The Global Thermal Forming Material Market was valued at USD 2.84 Billion in 2024 and is projected to reach USD 4.12 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period (2024–2032). This expansion is fueled by rising demand for sustainable packaging solutions, lightweight automotive components, and advanced medical device manufacturing using thermoformed plastics.
As industries globally transition toward eco-friendly and cost-effective material solutions, thermal forming technologies have become pivotal across multiple sectors. In this comprehensive analysis, we examine the Top 10 Companies in the Thermal Forming Material Industry—innovators driving polymer technology advancements across packaging, healthcare, automotive, and industrial applications.
🔟 1. Berry Global Inc.
Headquarters: Evansville, Indiana, USA
Key Offering: Polypropylene, PET, and recycled-content thermoformed packaging
Berry Global leads the thermal forming market with comprehensive solutions spanning food packaging, healthcare, and consumer goods sectors. Operating 290 facilities worldwide, the company commands an 18% market share through its vertically integrated production capabilities.
Sustainability Initiatives:
- Commitment to 30% circular plastic content in packaging by 2030
- $130 million invested in advanced recycled polymer processing facilities
- Industry-leading thin-wall thermoforming technology reducing material usage
Download FREE Sample Report: Thermal Forming Material Market – View in Detailed Research Report
9️⃣ 2. Amcor plc
Headquarters: Zurich, Switzerland
Key Offering: Thermoformed PET, PP, and sustainable alternatives
Amcor stands as a global leader in flexible and rigid plastic packaging, specializing in pharmaceutical, food, and consumer applications. With 225 production facilities across 40+ countries, Amcor combines scale with innovation.
Sustainability Initiatives:
- $50 million allocated for sustainable packaging R&D
- Pioneered fully recyclable thermoformed medical packaging solutions
8️⃣ 3. Pactiv LLC
Headquarters: Lake Forest, Illinois, USA
Key Offering: Foodservice packaging and industrial thermoforming solutions
Pactiv excels in food packaging with proprietary barrier technologies and microwave-safe formulations, serving over 100,000 food service establishments across North America.
Sustainability Initiatives:
- 50% post-consumer recycled content in selected product lines
- Strategic partnerships with major QSR chains for sustainable packaging
7️⃣ 4. Fabri-Kal
Headquarters: Kalamazoo, Michigan, USA
Key Offering: Custom thermoformed packaging solutions
Fabri-Kal specializes in sustainable food packaging innovations, holding 150+ patents in thermoforming technology that reduce material consumption without compromising performance.
Sustainability Initiatives:
- Greenware® bio-based product line
- 20% reduction in material thickness across product categories
Download FREE Sample Report: Thermal Forming Material Market – View in Detailed Research Report
6️⃣ 5. Dart Container Corporation
Headquarters: Mason, Michigan, USA
Key Offering: Disposable food containers and thermoformed foam products
Dart Container dominates the disposable foodservice sector with advanced thermoforming processes across 50+ facilities spanning three continents.
Sustainability Initiatives:
- Certified 97% landfill diversion rate
- Industry-leading foam-to-foam recycling program
5️⃣ 6. Genpak, LLC
Headquarters: Charlotte, North Carolina, USA
Key Offering: Food packaging and container systems
Genpak delivers innovative packaging solutions through advanced thermoforming technologies for restaurants, grocery retailers, and food processors.
Sustainability Initiatives:
- RE:NEW® product line featuring 25-100% recycled content
- Best-in-class production efficiency benchmarks
4️⃣ 7. D&W Fine Pack LLC
Headquarters: Louisville, Kentucky, USA
Key Offering: Engineered food container solutions
D&W Fine Pack develops high-performance polymer solutions utilizing proprietary thermoforming techniques for superior functionality in food packaging applications.
Sustainability Initiatives:
- Closed-loop thermoforming production systems
- Bio-based material development initiatives
3️⃣ 8. Sabert Corporation
Headquarters: Sayreville, New Jersey, USA
Key Offering: Premium food packaging systems
Sabert combines cutting-edge design with thermoforming expertise to create high-value packaging solutions for food service and retail channels.
Sustainability Initiatives:
- GuiltFree® eco-friendly product portfolio
- Advanced material reduction technologies minimizing waste
2️⃣ 9. Great Lakes Dental Technologies
Headquarters: Tonawanda, New York, USA
Key Offering: Medical-grade thermoformed products
Specializing in healthcare applications, Great Lakes Dental Technologies produces precision thermoformed dental and medical products meeting rigorous regulatory standards.
Sustainability Initiatives:
- Medical material recycling programs
- Waste-reducing production processes
1️⃣ 10. Sonoco Products Company
Headquarters: Hartsville, South Carolina, USA
Key Offering: Protective thermoformed packaging solutions
Sonoco provides engineered thermoforming applications for industrial, healthcare, and consumer product protection using specialized material compositions.
Sustainability Initiatives:
- EnviroFresh® recycled PET products
- Packaging optimization consulting services
Get Full Report Here: Thermal Forming Material Market – View in Detailed Research Report
🌍 Outlook: Intelligent and Sustainable Materials Transforming the Industry
The thermal forming material sector is undergoing fundamental transformation driven by environmental regulations and technological breakthroughs. While conventional polymers maintain production volume dominance, the industry is rapidly adopting sustainable alternatives and smart packaging solutions.
📈 Key Market-Shaping Trends:
- Accelerated adoption of biodegradable and PCR content materials
- Integration of smart packaging features via thermoforming
- Material lightweighting innovations reducing consumption by 20-30%
- Strategic collaborations between material producers and end-users
Get Full Report Here: Thermal Forming Material Market – View in Detailed Research Report
The companies profiled represent not just material suppliers, but innovators fundamentally transforming product packaging, protection, and preservation across global industries.
