Thermoform Packaging Market Estimated to Reach Market Value of USD 104,999.8 Million by Growing at 5.72% CAGR by 2023
The increasing demand from food & beverage and pharmaceuticals industries globally drives the market. The large consumer base, increasing manufacturing activities, cost-effective, environment friendly and increase in spending by consumers for packaged food. PET leads the market, majorly due to replacing polystyrene resin. Europe is the largest market.
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