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Thermoformed trays
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Abi will answer all Thermoformed trays related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Thermoformed trays to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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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

Thermoformed trays Frequently Asked Questions

  1. How is the APAC thermoformed trays market faring?
  2. The thermoformed trays market in the Asia Pacific (APAC) will flourish at a healthy 6–7% CAGR during 2019–2024, driven by the increasing disposable income and heightening hygiene awareness. Moreover, market players are witnessing notable demand for thermoform packaging products, such as blisters, from the pharmaceutical industry. Furthermore, the usage of thermoformed trays in pharmaceutical applications will surge at an 8–9% CAGR within the same timeframe.
  1. What is the revenue size of the global thermoformed trays market?
  2. The global thermoformed trays market raked $42 Bn in 2019, and the figure will multiply at a 4–5% CAGR during 2019-2024. Manufacturers are reaping significant benefits from the rising penetration of thermoform packaging formats into emerging end-use domains, including food and healthcare.
  1. How is the global thermoformed trays market aligned?
  2. The competitive landscape of the global thermoformed trays market is highly fragmented, with the suppliers keeping innovation at the center of their strategies. Moreover, they are increasingly investing in service offerings, including warehousing, contract packaging, and design, to gain a competitive edge.
  1. What challenges do new entrants face in the global competitive landscape?
  2. Manufacturers of thermoformed trays have an integrated supply base to deliver thermoformed films and packaging products, raising the benchmark high for new entrants striving to run independently. Moreover, the market landscape demands high capital investment to provide integrated services, with usually 5-6 years of ROI.
  1. Who are the leading players in the worldwide thermoformed trays market?
  2. The global thermoformed trays market is mainly represented by Dow, Exxon Mobil, and Nova Chemicals, which cater to multiple large-volume resin converters.
  1. How strong is the buyers’ bargaining power?
  2. Buyers approaching converters that deliver comprehensive services have a better negotiation power in the global thermoformed trays market. However, converters leveraging additional service offerings square their negotiation potential.

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