What Has Been the Progress and Growth of the Molded Fiber Packaging Market in Recent Years?
The molded fiber packaging market has seen considerable growth due to a variety of factors.
• The molded fiber packaging market has shown strong growth in recent years. It will grow from $8.46 billion in 2024 to $8.99 billion in 2025, at a CAGR of 6.2%.
The increase is due to rising awareness about environmental sustainability, growing consumer demand for biodegradable products, the availability of raw materials, and the increasing demand in the food and beverage sector.
What Is The Expected Growth In The Molded Fiber Packaging Market Size Evolve over the Forecast Period?
The molded fiber packaging market is expected to maintain its strong growth trajectory in upcoming years.
• The molded fiber packaging market is set to grow to $11.25 billion by 2029 at a CAGR of 5.8%.
The growth is driven by stricter environmental regulations, the recyclability and biodegradability of molded fiber packaging, e-commerce growth, and retail expansion. Trends include technological innovations, improved product quality, design improvements, and enhanced supply chain logistics.
What Main Forces Are Fueling Expansion In The Molded Fiber Packaging Market?
The growth of the e-commerce sector is expected to drive the expansion of the molded fiber packaging market. E-commerce's growth is fueled by greater internet access, consumer convenience, a wider product range, and flexible shopping options. Molded fiber packaging is essential for e-commerce as it offers protection for products during shipping, is sustainable, and is versatile. For example, the Census Bureau of the Department of Commerce reported a 7.5% rise in e-commerce sales in the fourth quarter of 2023 compared to 2022. Consequently, the expansion of e-commerce is boosting the molded fiber packaging market.
What Are The Primary Segments In The Global Molded Fiber Packaging Market?
The molded fiber packaging market covered in this report is segmented –
1) By Product: Trays, Containers, Clamshells, Bowls, Plates, Other Products
2) By Material: Recycled Paper, Virgin Paper, Mixed Pulp
3) By Source: Wood Pulp, Non-Wood Pulp
4) By Application: Protective Packaging, Food Service Packaging, Electronics Packaging, Cosmetic And Personal Care Packaging, Other Applications
Subsegments:
1) By Trays: Fresh Food Trays, Bakery And Confectionery Trays, Meat And Poultry Trays, Seafood Trays, Produce Trays, Fruit And Vegetable Packaging Trays, Protective Trays For Electronics, Transport Trays (For Shipping And Storage)
2) By Containers: Single-Use Containers, Take-Out Containers, Packaging For Ready-To-Eat Meals, Beverage Holders And Carriers, Custom Molded Fiber Containers, Food Delivery Containers, Custom Packaging Containers (For Specific Industries)
3) By Clamshells: Food Clamshells (For Fruits, Vegetables, And Fast Food), Bakery And Pastry Clamshells, Electronics Packaging Clamshells, Clamshells For Cosmetics And Health Products, Clamshells For Medicinal And Pharmaceutical Products, Eco-Friendly Clamshell Packaging
4) By Bowls: Salad Bowls, Soup And Snack Bowls, Disposable Bowls For Fast Food, Bowls For Ready-To-Eat Meals, Takeaway Food Bowls, Bowls For Catering And Events
5) By Plates: Disposable Plates For Catering And Events, Plates For Fast Food And Takeout, Compostable And Biodegradable Plates, Plates For Ready-To-Eat Meals, Eco-Friendly And Sustainable Plates, Custom Molded Plates For Special Applications
6) By Other Products: Food Packaging Inserts And Dividers, Protective Packaging For Fragile Items, Beverage Holders (For Cups And Bottles), Egg Cartons, Cosmetic And Personal Care Product Packaging, Cosmetic Trays, Electronics And Fragile Goods Packaging, Custom Molded Packaging Solutions
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How Are New Trends Impacting The Size Of The Molded Fiber Packaging Market?
Leading businesses in the molded fiber packaging market are innovating technologically superior products like sustainable molded fiber packaging, in response to the increasing requirement for eco-friendly packaging solutions. Unlike traditional materials like plastic, this sustainable packaging form is fashioned from recycled paperboard or similar fibers, resulting in recyclable and biodegradable solutions that have a lesser environmental footprint. Genpak LLC, an American company specializing in food service packaging, introduced the Harvest Fiber line in January 2024, comprising hinged food service containers, tableware, and trays. These Harvest Fiber containers are meticulously designed to suit the strict needs of food service providers, combining robustness and durability with eco-friendliness. The containers made from renewable fibers are safe for microwave use, devoid of polyfluoroalkyl substances (PFAS), and are fit for both cold and hot food storage. They can preserve meal quality irrespective of being employed for indoor eating or outside services, thereby serving as an effective solution for restaurants grappling with regulatory issues tied to PFAS materials.
Who Are the Key Players In The Molded Fiber Packaging Market?
Major companies operating in the molded fiber packaging market are:
• Sonoco Products Company
• Pactiv Evergreen Inc.
• Huhtamaki Oyj
• Nippon Molding Co. Ltd.
• Cascades Inc.
• Genpak LLC
• Brødrene Hartmann A/S
• Fabri-Kal Corporation
• UFP Technologies Inc.
• CKF Inc.
• Pro-Pac Packaging Ltd.
• Dentas Paper Industry Inc.
• Henry Molded Products Inc.
• EnviroPAK Corporation
• Guangzhou NANYA Pulp Molding Equipment Co. Ltd.
• Fibercel Packaging LLC
• Dynamic Fibre Moulding (PTY) Ltd.
• Omni-Pac Group
• Moulded Fibre Products Ltd.
• Cullen International
• Eco-Products Inc.
• Pacific Pulp Molding Inc.
• Primeware LLC
• Qingdao Xinya molded Pulp Packaging Co. Ltd
• TRIDAS
What Is The Most Dominant Region In The Molded Fiber Packaging Market?
North America was the largest region in the molded fiber packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the molded fiber packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
