The China Fully Automatic Thermoforming Machines market will reach 268 million US$ by the end of 2025
Published Date: 2019/6/25
The thermoforming machine is a machine for deep-drawing a thermoplastic sheet-like packaging material under heating conditions to form a packaging container and then filling and sealing it. The steps of filing, packaging, sealing, cutting, trimming can be performed separately on the thermoforming packaging machine.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. There hardly to have obvious technology breakthrough except deeper system function integration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .
The China Fully Automatic Thermoforming Machines industry was 174 million USD in 2018 and is projected to reach 268 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 6.32% between 2019 and 2025.
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