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Amcor: Undervalued Packaging Chief Providing Compelling Yield And Defensive Strategy

In a product-driven world, packaging is more than just a container—it's a strategic tool for protection, branding, and sustainability. Among the most versatile and cost-effective solutions leading this transformation is thermoform packaging. Widely adopted across food, pharmaceuticals, electronics, and consumer goods, thermoforming continues to reshape the way products are packaged, preserved, and presented.

This form of packaging is created by heating plastic sheets until they become pliable, then forming them into specific shapes using molds. It’s a process that offers design flexibility, material efficiency, and low tooling costs, making it ideal for businesses looking to scale up with agility and precision.

How Thermoform Packaging Works—and Why It Matters

The thermoforming process involves three key steps: heating, forming, and trimming. A flat plastic sheet is first heated to a pliable temperature, then shaped over a mold using vacuum, pressure, or mechanical force, and finally trimmed to create the desired packaging profile.

This method allows for both rigid and semi-rigid packaging, suitable for an array of applications. There are two main types:

Vacuum Thermoforming – Uses suction to draw the heated sheet onto the mold. Best for shallow or simple shapes.

Pressure Thermoforming – Applies both vacuum and pressure, allowing for finer detail and deeper cavities—often used in medical trays and consumer electronics.

Why does this matter? Because businesses today need packaging that’s not only functional and attractive, but also adaptable to ever-changing supply chain and consumer demands. Thermoform packaging meets these expectations with speed and cost efficiency.

Market Growth and Key Drivers

The global Thermoform Packaging Market is projected to grow USD 65.6 billion by 2028, at a CAGR of 4.7%. This upward trajectory is powered by several critical drivers:

Boom in Packaged Food Demand – Single-serve, ready-to-eat meals and frozen foods have surged post-pandemic, with thermoformed trays and clamshells meeting hygiene and freshness demands.

Medical and Pharma Sector Expansion – Custom thermoformed trays ensure sterile barriers and are compliant with stringent regulatory requirements.

Sustainable Material Adoption – Recyclable PET, PLA, and bio-based plastics are increasingly being used, aligning with circular economy goals.

E-commerce Packaging Shift – Lightweight, shock-resistant designs are ideal for shipping sensitive electronics, cosmetics, and personal care items.

Cost Efficiency for High-Volume Runs – Lower tooling costs and fast production cycles make thermoforming ideal for industries needing quick turnaround.

Leading Players in the Thermoform Packaging Space

Top global manufacturers are constantly innovating to improve material sustainability, packaging performance, and production efficiency. Some of the key players include:

Amcor plc (Switzerland) – Offers sustainable thermoformed solutions using mono-material PET and high-barrier packaging for healthcare and food.

Sonoco Products Company (USA) – Known for customized medical trays and consumer product packaging with robust design and global distribution.

Berry Global Inc. (USA) – Focuses on lightweight, recyclable solutions and has a strong footprint in dairy, produce, and personal care packaging.

DS Smith (UK) – Invests in recyclable fiber-based thermoform alternatives and partners with brands for circular packaging models.

Huhtamaki Oyj (Finland) – Pioneers in renewable and compostable thermoformed trays, especially in food service and retail-ready packaging.

These players are prioritizing sustainability and innovation—combining material science with automation and smart packaging technologies.

The Strategic Edge of Thermoforming

Thermoform packaging isn’t just about containment—it offers tangible advantages that align with broader business goals:

Design Freedom – Enables intricate, product-specific forms that enhance shelf appeal and usability.

Reduced Waste – Material usage is optimized, and many thermoform materials are recyclable or compostable.

Cost Advantage – Lower mold and tooling expenses make it more affordable than injection molding or blow molding for many applications.

High-Speed Production – Ideal for scaling up operations quickly while maintaining precision and consistency.

Sustainability Impact – Brands can meet plastic reduction targets by choosing bio-based or mono-material options.

These benefits make thermoform packaging a strategic fit for CPG companies, medical device manufacturers, and food processors aiming for both performance and environmental responsibility.

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Thermoform packaging is a proven solution with staying power. Its adaptability, cost-effectiveness, and sustainability potential position it at the forefront of next-generation packaging strategies. As consumer expectations evolve and global regulations tighten, companies that invest in smart, sustainable thermoform solutions will be better equipped to lead in their markets.

Amcor, a global manufacturer of packaging solutions and also present in India, just announced that it has completed construction of its advanced coating facility for healthcare packaging in Selangor, Malaysia. The first plant in Asia to leverage cutting-edge air-knife coating technology, strengthens Amcor’s supply of high-quality, sterile packaging for healthcare customers across the region.

The new plant expands Amcor’s existing healthcare packaging plant in Selangor, creating an integrated campus that making it the first in Asia to produce both top and bottom substrates for medical device packaging. This development delivers critical benefits to customers, including enhanced supply chain resilience and reduced lead times.

Equipped with advanced technologies such as water-based coating systems, online inspection systems and air knife technology, the facility sets new standards for precision and efficiency. The air knife technology, in particular, uses high-speed air streams to ensure uniform coating application, enhancing product consistency and reducing material waste.

“Amcor’s investment in this new facility reflects our unwavering commitment to support our customers across the Asia Pacific region,” said Chris Kenneally, president of Amcor Flexibles Asia Pacific. “By introducing advanced coating technology and boosting local production capacity, we are better positioned to meet the growing regional demand for sterile, reliable packaging and to offer our customers greater flexibility and security.”

“Producing our industry-leading global product platform locally brings us closer to our customers, enhancing supply security and flexibility,” said Virginie Maes, vice president of global healthcare, Amcor. “By investing in advanced coating technologies and expanding our regional capabilities, we are not only addressing the growing demand for high-performance healthcare packaging but also reinforcing our promise to deliver a consistent and innovative value proposition to our customers worldwide.”

Investments in China, Singapore and India

This new facility is part of the company’s broader commitment to expanding its healthcare capabilities in the Asia Pacific region. Recent initiatives include the acquisition of healthcare packaging company MDK in China, the establishment of a grid lacquer paper unit in India, and the construction of a co-extrusion blown film and printing plant in Singapore.