The global thermoforming machines market size is set to reach a valuation of USD 961.0 million in 2023 and further expand at a CAGR of 4.3% from 2023 to 2033. The market is likely to reach USD 1,463.9 million by 2033. The top 3 companies are anticipated to hold 30 to 35% of the global market share by the end of 2033.
By operating type, the automatic segment is projected to create a growth opportunity of USD 166.5 million during the forecast period. Rising demand for automatic machines with end-use industries' surging adoption of the latest technologies is projected to aid growth.
The thermoforming machines market accounts for around 1 to 2% of the global packaging machinery market, worth USD 58 billion in 2023. According to FMI, the global market was valued at USD 925.0 million in 2021.
Demand for horizontal machines in terms of orientation is projected to rise in the next decade, and the top 5 key players are set to hold around 25 to 30% of the global thermoforming machines market share by the end of 2033.
Rising demand for thermoformed packaging solutions is anticipated for the global market. The surging need for packed products in the food and pharmaceutical industries is also estimated to augment sales of these machines. Owing to the abovementioned factors, the market is anticipated to expand 1.5 times the current value during the forecast period.
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Demand for Thermoformed Plastics to Boost Sales
Increasing the use of thermoformed plastics as a metal replacement using the heavy gauge process that provides applications in various industries such as medical devices, transportation, kiosks, aerospace, and industrial equipment would propel the market in the next decade.
Besides, the high demand for packaged fruit juice, carbonated drinks, milk, and mineral water globally is likely to drive the market.
Expansion of the Cosmetics Industry Benefit the Global Market
Thermoforming machines are widely used in the cosmetics industry to pack personal care and cosmetics items as tubes or sachets. As cosmetics need to be protected from damage, thermoformed packaging provides them with a long shelf life and can enhance their appearance.
As per the findings released by Cosmetics Europe, in 2021, the combined market value of cosmetics and personal care products sold across Europe was approximately USD 84 Billion.
It thus makes the region one of the major users of thermoformed packaging. An increasing number of cosmetics companies worldwide are rapidly adopting unique packaging solutions to attract more customers, which would push growth in the global thermoforming machines market.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 4.3% |
| Market Valuation (2023) | USD 961.0 million |
| Market Valuation (2033) | USD 1,463.9 million |
The global thermoforming machines market has grown steadily over the past few years and exhibited a CAGR of 3.2% from 2018 to 2022. The market is expected to grow rapidly in the forecast period owing to various advantages of these machines, including low cost, minimal carbon footprint, and easy-to-use features.
Thermoforming machines are categorized based on different operating types, such as manual, semi-automatic, and automatic. These machines are available in numerous orientations based on the requirement of end-use industries, such as horizontal and vertical.
Manufacturers are conducting research and development activities to upgrade their product portfolios and offer automated machines that can perform multiple tasks at the same time. Manufacturers persistently strive to modify their existing machinery solutions to produce thermoformed packaging.
In July 2021, for instance, Multivac, a leading packaging solution provider based in Germany, launched its new thermoforming packaging machine to meet the rising demand for snack packs.
The machine is specially designed to produce modified atmosphere packaging (MAP) and vacuum packaging for snack items containing protein, such as small sausages and beef jerky. Thus, similar product launches by renowned firms across the globe are estimated to bode well for the market.
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Automatic Thermoplastic Vacuum Forming Machines to Gain Traction
Based on operating type, the automatic segment is projected to expand at a CAGR of 3.1% from 2023 to 2033. Automatic thermoforming machines work faster than manual and semi-automatic machines.
With the expansion of the food and pharmaceutical industries, demand for automatic machines that can meet various customer needs and protect products for a long period is increasing.
Generally, in the food industry, snacks are packed on thermoforming machines, but they must be packed in the best possible way as they require long-term protection from the external atmosphere and moisture.
Food Industry to Extensively Use Vacuum Mold Machines
By application, the food segment is expected to account for about 37% of the global market share in 2023. Increasing global demand for packaged and processed foods is projected to boost the segment.
Numerous benefits of food processing, such as less susceptibility to spoilage, ease in preparation, preservation, and distribution compared to fresh food, are also likely to aid growth.
Pharmaceutical Industry in India to Look for Pressure Forming Machines
India is expected to offer an incremental opportunity worth USD 45.9 million during the forecast period. Surging demand for thermoformed packaging products across the pharmaceutical industry would lead to the expansion of the Indian market.
As a developing country, India exported pharma products worth USD 2.5 billion in 2023, as per facts released by the Ministry of Pharmaceutical Sciences. The country ranks third in terms of pharmaceutical production.
Over the last decade, the Indian pharma sector has grown steadily at a CAGR of 9.4%, representing the meteoric rise of the pharma sector in the country. Thus, expanding the pharmaceutical industry is anticipated to augment sales of thermoforming machines to pack various pharmaceutical products.
High Demand for Packaged Consumables in the United States to Boost Sales of Industrial Forming Machines
The United States is anticipated to hold about 18% of the market share by the end of 2023. It is expected to be the largest market for thermoforming machines, as compared to all the other countries across the globe.
According to facts released by the United States Department of Agriculture, in 2021, the food service industry and grocery retailers shipped approximately USD 2.1 Trillion worth of food to the United States market, out of which USD 1.2 Trillion came from the food service industry.
Thus, increased consumption of packaged consumables among modern-day consumers is set to spur growth in the United States.
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Key players operating in the thermoforming machines market are focusing on expanding their production capacities and resources through mergers and acquisitions to meet the growing demand for advanced machines. Also, they aim to expand their capabilities by establishing or broadening their manufacturing facilities.
Some of the latest industry developments are:
Gabler Thermoform, Brown Machine Group, and Creative Plastic International - Top Three Designers of Sustainable and Innovative Packaging
Gabler Thermoform, Brown Machine Group, and Creative Plastic International are the top three businesses in the field of thermoforming machines.
Gabler Thermoform has been able to solidify its financial foundation under the Possehl Group's wing and make long-term investments in developing sustainability and innovation. The company’s product range includes a full array of high-end machines.
It provides its portfolio to customers across the globe in the highest possible quality at the most competitive price. For instance, in July 2019, Gabler launched its new generation of the SWING 3 thermoforming machine. It provides user-friendly operation, high productivity, and maximum flexibility. Deep and flat products such as cups and trays can be easily produced within this type of machine.
Similarly, Brown Machine Group has emerged as a leading provider of thermoforming machinery. A collection of prestigious, premium industrial brands, including Brown, Lyle, GN, Freeman, NAS, and animatronics, have been merged into the business.
The organization also provides more knowledge, greater innovation, and top-notch customer service & technical support to attract more clients.
The business is committed to developing and providing sustainable and creative turnkey solutions to increase profitability, consistency, and efficiency.
For instance, in October 2021, the company acquired GN Thermoforming Equipment with the purchase of 100% of the stock. GN manufactures and designs thermoforming equipment, especially for the food packaging sector. The acquisition would enable Brown Machine Group to expand its thermoforming product offering.
Creative Plastic International (CPI), on the other hand, is an organization that specializes in the designing, tooling, and manufacturing of plastic parts. For instance, the company purchased the thermoforming business of SeaGate Plastics based in Michigan a few years ago. It moved production from Tecumseh to Jackson Center in Creative's thermoforming plant.
| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Operating Type, Orientation, Application, End Users, Region |
| Key Companies Profiled | UltraSource LLC; Rollstock Inc.; Climatic USA; Shandong Xiaokang Machinery Co. Ltd; Hualian Machinery; Lumar Idéal II Inc.; FL TÈCNICS ÍNDEX, S.L.; Utien Pack Co Ltd.; SIA SCANDIVAC; Mespack; MAAC Machinery Co. Inc.; Zhucheng Yide Machinery Co. Ltd.; GN Thermoforming Equipment; WM Thermoforming Machines SA; SencorpWhite Inc.; Ridat Company; LX PLASTIC MACHINERY LIMITED; Gabler Thermoform GmbH & Co. Kg.; H.K. Industries; Shandong Kangbeite Food Packaging Machinery Co. Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The thermoforming machines market is predicted to expand at a 4.3% CAGR through 2033.
The thermoforming machines market is expected to surpass USD 1,463.9 million by 2033.
The thermoforming machines market is anticipated to be USD 961.0 million in 2023.
The United States is dominating the global thermoforming machines market by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Operating Type 5.1. Manual 5.2. Semi-automatic 5.3. Automatic 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Orientation 6.1. Horizontal 6.2. Vertical 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Food 7.2. Pharmaceutical 7.3. Cosmetics & Personal Care 7.4. Electrical & Electronics 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. UltraSource LLC 18.2. Rollstock Inc. 18.3. Climatic USA 18.4. Shandong Xiaokang Machinery Co. Ltd 18.5. Hualian Machinery 18.6. Lumar Idéal II Inc. 18.7. FL TÈCNICS ÍNDEX, S.L. 18.8. Utien Pack Co Ltd. 18.9. SIA SCANDIVAC 18.10. Mespack 18.11. MAAC Machinery Co. Inc. 18.12. Zhucheng Yide Machinery Co. Ltd. 18.13. GN Thermoforming Equipment 18.14. WM SA 18.15. SencorpWhite Inc. 18.16. Ridat Company 18.17. LX PLASTIC MACHINERY LIMITED 18.18. Gabler Thermoform GmbH & Co. Kg. 18.19. H.K. Industries 18.20. Shandong Kangbeite Food Packaging Machinery Co. Ltd 19. Assumptions & Acronyms Used 20. Research Methodology
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Thermoforming Machines Market
