May 29, 2012 06:08 ET

Market Research Forecasts Consumption of Thermoformed Plastic Products at 8.5 Billion Pounds by 2017

ROCKVILLE, MD--(Marketwire - May 29, 2012) - has announced the addition of the new report "Thermoformed Plastics: Technologies and Global Markets" to their collection of Plastics market reports. For more information, visit

The global market for thermoformed plastic products was 6.8 billion pounds in 2011, and consumption is expected to increase from 7.0 billion pounds in 2012 to 8.5 billion pounds by 2017, a 4.0% compound annual growth rate (CAGR).

The packaging segment dominates thermoformed plastics, accounting for 80% of the total volume consumed. This sector was worth 4.8 billion pounds in 2011 and is expected to grow to 4.9 billion pounds in 2012 and nearly 6 billion pounds by 2017, a CAGR of 4%.

The market for thermoformed plastic appliances was 765 million pounds in 2011. This segment is projected to increase at a 4% CAGR, from 797 million pounds in 2012 to 971 million pounds by 2017.

For more information, visit

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