Reportstack has announced a new market research report on the Global Thermoformed Plastic Products Market 2014-2018, which is expected to grow at a CAGR of 4.27 percent during the forecast period of 2013-2018.
The market is expected to benefit from the increasing demand for packaged and canned foods, resulting from the changing lifestyle of the global population during the forecast period. In addition, the Global Thermoformed Plastic Products market will be favored by increased usage of thermoformed plastic products as a replacement for glass in various packaging applications.
“There has been a shift in consumer preference from glass packaging products to thermoformed plastic products in recent years because of its lighter weight and superior strength,” .
“This results in relatively low transportation costs for thermoformed plastic packaging products, as plastic is seven times lighter in comparison with the same volume of glass.”
Key Market Drivers
Increased Demand for Food and Healthcare Packaging
Substitute for Glass Packaging
Increased Demand for Thin-wall Packaging
Increased Usage as Substitute for IMP Products
Key Market Trends
Consolidation of Global Thermoformed Plastic Products Market
Rise in Demand from BRICS Countries
Increased Demand for Green Packaging
Key Market Vendors
Anchor Packaging Inc.
Associated Packaging Ltd.
Peninsula Packaging Company LLC.
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Complete report with TOC available @ Global Thermoformed Plastic Products Market 2014-2018.