Thermoform Packaging Market Report 2025

The thermoform packaging market size has grown strongly in recent years. It will grow from $49.48 billion in 2024 to $52.88 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth during the historic period can be attributed to factors such as the expansion of the food and beverage industry, increasing demand for sustainable and recyclable packaging, the rising popularity of convenience and ready-to-eat foods, growth in the pharmaceutical and healthcare sectors, and the rise of the retail packaging industry.

The thermoform packaging market size is expected to see strong growth in the next few years. It will grow to $67.95 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. In the forecast period, growth is expected to be driven by the growing demand for sustainable and eco-friendly packaging, increased use in the food and beverage industry, the expansion of the e-commerce and retail sectors, rising demand for recyclable and biodegradable materials, and the growth of the electronics packaging sector. Key trends for the forecast period include the adoption of recyclable and biodegradable materials, advancements in thermoforming technology, the integration of smart packaging solutions, increased automation and digitalization in manufacturing and customization, and innovations in packaging design.

The growing e-commerce sector is expected to significantly drive the expansion of the thermoform packaging market. E-commerce involves the buying and selling of goods and services through online platforms such as websites, mobile apps, and online marketplaces. This sector is experiencing rapid growth due to the increasing adoption of digital payments, which provide consumers with secure, fast, and convenient transaction methods, enhancing their shopping experience. Thermoform packaging is widely used in e-commerce to safeguard products during storage and shipping while also improving presentation and customer satisfaction. It is commonly used for packaging products such as electronics, cosmetics, healthcare items, and consumer goods in blister packs, clamshells, and custom trays. For example, in February 2025, the Census Bureau of the Department of Commerce, a U.S. government agency, estimated total e-commerce sales to reach $1.19 trillion in 2024, marking an 8.1% increase from 2023. Thus, the growing e-commerce sector is driving the demand for thermoform packaging.

Companies in the thermoform packaging market are focusing on the development of sustainable packaging materials, such as fully recyclable mono-materials, to enhance sustainability, reduce environmental impact, and improve packaging efficiency while adhering to evolving regulatory and consumer demands. A fully recyclable mono-material is made from a single type of polymer that can be processed in existing recycling systems without the need for separation. For instance, in November 2023, Coveris, an Austria-based packaging company, launched MonoFlex Thermoform, a recyclable mono-material film for thermoform packaging that replaces non-recyclable mixed materials. Made from PE or PP and free from nylon, this material offers strong barrier properties and puncture resistance, while maintaining high packing speeds. This innovation supports industries such as bakery, meat, fish, poultry, and dairy, and provides options for printed or unprinted top films.

In February 2023, Neste Corporation, a Finland-based renewable energy and refining company, partnered with ILLIG Maschinenbau GmbH & Co. KG, a Germany-based company specializing in thermoforming and packaging machinery, to promote sustainable thermoformed plastic packaging. The partnership aims to integrate renewable and recycled materials into existing production processes to advance the sustainability of thermoformed packaging solutions.

Major players in the thermoform packaging market are ExxonMobil Corporation, Amcor plc, Berry Global Group Inc., Sonoco Products Company, Huhtamaki Oyj, Sinclair & Rush Inc., MULTIVAC Sepp Haggenmüller SE & Co. KG, ProAmpac Holdings Inc., Borealis AG, RPC Group Plc, Winpak Ltd., Coveris Holdings S.A., Genpak LLC, Greiner Packaging International GmbH, Bemis Company Inc., D&W Fine Pack LLC, Anchor Packaging Inc., Rohrer Corporation, Placon Corporation, ILLIG Maschinenbau GmbH & Co. KG, Plastic Ingenuity Inc., Graham Packaging Company L.P., Tekni-Plex Inc., Nefab AB, Display Pack Inc., Innovative Plastics Corporation.

North America was the largest region in the thermoform packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in thermoform packaging report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the thermoform packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Thermoform packaging is a plastic packaging solution made by heating plastic sheets and shaping them into specific forms to create lightweight, durable packaging. It is widely used across manufacturing sectors for providing protective, cost-efficient, and visually appealing packaging options.

The primary types of thermoform packaging include blister, clamshell, skin, and other variations. Blister packaging involves a plastic cavity that securely holds a product, often sealed with a backing made from paperboard or aluminum. The materials used in thermoform packaging include plastic, aluminum, paper, and paperboard, with heat-sealing coatings based on water, solvent, or hot melt methods. The main industries using thermoform packaging are food and beverages, pharmaceuticals, electronics, home and personal care, and other sectors.

The thermoform packaging market research report is one of a series of new reports that provides thermoform packaging market statistics, including thermoform packaging industry global market size, regional shares, competitors with a thermoform packaging market share, detailed thermoform packaging market segments, market trends and opportunities, and any further data you may need to thrive in the thermoform packaging industry. This thermoform packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The thermoform packaging market consists of sales of tubs, cups, pouches, bowls, and inserts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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