May 16, 2014
Wellesley, Mass., May 15, 2014 – BCC Research (www.bccresearch.com) reveals in its new report,THERMOFORMED PLASTICS: GLOBAL MARKETS, the global plastic thermoformed product market is expected to grow to 9.4 billion lbs by 2019, with a five-year compound annual growth rate (CAGR) of 4.3%. The electronic packaging category is the fastest moving subsegment in this market, growing at a CAGR of 4.9%.
The last decade has witnessed an increase in the use of thermoformed plastic products as the result of improved technologies and cost reductions. Consequently, consumption in the food packaging category, the dominant category in the overall market, was estimated to reach 6 billion lbs by 2019, registering a 4.1% CAGR.
However, the electronics segment, which is estimated at just 388 million lbs for 2014, is projected to jump to 494 million lbs by 2019.
“Thermoformed plastics are competing more favorably with injection molding and other plastic processes in several key applications,” says BCC Research plastics analyst Melvin Schlechter. “These include rigid food and healthcare packaging, automotive, building products, appliances, and a wide array of consumer and industrial/commercial products.”
Thermoformed Plastics: Global Markets Provides An Overview Of The Global Market For Thermoformed Plastics, Including Analyses Of Global Market Trends With Data From 2013, Estimates For 2014, And Projections Of Cagrs Through 2019. It also presents information on several important thermoformed plastics applications, such as rigid food and healthcare packaging, automobiles, building products, appliances, and an array of consumer and industrial/commercial products. In addition, this study includes profiles of top companies that produce the key plastic materials that are converted into thermoformed products.
This report is intended for anyone interested in the thermoplastics market, including manufacturers, resin producers, marketers, and end users, especially those in the packaged foods market.
Editors and reporters who wish to speak with the analyst, should contact Steven Cumming at email@example.com.
Thermoformed Plastics: Global Markets( PLS047C )
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email firstname.lastname@example.org or visit www.bccresearch.com/media to request access to our library of market research.