Molded Fiber Packaging Market Size
Molded Fiber Packaging Market size was valued at around USD 7.04 billion in 2022 and is anticipated to grow at a CAGR of 4.8% between 2023 and 2032. Growing awareness of environmental issues and the desire to reduce plastic waste have led to increased demand for sustainable packaging materials like molded fiber. It is compostable, biodegradable, and often made from recycled materials.
Government rules and consumer-driven campaigns to cut single-use plastics have spurred companies to look for environmentally friendly substitutes; molded fiber packaging is one of their first choices. Growing e-commerce and online buying have created demand for environmentally friendly and protective packaging options.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Molded Fiber Packaging Market Size in 2022 | USD 7.04 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4.8% |
| 2032 Value Projection | USD 10.9 Billion |
| Historical Data for | 2018 to 2032 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 246 |
| Growth Drivers |
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| Pitfalls & Challenges |
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The first outlay for molding tools and equipment can be somewhat large. To be cost-effective, manufacturers have to strike a compromise between this and competitive pricing. Raw material availability and quality—that of recycled paper or agricultural waste—can vary, therefore influencing consistency and manufacturing costs. Making intricate molded fiber forms or designs can be difficult, which influences cost-effective manufacturing efficiency. Therefore, the hazards connected to molded fiber packaging could lower the acceptance rate, therefore impairing the business expansion.
COVID-19 Impact
Demand for protective and ecological packaging, particularly molded fiber packing, for delivering goods surged as online shopping during lockdowns and social separation policies became more sought for. Therefore, it is expected that the lower number of COVID-19 cases and the application of later policies by government and non-governmental entities will propel the company development in the next years.
Molded Fiber Packaging Market Trends
Still the major trend is sustainability, with an eye toward cutting single-use plastics. Because of its environmentally beneficial qualities—including biodegradability and compostability— molded fiber packaging is quite popular. Adoption of circular economy ideas, which support the reuse, recycling, and composting of materials, has generated more interest in molded fiber packaging since it fits these ideas.
Molded Fiber Packaging Market Analysis
The molded fiber packaging market is separated depending on material type as recycled paper pulp, virgin paper pulp, mixed pulp. By 2022, recycled paper pulp had a market value of USD 3280.6 million most of which Recycled paperboard is used in molded fiber packaging under increasing environmental consciousness and demand for environmentally friendly packaging solutions.
Product type dictates the segmentation of the molded fiber packaging market as trays, containers, clamshells, bowls, plates, egg cartons, cup carriers, others. In 2022, trays will hold a commanding market share of almost thirty%. Because of their exceptional moisture absorption, ventilation, and protective qualities, molded fiber trays—used in meat, poultry, fruit, and egg packaging—are sought for in the food sector.
Product type dictates the segmentation of the molded fiber packaging market as trays, containers, clamshells, bowls, plates, egg cartons, cup carriers, others. In 2022, trays will hold a commanding market share of almost thirty%. Because of their exceptional moisture absorption, ventilation, and protective qualities, molded fiber trays—used in meat, poultry, fruit, and egg packaging—are sought for in the food sector.
Food and Beverage, Electronics, Healthcare and Pharmaceuticals, Consumer Goods, Industrial Packaging, E-commerce and Retail, Agriculture, Others is the segmentation based on end-use of the molded fiber packaging market. In 2022 Food and Beverage had the largest market share. Driving the use of molded fiber, the food sector is progressively focused on sustainable packaging to satisfy consumer preferences and legal needs.
U.S. dominated the North American region with majority market share and a revenue of USD 1015.4 million in 2022. Many North American companies are committed to reducing plastic usage and finding alternatives like molded fiber to align with their sustainability goals.
Molded Fiber Packaging Market Share
Some of the major industry players operating in the Molded fiber packaging market are
- Huhtamaki Oyj
- UFP Technologies, Inc.
- Brødrene Hartmann A/S
- Pactiv LLC
- Henry Molded Products, Inc.
- Fabri-Kal Corporation
- Earthly 4Molded Solutions
- FiberPak, Inc.
- Genpak, LLC
- Keiding, Inc.
- Pacific Pulp Molding
- ProPak Corporation
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Molded Fiber Packaging Industry News
- In 2022 Huhtamaki Oyj invested in the sustainable packaging fund run by Emerald Technology Ventures AG, which focuses on cuttingedge sustainable packaging technologies.
- In 2022, Sonoco Products Company stated that it acquired the remaining one-third stake from private investors in the joint venture, Sonoco do Brasil Participacoes, Ltda, which produces flexible packaging in Brazil.
Molded fiber packaging market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments
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By Material Type
- Recycled Paper Pulp
- Virgin Paper Pulp
- Mixed Pulp
By Product Type
- Trays
- Containers
- Clamshells
- Bowls
- Plates
- Egg Cartons
- Cup Carriers
- Others
By Packaging Application
- Protective Packaging
- Food Service Packaging
- Electronics Packaging
- Cosmetic and Personal Care Packaging
- Agricultural Packaging
By End-use
- Food and Beverage
- Electronics
- Healthcare and Pharmaceuticals
- Consumer Goods
- Industrial Packaging
- E-commerce and Retail
- Agriculture
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
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