Heavy Gauge and Thin Gauge Thermoformed Plastics Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Plastic Type (Polypropylene, Polystyrene, Polyethylene Terephthalate, Polyethylene, Poly Vinyl Chloride, Bioplastics, Acrylonitrile Butadiene Styrene, and Others); Thermoforming Type (Vacuum Forming, Pressure Forming, and Mechanical Forming); Industry (Food & Agriculture Packaging, Consumer Goods & Appliances, Healthcare & Pharmaceutical, Construction, Electrical & Electronics, Automotive Packaging & Structures, and Others); and Region/Country

Detailed Analysis of COVID-19 Impact on the Heavy Gauge and Thin Gauge Thermoformed Plastics Market

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242

Table:

33

Figure:

106

Report ID:

UMCH21691

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Report Description
Table of content
Research Methodology

Report Description

Heavy Gauge and Thin Gauge Thermoformed Plastics Market 2
Heavy Gauge and Thin Gauge Thermoformed Plastics Market 2

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Heavy Gauge and Thin Gauge Thermoformed Plastics Market is anticipated to display a CAGR of around 5% over the forecast period (2021-2027). The thermoforming process includes the assimilation of plastic sheets, after which they are heated so as to convert them into a flexible form that can be molded into the desired shape which varies based on the end-use application. Heavy and thin gauge thermoformed plastics have wide applications in food & agriculture packaging, pharmaceutical industry, electronics & electrical appliance packaging, automotive parts packaging, etc. The increasing demand for thermoformed plastics from the food packaging and pharmaceutical packaging sectors, etc. would be a key factor driving the market growth over the forecast period. However, compliance with stringent regulations of thermoformed plastics manufacturers would hamper the market growth.

Insights Presented in the Report

“Amongst plastic type, polypropylene segment holds the major share.”

Based on plastic type, heavy gauge and thin gauge thermoformed plastics market is divided into polypropylene, polystyrene, polyethylene terephthalate, polyethylene, poly vinyl chloride, bioplastics, acrylonitrile butadiene styrene, and others. Among all, polypropylene holds a lucrative market share due to its high melting point, low water absorption capacity, high flexibility, and it is highly resistant to chemicals. Furter, it is a thermoplastic polymer that is one of the most widely used plastics worldwide due to its low manufacturing cost.

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“Amongst thermoforming type, vacuum forming held lucrative market share in 2020.”

Based on thermoforming type, heavy gauge and thin gauge thermoformed plastics market in divided into vacuum, mechanical, and pressure forming. Among all, vacuum forming holds considerable market share as it is the simplest method of polypropylene thermoforming which is widely used type of thermoformed plastic. Once the plastic is heated and fitted around the custom tool, a high-powered vacuum removes air and draws the plastic more tightly against the tool. This method is best for plastic components that don’t require sharp edges, defined corners, or intricate details, such as car dashboards and shipping trays.

“Asia Pacific represents as the prominent region in the Heavy Gauge and Thin Gauge Thermoformed Plastics Market.”

For a better understanding of the market adoption of heavy gauge and thin gauge thermoformed plastics, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Spain, Italy, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes the prominent market in the industry in 2020 owing to rising automobile industry leading to high production of vehicles. High production of vehicles would lead to increase in demand for heavy gauge and thin gauge thermoformed plastics for their auto parts production and packaging.

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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country-level analysis of the industry

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report

 

2.1.Research Process of the Heavy Gauge and Thin Gauge Thermoformed Plastics Market
2.2.Research Methodology of the Heavy Gauge and Thin Gauge Thermoformed Plastics Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Heavy Gauge and Thin Gauge Thermoformed Plastics Market Study

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5GLOBAL HEAVY GAUGE AND THIN GAUGE THERMOFORMED PLASTICS MARKET COVID-19 IMPACT

 

6GLOBAL HEAVY GAUGE AND THIN GAUGE THERMOFORMED PLASTICS MARKET REVENUE (USD BN), 2019-2027F

 

7.1.Polypropylene (PP)
7.2.Polystyrene (PS)
7.3.Polyethylene Terephthalate (PET)
7.4.Polyethylene (PE)
7.5.Poly Vinyl Chloride (PVC)
7.6.Bioplastics
7.7.Acrylonitrile Butadiene Styrene (ABS)
7.8.Others

 

8.1.Vacuum Forming
8.2.Pressure Forming
8.3.Mechanical Forming

 

9.1.Food & Agriculture Packaging
9.2.Consumer Goods & Appliances
9.3.Healthcare & Pharmaceutical
9.4.Construction
9.5.Electrical & Electronics
9.6.Automotive Packaging & Structures
9.7.Others

 

10.1.North America Heavy Gauge and Thin Gauge Thermoformed Plastics Market 
 10.1.1.United States
 10.1.2.Canada 
 10.1.3.Rest of North America
10.2.Europe Heavy Gauge and Thin Gauge Thermoformed Plastics Market 
 10.2.1.Germany 
 10.2.2.France 
 10.2.3.United Kingdom
 10.2.4.Italy 
 10.2.5.Spain 
 10.2.6.Rest of Europe
10.3.Asia Pacific Heavy Gauge and Thin Gauge Thermoformed Plastics Market
 10.3.1.China 
 10.3.2.Japan 
 10.3.3.India 
 10.3.4.Australia 
 10.3.5.Rest of Asia Pacific
10.4.Rest of World Heavy Gauge and Thin Gauge Thermoformed Plastics Market 

 

11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis

 

12HEAVY GAUGE AND THIN GAUGE THERMOFORMED PLASTICS MARKET OPPORTUNITIES

 

13HEAVY GAUGE AND THIN GAUGE THERMOFORMED PLASTICS MARKET TRENDS

 

14LEGAL & REGULATORY FRAMEWORK

 

15.1.Demand Side Analysis
15.2.Supply Side Analysis
 15.2.1.Top Product Launches
 15.2.2.Top Business Partnerships
 15.2.3.Top Business Expansions, Investments and Divestitures
 15.2.4.Top Merger and Acquisitions

 

16VALUE CHAIN ANALYSIS

 

17.1.Competitive Landscape
 17.1.1.Porters Fiver Forces Analysis
  17.1.1.1.Bargaining Power of Buyer
  17.1.1.2.Bargaining Power of Supplier
  17.1.1.3.Intensity of Rivalry
  17.1.1.4.Threats of New Entrant
  17.1.1.5.Threat of Substitute

 

18.1.Amcor Plc.
18.2.Dart Container Corporation
18.3.Sonoco Products Company
18.4.Fabri-Kal Corporation
18.5.Brentwood Industries Inc.
18.6.Placon Corporation
18.7.Winpak Ltd.
18.8.BASF SE
18.9.D&W Fine Pack
18.10.Peninsula Plastics Company Inc.

 

19DISCLAIMER

 

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future of the global Heavy Gauge and Thin Gauge Thermoformed Plastics adoption were the three major steps undertaken to create and analyze the adoption of Heavy Gauge and Thin Gauge Thermoformed Plastics across various segments in North America, Europe, Asia Pacific, and Rest of the world. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Heavy Gauge and Thin Gauge Thermoformed Plastics sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Heavy Gauge and Thin Gauge Thermoformed Plastics through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Heavy Gauge and Thin Gauge Thermoformed Plastics market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as plastic type, thermoforming type, and industry. Further regional & country-level analyses were conducted to evaluate the overall adoption of the Heavy Gauge and Thin Gauge Thermoformed Plastics in the global context.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Heavy Gauge and Thin Gauge Thermoformed Plastics. Further, we conducted factor analysis using dependent and independent variables such as rising construction activities, growing food & agriculture packaging industry. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, and product launches in the Heavy Gauge and Thin Gauge Thermoformed Plastics industry.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Heavy Gauge and Thin Gauge Thermoformed Plastics market, and market shares of the segments. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (USD) and the adoption rate of Heavy Gauge and Thin Gauge Thermoformed Plastics across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Heavy Gauge and Thin Gauge Thermoformed Plastics market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Heavy Gauge and Thin Gauge Thermoformed Plastics Market 1
Heavy Gauge and Thin Gauge Thermoformed Plastics Market 1

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Heavy Gauge and Thin Gauge Thermoformed Plastics market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of plastic type, thermoforming type, and industry

The main objective of the Heavy Gauge and Thin Gauge Thermoformed Plastics market study

The current & future market trends of Heavy Gauge and Thin Gauge Thermoformed Plastics were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends determine the overall attractiveness of the market at a global & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Heavy Gauge and Thin Gauge Thermoformed Plastics in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of plastic type, thermoforming type, and industry. Defined analysis of the regulatory framework for the Heavy Gauge and Thin Gauge Thermoformed Plastics industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Heavy Gauge and Thin Gauge Thermoformed Plastics for the major regions & countries
  • Major regions studied in the report include North America, Europe, Asia Pacific, and Rest of World
  • Company profiles of the Heavy Gauge and Thin Gauge Thermoformed Plastics market players and the growth strategies adopted by them to sustain in the fast-growing market
  • Deep dive regional & country level analysis of the industry