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United States Heavy & Thin Gauge Thermoformed Plastics Market 2019-2024 – Food Packaging Applications to Propel Market Demand – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "United
States Heavy Gauge and Thin Gauge Thermoformed Plastics Market (2019 –
2024)"
report has been added to ResearchAndMarkets.com's
offering.

The United States heavy gauge and thin gauge thermoformed plastics
market is expected to grow at a CAGR of 6.76% during the forecast period
of 2019-2024.

Major factors driving the market studied are increasing demand for
fuel-efficient and lightweight vehicles and accelerating usage in the
pharmaceutical and medical sector. Environmental problems related to
plastic waste is expected to hinder the growth of the market studied.

  • Automotive industry dominated the market in 2017 and is expected to
    continue its dominance during the forecast period.
  • Increasing demand for bio-based thermoplastic elastomers is likely to
    act as an opportunity in the future.
  • Germany dominated the market across the Europe with the largest
    consumption from the automotive industry.

Key Market Trends

  • Food Packaging Applications to Propel the Market Demand
  • Thin gauge thermoformed plastics are also used in food industry for
    meeting their packaging requirements. As the United States stands to
    be one of the largest market for processed and packaged food, the
    market for thin gauge thermoformed plastics market is widely driven by
    growth of food packaging industry.
  • Food packaging dominates the overall market for thermoformed plastics
    in the United States, and is expected to do so through to the forecast
    period.
  • As the market for packaged ad processed food has been growing in the
    United States, with various factors, such as growing population,
    increasing purchasing power, growing market for frozen food, and
    hectic life of the people, the market for packaging from food industry
    is also growing simultaneously in the country.
  • There have been studies that indicated cucumbers when wrapped in
    plastic can last 11 days longer than unwrapped cucumbers.
  • Similarly, bananas wrapped in plastic last 21 days longer than their
    unwrapped counterparts, and beef wrapped in vacuum plastic packaging
    with an oxygen barrier film lasts 26 days longer. Thus, such factors
    have lead to increased usage of packaging in the food industry, which
    is further driving the growth of food packaging industry.
  • Therefore, with increasing demand for food packaging (due to such
    factors) the demand for thin gauge thermoformed plastics market is
    also witnessing a growth simultaneously.

Topics Covered

1. Introduction

1.1 Scope of the Report

1.2 Study Deliverables

1.3 Research Phases

2. Executive Summary

3. Market Insights

3.1 Industry Value Chain Analysis

3.2 Industry Attractiveness – Porter's Five Forces Analysis

3.3 Price Trends

3.4 Plastics Industry Manufacturing Cost Structure

4. Market Dynamics

4.1 Drivers

4.1.1 Increasing Demand for Fuel-efficient & Lightweight Vehicles

4.1.2 Accelerating Usage in the Pharmaceutical & Medical Sector

4.1.3 Demand from the Food Packaging Industry

4.2 Restraints

4.2.1 Volatility in Price and Availability of Raw Materials

4.2.2 Environmental Problems Related to Plastic Waste

4.3 Opportunities

4.3.1 Increasing Application in the Aerospace Sector

4.3.2 Innovative Product Applications

5. Market Segmentation and Analysis (Market Size, Growth and
Forecast)

5.1 By Application

5.1.1 Heavy Gauge

5.1.1.1 Automotive and Transportation Parts

5.1.1.2 Kiosks/Displays/Modular Vending

5.1.1.3 Consumer Goods

5.1.1.4 Electrical and Electronics

5.1.1.5 Industrial and Machinery

5.1.1.6 Packaging

5.1.1.7 Medical Equipment and Devices

5.1.1.8 Health and Fitness/Recreation Equipment

5.1.1.9 Storage Bins, Containers and Totes

5.1.1.10 Other Heavy Gauge Applications

5.1.2 Thin Gauge

5.1.2.1 Medical Packaging

5.1.2.2 Food Packaging

5.1.2.3 Retail Packaging

5.1.2.4 Other Thin Gauge Applications

6. Policies and Regulations

For more information about this report visit https://www.researchandmarkets.com/research/xqqppl/united_states?w=4

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Related
Topics: Plastics