Thermoforming Machinery Market Grows at a CAGR of 4.3% from
NEWARK, Del, Aug. 25, 2022 (GLOBE NEWSWIRE) — According to Future Market Insights (IMF), the global thermoforming machine market size is expected to reach US$1,463.9 million by 2032 and grow at a CAGR of 4.3% from 2022 to 2032. Automated thermoformers are capable of packaging products in rigid or flexible packaging. They are widely used to do container molding and sealing process.
These machines use heat and vacuum to form a 3D shape of the packaging material. Modern thermoforming machines process plastics through software programs, control systems, heating elements, mold sections, and cooling and loading systems.
Low energy consumption, optimal material utilization, low maintenance costs and high productivity would drive the demand for automated thermoforming machines. Additionally, increased investment by key players in research and development activities to improve their product portfolios and offer automated machinery would support the growth.
Food and pharmaceutical industries are likely to drive the market for thermoforming machines as they are widely used in these industries. To pack the goods in minimum time and improve the shelf life of a product, automatic thermoforming machines are used in the aforementioned industries.
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Key points of the Thermoforming Machines market
- By type of operation, the automatic segment is estimated to represent 48.3% of the global thermoforming machine market share by the end of 2022.
- According to the demands, the food segment is expected to contain approximately 37% of the global thermoforming machine market share in 2022.
- The United States is expected to hold approximately 18% market share by the end of 2022.
- India should provide an additional opportunity worth US$45.9 million during the forecast period.
- The global thermoforming machine market has been growing steadily over the past few years and exhibited a CAGR of 3.2% during the historical period 2015-2021.
“Growing demand for packaged fruit juicess, soft drinks, milk and mineral water across the globe are likely to drive the market. In addition, increasing use of advanced thermoforming machines to package cosmetics and personal care products would drive growth,” says a IMF Analyst.
Use automation Thermoforming Machinery through food Treatment Industry at To increase the sales
From production and packaging to retail, the food sector is home to a large number of businesses. Automation of the packaging process affects nearly every aspect of food processing. Food processing companies are actively taking advantage of innovative machinery and equipment to solve the problem of time constraints associated with manual operations.
Automated food processing and packaging machinery not only minimizes or alters fluctuations in final output, but also reduces waste generation. Several food processors are constantly introducing new thermoforming machines into their packaging lines and improving their existing offerings to boost sales.
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Intensive use of thermoforming machines in the pharmaceutical industry at Createe Growth opportunitythat’s to say
Increased health and hygiene awareness has led to a high demand for pharmaceutical products such as disinfectants packed in blister packs. Major pharmaceutical companies have started offering gels, lotions and creams in this type of packaging to meet the growing demand of today’s consumers. The pharmaceutical industry is expected to experience significant growth over the next decade, which will have a direct positive impact on the sales of thermoforming machines used in the production of drugs.
Competitive Landscape: Thermoforming machines Market
Major players operating in the thermoforming machine market are UltraSource LLC, Thermoforming Inc., Colimatic USA, Hualian Machinery, Lumar Ideal, FL TÈCNICS ÍNDEX, SL, Utien Pack Co, Ltd., SIA SCANDIVAC, and MAAC Machinery Co., Inc. ., Mespack, Zhucheng Yide Machinery Co., Ltd., GN Thermoforming, WM Thermoforming Machines, SencorpWhite, Inc., Ridat Company, LX PLASTIC MACHINERY LIMITED and Gabler Thermoform GmbH & Co. Kg.
Get more information on Thermoforming machines Market
Future Market Insights, in its new report, offers an unbiased analysis of the global Thermoforming Machinery market, analyzing the historical demand from 2015-2021 and forecast statistics from 2022-2032. The study reveals market growth projections on thermoforming machines based on type of operation (manual, semi-automatic and automatic), orientation (horizontal and vertical) and application (food, pharmaceutical, cosmetics and personal care, electrical and electronics, etc. (chemicals, etc.)) in seven regions.
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
3.1. Market dynamics
TOC continuedunheard of..!
About Future Market Insights Packaging Division
Future Market Insights packaging division provides in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs and formats, Future Market Insights has an extensive database for these verticals, providing clients with unique research offerings and strategic recommendations. With a repository of over 1,000 reports, the team has comprehensively analyzed the packaging industry in over 50 countries. The team assesses each node of the value chain and provides end-to-end research and advisory services; reach out to explore how we can help you.
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