Thermoformed trays Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Thermoformed trays category?

Are you looking for answers on Thermoformed trays category?

  • What are the key trends in Thermoformed trays category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Thermoformed trays industry?
  • How is Thermoformed trays industry performing?

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Report Coverage

  1. Category Value Chain Analysis
  2. Value Chain
  3. Value Chain Analysis
  4. Industry Trends

Table of Contents

  1. Category Value Chain Analysis
  2. Value Chain
  3. Value Chain Analysis
  1. Executive Summary
  2. Glossary
  3. Global Industry Outlook
  4. Supply Market Outlook
  5. COVID-19 Impact
  1. Market Analysis
  2. Global Market Maturity
  3. Industry Trends
  4. Global Market Drivers and Constraints
  5. Regional Market Outlook: North America, Europe, LATAM, and APAC
  6. Porter’s Five Forces Analysis
  1. Cost and Price Analysis
  2. Aluminum Aerosol Can: Cost Structure
  3. Tinplate Aerosol Can: Cost Structure
  4. Pricing of Aerosol Cans
  1. Key Industry and Best Practices
  2. Key Integration Trends in Supply Chain
  3. Sustainability Avenues
  4. Innovation Framework

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Thermoformed trays Global Market Outlook:

The global thermoform packaging market is at $42 billion in 2019. Demand for the same is expected to grow at a CAGR of 4–5 percent from 2019 to 2024

  • The APAC market is expected to witness a high demand at a CAGR of 6–7 percent for thermoformed packaging during 2019–2024. Growing middle-class disposable income and increased hygiene awareness are the major growth drivers
  • The pharmaceutical end-uses in APAC and LATAM are expected to grow at a CAGR of 8–9 percent and 6–7 percent, respectively, from 2019 to 2024, in turn, driving the demand for thermoform packaging products, like blisters
  • Increased penetration of thermoform packaging formats into new end-use segments and increasing demand in key end-use segments with large volume, such as food and other healthcare products, would drive the overall market

Porter's Analysis on Thermoformed trays

Supplier Power

  • Consolidated resin supply base, led by Exxon Mobil, Dow and Nova Chemicals, etc., cater to various converters
  • Fluctuation in crude prices influences resin prices, which is passed down to converters
  • Large volume converters are attractive for suppliers

Barriers to New Entrants

  • Suppliers are integrated to provide films and thermoformed packaging products, which limit the barriers of new entrants looking to provide stand-alone services, thermoforming or lid films
  • Capital investment is high for providing integrated services and ROI is usually 5–6 years

Intensity of Rivalry

  • Supply base is highly fragmented with innovation-driven competition
  • Service offerings, such as contract packaging, warehousing, and design provide an edge over competition

Threat of Substitutes

  • Competition among the flexible packaging formats, like bags, pouches, and, films vs. paper and foil, are prominent compared to rigid packaging formats, which pose minimal or low threat

Buyer Power

  • Voluminous demand restricts price fluctuations of resins to be trickled down
  • Buyers opting for converters, who provide integrated services are at better negotiation standing
  • This is balanced when converters leverage additional service offerings

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