DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5djl3m/global) has announced the addition of the "Global Thermoformed Plastic Products Market 2014-2018" report to their offering.
Thermoformed plastic products are mass-produced by heating a plastic sheet to bending temperature, shaping it as desirable, and then cooling it. The cooled product is trimmed to get the required usable end-product. The various raw materials used for creating thermoformed plastic products include PS, PP, TPOS, PE, PVC, ABS, acrylics, polycarbonates, and bio-degradable polymers. Thermoformed plastic products have lighter weight and superior strength compared with traditional packaging materials such as wood and glass. Therefore, they are increasingly used in a variety of packaging applications, which include food, electronic, and healthcare packaging.
Consolidation of the Global Thermoformed Plastic Products market in recent years is one of the major trends witnessed in this market. Major players in the market have increased their mergers and acquisitions to gain a competitive edge and widen their customer reach.
According to the report, increased demand for food and healthcare packaging is one of the major drivers in the market. The demand for thermoformed plastic products from the food industry has increased because of elevated sales of canned and packaged food products, resulting from changes in the lifestyle of the population, globally. These products are also increasingly being used in the form of blisters for healthcare packaging.
Further, the report states that volatility in the price of raw materials is the major challenge hindering the growth of this market. The cost of manufacturing thermoformed plastic products has increased in comparison with previous years owing to the volatile high-price of crude oil. As the raw materials used in the manufacturing of thermoformed plastics are crude oil-based petrochemicals, this volatility is making it difficult for manufacturers to maintain profitability.
The Global Thermoformed Plastic Products market can be segmented as follows based on application:
- Food Packaging
- Consumer and Commercial Products
- Healthcare Packaging
- Electronic Packaging
- Anchor Packaging
- Associated Packaging
- Peninsula Packaging Company
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Global Thermoformed Plastic Products Market
- Market Segmentation by Application
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/5djl3m/global