North America Thermoformed Plastic Market Size & Outlook
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North America thermoformed plastic market highlights
- The North America thermoformed plastic market generated a revenue of USD 2,493.2 million in 2023.
- The market is expected to grow at a CAGR of 4.9% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,493.2 million |
| Market revenue in 2030 | USD 3,487.4 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polymethyl methacrylate (PMMA) |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 16.9% of the global thermoformed plastic market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,030.3 million by 2030.
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Thermoformed Plastic Market Scope
Thermoformed Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Brentwood Industries | View profile | 501-1000 | Reading, Pennsylvania, United States, North America | http://www.brentwoodindustries.com/ |
| Greiner Bio-One | View profile | 1001-5000 | Monroe, North Carolina, United States, North America | https://www.gbo.com/en_US/ |
| Packaging Corp of America | View profile | 14900 | 1 North Field Court, Lake Forest, IL, United States, 60045 | https://www.packagingcorp.com |
| Genpak | View profile | 1001-5000 | Charlotte, North Carolina, United States, North America | http://www.genpak.com |
| PLACON | View profile | 251-500 | Madison, Wisconsin, United States, North America | https://medical.placon.com |
| Pactiv Evergreen Inc Ordinary Shares | View profile | 15000 | 1900 West Field Court, Lake Forest, IL, United States, 60045 | https://www.pactivevergreen.com |
| Palram Industries (1990) Ltd | View profile | 1531 | Kibbutz Ramat-Yohanan, Ramat-Yohanan, Israel, 30035 | http://www.palram.com |
| Sonoco Products Co | View profile | 23000 | 1 N. Second Street, Hartsville, SC, United States, 29550 | http://www.sonoco.com |
North America 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 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 North America 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.
Thermoformed plastic market in North America is expected to witness a slow growth in 2020 and revival in 2021 as there is limited cross border trade among the economies on account of the COVID-19 pandemic.
Post pandemic outbreak, the regional market has been primarily driven by the rising demand for plastics in various application segments, including healthcare & medical, food packaging, electrical & electronics, automotive, construction, and consumer goods & appliances.
North America is one of the largest consumers of plastics owing to high demand from the automotive, electrical & electronics, packaging, and construction industries.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America thermoformed plastic market , including forecasts for subscribers. This continent databook contains high-level insights into North America thermoformed plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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North America thermoformed plastic market size, by country, 2019-2030 (US$M)
North America Thermoformed Plastic Market Outlook Share, 2023 & 2030 (US$M)
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