The Latin America, Middle East and Africa Rigid Plastic Thermoforming Packaging Market is expected to witness market growth of 8.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Rigid Plastic Thermoforming Packaging Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $2.39 billion by 2032. The Argentina market is registering a CAGR of 9.8% during 2025-2032. Additionally, the UAE market is expected to showcase a CAGR of 7.8% during 2025-2032.
The adoption of rigid plastic thermoforming packaging has been driven by its practical advantages and ability to meet the evolving needs of manufacturers and end-users. Across industries, companies have embraced this technology for its quick turnaround times and relatively low tooling costs compared to other molding processes. Small and medium-sized enterprises have found thermoforming an accessible entry point into high-quality packaging production, enabling them to compete with larger players without significant upfront investment.
Moreover, the healthcare sector has seen notable adoption due to the need for secure, compliant packaging solutions. As medical advancements increase the demand for specialized devices and pharmaceuticals, thermoforming has proven to be a reliable method for producing packaging that meets stringent safety and performance standards. Its widespread use in this field is a testament to its ability to deliver consistent, high-quality results under exacting conditions.
Saudi Arabia achieved a self-sufficiency rate of 121% in fresh dairy production in 2021, indicating a surplus in dairy product availability. These surplus fuels the demand for efficient packaging solutions to ensure dairy products remain fresh for extended periods. Rigid plastic thermoforming packaging is vital in preserving dairy products such as yogurt, cheese, and milk by offering moisture resistance and enhanced durability. The Saudi market is also shifting toward sustainable packaging, prompting manufacturers to develop recyclable and eco-friendly thermoformed plastic alternatives.
The Brazil market dominated the LAMEA Rigid Plastic Thermoforming Packaging Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $2.39 billion by 2032. The Argentina market is registering a CAGR of 9.8% during 2025-2032. Additionally, the UAE market is expected to showcase a CAGR of 7.8% during 2025-2032.
The adoption of rigid plastic thermoforming packaging has been driven by its practical advantages and ability to meet the evolving needs of manufacturers and end-users. Across industries, companies have embraced this technology for its quick turnaround times and relatively low tooling costs compared to other molding processes. Small and medium-sized enterprises have found thermoforming an accessible entry point into high-quality packaging production, enabling them to compete with larger players without significant upfront investment.
Moreover, the healthcare sector has seen notable adoption due to the need for secure, compliant packaging solutions. As medical advancements increase the demand for specialized devices and pharmaceuticals, thermoforming has proven to be a reliable method for producing packaging that meets stringent safety and performance standards. Its widespread use in this field is a testament to its ability to deliver consistent, high-quality results under exacting conditions.
Saudi Arabia achieved a self-sufficiency rate of 121% in fresh dairy production in 2021, indicating a surplus in dairy product availability. These surplus fuels the demand for efficient packaging solutions to ensure dairy products remain fresh for extended periods. Rigid plastic thermoforming packaging is vital in preserving dairy products such as yogurt, cheese, and milk by offering moisture resistance and enhanced durability. The Saudi market is also shifting toward sustainable packaging, prompting manufacturers to develop recyclable and eco-friendly thermoformed plastic alternatives.
List of Key Companies Profiled
- Amcor Plc
- Sonoco Products Company
- Pactiv Evergreen Inc. (Reynolds Group Ltd.)
- Placon Corporation
- Genpak, LLC (Great Pacific Enterprises, Inc.)
- Anchor Packaging LLC
- Tekni-Plex Inc.
- Dart Container Corporation
- D&W Fine Pack LLC
- Lacerta Group, LLC
Market Report Segmentation
By End User
- Food
- Meat & Fish
- Dairy
- Confectionery
- Ready To Eat
- Fruit & Vegetables
- Eggs
- Other Food
- Beverages
- HoReCa(Food Service & Takeout)
- Healthcare
- Cosmetics & Toiletries
- Industrial
- Other End User
By Product
- Bottles & Containers
- Caps & Closures
- Trays & Clamshells
- Tubs & Cups
- Microprocessors Packaging
- Other Product
By Raw Material
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyethylene (PE)
- Expanded Polystyrene (EPS)
- Polyvinyl Chloride (PVC)
- Bioplastics
- Other Raw Material
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Rigid Plastic Thermoforming Packaging Market by End User
Chapter 6. LAMEA Rigid Plastic Thermoforming Packaging Market by Product
Chapter 7. LAMEA Rigid Plastic Thermoforming Packaging Market by Raw Material
Chapter 8. LAMEA Rigid Plastic Thermoforming Packaging Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Amcor Plc
- Sonoco Products Company
- Pactiv Evergreen Inc. (Reynolds Group Ltd.)
- Placon Corporation
- Genpak, LLC (Great Pacific Enterprises, Inc.)
- Anchor Packaging LLC
- Tekni-Plex Inc.
- Dart Container Corporation
- D&W Fine Pack LLC
- Lacerta Group, LLC
Methodology
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