Thermoformed plastics have become a popular choice for a wide variety of industries. They’re versatile, durable and offer a cost-effective solution to larger creations that can’t fit into a smaller mold. Thermoformed plastics are also a more flexible option than other manufacturing methods, such as injection molding. This makes them an ideal choice for manufacturers requiring high volumes of the same part or products with limited design changes and short lead times. The thermoforming process uses force to stretch a sheet of heated plastic over a mold and then form it into the desired shape or product (forming). It is a versatile method that can be used on a variety of materials, including acrylonitrile butadiene styrene (ABS), polyethylene terephthalate glycol, (PEV), polypropylene, styrene, and many others. In addition to a range of shapes and sizes, thermoforming also allows for different thicknesses of the resulting product. One of the biggest challenges of plastic thermoforming is minimizing the variation in thickness throughout the finished part. This can be done through a “plug-assisted” system whereby the plug pushes the part into the mold, limiting the area that is subjected to stretching and thus reducing the variance in the thickness of the finished product. This can be especially useful in reducing the amount of air trapped between the product and the packaging or for making resealable plastic bags that have consistent opening and closing properties. Manufacturers who use thermoformed plastics can better align their packaging with consumer demands for convenience. This may include resealable packaging for food or beverages, smaller package sizes, and more durable plastics that can withstand repeated use and impact.
Coherent Market Insights estimates that the market for Thermoformed Plastics Market was estimated at US$ 12.9 billion in 2023, and from 2023 to 2030, it is expected to increase to reach US$ 16.22 billion in 2030 at a compound growth rate (CAGR) of 2.9% over the forecast period.
Leading Companies in the Thermoformed Plastics Industry:
- Pactiv LLC
Established with roots dating back to the mid-20th century, Pactiv LLC is a key player in the US Food Packaging Solutions market. Headquartered in Lake Forest, Illinois, the company’s specialized products include disposable food containers, cups, trays, and wraps used by restaurants and catering services. Pactiv, recognized for brands like Hefty and Reynolds, focuses on sustainability, exploring eco-friendly packaging materials. Operating across the US, the company’s acquisitions and partnerships have driven product expansion.
2. Sonoco Products Company
Founded in 1899 and headquartered in Hartsville, South Carolina, Sonoco Products Company thrives in the US Packaging Solutions market. Catering to diverse industries like consumer goods, healthcare, and more, Sonoco offers containers, cores, and innovative packaging solutions. They extend beyond packaging with healthcare temperature-assured packaging and industrial products. The company emphasizes sustainability, operates globally, fosters innovation through R&D, and collaborates with clients for custom solutions. Listed on NYSE as “SON.”
3. Placon
Established in 1966 and headquartered in Madison, Wisconsin, Placon excels in US custom plastic packaging solutions. Serving globally with branches in Canada and Mexico, the company crafts tailor-made packaging, including clamshells and trays. Placon is dedicated to sustainability, utilizing recycled materials and eco-friendly options. They specialize in food, medical, and consumer packaging, emphasizing innovative design an a customer-centric, collaborative culture.
4. Genpak LLC
Founded in 1969, Genpak LLC, based in Charlotte, North Carolina, excels in the US Food Packaging Solutions market. Operating in numerous countries, including Canada and the UK, Genpak specializes in containers, trays, cups, and more for resturants, fast-food chains, and catering businesses. Renowned for innovative materials, customization options, and sustainability efforts, Genpak serves diverse sectors beyond food, reflecting its industry versatility.
*Definition – Thermoformed plastics is a process of heating and molding plastic sheets into desired shapes using vacuum or pressure, commonly for packing and products
