Europe Plastic Sheets for Thermoforming Market Key Companies and SWOT Analysis by 2031

The Europe Plastic Sheets for Thermoforming Market size is projected to reach US$ 4.11 billion by 2031 from US$ 2.71 billion in 2023. The market is expected to register a CAGR of approximately 5.3% during 2023–2031. The growing adoption of thermoforming in end-use industries is likely to remain a key Europe plastic sheets for thermoforming market trend.

Europe Plastic Sheets for Thermoforming Market Analysis

The growing adoption of ABS in various industries is driving the demand for plastic sheets for thermoforming applications. ABS is also highly used in the electronics industry for manufacturing enclosures, housings, and structural components for electronic devices and appliances. ABS offers excellent electrical insulation properties, flame retardancy, and dimensional stability, making it suitable for protecting sensitive electronic components and ensuring product safety and reliability. The ability to customize ABS plastic sheets with various surface finishes, textures, and colors allows electronics manufacturers to achieve the desired aesthetics and branding for their products. Furthermore, ABS is increasingly being adopted in the consumer goods industry for applications such as point-of-sale displays, packaging, and product enclosures. The construction industry is increasingly adopting ABS for various applications, particularly in architectural and interior design. According to the FIEC—European Construction Industry Federation, the volume of construction works increased by 15.1% in December 2022 as compared with December 2021. ABS is also a preferred choice for manufacturing automotive components such as interior trim, exterior body panels, dashboard components, and grilles. Further, the ability of ABS to be easily molded into complex shapes and its resistance to chemicals, heat, and impact make it an ideal material for automotive thermoforming applications.

Europe Plastic Sheets for Thermoforming Market Overview

Plastic sheets for thermoforming are versatile materials extensively used 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. 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.

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Europe Plastic Sheets for Thermoforming Market: Strategic Insights

Europe Plastic Sheets for Thermoforming Market Drivers and Opportunities

Soaring Demand from Packaging Industry Bolsters Europe Plastic Sheets for Thermoforming Market Growth

Plastic sheets are used for various applications such as food packaging, consumer goods packaging, pharmaceutical packaging, and industrial packaging. The rising trend of e-commerce and online shopping has further fueled the demand for packaging materials, including plastic sheets, to protect goods transit and ensure their safe delivery to consumers. With more consumers purchasing products online, there is a growing need for durable, lightweight, and cost-effective packaging solutions.

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 for private use. The proportion of e-shoppers increased from 55% in 2012 to 75% in 2022, recording a rise of 20 PP. Thus, the soaring demand for plastic sheets from the packaging industry drives the market.

Europe Plastic Sheets for Thermoforming Market Report Segmentation Analysis

Key segments that contributed to the derivation of Europe plastic sheets for thermoforming market analysis are type, thermoforming type, and application.

• Based on type, the market is segmented into polyolefins (polypropylene and polyethylene) and ABS. The polyolefins segment held the largest share of the market in 2023.
• In terms of thermoforming type, the market is segmented into vacuum forming, pressure forming, twin-sheet forming, and others. The vacuum forming segment held the largest share of the market in 2023.
• On the basis of application, the market is segmented into packaging, construction, automotive, consumer goods, and others. The packaging segment held a significant market share in 2023.

Europe Plastic Sheets for Thermoforming Market Share Analysis by Geography

The geographic scope of the Europe plastic sheets for thermoforming market report is divided into Germany, France, Italy, the UK, Russia, and the Rest of Europe.

In terms of revenue, Germany dominated the Europe plastic sheets for thermoforming market in 2023. The plastic sheets for thermoforming market in Germany have witnessed significant growth in recent years. With the increasing demand for lightweight, durable, and cost-effective materials across various industries, polyolefins and ABS have emerged as popular choices for thermoforming applications. Polyolefins, such as polyethylene and polypropylene, offer excellent chemical resistance, impact strength, and flexibility, making them ideal for a wide range of packaging, automotive, and consumer goods applications.

Germany is one of the world's top pharmaceutical production locations. According to MedTech Europe, Germany's medical device sector is the largest in Europe and third in the world. According to the International Trade Administration, in 2023, Germany held a 25% share of the European medical devices market. Polyolefins, such as polyethylene and polypropylene, are widely used in the pharmaceutical industry for thermoformed packaging solutions, including blister packs, pill containers, and vials. ABS trays, housings, and components are commonly used for packaging medical devices, diagnostic kits, and surgical instruments, providing secure and sterile packaging solutions that meet the stringent regulatory requirements of the healthcare industry.

Europe Plastic Sheets for Thermoforming Market Report Scope

Europe Plastic Sheets for Thermoforming Market Players Density: Understanding Its Impact on Business Dynamics

The Europe Plastic Sheets for Thermoforming Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Europe Plastic Sheets for Thermoforming Market News and Recent Developments

The Europe plastic sheets for thermoforming market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

• In 2023 Coveris, a packaging manufacturer, launched a recyclable thermoforming film, Formpeel P, at COMPAMED in Dusseldorf. (Source: Coveris, Press Release, 2023)
• In 2023, Coveris launched mono-material thermoform packaging for food, available in polyethylene or polypropylene versions. (Source: Coveris, Press Release, 2023)

Europe Plastic Sheets for Thermoforming Market Report Coverage and Deliverables

The "Europe Plastic Sheets for Thermoforming Market Size and Forecast (2023–2031)" report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed Porter's Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles