bottles & Containers Market by Country
8.1.2.2 North America Caps & Closures Market by Country
8.1.2.3 North America Trays & Clamshells Market by Country
8.1.2.4 North America Tubs & Cups Market by Country
8.1.2.5 North America Microprocessors Packaging Market by Country
8.1.2.6 North America Other Product Market by Country
8.1.3 North America Rigid Plastic Thermoforming Packaging Market by Raw Material
8.1.3.1 North America Polyethylene Terephthalate (PET) Market by Country
8.1.3.2 North America Polypropylene (PP) Market by Country
8.1.3.3 North America Polystyrene (PS) Market by Country
8.1.3.4 North America Polyethylene (PE) Market by Country
8.1.3.5 North America Expanded Polystyrene (EPS) Market by Country
8.1.3.6 North America Polyvinyl Chloride (PVC) Market by Country
8.1.3.7 North America Bioplastics Market by Country
8.1.3.8 North America Other Raw Material Market by Country
8.1.4 North America Rigid Plastic Thermoforming Packaging Market by Country
8.1.4.1 US Rigid Plastic Thermoforming Packaging Market
8.1.4.1.1 US Rigid Plastic Thermoforming Packaging Market by End User
8.1.4.1.1.1 US Rigid Plastic Thermoforming Packaging Market by Food Type
8.1.4.1.2 US Rigid Plastic Thermoforming Packaging Market by Product
8.1.4.1.3 US Rigid Plastic Thermoforming Packaging Market by Raw Material