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Pharmaceuticals represent the fastest-growing thermoform packaging segment

New report predicts the thermoform packaging market worth to reach US$44.55 billion by 2021.

This photo shows several pharmaceutical blister packs.
This photo shows several pharmaceutical blister packs.

The pharmaceutical segment is estimated to be the fastest-growing thermoform segment in 2016, experiencing a higher growth rate than the food and beverage and electronics industries, primarily due to rising disposable incomes and an aging population.

Thermoform packaging provides cleanliness and compartmentalization required by medical products that can safely hold parts in place and provide external protection.

The global thermoform packaging market is driven by factors such as cost-effectiveness, minimal packaging waste, strong growth in the food and beverage industry, and an increase in the spending by consumers for packaged products.

Increasing demand for packed products across these industries present a great opportunity for this market to grow in future, with thermoform packaging demand also attributable to a rise in manufacturing activities.

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