The new report by Expert Market Research titled, ‘Global Thermoformed Plastics for Printing Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global thermoformed plastics for printing market, assessing the market based on its segments like plastic types, processes, thicknesses, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 6%
The thermoformed plastics for printing industry is being driven by the significant surge in demand for display and outdoor signage in various end-use sectors such as hospitals, restaurants, hotels, retail stores, and public places for advertising, among others. As display and outdoor signages are crucial for branding and promotion, the demand for thermoformed plastics owing to their low processing costs is surging. Moreover, thermoformed plastics can efficiently attain high volumes with high precision to lure the target audience to consume the product, which is propelling the market growth. Over the forecast period, the evolving preference of engineers towards thermoformed plastics instead of metals owing to the lightweight and customisable properties is likely to provide impetus to the market.
Industry Definition and Major Segments
Thermoformed plastics are extruded plastics that are heated and moulded into sheets. They have various favourable properties such as mouldability, customisability, and high quality, due to which they are extensively used in the printing industry. Drape, vacuum and pressure forming are some of the popular thermoforming methods used in the market.
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The different plastic types of thermoformed plastics for printing in the market are:
- Polycarbonate
- High Impact Polystyrene
- Acrylonitrile Butadiene Styrene
- Polyvinyl Chloride
- Polyethylene Terephthalate Glycol
- Acrylic
- Others
Based on process, the industry is divided into:
- Vacuum Forming
- Pressure Forming
- Mechanical Forming
- Others
By thickness, the market is segmented into:
- Thin Gauge
- Thick Gauge
The major applications of thermoformed plastics for printing include:
- Display and Outdoor Signages
- Promotional and Branding Products
- Gaming Panels
- Others
The regional markets for thermoformed plastics for printing include:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Market Trends
The increasing environmental awareness and the growing preference of plastic engineers towards eco-friendly and sustainable high-performance materials for manufacturing technologies are likely to augment the market for thermoformed plastics for printing. The emergence of 3D printing in the advertising and publishing sectors is likely to be another major trend in the market. In terms of region, North America accounts for a significant share in the market and is expected to attain a healthy growth in the forecast period. The growth can be attributed to the augmented demand for display and outdoor signages, owing to the thriving advertising and publishing industries in countries like the United States and Canada.
Key Market Players
The major players in the market are Sonoco Products Company, Plaskolite LLC, and Palram Industries Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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