Global Molded fiber packaging market Information by Type (Thick-Wall, Transfer, Thermoformed (Thin-wall), Processed), By End-Use (Food and Beverages, Electronic, Personal Care and Others) and By Region – Forecast To 2023
Molded fiber packaging market is majorly driven by the increase in demand from the manufacturers of egg packaging. The use of molded fiber packaging for eggs ensures prevention of spoilage and breakage of eggs during distribution and transportation. The increasing adoption of environment friendly packaging solutions among the end use industries such as food & beverage and electronics, is also driving the global molded fiber packaging market.
Market Synopsis of Molded fiber packaging market
Molded fiber is also known as molded pulp packaging. Molded fiber packaging is a kind of protective packaging used for packaging and handling of many products, across end-use industries such as food and beverage, electronic and personal care.
The major factors driving the growth of molded fiber packaging market, are rising urbanization and increasing consciousness for better packaging, majorly in the food and beverage industry for products such as eggs. Molded fiber packaging provides protection and prevents breakage during transit across the supply chain. The increasing environmental awareness among people is also leading to the increased use of molded fiber packaging, which can easily be decomposed by micro-organisms.
The molded fiber packaging market is expected to grow at 7% CAGR during the forecast period.
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Regional Analysis of Global Molded Fiber Packaging Market
The North America region is expected to dominate the growth of the molded fiber packaging market, owing to the increase in demand for consumer goods such as food & beverage and household products and the need for their efficient packaging. The Asia-Pacific region is also expected to grow, owing to the existence of a large number of manufacturers in the region and increase in demand of molded fiber packaging by them.
The key players of global molded fiber packaging market include Huhtamaki (Finland), UFP Technologies, Inc. (U.S.), Moulded Fibre Product Ltd. (U.K.), Henry Moulded Products Inc. (U.S.), Brødrene Hartmann A/S (Denmark), Cullen Packaging Ltd. (U.K.), EnviroPAK Corporation (U.S.), Heracles Packaging Company SA (Greece), Keiding, Inc. (U.S.), and Hurley Packaging of Texas (U.S.).
This study provides an overview of the global molded fiber packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global molded fiber packaging market by its type, end-use and region.
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