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PUNE, India, May 25, 2023 /PRNewswire/ — According to a recent market study published by Growth Market Reports, titled, “Global Thermoforming Films Market by Type (Rigid Thermoforming Films And Flexible Thermoforming Films), Applications (Food, Pharmaceutical, Consumer Goods, Chemical, Electronic, Cosmetics & Personal Care, And Others), Material (Polyvinyl Chloride (PVC), Polyethylene (PE), Acrylonitrile Butadiene Styrene (ABS), Ethylene Vinyl Alcohol (EVOH), And Polyamide (PA)), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, The global thermoforming films market was valued at USD 83.8 Bn in 2022 and is projected to reach USD 123.5 Bn by 2031, expanding at a CAGR of 4.4% during the forecast period, 2023-2031.
New Developments:
On April 25, 2022, Amcor plc established thermoforming capabilities for medical packaging in its healthcare packaging facility in Sligo, Ireland. The multi-million-dollar investment strengthened Amcor’s leadership in the growing sterile packaging industry.
Key Market Players Profiled in the Report
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include type, device, and competitor analysis.
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Market Segment Highlights:
The market in Asia Pacific is expected to dominate the global thermoforming films market due to the increasing demand for thermoforming films in the packaging industry. The demand for thermoforming films is rapidly growing in emerging economies such as India and China as the demand for packaged food is rapidly increasing in these countries.
The market in North America is anticipated to register a considerable CAGR during the forecast period owing to the increasing demand for thermoforming films for packaging purposes in the pharmaceuticals and food & beverages industry.
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Key Takeaways from the Study:
Read 185 Pages Research Report with Detailed TOC on “Global Diamond Dressers Market by Product Type (Single/Multi-Point Diamond Dressers, PCD Combination Tools, PCD Indexable, Wear Parts), By Application (Automotive, Aerospace, Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031″
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Key Segments Covered
Product Type
Application
Region
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Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.
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