Posts

Showing posts with the label Thermoformed Plastics Market

Thermoformed Plastics Market is expected to expand at a CAGR of 4.9% during the forecast period 2022 - 2030

  Thermoformed Plastics Industry Overview The global thermoformed plastics market size was estimated at USD 13.45 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% during the forecast period. Globally, the increasing demand for these products in the healthcare and pharmaceutical packaging sector is projected to be a key factor driving the market growth during the projection period. The thermoforming process involves the fabrication of plastic sheets by heating them, to convert them into a bendable form that can be molded into the desired shape as per the customer’s specifications. More recently, thermoformed plastics are being used as a metal replacement using the heavy gauge process, which provides applications in industries such as transportation, industrial equipment, aerospace, kiosks, and medical devices. Gather more insights about the market drivers, restrains and growth of the Global Thermoformed Plastics Market In the medical i...