Thermoform Packaging Market Report 2026

The thermoform packaging market size has grown strongly in recent years. It will grow from $52.35 billion in 2025 to $55.6 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to expansion of packaged food consumption, growth of pharmaceutical blister packaging, rising use of plastic-based protective packaging, adoption of mass production packaging processes, increasing demand for cost-effective packaging.

The thermoform packaging market size is expected to see strong growth in the next few years. It will grow to $70.49 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing shift toward paper and bio-based thermoform materials, rising investments in smart packaging machinery, expansion of ready-to-eat food packaging, growing focus on sustainable packaging compliance, increasing demand for visually differentiated packaging. Major trends in the forecast period include increasing use of recyclable thermoform materials, rising demand for high-clarity packaging designs, growing adoption of automated thermoforming lines, expansion of lightweight rigid packaging solutions, enhanced focus on shelf appeal packaging.

The growing e-commerce sector is expected to drive the growth of the thermoform packaging market going forward. The e-commerce sector refers to buying and selling goods and services online through digital platforms such as websites, mobile apps, and online marketplaces. It is growing due to the increasing adoption of digital payments, which provide consumers with secure, fast, and convenient transaction options, enhancing the overall shopping experience. Thermoform packaging is widely used in e-commerce to protect products during storage and transit while enhancing presentation and customer experience. It is commonly employed for packaging electronics, cosmetics, healthcare products, and consumer goods in blister packs, clamshells, and custom trays. For instance, in February 2025, according to the Census Bureau of the Department of Commerce, a US-based government agency, total e-commerce sales were estimated at $1.19 trillion in 2024, reflecting an 8.1% (±1.1) increase from 2023. Therefore, the growing e-commerce sector is driving the growth of the thermoform packaging market.

Key players in the thermoform packaging market are focusing on developing sustainable packaging materials, such as fully recyclable mono-materials, to enhance sustainability, reduce environmental impact, and improve packaging efficiency while meeting evolving regulatory and consumer demands. A fully recyclable mono-material is made from a single type of polymer designed to be processed quickly within existing recycling systems without separation. For instance, in November 2023, Coveris, an Austria-based packaging company, launched MonoFlex Thermoform, a recyclable mono-material film for thermoform packaging, replacing non-recyclable mixed materials. Made from PE or PP and fully nylon-free, it offers strong barrier properties and puncture resistance while maintaining packing speeds. This innovation supports food sectors like bakery, meat, fish, poultry, and dairy, with 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 to advance sustainable thermoformed plastic packaging. The partnership integrates renewable and recycled materials into existing production processes. ILLIG Maschinenbau GmbH & Co. KG is a Germany-based company specializing in thermoforming and packaging machinery.

Major companies operating in the thermoform packaging market are Amcor plc, Berry Global Group Inc., Sonoco Products Company, Huhtamaki Oyj, Sinclair & Rush Inc., MULTIVAC SE & Co. KG, ProAmpac Holdings Inc., 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., Display Pack Inc.

North America was the largest region in the thermoform packaging market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the thermoform packaging market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the thermoform packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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