Thermoformed Trays Market Reaches USD 32.57 Bn by 2035

Thermoformed Trays Market Size, Trends, Key Segments, and Regional Dynamics with Manufacturers and Suppliers Data

The thermoformed trays industry is expected to grow from USD 12.67 billion in 2025 to USD 32.57 billion by 2035, driven by a CAGR of 9.9%. North America leads the market in 2025, while Asia Pacific grows fastest. PET and standard trays hold the biggest shares, but bio-based plastics and custom trays rise quickest. Food packaging leads, and pressure forming grows fastest ahead.

Last Updated: 15 December 2025 Category: Advanced Packaging Insight Code: 5912 Format: PDF / PPT / Excel

Thermoformed Trays Market Growth, Innovations and Market Size Forecast

The thermoformed trays market is forecasted to expand from USD 13.93 billion in 2026 to USD 32.57 billion by 2035, growing at a CAGR of 9.9% from 2026 to 2035. The urge for thermoformed trays is developing because of developing food demands, healthcare and electronics sectors, and e-commerce growth, which is driven by their cost-effectiveness, durability, and customization too.

Thermoformed Trays Market Size 2025 - 2035

Major Key Insights of the Thermoformed Trays Market

  • In terms of revenue, the market is valued at USD 13.93 billion in 2026.
  • The market is projected to reach USD 32.57 billion by 2035.
  • Rapid growth at a CAGR of 9.9% will be observed in the period between 2026 and 2035.
  • By region, North America dominated the market with 46.5% share in 2025.
  • By region, Asia Pacific expects the fastest growth in the market during the forecast period.
  • By material type, the polyethylene terephthalate (PET) segment has contributed to the biggest market share of 32.2% in 2025.
  • By material type, the bio-based plastics segment will be expanding at the fastest CAGR between 2026 and 2035.
  • By product type, the standard thermoformed trays segment has invested in the largest market share of 72.3% in 2025.
  • By product type, the custom thermoformed trays segment will be expanding at the fastest CAGR between 2026 and 2035.
  • By application, the food packaging segment is expected to have the biggest market share of 34.9% in 2025.
  • By Application, the pharmaceutical and medical segment will be expanding at the fastest CAGR between 2026 and 2035.
  • By forming technology, the vacuum forming segment has contributed to the largest market share of 54.8% in 2025.
  • By forming technology, the pressure forming segment will be extending at the fastest CAGR between 2026 and 2035.

What is the Thermoformed Trays Market?

The thermoformed trays market comprises rigid or semi-rigid packaging trays produced by heating and molding plastic sheets into specific shapes. These trays are widely used in food packaging, pharmaceuticals, medical devices, electronics, and industrial components due to their lightweight structure, durability, cost-effectiveness, and high customization capabilities.

Thermoformed trays display a tailored packaging solution designed through the thermoforming procedure. This procedure includes heating a plastic sheet until it is pliable and then molding it into a particular shape by using a tailored mold. The outcome is a lightweight, durable tray that serves as perfect protection for different products. The thermoforming procedure enables accurate personalization, which ensures that every tray aligns with needs and demands.

  • Machine Learning: Machine learning is updating thermoforming by enabling big defect checking, manufacturing efficiency, and precision, too. Organizations can now utilize artificial intelligence and data analytics to update their processes. This invention invests in developing productivity and enables businesses to stay at the top in the most possible way for an increasingly competitive industry.
  • Advanced Simulation Software: High-level simulation software enables producers to design the polymer behaviour at the time of forming and heating stages with unparalleled precision. By using this technology, engineers can foretell energy usage, customer waste before the physical manufacturing starts, and reduce fuel consumption too.
  • Sustainable Materials: The move towards sustainable materials in terms of thermoforming is being driven by a big urge for eco-friendly products across different sectors. Inventions in bio-based thermoplastics and recyclable polymers assist in reducing environmental problems caused by plastic pollution.
  • Aesthetics and Customization: Custom-crafted trays with particular departments, transparency, and branding factors are increasingly used to develop product visibility on the retail shelves.

Technological Developments of the Thermoformed Trays Market

Automatic thermoforming machines shape the plastic sheets into the packaging by using pressure and heat. The procedure begins when the machine heats a plastic sheet until it becomes soft. The sheet then shifts into a mold, in which the machine utilizes the vacuum or air to make a desired shape. This procedure makes packaging that matches food safety standards and serves better product protection. Thermoforming packaging machine technology assists organizations in receiving airtight seals, which leads to longer shelf life and improved safety for the food packaging.

Trade Analysis of Thermoformed Trays Market: Import & Export Statistics:

  • Worldwide, the leading three importers of Thermoformed Trays are Costa Rica, the United States, and Mexico. Mexico has topped the globe in terms of thermoformed taurus and has imported 2,496 shipments, followed by Costa Rica with 1,584 shipments, and the United States, which takes the third position with 621 shipments.
  • The globe has officially imported most of its thermoformed trays from Mexico, the United States, and Costa Rica.
  • As per the globe, it has 2,978 shipments of Thermoformed trays during the period June 2024 to May 2025, as it supplied by 273 exporters to 306 global buyers, which marks a growth rate of 19% as compared to the prior twelve months. During this time, in May 2025, the globe imported 111 thermoformed trays in shipments.

Thermoformed Trays Market - Value Chain Analysis

Raw Material Sourcing: ABS is created with acrylonitrile, butadiene, and styrene, which is a very rigid material and has perfect flexibility and elasticity, which reacts well with paint and glues well. These characteristics have integrated with the lease cost and ease of production, which make it the most prevalently used plastic raw material in the thermoforming procedure. It is generally used in sectors like electrical enclosures, auto parts, and medical and health needs and requirements.

  • Key Players: Nelipak Corporation, Tray-Pak Corporation, and Lacerta Group, Inc

Component Manufacturing: Thermoforming plastic trays and bins have grown as productive and evergreen solutions. Bins and trays manufactured through the tailored thermoforming production procedure are well known to serve various advantages for different sectors. From medical device storage to food processing, the thermoformed plastic taurus and bins serve a cost-effective and tailored material handling selection that ensures product visibility, protection, and easy handling too.

  • Key Players: D&W Fine Pack LLC, Placon Corporation, and Anchor Packaging Inc.

Logistics and Distribution: The selection of packaging design and material plays a crucial role in reducing transportation costs, optimizing space, and ensuring product safety, too. Among different packaging solutions, thermoforming trays are differentiated as a practical option and are cost-effective too. Such trays deliver an accuracy, durability, and ease of handling which make them perfect for smooth storage and logistics.

  • Key Players: DS Smith PLC, Dart Container Corporation, and Pactiv LLC.

Material Type Insights

Why the Polyethylene Terephthalate Segment Dominated the Thermoformed Trays Market In 2025?

The polyethylene terephthalate segment dominated the market in 2025 with 32.2% share as it maintains structural integrity from -40 degrees Fahrenheit to 180 degrees Fahrenheit, which makes it perfect for both hot food uses and frozen too. Styrofoam trays perform perfectly well in the cold but cannot be wrapped at temperatures above 100 degrees Fahrenheit. These trays serve as an effective barrier to puncture opposition that lowers the product loss from packaging failures. Independent testing displays PET trays that stand firmly with 40% more puncture force as compared to comparable Styrofoam alternatives.

The bio-based plastics segment is expected to experience the fastest CAGR during the forecast period. Bioplastics have various characteristics compared to regular plastics. Some of the bio-based plastics, such as polylactic acid (PLA) and the polyhydroxyalkanoates, are thermoplastics that can, theoretically, be utilised for thermoforming. Hence, because of their various pattern, bioplastics have special needs and demands in relation to processing and temperature that may change from those of regular plastics.

Product Type Insights

Why did the Standard Thermoformed Trays Segment Dominate the Thermoformed Trays Market In 2025?

The standard thermoformed trays segment dominated the market in 2025 with a 72.3% share, as it became famous because of the combination of its intrinsic physical benefits and the growth of high-volume and cost-effective production procedures, which align with the developing demands of different sectors in the post-WWII space. These thermoformed trays can be personalized to meet product weights, shapes, and dimensions, too. This enabled organizations in various sectors like medical, food, and electronics to fit their exact demands.

The custom thermoformed trays segment is expected to experience the fastest CAGR during the forecast period. Custom thermoformed trays are updating the way organisations package their products, serving a combination of durability, flexibility, and aesthetic look that regular packaging procedures cannot align with. These taurus are designed by using high-level thermoforming machines, which design plastic sheets into high-quality and accurate packaging solutions. They deliver medical, food, or industrial uses and custom thermoformed taurus that enables products to serve products securely while maintaining a professional look.

Application Insights

Why did the Food Packaging Segment dominate the Thermoformed Trays Market In 2025?

The food packaging segment dominated the market with a 34.9% share in 2025, as one of the initial benefits of thermoformed taurus for food packaging is hygiene. Such trays are being manufactured in controlled surroundings, by adhering to rigid food safety regulations and lowering the contamination too. Their packed edges and constant structure make sure that food stays safe, fresh, and visually appealing throughout the supply chain. The usage of thermoformed plastic trays assists in protecting against bacterial development and protects the quality of sensitive products like dairy, fruits, meat, and ready meals.

The pharmaceutical and medical segment is expected to experience the fastest CAGR during the forecast period. Pharmaceutical organizations use thermoformed trays to keep and distribute medication. Thermoformed plastic trays serve accurate classification that protects the pollutant. Hence, custom trays crafted for the medication assist quality management system standard, as they implement compliance and safety with the pharmaceutical sector's strict regulations and standards. Whereas the healthcare sector relies on thermoformed plastic trays to track the integrity and sterility of implants, instruments, and diagnostic machines.

Forming Technology Insights

Why Did The Vacuum Forming Segment Dominate The Thermoformed Trays Market In 2025?

The vacuum forming segment has dominated the market with 54.8% because it is a tailored subset of thermoforming. It utilises vacuum pressure to push a plastic sheet tightly over a mold. This procedure is perfect for making in-depth shapes with smooth surfaces. Vacuum forming is specifically effective for the single-surface molds that solve manufacturing. Producers frequently select vacuum forming for projects that need uniformity and accuracy. Prevalent uses count taurus, signage, and protective covers.

The pressure forming segment is expected to experience the fastest CAGR during the forecast period. Pressure forming trays is a high-level thermoforming procedure that utilises both positive air pressure and vacuum to make highly detailed, exact plastic trays with factors that are also suitable for injection molding. This procedure is widely used for manufacturing high-quality medical, food, and retail packaging trays. A flat sheet of thermoplastic, such as PVC, PET, and HIPS, is being heated in an oven until it becomes flexible.

Regional Insights

How North America is Dominating in the Thermoformed Trays Market?

North America dominated the market with a 46.5% share in 2025, as the thermoformed trays industry is witnessing strong demand due to development in the healthcare and food delivery sectors. Rising usage of ready-to-eat meals and strict regulations on food safety drive the acceptance of high-barrier thermoformed solutions. With growing demand for medical trays and sensitive barrier machines, producers are moving towards sustainable alterations. Also, the industry’s growth is initially being driven by high user demand for packaged and convenient foods and the strong presence of the main production procedures that need protective and durable packaging solutions.

Why is the Thermoformed Trays Market Dominating in the United States?

The growth is predicted to continue due to current product invention, technological advancements in material science and automation, and the developing demand for reliable and efficient packaging across different sectors. On the other hand, the demand for tamper-evident, sterile, and organized packaging for medical devices, unit-dose medications, and diagnostic kits is a main demand source. The U.S pharmaceutical industry is stretched, and big companies with an overall market share invest mainly in this area.

Why is the Thermoformed Trays Market Growing Rapidly in the Asia Pacific?

Asia Pacific expects the fastest growth in the market during the forecast period, as the demand for food and beverages is developing, which is driven by the rising popularity of microwavable meals, frozen and ready-to-eat, as well as the demand to stretch the shelf life and ensure hygiene too. Thermoformed trays are widely used in supermarkets for showcasing fresh produce, dairy products, and meat, too. Also, producers utilise thermoformed items like trays and clamshells for packaging sensitive electronic batteries, components, and accessories due to their protective qualities.

How is the Thermoformed Trays Market Expanding in India?

India‘s packaging sector is experiencing an update, which is driven by technological developments, automation, and sustainability urges. Thermoforming machines are playing an important role in shaping the future of medical supplies, food packaging, and industrial items, too. With the development of eco-friendly materials and fast-speed manufacturing, the future of thermoforming machines in India will emerge.

Which Elements are Responsible for the Growth of Thermoformed Trays in Europe?

Europe's thermoformed trays industry is witnessing major development, which is driven by the developing demand across different sectors, including healthcare, consumer goods, and food packaging. The industry's expansion is driven by technological elevation, growing user choice, and sustainability initiatives for reliable packaging solutions. As organizations find inventive and environmentally friendly options, the industry is meant for constant growth, with main players that invest in research and development to develop product services and align with emerging regulatory standards.

Why is Germany using Thermoformed Trays Market Significantly?

Storing environmental regulations, such as the German Packaging Act (VerpackG) and the EU directives on plastic waste, depends on producers to utilise compostable, recyclable, and bio-based materials. The German companies are receiving big recycling rates of 68.9% for the plastic packaging in the year 2023, and the latest Plastic Fund Act (EWKFondsG) has revealed an imposition on single-use plastics that encourages the urge for more sustainable options like PLA and rPET.

  • In October 2025, Amcor disclosed the revelation of AmSecure, which is a proprietary APET-dependent solution that has revealed the thermoformed rollstock and trays as a latest space of its Healthcare profile.

The Thermoformed Trays Market in the Middle East & Africa (MEA) region is currently the most chosen material because of its availability and low cost, as there is growing demand for biodegradable, sustainable, and eco-friendly alternatives, such as moulded pulp, which is being driven by the growing surrounding awareness and the government regulations on single-use plastics. South Africa has a mature food-producing foundation that tops the food processing machine market in the region, as the UAE is quickly advancing, supported by urbanization and national food security measures.

UAE Thermoformed Trays Market Trend

The development of the e-commerce industry in the UAE needs reliable yet cost-effective packaging for the accessories, electronics, and consumer goods that frequently use thermoformed blisters, clamshells, and trays, too. There is a main market trend towards eco-friendly practices and the application of biodegradable or recyclable materials, which is driven by user demand and government regulations that concentrate on plastic waste management.

  • In South America, the thermoformed trays market is growing steadily as it has advantages in rising and accepting the recyclable and biodegradable thermoformed materials, as sustainability becomes an important part of the supply chain. Medical device producers are increasingly contracting their packaging demands to tailored transformers that serve end-to-end services, which include regulatory assistance, design, and sterilization mixing too.

Brazil Thermoformed Trays Market Trend

The development of the Brazilian thermoformed tray is initially being driven by the growing demand for packaged food and beverages, which has a compulsion for versatile and smooth packaging solutions. Growing urbanization and updated user lifestyles have led to a demand in the e-commerce and retail sectors. Furthermore, government regulations mandate food safety and packaging standards that assist market expansion by pushing producers to update their machinery.

Recent Developments

  • In March 2025, ULMA Packaging disclosed its latest series of high-performance TFX thermoformers, which is a packaging solution crafted to solve current challenges in the food sector with a rigid concentration on manufacturing productivity, digitalization, and sustainability too.
  • In July 2025, Alma products, which are into tailored thermoformed trays to solve the ever-growing and fluctuating climate for the sustainable and inventive food packaging solutions across the UK, and which is a Haydock-based packaging specialist, has revealed its latest range that implements the loyalty that has been maintained with top industry food and beverage processors.

Top Companies in the Thermoformed Trays Market

  • Placon Corporation: Placon Corporation is a big-scale company famous for custom thermoformed packaging solutions.
  • Sonoco Products Company: Sonoco Products Company is a top supplier of packaging solutions, consumer packaging, and industrial products, too. With overall presence, the organization delivers different sectors that include healthcare, food and beverages, industrial, and more.
  • Pactiv LLC: Pactiv LLC is a leading distributor and producer of foodservice and food packaging products that serve different markets.
  • Fabri-Kal Corporation: Fabri-Kal Corporation is a leading provider of cutting-edge packaging solutions and strives to align with the demands of its users.
  • Berry Global Inc: Berry Global Inc specializes in the production and distribution of plastic packaging products, designed materials, and non-woven specialty materials.
  • Genpak LLC: It is a leading provider of sustainable and inventive food packaging solutions that match exactly the demands of various sectors.
  • Anchor Packaging Inc.: Anchor Packaging is popular in serving innovative food packaging solutions with a wide range of products that include trays, containers, wraps, and films, and the company caters to the demands of the foodservice sector.
  • Tray-Pak Corporation: Tray-Pak Corporation is a leading provider of sustainable and creative packaging solutions that align best with different industries, such as retail, food, and medical, too.
  • Sabert Corporation: Sabert Corporation is a top provider of inventive packaging solutions for the food sector that aligns with overall markets.
  • Universal Plastic Group Inc.: It is well known for its expertise in custom thermoforming. Universal Plastics is a big, accurate, heavy-gauge, tailored thermoformer in the Northeastern US.

Thermoformed Trays Market Segments Covered

By Material Type

  • Polyethylene Terephthalate (PET)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyethylene (PE)
  • Polyvinyl Chloride (PVC)
  • Bio-based Plastics

By Product Type

  • Standard Thermoformed Trays
  • Custom Thermoformed Trays

By Application

  • Food Packaging
  • Pharmaceutical & Medical
  • Electronics
  • Industrial Packaging
  • Consumer Goods

By Forming Technology

  • Vacuum Forming
  • Pressure Forming
  • Mechanical Forming

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Western Europe
      • Germany
      • Italy
      • France
      • Netherlands
      • Spain
      • Portugal
      • Belgium
      • Ireland
      • UK
      • Iceland
      • Switzerland
      • Poland
      • Rest of Western Europe
  • Eastern Europe
    • Austria
    • Russia & Belarus
    • Türkiye
    • Albania
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Taiwan
    • India
    • Japan
    • Australia and New Zealand
    • ASEAN Countries (Singapore, Malaysia)
    • South Korea
    • Rest of APAC
  • MEA
  • GCC Countries
    • Saudi Arabia
    • United Arab Emirates (UAE)
    • Qatar
    • Kuwait
    • Oman
    • Bahrain
  • South Africa
  • Egypt
  • Rest of MEA

Tags

Share With : linkedin twitter facebook
  • Insight Code: 5912
  • No. of Pages: 150
  • Format: PDF/PPT/Excel
  • Last Updated: 15 December 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021–2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Aditi Shivarkar, with 14+ years in packaging market research, specializes in food, beverage, and eco-friendly packaging. She ensures accurate, actionable insights, driving Towards Packaging 's excellence in industry trends and sustainability.

Learn more about Aditi Shivarkar

Related Insights

FAQ's

Rising demand from food packaging, healthcare, electronics, and e-commerce combined with cost-effective manufacturing and high customization is accelerating market expansion.

The market is projected to reach USD 32.57 billion by 2035, growing from USD 13.93 billion in 2026 at a CAGR of 9.9%.

North America leads with a 46.5% market share in 2025, supported by strong food delivery demand and advanced healthcare packaging requirements.

Asia Pacific will record the fastest growth due to rising packaged food consumption, electronics manufacturing, and rapid supermarket retail expansion.

PET accounted for 32.2% share in 2025 because of its superior temperature resistance, strength, and 40% higher puncture resistance compared with Styrofoam alternatives.

Regulatory pressures and sustainability commitments are pushing manufacturers toward PLA, PHA, and other bio-based polymers with improved thermoforming compatibility.

Standard trays captured 72.3% share in 2025 due to cost-efficient high-volume production and wide applicability across food, medical, and electronic sectors.

Food packaging accounted for 34.9% share because thermoformed trays ensure hygiene, freshness, and contamination control for meats, dairy, produce, and ready meals.