Thermoformed Plastic Market Share

APAC Market Forecast

The thermoformed plastic market in the Asia Pacific region is projected to hold the largest market share of 38% by the end of 2037. Asia Pacific is experiencing rapid industrialization and urbanization, with a projected urban population of approximately 3.1 billion by 2050. The growth of industries and urban infrastructure drives the demand for thermoformed plastic products in various applications, such as packaging, automotive, electronics, and construction.

North American Market Statistics

The thermoformed plastic market in the North America region is projected to hold the second-largest share during the forecast period. The North American automotive industry is one of the largest globally, with the United States and Mexico being significant contributors. The automotive vehicle sales in North America were valued at over USD 1 trillion in 2020 and are expected to witness steady growth. Thermoformed plastics are widely used in various automotive components, such as interior trims, dashboards, and door panels.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of thermoformed plastic is assessed at USD 12.6 billion.

The thermoformed plastic market size was valued at USD 11.8 billion in 2024 and is set to reach USD 33.96 billion by the end of 2037, expanding at around 8.4% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for automotive will drive the market growth.

Asia Pacific industry is poised to account for largest revenue share of 38% by 2037, backed by rapid industrialization and urbanization in the region.

The major players in the market include Pactiv LLC, Sonoco Products Company, Anchor Packaging, Inc., Genpak LLC, D&W Fine Pack LLC, Placon Corporation, RPC Group Plc, Tray-Pak Corporation, Dart Container Corporation, Silgan Holdings Inc.

Thermoformed Plastic Market Share