The global thermoforming plastic market size is expected to reach USD 55.38 Billion in 2028 and register a revenue CAGR of 5.3% over the forecast period, according to the latest report by Reports and Data. Increasing awareness of health and hygiene, high demand for packaged food products, and changing lifestyles of people are key factors driving market revenue growth. Thermoforming plastics have exceptional qualities such as odor, moisture, and microbial resistance. These can extend shelf life of packaged goods, while also being cost-effective.
Because of antibacterial properties and resistance to odor and moisture, thermoforming plastics are most commonly used in the healthcare industry. The special engineering of these plastics supports use as surgical gloves and urological disposables. Usage of these plastics in the food packaging industry is another factor driving thermoforming plastics market revenue growth. The market revenue growth is also expected to be driven by rising disposable income and growing product demand for packaging of ready-to-eat processed meals.
Increasing awareness regarding health and hygiene and high demand for packaged food items globally are key factors driving market revenue growth