Zion Market Research Thermoform packaging market, 2015 2021 | Página 3

Thermoform Packaging Market
impacting the market growth in a positive way. Changing lifestyle and rising living
standards are also expected to boost the global thermoform packaging market.
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On the basis of application, the thermoform packaging market is segmented into
pharmaceuticals, consumer usable, electronics, food & beverages, and others. The food
industry is the largest application segment and is anticipated to drive the global
demand in near future. The thermoform packaging market is divided on the basis of
types of shipping containers, clamshells, food trays, blister packages, and shipping
containers. Of which, clamshells segment is highly preferable in the global market.
Furthermore, the global market is categorized based on the material used as
acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), polystyrene
(PS), polyvinyl chloride (PVC), acrylics (PMMA), cellulose acetate, polypropylene (PP),
and low-density polyethylene (LDPE).
Europe accommodated for the highest market share owing vast industrial networks
such as automobiles, food and beverages, and pharmaceuticals. However, improving
the economy in Germany is also expected to contribute to the fastest growth in the
Europe for the thermoforming packaging market. Asia Pacific comes second after
Europe owing to gaining economic development in the country. Increasing food
industries in China and India is also expected to fuel the demand in the market. Japan
is focusing towards convenient products which will boost the global market growth in