Europe Plastic Sheets for Thermoforming Market is expected to reach US$ 4.11 billion by 2031

PRESS RELEASE BY The Insight Partners 23 May 2024

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Rising Demand from Packaging Industry Drives the Europe Plastic Sheets for Thermoforming Market Growth

According to the latest market study on “Europe Plastic Sheets for Thermoforming Market Forecast to 2031 – Regional Share, Trend, and Growth Opportunity Analysis – by Type, Thermoforming Type, and Application,” the market was valued at US$ 2.71 billion in 2023 and is projected to reach US$ 4.11 billion by 2031; it is anticipated to record a CAGR of 5.3% from 2023 to 2031. The report highlights key factors contributing to the Europe plastic sheets for thermoforming market size and prominent players, along with their developments in the market.

Plastic sheets for thermoforming are versatile materials used extensively across various industries for shaping into desired forms through heat-based processes. Polyolefins, including polyethylene and polypropylene, offer excellent flexibility, impact resistance, and transparency, making them ideal for packaging applications such as food containers, blister packs, and disposable cups. ABS plastic sheets are renowned for their exceptional strength, rigidity, and heat resistance, making them suitable for automotive parts, electronics housings, and consumer goods. Thermoformed polypropylene is also utilized for flexible and rigid packaging, and consumer products such as housewares, furniture, and luggage.

Europe Plastic Sheets for Thermoforming Market Breakdown – by Region

Europe Plastic Sheets for Thermoforming Market Breakdown – by Region

Europe Plastic Sheets for Thermoforming Market Scope 2031

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Europe Plastic Sheets for Thermoforming Market Size and Forecast (2021-2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Polyolefins (Polypropylene and Polyethylene), and ABS], Thermoforming Type (Vacuum Forming, Pressure Forming, Twin-Sheet Forming, and Others), Application (Packaging, Construction, Automotive, Consumer Goods, and Others), and Country

Thermoforming, a manufacturing technique where plastic sheets are heated until pliable and then molded into specific shapes using molds or dies, allows for the production of intricate and customized components with high precision and efficiency. These materials find applications across various industries, including packaging, automotive components, consumer goods, and medical devices, where thermoforming enables the creation of custom shapes and precise dimensions. The Europe plastic sheets for thermoforming market is expected to grow, with advancements in material science, manufacturing technology, and market dynamics.

The Europe plastic sheets for thermoforming market is experiencing robust growth and innovation fueled by the versatile applications of thermoformed products across diverse industries. Plastic sheets for thermoforming find extensive use in sectors such as packaging, automotive, healthcare, electronics, and construction due to their flexibility, durability, and cost-effectiveness. Plastic sheets are a crucial raw material in thermoforming, enabling manufacturers to create a wide range of products with varying shapes, sizes, and functionalities. Across Europe, the demand for thermoformed plastic products is steadily increasing, driven by factors such as the rise in consumer goods consumption, expansion of the food packaging industry, and advancements in automotive manufacturing.

Plastic sheets are lightweight compared to alternative packaging materials such as glass or metal, reducing transportation costs and environmental impact. As sustainability becomes a growing concern, manufacturers are increasingly adopting lightweight packaging solutions to minimize carbon emissions and energy consumption throughout the supply chain. Thermoforming processes allow for high-speed, high-volume production, enabling manufacturers to meet the demand for packaging materials in a timely and cost-efficient manner. The expanding packaging industry in Europe is a key driver behind the increasing demand for plastic sheets, specifically polyolefins and ABS, for thermoforming applications. The versatility, barrier properties, lightweight nature, and cost-effectiveness of plastic sheets make them indispensable for meeting the diverse packaging needs of various industries. The Europe plastic sheets for thermoforming market trends include the growing adoption of thermoforming in end-use industries.

In the packaging industry, plastic sheets are widely used for producing trays, containers, blister packs, and clamshells, allowing manufacturers to create custom-designed solutions that meet specific product requirements. The food & beverages sector, in particular, relies heavily on thermoformed packaging for its ability to provide protection, freshness, and visual appeal to products. Thus, the growing packaging industry is driving the Europe plastic sheets for thermoforming market growth.

There is a significant demand for plastic sheets for thermoforming from the food industry in France, owing to its reliance on efficient and hygienic packaging solutions to meet consumer demands for convenience, freshness, and safety. According to the US Department of Agriculture, in 2023, the French food processing sector encompassed ~19,000 companies, ranging from small family-owned businesses to a few of the world's largest multinationals, generating US$ 230 billion in sales. Thermoformed plastic packaging offers a versatile and reliable solution to meet these requirements. Plastic trays, containers, and packaging films provide excellent barrier properties, protecting convenience food products from contamination, moisture, and external factors during storage and transportation.

According to the European Commission, in the European Union (EU), from 2012 to 2022, the share of enterprises selling goods online increased from 16.4% in 2012 to 22.9% in 2022. The enterprises' turnover generated from e-sales increased by 4.9 percentage points (PP) during the same period, from 13.1% to 18%. In addition, according to the European Commission, in 2022, 91% of people aged 16 to 74 in the EU had access to the internet, of which 75% purchased or ordered goods or services online for private use. The proportion of e-shoppers increased from 55% in 2012 to 75% in 2022, recording a rise of 20 PP. The Europe plastic sheets for thermoforming market is poised for significant growth due to soaring demand for plastic sheets from the packaging industry.

The Europe plastic sheets for thermoforming market analysis is carried out by identifying and evaluating key players in the market across different regions. BEN Kunststoffe Vertriebs GmbH, Senoplast Klepsch & Co GmbH, Ondaplast Spa, Sky-light AS, PAR Group Ltd, MITRAS Materials GmbH, Nizza Plastic Co Ltd, NUDEC SA, Bay Plastics Ltd, and LADA-LIST LLC are among the key players profiled in the Europe plastic sheets for thermoforming market report.

Europe Plastic Sheets for Thermoforming Market Segmentation:

The market is segmented on the basis of type, thermoforming type, and application. Based on type, the market is segmented into polyolefins (polypropylene and polyethylene) and ABS. On the basis of thermoforming type, the market is divided into vacuum forming, pressure forming, twin-sheet forming, and others. In terms of application, the Europe plastic sheets for thermoforming market is segmented into packaging, construction, automotive, consumer goods, and others. The geographic scope of the Europe plastic sheets for thermoforming market report focuses on Europe (Germany, France, the UK, Italy, Russia, and the Rest of Europe). In terms of revenue, Germany dominated the Europe plastic sheets for thermoforming market share.

Based on application, the packaging segment held the largest Europe plastic sheets for thermoforming market share in 2023. Packaging plays a critical role in protecting and preserving products, ensuring their safety and quality throughout distribution and consumption. One prominent aspect of packaging to utilize plastic sheets for thermoforming market is its versatility. Manufacturers can produce a wide array of packaging designs and shapes tailored to specific product requirements, whether it's blister packs for pharmaceuticals, trays for fresh produce, or clamshells for electronics. Thermoformed plastic sheets offer flexibility in design and functionality. Materials such as polypropylene and polyethylene are utilized across various packaging applications, including food packaging, pharmaceutical blister packs, and consumer goods packaging. Polyolefins offer excellent formability, enabling manufacturers to produce intricate designs and shapes while maintaining product integrity. Cost-effectiveness remains a key consideration in the plastic sheets for the thermoforming market. Polyolefins, with their efficient processing and favorable pricing, offer economical solutions for high-volume packaging production. Thus, all these factors led to the dominance of the packaging segment in the Europe plastic sheets for thermoforming market.

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