The global molded fiber packaging market size was valued at USD 7.68 billion in 2022. The market is anticipated to expand from USD 8.13 billion in 2023 to USD 12.56 billion by 2030, exhibiting a CAGR of 6.41% during the forecast period.

Molded fiber packaging is characterized as a versatile and environmentally friendly solution crafted from recycled paper materials. The molded fiber packaging market has experienced significant growth in recent years, with key driving factors including stringent regulations on plastic waste, a rising demand for eco-friendly packaging solutions, and a heightened emphasis on sustainable practices. Fortune Business Insights™ provides this information in its research report, titled “Molded Fiber Packaging Market Size Report, 2024-2030”.

List of Key Players Mentioned in the Molded Fiber Packaging Report:

Sonoco Product Company (U.S.), Robert Cullen Ltd (U.K.), Hartmann (Denmark), CKF Inc. (Canada), FiberCel Packaging LLC (U.S.), Huhtamäki Oyj (Finland), Green packing Environmental Protection Technology Co., Ltd. (China), Dongguan City Luheng Papers Company Ltd. (China), Keiding, Inc.(U.S.), Pacific Pulp Molding, LLC (U.S.), Pactive Evergreen (U.S.), Prima Pack (Egypt), Dynamic Fibre Moulding (PTY) Ltd. (South Africa)

Molded Fiber Packaging Industry Segmentation:

Transfer MoldedSegment Captures the Share due to Different Applications

Based on pulp type, the market for molded fiber packaging is segmented into thick walls, transfer molded, thermoformed fiber, and processed pulp. Transfer molded pulp segment secures the largest share in this market. Transfer molded pulp’s adaptability and suitability for various applications, including vegetable trays, fruit and egg trays, wine shippers, and more, contribute to its sustained growth in the market.

TraysSegment Rules the Market Owing to Superior Functionality

On the basis of product type, the market is segmented into trays, boxes & cartons, clamshells, inserts & dividers, cups & bowls, and others. The trays segment dominates the market. This dominance is supported by their exceptional functionality and convenience, catering to diverse needs in packaging eggs, fruits, and vegetables, driving increased demand.

Food & BeverageSegment Dominates the Market Owing toEffective Product Preservation

In terms of application, the market is segmented into electrical & electronics, automotive, healthcare, industrial, food & beverage, and others. Food & beverage segment leads the segment. The porous nature of molded fiber ensures better ventilation and shock absorption, safeguarding eggs and maintaining the freshness of fruits and vegetables. This contributes significantly to the increasing demand within the food & beverage segment.

In terms of region, the market is categorized into Europe, North America, the Asia Pacific, Latin America, and the Middle East & Africa.

Molded Fiber Packaging Report Coverage:

The market research report offers a comprehensive analysis, emphasizing crucial aspects such as the competitive landscape, types of products/services, Porter’s five forces analysis, the primary end-use industries, and leading companies and their product launches. Furthermore, the report highlights key industry developments and provides insights into market trends. Alongside these factors, the report also delves into various elements that have contributed to the market’s recent growth.

Drivers and Restraints:

Growing Food & Beverage Industry to Spur Market Growth

The expansion of the food and beverages sector, especially through online platforms, is a major catalyst for the molded fiber market growth. Moreover, as essential items such as meat, fruits, vegetables, beverages, and poultry continue to be packaged extensively, the demand for these products rises, given their ability to maintain the freshness and quality of these products in an environment-friendly manner.

However, fluctuations in the availability of the material and quality can disrupts production process for the product, hampering the market growth.

Regional Molded Fiber Packaging Market Insights:

North AmericaDominates the Market Owing to Rising Food Waste Concerns

North America leads the key molded fiber packaging market share. The region’s leadership in the market is bolstered by the increasing demand for convenient packaging, driven by the increasing issue of food waste in the region.

Asia Pacific’s position as the second dominating and fastest-growing region is supported by the escalating demand in the food & beverage industry.

Competitive Landscape:

Major Players Focuses on Product Innovation to Maintain Their Dominance

The molded fiber packaging market on a global scale exhibits a high fragmentation and is highly competitive in nature. A limited number of major players of the market shape the dynamics through their innovative approaches in the packaging industry. These leading organizations consistently emphasize on global expansion and continuous innovation to maintain their market dominance.

Key Molded Fiber Packaging Industry Development:

September 2023: RyPax, an Asia-based molded fiber packaging manufacturer, collaborated with CelluComp to introduce the first all-fiber bottle solution. This innovation featured an interior coating, providing a renewable and biodegradable alternative.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]