Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Thermoformed Trays Market size was valued at USD 7.32 billion in 2024 and is likely to cross USD 12.65 billion by 2037, registering more than 4.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of thermoformed trays is estimated at USD 7.59 billion.
The increasing demand for different end use products across the end user industries, such as FMCG, healthcare, consumer electronics and others, which require flexible packaging for enhanced product shelf life, is anticipated to promote the growth of the global thermoformed trays market. The global thermoformed trays market is segmented by packaging type into blister pack, clamshell and others. Among these segments, the blister pack segment is anticipated to gain a remarkable market share during the forecast period. Blister packaging is used widely in the pharmaceutical industry. It possesses numerous benefits, such as, it is easy to use, avoids double-dosing, are advantageous for people who are vision-impaired, keeps the product fresh, and others. Moreover, blister packaging offers the manufacturer numerous options for branding and for creating visually appealing and texturally pleasing experience.
