Thermoforming Plastic Global Market Projected to Reach $70.85 Billion by 2028: Driven by Consumer Durables and Technological Innovations [Yahoo! Finance]
Amcor plc Ordinary Shares (AMCR)
Last amcor plc ordinary shares earnings: 2/11 04:15 pm
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Source: Yahoo! Finance
The global thermoforming plastic market has shown significant growth, expanding from a valuation of $48.76 billion in 2023 to a forecasted $52.13 billion in 2024 at a CAGR of 6.9%. This growth trajectory is expected to continue, with the market size reaching $70.85 billion by 2028, representing a CAGR of 8.0%. Factors contributing to this robust growth include rising consumer product demand, particularly in durable goods, and advancements in sectors such as medical, retail, and food packaging. Key Drivers and Regional Insights The market is experiencing dynamic growth due to the increasing need for consumer durables and a significant shift in the retail landscape towards e-commerce. The incorporation of innovative technologies, such as 3D printing for the development of thermoforming molds and templates, is also propelling the market forward. The Asia-Pacific region is identified as the fastest-growing region, with extensive market progress expected in the forecast period. Expa
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AMCR
Earnings
- 2/6/24 - Miss
AMCR
Sec Filings
- 4/25/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 3
- AMCR's page on the SEC website