Global Thermoforming Machines Market Overview:
Thermoforming machines are used in the production of plastic or glass products by heating the thin plastic or glass sheets at a specific temperature and helps in molding an object with a predetermined shape. There are vacuum, pressure, mechanical thermoforming machines available used widely in food and beverage, medicine & pharmaceuticals, consumer goods, electrical, automobile, and other industries.
Growth Drivers
- Growing Production of Consumer Goods Products
- Need for the Thermoforming Process for Productivity and Efficiency in the Production of Plastic and Glass Products
Market Trends
- Increasing Use of Vacuum Thermoforming Machines
- Introduction of Automatic Thermoforming Machines
Roadblocks
- High Initial Cost Associated with Thermoforming Machines
Opportunities
- Surging Demand for the Thermoforming Machines in Food and Beverages Industry
Challenges
- Handling and Maintenance Complexities Involved with Thermoforming Machines
Competitive Landscape:
Some of the key players profiled in the report are Sarong S.p.A. (Italy), ILLIG Maschinenbau (Germany), MULTIVAC (United States), Kiefel (Germany), Asano Laboratories Co., Ltd. (Japan), QS GROUP S.p.a (Italy), Gabler Thermoform GmbH & Co. KG (Germany), WM Thermoforming Machines SA (Switzerland), AGRIPAK s.r.l. (Italy) and Brown Machine Group Corporate (United States). Considering Market by Industry Verticals, the sub-segment i.e. Food and Beverage will boost the Thermoforming Machines market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Thermoforming Machines market. Considering Market by Operation, the sub-segment i.e. Manual will boost the Thermoforming Machines market.
Latest Market Insights:
On 2nd March 2021, Brown Machine Group announced the acquisition of GN Thermoforming Equipment through the purchase of 100% of the stock. GN is a designer and manufacturer of thermoforming equipment, primarily for the food packaging industry. The GN acquisition significantly expands BMG’s thermoforming product offering and provides greater access to global customers in the food packaging industry.
On 1st July 2020, Sencorp and WM Thermoforming Machines announce a strategic partnership to strengthen thermoforming equipment options for North American manufacturers. This partnership provides an even broader range of Thermoforming equipment from Sencorp.
What Can be Explored with the Thermoforming Machines Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Thermoforming Machines Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Thermoforming Machines
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Thermoforming Machines market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Thermoforming Machines market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Thermoforming Machines Manufacturers, Thermoforming Machines International Traders, Thermoforming Machines Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.