Germany Thermoformed Plastic Market Size & Outlook
- Plastics Polymers & Resins
- Plastic Resins
- Thermoformed Plastic Market Outlook
- Plastic Resins
Global Market
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Germany thermoformed plastic market highlights
- The Germany thermoformed plastic market generated a revenue of USD 922.6 million in 2023 and is expected to reach USD 1,202.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polymethyl methacrylate (PMMA) is the most lucrative product segment registering the fastest growth during the forecast period.
Thermoformed plastic market data book summary
| Market revenue in 2023 | USD 922.6 million |
| Market revenue in 2030 | USD 1,202.5 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polymethyl methacrylate (PMMA) |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymethyl methacrylate (PMMA), Bio-degradable polymers, Polyethylene (PE), Acrylonitrile butadiene styrene (ABS), Poly vinyl chloride (PVC), High impact polystyrene (HIPS), Polystyrene (PS), Polypropylene (PP) |
| Key market players worldwide | Pactiv Evergreen Inc Ordinary Shares, Genpak, Sonoco Products Co, Packaging Corp of America, PLACON, Brentwood Industries, Greiner Bio-One, Palram Industries (1990) Ltd |
Other key industry trends
- In terms of revenue, Germany accounted for 6.2% of the global thermoformed plastic market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany thermoformed plastic market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 437.7 million by 2030.
Germany is self-sufficient in terms of thermoformed plastic production with an adequate number of plants and production capacities to fulfill the local demand. Moreover, it supplies PVC, and other types of plastics to neighboring countries due to the presence of large production bases.
The country also recycles a significant amount of waste plastic into various products such as fibers, sheets, and films. Thermoformed plastics industry is playing a significant role in providing new and innovative products to key industries such as automotive, packaging, construction, and industrial manufacturing.
Germany is establishing itself as a key location for plastics industry in Europe, with the country’s leading-edge network of industrial infrastructure, unique cluster concept, and chemical parks, it provides players in the industry a smooth access to all parts of the thermoformed plastics industry value chain.
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Thermoformed Plastic Market Scope
Thermoformed Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sonoco Products Co | View profile | 23,000 | 1 N. Second Street, Hartsville, SC, United States, 29550 | www.sonoco.com |
| Palram Industries (1990) Ltd | View profile | 1,531 | Kibbutz Ramat-Yohanan, Ramat-Yohanan, Israel, 30035 | www.palram.com |
| Pactiv Evergreen Inc Ordinary Shares | View profile | 15,000 | 1900 West Field Court, Lake Forest, IL, United States, 60045 | www.pactivevergreen.com |
| PLACON | View profile | 251-500 | Madison, Wisconsin, United States, North America | medical.placon.com |
| Genpak | View profile | 1001-5000 | Charlotte, North Carolina, United States, North America | www.genpak.com |
| Packaging Corp of America | View profile | 14,900 | 1 North Field Court, Lake Forest, IL, United States, 60045 | www.packagingcorp.com |
| Greiner Bio-One | View profile | 1001-5000 | Monroe, North Carolina, United States, North America | www.gbo.com/en_US/ |
| Brentwood Industries | View profile | 501-1000 | Reading, Pennsylvania, United States, North America | www.brentwoodindustries.com/ |
Germany Thermoformed Plastic Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Thermoformed Plastic Market Outlook will help companies and investors design strategic landscapes.
Polypropylene (Pp) was the largest segment with a revenue share of 21.95% in 2023.
Horizon Databook has segmented the Germany thermoformed plastic market based on polymethyl methacrylate (pmma), bio-degradable polymers, polyethylene (pe), acrylonitrile butadiene styrene (abs), poly vinyl chloride (pvc), high impact polystyrene (hips), polystyrene (ps), polypropylene (pp) covering the revenue growth of each sub-segment from 2019 to 2030.
Germany is self-sufficient in terms of thermoformed plastic production with an adequate number of plants and production capacities to fulfill the local demand. Moreover, it supplies PVC, and other types of plastics to neighboring countries due to the presence of large production bases.
The country also recycles a significant amount of waste plastic into various products such as fibers, sheets, and films. Thermoformed plastics industry is playing a significant role in providing new and innovative products to key industries such as automotive, packaging, construction, and industrial manufacturing.
Germany is establishing itself as a key location for plastics industry in Europe, with the country’s leading-edge network of industrial infrastructure, unique cluster concept, and chemical parks, it provides players in the industry a smooth access to all parts of the thermoformed plastics industry value chain.
- Germany Thermoformed Plastic Market Product Outlook (Revenue, USD Million , 2019-2030)
- Polymethyl methacrylate (PMMA)
- Bio-degradable polymers
- Polyethylene (PE)
- Acrylonitrile butadiene styrene (ABS)
- Poly vinyl chloride (PVC)
- High impact polystyrene (HIPS)
- Polystyrene (PS)
- Polypropylene (PP)
- Germany Thermoformed Plastic Market Process Outlook (Revenue, USD Million , 2019-2030)
- Plug assist forming
- Thick gauge thermoforming
- Thin gauge thermoforming
- Vacuum snapback
- Germany Thermoformed Plastic Market Applications Outlook (Revenue, USD Million , 2019-2030)
- Healthcare & medical
- Food packaging
- Electrical & electronics
- Automotive
- Construction
- Consumer goods & appliances
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany Thermoformed Plastic Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Thermoformed Plastic Market Outlook from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Germany Thermoformed Plastic Market, 2019-2030 (US$M)
Germany thermoformed plastic market statistics, by product, 2019-2030 (Kilotons)
