Thermoform Packaging Companies Strategic Expansion Initiatives, Revenue Diversification, Strategic Joint Ventures, Licensing and Monetization

Date : 10 January 2025

Thermoform Packaging Manufacturers and Market Growth

The global thermoform packaging market size to hit USD 93 billion by 2034, growing from USD 52.40 billion in 2024, expanding at 5.9% CAGR from 2024 to 2034.

Thermoform Packaging Market Companies

  • Amcor
  • Placon Corp.
  • Sonoco Products Company
  • Dart Container Corp.
  • Pactiv LLC
  • Tray-Pak Corp.
  • Constantia
  • Lacerta Group, Inc.
  • D&W Fine Pack
  • Silgan Holdings, Inc.
  • RPC Group Plc
  • Rompa Group
  • Display Pack, Inc.

US Import Data: Thermoform Packaging Market - Key Consignees, Shippers, and Shipment Details

CONSIGNEE NAME SHIPPER NAME PRODUCT DESCRIPTION QUANTITY WEIGHT
BROWN MACHINERY GROUP LLC GABLER GMBH AND CO AUTOMATIC THERMOFORMING MACHINE 3 7200
GLOBAL PLASTIC SUPPLY INC JAYSHRI PROPACK PRIVATE LIMITED THERMOFORMING FILM HS CODE 39201099 19 18781
VERESCENCE NORTH AMERICA INC EDM THERMOFORMED TRAYS 5 1310
TERMOENCOGIBLES S A DE C V JAYSHRI PROPACK PRIVATE LIMITED THERMOFORMING FILM 1 567
TEAM PACKAGING INC JAYSHRI PROPACK PRIVATE LIMITED THERMOFORMING FILM HS CODE 39201099 33 19055

Recent Developments

  • In February 2024, ProAmpac announced that they will be launching a 90% fiber based, high barrier thermoforming packaging solution in the European market. This material is efficient, recyclable and has wide applications for food packaging.
  • In September 2024, Pact group joined forced with Hilton Foods, Woolworts Group and Cleanaway Waste Management to create a circular solution for trays used for fruits, vegetates or meats that will be made from polyethylene terephthalate (PET) material. This is the first such venture which aims to use packaging material that must be recyclable.
  • In January 2023, Lacerta acquired the Wisconsin based company Portage Plastic for an undisclosed sum. This acquisition aligns with Lacerta’s vision to expand their presence in the North American region and cater to wider consumer base.