Rigid Thermoform Plastic Packaging Market Report 2025 (Global Edition)

Global Rigid Thermoform Plastic Packaging Market Report 2025 Market Size Split by Material (Polyethylene terephthalate (PET), Polypropylene (PP), High density polypropylene (HDPE), Others), by Product...

Rigid Thermoform Plastic Packaging Market Report Description

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How 2025 Tariffs Are Reshaping the Consumer Goods Industry

In 2025, the global trade landscape has shifted dramatically following the U.S. introduction of sweeping tariffs under President Donald Trump’s administration. These "Liberation Day Tariffs," launched in April, aim to reduce trade deficits and boost domestic manufacturing. Tariffs range from 10% on imports from countries like the UK and Australia to 46% on Vietnamese goods, with a blanket 34% tariff on many Chinese imports and 25% on all steel, aluminum, and auto parts. This policy heavily impacts the consumer goods sector apparel, appliances, packaged foods, and personal care products due to their deep reliance on global supply chains, especially in Asia. U.S.–China trade tensions have intensified, with reciprocal tariffs reaching up to 145% on U.S. goods and 125% on Chinese exports, while China’s trade surplus with the U.S. hit USD 102.6 billion in March 2025. In response, the EU and Canada have implemented retaliatory measures, signaling a broader shift toward protectionism.

The consumer goods industry is feeling immediate effects: production costs are rising, sourcing is delayed, and inflation pressures are mounting. Apparel and footwear now face 25% tariffs, prompting brands to seek nearshoring options or raise prices. Household appliances incur 20% tariffs, complicating inventory and procurement strategies. Packaged foods and beverages are hit with 10–15% tariffs, impacting contracts and leading to supplier diversification and product reformulation. Personal care firms face higher costs for imported ingredients and packaging, leading to local sourcing efforts and delays in new product launches. Meanwhile, electronics, though temporarily exempt, are preparing for possible disruptions by diversifying suppliers and increasing inventories.

China remains the backbone of U.S. consumer goods sourcing, accounting for a large portion of imports either directly or through upstream components. This makes tariffs on Chinese goods especially disruptive. The rising input costs 15–30% in many categories combined with seasonal pressures and tight timelines, are causing delays and increased costs. Smaller brands, in particular, are struggling due to limited capital and reduced supplier leverage. Many are being forced to increase prices, cut product variety, or compromise on quality.

Market research is now critical to navigating this volatile environment. It supports supplier mapping and risk assessment, helping brands identify alternative sourcing countries with stable regulations and quality control. It also aids in cost and margin analysis, guiding decisions on pricing and sourcing changes. Optimization of product design and materials through research allows companies to reduce costs while maintaining consumer expectations. Additionally, research helps assess consumer price sensitivity, enabling strategic repositioning. Tracking regulatory changes and running scenario planning models allow firms to anticipate and adapt to future trade shifts.

To cope, companies are restructuring their global sourcing models. Major brands like Nike and IKEA are expanding operations in Vietnam, India, and Mexico, while embracing “in-market for market” strategies to reduce exposure to tariffs and logistics risks. Many are adopting AI-driven demand forecasting and automated procurement, and pushing suppliers for transparency. Product redesign and SKU rationalization are also common. The most successful firms are those using data-driven insights, operational flexibility, and strategic supplier partnerships to adapt not just survive in this new era of global trade.

Rigid Thermoform Plastic Packaging Market Insights Video

Competitive Landscape of the Rigid Thermoform Plastic Packaging Market

Leading market players are extensively spending in R&D to extend their product lines, allowing the rigid plastic packaging market to grow even further. Market participants are also engaging in a number of strategic initiatives to expand their presence, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. To grow and survive in a more competitive and increasing market environment, the Rigid Thermoform Plastic Packaging Market must provide cost-effective products.

February 2022, Amcor developed the first high-barrier, recyclable liquid pouch packaging solution. Amcor developed AmPrima PE Plus, a game-changing sustainable solution for complicated packaging systems. The AmPrima PE Plus innovation creates highly durable hermetic edge and fitting seals that perform well in tough manufacturing, distribution, and usage conditions. (Source: https://www.amcor.com/media/news/amprima-complex-formats) January 2023, Lacerta Group, a thermoformed packaging maker based in the United States, announced that it had acquired Portage Plastics & PPC Investments for an undisclosed sum. Along with acquiring Portage Plastics, the company plans to extend its regional footprint in the North American region to serve its clients better. (Source: https://blog.lacerta.com/news/lacerta-group-announces-acquisition-of-portage-plastics-assets)

Top Companies Market Share in Rigid Thermoform Plastic Packaging Industry: (In no particular order of Rank)

• Huhtamaki
• Amcor plc
• Anchor Packaging
• DS Smith Plc
• Sealed Air Corporation
• Berry Global Inc.
• Sonoco Products Company
• EasyPak
• CJK Packaging
• WestRock Company
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Rigid Thermoform Plastic Packaging Market

Which Region Dominates the Rigid Thermoform Plastic Packaging Market in 2024?

According to Cognitive Market Research, North America dominates the worldwide rigid thermoform plastic packaging industry. North American market growth is driven by the presence of prominent manufacturers and their constant product advancements. Manufacturers also offer custom packaging services to satisfy customer needs for industries such as food and drinks, retail, and pharmaceuticals, which contributes to market growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Rigid Thermoform Plastic Packaging market due to several compelling reasons. ? The rigid thermoform plastic packaging sector is expected to grow substantially in countries such as China and India as their economies and economic activity rise. Furthermore, these countries' growing populations create a huge market for FMCG goods and consumer durables, which is expected to boost the growth of the rigid plastic packaging sector.

The current report Scope analyzes Rigid Thermoform Plastic Packaging Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Rigid Thermoform Plastic Packaging Market Analysis

According to Cognitive Market Research, the global Rigid Thermoform Plastic Packaging market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Rigid Thermoform Plastic Packaging market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The rigid thermoform plastic packaging market in the US is a prominent segment of the packaging industry.
• The Canada Rigid Thermoform Plastic Packaging market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's the Rigid Thermoform Plastic Packaging market is influenced by factors such as changing consumer preferences, regulatory standards, technological advancements, and sustainability concerns.
• The Mexico Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD XX million in 2024.

Europe Rigid Thermoform Plastic Packaging Market Analysis

According to Cognitive Market Research, the global Rigid Thermoform Plastic Packaging market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Rigid Thermoform Plastic Packaging market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Rigid Thermoform Plastic Packaging sales witness an upswing due to the increased manufacturing activities.
• The France Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Rigid Thermoform Plastic Packaging market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Rigid Thermoform Plastic Packaging sales surged due to rising disposable income.
• The Italy Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russia Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.
• Rest of Europe's Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Rigid Thermoform Plastic Packaging Market Analysis

According to Cognitive Market Research, the global Rigid Thermoform Plastic Packaging market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Rigid Thermoform Plastic Packaging market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Rigid Thermoform Plastic Packaging sales surge in China due to the rising consumption levels.
• The Japan Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD XX million in 2024.
• The India Rigid Thermoform Plastic Packaging market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Growing populations, rising incomes, and changing lifestyles are among the primary factors fueling India's rigid plastic packaging business.
• The South Korea Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD XX million in 2024.
• The Australia Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD XX million in 2024.

South America Rigid Thermoform Plastic Packaging Market Analysis

According to Cognitive Market Research, the global Rigid Thermoform Plastic Packaging market size was estimated at USD XX Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031

• According to Cognitive Market Research, the Brazil Rigid Thermoform Plastic Packaging market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Rigid Thermoform Plastic Packaging sales flourish in Brazil due to the due to its strong resistance to impact, high-impact PS is a kind of plastic that is frequently employed in toys and consumer devices..
• Argentina Rigid Thermoform Plastic Packaging market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The Rigid Thermoform Plastic Packaging market in Argentina refers to the industry that manufactures rigid plastic packaging through a thermoforming process.
• Colombia Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD XX million in 2024.
• Peru Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD XX million in 2024.
• Chile Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD XX million in 2024.

Middle East Rigid Thermoform Plastic Packaging Market Analysis

According to Cognitive Market Research, the global Rigid Thermoform Plastic Packaging market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD XX million in 2024. The Rigid Thermoform Plastic Packaging market serves various sectors such as food and beverage, healthcare, cosmetics, and electronics..
• The Egypt Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD XX million in 2024. Rigid Thermoform Plastic Packaging sales flourish in South Africa due to consumer preferences, regulatory standards, and the adoption of sustainable packaging practices.
• The Turkey Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of MEA Rigid Thermoform Plastic Packaging market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD XX million in 2024.

Rigid Thermoform Plastic Packaging Market Analysis

Rigid Thermoform Plastic Packaging Market Material Segment Analysis

According to Cognitive Market Research, Polyethylene terephthalate (PET) is the dominant material in the global rigid thermoform plastic packaging industry. The segment's growth is being driven by increased demand for PET material, which has critical qualities such as high strength, lightweight, high resistance to solvents, and ease of recyclability to build rigid thermoform packaging solutions.

Polypropylene is the fastest-growing category in the Rigid Thermoform Plastic Packaging market. Polypropylene outperforms other plastic materials such as polyethylene, polyethylene terephthalate (PET), polystyrene (PS), and others in terms of barrier characteristics, surface polish, cost, and tensile strength. These qualities make polypropylene an appropriate material for a variety of packaging applications. Some of the emerging applications of polypropylene include medicine bottles, ketchup and syrup bottles, as well as bottle caps and closures

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Rigid Thermoform Plastic Packaging Industry. Request a Free Sample PDF!

Rigid Thermoform Plastic Packaging Market Production Process Segment Analysis

According to Cognitive Market Research, During the predicted period, the extrusion segment is expected to dominate the rigid plastic packaging market. The process accommodates a wide range of die profiles, allowing for the manufacture of components and products with simple to extremely complex continuous cross-sections. The extruded rolling stock does not have to cure before thermoforming. Extrusion operations have lower overall materials and waste costs than other molding processes because thermoplastics—which may repeatedly go through melting, molding, and hardening operations—are commonly employed.

The fastest-growing category in the Rigid Thermoform Plastic Packaging market is injection molding. The food and beverage industry is experiencing an increase in the demand for injection molding machines to produce various packaging and processing components, such as food and beverage containers, processing equipment components, conveyor system components, and others, which is one of the primary drivers of market growth. Furthermore, market expansion is likely to be driven by the rise of the automotive industry.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Rigid Thermoform Plastic Packaging End-user Industry Segment Analysis

End-user Industry Segment Analysis

According to Cognitive Market Research, food and beverage has the highest application share and will experience critical demand during the forecasted term. Food and beverage makers' extensive use of rigid thermoformed plastic packaging goods such as clamshells, cups and bowls, and trays is helping to drive category growth.

The Healthcare sector is commonly seen as the most rapidly expanding sector in the Rigid Thermoform Plastic Packaging industry. The Healthcare sector often needs specific packaging solutions to guarantee the safety, cleanliness, and adherence to regulations of products. The growing need for innovative and reliable packaging in the Healthcare sector is increasing due to the high demand for prescription drugs, medical devices, and healthcare products.

• Food and Beverage
• Personal Care
• Household
• Healthcare
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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