| Product Code: ETC5233190 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to receive significant imports of thermoformed plastics, with top exporting countries including Puerto Rico, Trinidad and Tobago, USA, China, and the Dominican Republic. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for competition. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 was strong at 9.52%. This data highlights the continued demand for thermoformed plastics in Grenada and the importance of monitoring market concentration for potential implications on competition and pricing.
By 2027, Grenada's Thermoformed Plastics market is forecasted to achieve a stable growth rate of 0.46%, with United States of America leading the North America region, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Thermoformed Plastics Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Thermoformed Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Thermoformed Plastics Market - Industry Life Cycle |
3.4 Grenada Thermoformed Plastics Market - Porter's Five Forces |
3.5 Grenada Thermoformed Plastics Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Thermoformed Plastics Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.7 Grenada Thermoformed Plastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Thermoformed Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for sustainable packaging solutions |
4.2.2 Increasing adoption of thermoformed plastics in various end-use industries |
4.2.3 Technological advancements in thermoforming processes |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Stringent regulations related to plastic usage and disposal |
5 Grenada Thermoformed Plastics Market Trends |
6 Grenada Thermoformed Plastics Market Segmentations |
6.1 Grenada Thermoformed Plastics Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Thermoformed Plastics Market Revenues & Volume, By Polymethyl Methacrylate (PMMA), 2021-2031F |
6.1.3 Grenada Thermoformed Plastics Market Revenues & Volume, By Bio-degradable polymers, 2021-2031F |
6.1.4 Grenada Thermoformed Plastics Market Revenues & Volume, By Polyethylene (PE), 2021-2031F |
6.1.5 Grenada Thermoformed Plastics Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (ABS), 2021-2031F |
6.1.6 Grenada Thermoformed Plastics Market Revenues & Volume, By Poly Vinyl Chloride (PVC), 2021-2031F |
6.1.7 Grenada Thermoformed Plastics Market Revenues & Volume, By High Impact Polystyrene (HIPS), 2021-2031F |
6.1.9 Grenada Thermoformed Plastics Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.1.10 Grenada Thermoformed Plastics Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.2 Grenada Thermoformed Plastics Market, By Process |
6.2.1 Overview and Analysis |
6.2.2 Grenada Thermoformed Plastics Market Revenues & Volume, By Plug assist forming, 2021-2031F |
6.2.3 Grenada Thermoformed Plastics Market Revenues & Volume, By Thick gauge thermoforming, 2021-2031F |
6.2.4 Grenada Thermoformed Plastics Market Revenues & Volume, By Thin gauge thermoforming, 2021-2031F |
6.2.5 Grenada Thermoformed Plastics Market Revenues & Volume, By Vacuum snapback, 2021-2031F |
6.3 Grenada Thermoformed Plastics Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Thermoformed Plastics Market Revenues & Volume, By Healthcare & medical, 2021-2031F |
6.3.3 Grenada Thermoformed Plastics Market Revenues & Volume, By Food packaging, 2021-2031F |
6.3.4 Grenada Thermoformed Plastics Market Revenues & Volume, By Electrical & electronics, 2021-2031F |
6.3.5 Grenada Thermoformed Plastics Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.6 Grenada Thermoformed Plastics Market Revenues & Volume, By Construction, 2021-2031F |
6.3.7 Grenada Thermoformed Plastics Market Revenues & Volume, By Consumer goods & appliances, 2021-2031F |
7 Grenada Thermoformed Plastics Market Import-Export Trade Statistics |
7.1 Grenada Thermoformed Plastics Market Export to Major Countries |
7.2 Grenada Thermoformed Plastics Market Imports from Major Countries |
8 Grenada Thermoformed Plastics Market Key Performance Indicators |
8.1 Adoption rate of sustainable thermoformed plastic solutions by companies in Grenada |
8.2 Investment in research and development for new thermoforming technologies |
8.3 Recycling rate of thermoformed plastics in Grenada |
9 Grenada Thermoformed Plastics Market - Opportunity Assessment |
9.1 Grenada Thermoformed Plastics Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Thermoformed Plastics Market Opportunity Assessment, By Process, 2021 & 2031F |
9.3 Grenada Thermoformed Plastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Thermoformed Plastics Market - Competitive Landscape |
10.1 Grenada Thermoformed Plastics Market Revenue Share, By Companies, 2024 |
10.2 Grenada Thermoformed Plastics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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