NEW YORK, June 20, 2016 /PRNewswire/ -- This BCC Research report provides a comprehensive analysis of thermoformed plastics that include resin producers, plastic sheet producers, thermoformers and those in the major industries using these products. Forecast provided from 2016 to 2021.
Use this report to:
Quantify consumption of the major types of plastics used as thermoformed materials into each of their major applications.
Learn about this market in relation to resin usage and specific applications for the most important resins in a quantitative manner.
Analyze the reasons for using resins for specific thermoforming applications and an outlook of this scenario in five years (2016-2021).
The global market for thermoformed plastics reached nearly 8.0 billion pounds in 2015.
The market is expected to reach 10.2 billion pounds by 2021 from nearly 8.3 billion pounds in 2016, increasing at a compound annual growth rate (CAGR) of 4.3% from 2016 to 2021.
The food packaging applications of this market is expected to grow from 5.3 billion pounds in 2016 to 6.5 billion pounds in 2021 at a CAGR of 4.2% for the period 2016-2021.
Healthcare packaging applications will grow from 1.0 billion pounds in 2016 to 1.3 billion pounds in 2021 at a CAGR of 4.8% for the period 2016-2021
REASONS FOR DOING THE STUDY
The objective of this study is to provide a comprehensive analysis of thermoformed plastics that include resin producers, plastic sheet producers, thermoformers and those in the major industries using these products. There has, over the last decade, been an increase in the use of thermoformed plastic products due to improved technologies and, therefore, thermoformed plastics are competing more favorably with injection molding and other plastic processes in several key applications.
In addition, there have been very few previous studies that have quantitatively segmented the thermoformed portion of the plastic sheet business since plastic sheet is the precursor to plastic thermoformed products, while plastic sheet is also used extensively without being heated and stretched to plastic thermoformed products. Thermoformed products have been made from films, as well.
SCOPE OF THE STUDY
The focus of the study is to quantify consumption of the major types of plastics used as thermoformed materials into each of its major applications. Thermoformed plastics are involved in several important applications such as rigid food and healthcare packaging, automotive, building products, appliances, and a wide array of consumer and industrial/commercial products. The overall quantitative coverage is global.
The objective in updating a study of thermoformed plastics is to provide readers with a current view of this market as to resin usage and specific applications for the most important resins in a quantitative manner. Other goals were to explain why important resins are being used for specific thermoforming applications and an outlook of this scenario in five years.
Another reason was the need to reassess the importance of other markets for thermoformed plastics outside of its major one of food packaging. Thermoformed plastics also compete with those that are made by other processes such as injection molded, extruded, blow molded, and rotation molded plastic products.
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