About Thermoformed and Flow Wrapped Packaging
Thermoformed packaging is a type of packaging created by heating a sheet of plastic until it becomes pliable and then molding it into a desired shape using vacuum, pressure, or mechanical force. Flow-wrapped packaging, also known as horizontal form-fill-seal (HFFS) packaging, is a versatile and efficient method used to wrap a wide range of products in a flexible film. The thermoformed and flow-wrapped packaging market is expected to experience healthy growth in the coming years, driven by a variety of factors. The thermoformed and flow-wrapped packaging market presents exciting opportunities for businesses due to its versatility, affordability, and growing demand across various industries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. There are various growth opportunities in this market which are captured by leading players via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Thermoformed and Flow Wrapped Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GEA Group (Germany), EasyPak (United States), Amcor plc (Australia), Huhtamaki (Finland), Orcon Industries (United States), Coveris (United States), Jindal Films (United States), Mondi (Austria), Sealed Air (United States), DS Smith (United Kingdom), Berry Global Inc. (United States), Faerch A/S (Denmark) and Sonoco Products Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are UltraPak (United States), Pact Group (United States), BakPac (United States), Constantia Flexibles (Austria), Glenroy, Inc. (United States), Wihuri Packaging Oy (Finland) and Billerud AB (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global Thermoformed and Flow Wrapped Packaging market by Type (Thermoformed (Vacuum Forming, Plug Assist Forming, Plug Assist Pressure Forming) and Flow Wrapped (Horizontal, Vertical)), Application (Food & Beverages (Bakery & Confectionery, Meat, Poultry & Seafood, Herbs & Spices, Snacks & Desserts, Fruits & Vegetables, Dairy Products, Others), Pharmaceuticals & Healthcare, Electronics & Hardware, Personal care & Cosmetics and Others) and Region.
On the basis of geography, the market of Thermoformed and Flow Wrapped Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product, the sub-segment i.e. Bags & Pouches will boost the Thermoformed and Flow Wrapped Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyethylene Terephthalate (PET) will boost the Thermoformed and Flow Wrapped Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Recycled and Sustainable Packaging Solutions
Market Growth Drivers:
Rising Demand for Hygiene and Tamper-Evident Packaging and Increasing Demand from the Food & Beverage and E-Commerce Sector
Challenges:
Competition from Alternative Packaging Solutions
Restraints:
Governments are Increasingly Implementing Regulations to Curb Plastic Waste
Opportunities:
Integration with Smart Features Like NFC Tags or QR Codes for Track & Trace and Focus on Fast-Growing Regions like Southeast Asia and Africa
Market Leaders and their expansionary development strategies
In October 2023, Huhtamaki, a major player in the packaging industry acquired Elif, a flexible packaging manufacturer. This acquisition strengthens Huhtamaki's presence in the Middle East and Eastern Europe, expanding its reach in the thermoformed and flow-wrapped packaging market.
In December 2023, Harpak-ULMA, the industry leader in smart, connected packaging solutions, announces the launched of ULMA’s groundbreaking FR 400 TWIN Flow Wrapper— promising to revolutionize high-volume automated packaging operations with its exceptional throughput and compact footprint.
Key Target Audience
Manufacturer, New Entrants, Suppliers & Distributors, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.