According to a report released by Exactitude Consultancy, the global thermoforming plastics market was worth $42.9 billion in 2022 and is expected to grow at a compound annual growth rate of 5.7% from 2023 to 2029, reaching $70.66 billion in 2029.
According to a report released by Exactitude Consultancy, the global thermoforming plastics market was worth $42.9 billion in 2022 and is expected to grow at a compound annual growth rate of 5.7% from 2023 to 2029, reaching $70.66 billion in 2029. As a type of thermoforming plastic process, thick sheet blister is also expected to usher in a broader development space as the market demand for thermoforming plastics grows.
Corporate News
- Greiner Packaging GmbH: Under the prospect of sustainable development, new thermoforming plastic solutions have been launched to meet the needs of multiple industries such as medical, pharmaceutical and food. Its self-separating cup named K3R100 has attracted much attention for its green future plan, which also indirectly reflects the environmentally friendly development trend of thick sheet blister in the packaging field.
- Palram Americas Ltd: The company produces plastic profiles in categories such as acrylic, polyvinyl chloride and polycarbonate to suit the application needs of different industries. The company has also expanded its manufacturing unit as demand for thermoformed plastics increases, indicating that the international market demand for thick sheet blister is on the rise in some areas.
In terms of technical patents
China Zhuhai Three Plastics Co., Ltd. has obtained a patent called "A thick sheet vacuum blister mold". The patent has a relatively simple structure and low cost, and can produce plastic products with special shapes. This reflects the innovation of Chinese companies in thick sheet blister technology and can also enhance the competitiveness of China's thick sheet blister industry internationally.