19-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Thermoforming Packaging Machines Market Type (Below 20 Cycles/Min, 20-50 Cycles/Min, and Above 50 Cycles/Min), By Application (Food and Beverage, Electrical and Electronics, Medical and Pharmaceutical, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Thermoforming packaging machines market in 2019 was approximately USD 750.00 Million. The market is expected to grow at a CAGR of around 5.0% and is anticipated to reach around USD 1,000.00 Million by 2026.
Thermoforming is an engineering procedure in which plastic material is heated to a flexible making temperature, molded to a precise form in a mold, and pared to create a functional product. The film/sheet is heated in an oven to a high-enough temperature that allows it to be strained onto or into a cooled and mold to a finished form. Thermoforming is a plastic molding procedure wherein plastic material is heated up to its bendable temperature, and more, it is improved into the preferred form by molding. The thermoforming procedure offers numerous benefits like rapid product production and prototyping, low production cost, and lower tooling costs for smaller production amounts, over other plastic molding procedures like rotational and injection molding.
Browse the full “Thermoforming Packaging Machines Market Type (Below 20 Cycles/Min, 20-50 Cycles/Min, and Above 50 Cycles/Min), By Application (Food and Beverage, Electrical and Electronics, Medical and Pharmaceutical, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/thermoforming-packaging-machines-market-type-below-20-cyclesmin-818
The increasing trend towards eating of single-serve, on the go, ready to eat food products is the key factor in the increasing importance of thermoforming packaging machines through the food and beverage sector. The rising demand for food and beverage service operators for thermoformed products such as trays, clamshells, and containers is one of the most key factors fueling the growth of the global thermoforming packaging machines market. The global thermoforming packaging machines market is expected to grow owing to the in-demand by an extensive focus on research and development by key players. Rising sports and aerobics activities are anticipated to witness significant growth in the global thermoforming packaging machines market within the forecast period. Government stringent regulations concerning in various countries about plastics may hamper the market’s growth. Research and development, innovations activities in the technology of the thermoforming packaging machines and increased investment in food and beverage industries are anticipated to open new avenues for the universal thermoforming packaging machines market in the near future.
On the basis of type, the global thermoforming packaging machines market is segmented as below 20 cycles/min, 20-50 cycles/min, and above 50 cycles/min. Among which 20-50 cycles/min thermoforming packaging machines segment was accounted for the major revenue share in the global thermoforming packaging machines market in 2019. 20-50 cycles/min thermoforming packaging machines deliver maximum value to customers. The innovation in the thermoforming packaging machines in recent years is expected to positively impact segment growth. In 2019, the 20-50 cycles/min thermoforming packaging machines segment was accounted for more than 50.0% of the global thermoforming packaging machines industries.
By application, the global thermoforming packaging machines market is bifurcated into food and beverage, electrical and electronics, medical and pharmaceutical, and others. Among the aforementioned segment, the food and beverage were accounted for more than 50.0% revenue share in 2019. The growth in the food and beverage industry in the past few years has increased the demand for Thermoforming packaging machines in the food and beverage sector.
On the basis of region the thermoforming packaging machines market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the North American region dominates the thermoforming packaging machines market among all the regions followed by the Asia Pacific in terms of value.
Some of the key players operating in the market include MULTIVAC, Brown Machine LLC, CMS SpA (SCM Group), KIEFEL GmbH, Gabler Thermoform GmbH & Co. KG, Asano Laboratories, SencorpWhite, AMUT – COMI S.P.A, ZED INDUSTRIES, INC., GEISS AG, Ossid LLC, MAAC Machinery, and GN Thermoforming Equipment, among others.
This report segments the global thermoforming packaging machines market as follows:
Global Thermoforming Packaging machines Market: Type Analysis
- Below 20 Cycles/Min
- 20-50 Cycles/Min
- Above 50 Cycles/Min
Global Thermoforming Packaging machines Market: Application Analysis
- Food and Beverage
- Electrical and Electronics
- Medical and Pharmaceutical
Global Thermoforming Packaging machines Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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