U.S. Thermoformed Plastic Market Size & Outlook, 2023-2030
Related Markets
U.S. thermoformed plastic market highlights
- The U.S. thermoformed plastic market generated a revenue of USD 1,947.3 million in 2023 and is expected to reach USD 2,712.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.8% 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 1,947.3 million |
| Market revenue in 2030 | USD 2,712.4 million |
| Growth rate | 4.8% (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, U.S. accounted for 13.2% 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 North America, U.S. thermoformed plastic market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 331.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
U.S. 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 21.96% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. is characterized by a low-risk environment, a stable economy, and a robust financial sector. These factors have provided a multitude of opportunities for investors in recent years, which are likely to trigger infrastructure spending in the country.
This, in turn, is projected to positively impact the demand for thermoformed plastics in the U.S. construction industry. There is a growing demand for thermoformed plastic sheets and films in roof flooring applications, which helps in limiting leakage and prevents buildings from extreme high and low temperatures.
It also gives a smooth texture to the ceiling and requires paint and cement in lesser quantities for beautification. An enormous increase in the use of thermoformed plastic sheets and growth in spending & purchases have been observed in larger cities such as New York, Seattle, and Washington, among others.
Reasons to subscribe to U.S. thermoformed plastic market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. thermoformed plastic market databook
-
Our clientele includes a mix of thermoformed plastic market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. thermoformed plastic market , including forecasts for subscribers. This country databook contains high-level insights into U.S. thermoformed plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. thermoformed plastic market size, by product, 2019-2030 (US$M)
U.S. Thermoformed Plastic Market Outlook Share, 2023 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
