Thermoformed Plastic Market To Witness A Significant Growth Of USD 20.66 Billion By 2030
San Francisco, 31 Oct 2023: The Report Thermoformed Plastic Market Size, Share & Trends Analysis Report By Product, By Process, By Application (Healthcare & Medical, Food Packaging, Automotive, Construction), By Region, And Segment Forecasts, 2023 - 2030 The global thermoformed plastic market size is expected to reach USD 20.66 billion by 2030, registering a CAGR of 4.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Globally, the increasing demand for medical and pharmaceutical products has been an important factor behind the market growth. Also, technological innovations in the manufacturing processes of these plastics are anticipated to advance the market. The increasing demand for these plastics in various application areas including food packaging, healthcare and medical, electrical and electronics, automotive, construction, and consumer goods & home appliances is expected to propel the market in the coming years. Rapid industrializatio