Thermoforming Packaging Machines Market Size, Share, Growth, and Industry Analysis, By Packing Speed (Below 20 Cycles/Min, 20-50 Cycles/Min, Above 50 Cycles/Min), By Application (Food and Beverage, Electrical and Electronics, Medical and Pharmaceutical and Others), and Regional Forecast By 2031

Updated On: 15 April 2024

Thermoforming Packaging Machines Market Report Overview

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The global thermoforming packaging machines market size was USD 997.4 million in 2022, as per our research, the market is expected to reach USD 1495.1 million by 2031, exhibiting a CAGR of 4.6% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the thermoforming packaging machines market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Thermoforming packaging machines are used in the packaging industry to produce plastic packaging materials through a thermoforming process. Thermoforming is a manufacturing technique where plastic sheets are heated to a pliable forming temperature, then shaped into specific molds using vacuum, pressure, or both. This process allows the creation of various packaging products, such as blister packs, trays, clamshells, and containers.

These packaging machines offer several advantages, such as high production speed, versatility in design, cost-effectiveness for large-scale production, and the ability to use different types of plastic materials. These machines are commonly used in industries such as food packaging, pharmaceuticals, electronics, cosmetics, and consumer goods. They provide efficient and reliable packaging solutions, ensuring product protection, visual appeal, and ease of handling for end consumers.

COVID-19 Impact: Pandemic Increased the Market Demand

There have been some positive impacts of COVID-19 on the thermoforming packaging machines market share. The pandemic led to disruptions in global supply chains, including the availability of raw materials and components required for thermoforming packaging machines. Manufacturing and transportation restrictions, as well as border closures, impacted the timely delivery of machinery, which caused delays and affected production. The demand for thermoformed packaging products varied across different industries during the pandemic. While there was increased demand for packaging materials in sectors such as food and pharmaceuticals, other industries like automotive and non-essential consumer goods experienced reduced demand. These fluctuations in demand influenced the market for thermoforming packaging machines. With the focus on essential products, the demand for specific thermoformed packaging, such as medical device packaging, personal protective equipment (PPE) packaging, and food packaging, increased significantly. This created opportunities for manufacturers of thermoforming packaging machines catering to these sectors.

Latest Trends

"Advanced automation and robotics to fuel the growth in the market"

Thermoforming packaging machines are increasingly incorporating advanced automation and robotics to optimize production processes. Automated loading and unloading systems enable seamless material handling and reduce manual labour. Robotic stacking and palletizing systems improve stacking precision and enhance efficiency. Integrated quality control systems utilize sensors and cameras to detect defects, ensuring high-quality output. These advancements in automation and robotics not only enhance productivity but also minimize errors, reduce downtime for changeovers, and increase overall operational efficiency. The integration of advanced automation and robotics in thermoforming packaging machines is a response to the industry's need for improved speed, accuracy, and cost-effectiveness in packaging production.

Thermoforming Packaging Machines Market Segmentation

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• By Packing Speed Analysis

According to type, the market can be segmented below 20 cycles/min, 20-50 cycles/min, above 50 cycles/min.

• By Application Analysis

Based on application, the market can be divided into food and beverage, electrical and electronics, medical and pharmaceutical and others.

 Driving Factors

"Increasing demand for packaged products to foster the market growth"

The global demand for packaged products is driven by factors such as population growth, urbanization, and changing consumer lifestyles. The convenience, portability, and extended shelf life offered by packaged products are key drivers. Thermoforming packaging machines play a critical role in meeting this demand by providing efficient and reliable packaging solutions. These machines can produce a variety of packaging formats, including blister packs, trays, and containers, which are essential for packaging a wide range of products such as food, pharmaceuticals, electronics, and consumer goods.

"Growing emphasis on product protection to result in the expansion of the market"

The need for product protection throughout the supply chain is a driving factor for thermoforming packaging machines. These machines can produce packaging materials with excellent barrier properties, such as moisture resistance, light protection, and gas barrier capabilities. This ensures that products remain fresh, safe, and undamaged during transportation, storage, and display. Thermoformed packaging provides a protective barrier against contaminants, physical damage, and environmental factors that could compromise product quality. This emphasis on product protection is crucial in industries where maintaining product integrity and safety is paramount, such as food and pharmaceuticals.

Restraining Factors

"Environmental concerns and regulations to hamper the market growth"

The thermoforming packaging industry faces increasing scrutiny regarding the environmental impact of plastic waste. Strict regulations and consumer demand for sustainable alternatives can pose challenges for thermoforming packaging machines. Manufacturers must adapt to evolving sustainability requirements, invest in eco-friendly materials, and develop recycling or waste management strategies to mitigate these concerns.

Thermoforming Packaging Machines Market Regional Insights

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"Asia-pacific to lead the market owing to increasing demand for thermoformed packaging in the food and beverage." 

The Asia-Pacific region is expected to show the highest thermoforming packaging machines market growth during the forecast period. The growth of the market in this region can be attributed to the increasing demand for thermoformed packaging in the food and beverage, medical and pharmaceutical, and electrical and electronics industries. The rising disposable income and changing consumer preferences are also driving the growth of the market in this region.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market."

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• ILLIG Maschinenbau: Heilbronn, Germany
• MULTIVAC: Wolfertschwenden, Germany
• Brown Machine: Elk Grove Village, Illinois, USA
• Kiefel: Augsburg, Germany
• Irwin Research & Development, Inc.: Norcross, Georgia, USA
• Asano Laboratories: Tokyo, Japan
• SCM Group: Rimini, Italy
• GABLER Thermoform: Aalen, Germany
• GEISS AG: Aarburg, Switzerland
• WM Thermoforming Machines: St. Paul, Minnesota, USA
• Honghua Machinery: Changzhou, China
• GN Thermoforming Equipment: Grand Rapids, Michigan, USA
• Jornen Machinery: Småland, Sweden
• AMUT Group: Brugnera, Italy
• Agripak: Pune, India
• SencorpWhite: Richmond, Indiana, USA
• Hamer Packaging Technology: Grand Rapids, Michigan, USA
• ZED Industries: Fairfield, Iowa, USA
• Colimatic: Aarburg, Switzerland
• QS Group: Mississauga, Ontario, Canada
• Frimo: Aarburg, Switzerland
• Scandivac: Gothenburg, Sweden
• Veripack: Wroclaw, Poland
• BMB srl: Castelfranco Veneto, Italy
• MAAC Machinery: Ahmedabad, India

Report Coverage

This report examines an understanding of the thermoforming packaging machines market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.