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molded fiber packaging market was valued at USD 3.85 billion in 2021 and is expected to reach USD 5.61 billion by 2029, registering a CAGR of 4.82%
PUNE, MAHARASHTRA, INDIA, September 7, 2022 /EINPresswire.com/ -- The comprehensive industry research on 'Global Molded Fiber packaging Market' published by Data Bridge Market research which includes growth analysis, regional marketing, challenges, opportunities, and drivers analyzed in the report. The report carefully examines the global Molded Fiber packaging Market, with a focus on most of the major players and their business strategies, geographical scope, market segments, product landscape and price, and cost structure. It also assists in market segmentation according to industry latest and upcoming trends to the bottom-most level, topographical markets and key advancement from both market and technology aligned perspectives. Each section of the Molded Fiber packaging Market business research report is specially prepared to investigate key aspects of the market. This document also entails a detailed analysis of the current applications and comparative analysis with a keen focus on the opportunities and threats and competitive analysis of major companies.
Molded Fiber packaging is now being used for an extensive range of applications. It is also used for traditional protective packaging such as end caps, egg cartons. Molded fiber packaging was limited to egg trays for numerous years; but now increases the demand in other applications because of its sustainable properties. It is completely biodegradable and renewable as it is made from cellulose and wood fiber, therefore, meeting the criterion set forth by the organisation and government agencies.
Data Bridge Market Research analyses that the molded fiber packaging market was valued at USD 3.85 billion in 2021 and is expected to reach USD 5.61 billion by 2029, registering a CAGR of 4.82% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Molded fiber packaging is made from different number of fibrous materials, like recycled cardboard, paper, or other natural fibers such as bamboo, sugarcane, wheat straw. The raw materials help to determine the surface texture, strength and color of the packaging. Molded fiber packaging is formed to shape. It does not start as a flat sheet. As a substitute, it has complex three-dimensional shapes for example, Egg cartons.
Molded Fiber Packaging Market Dynamics
High adoption in primary packaging
Molded fiber is extensively used material for the primary packaging. Molded fiber has found application in protective packaging due to its cushioning properties and superior vibration dampening. Manufacturers in the molded fiber packaging market are producing shipping dunnage, trays, and outer packaging, creating a broad scope of application.
Rise the demand of sustainability packaging solution
Increasing the importance of sustainability in the environment has also aided in making fiber packaging an attractive option for consumers. It has not made only from recycled materials, it can also be easily recycled again after its valuable life-cycle. The molded fibers in packaging are biodegradable, unlike Styrofoam and plastic packaging which are expected to drive the growth of the market.
Increase the demand in food industry
Molded fiber packaging is mostly used in the Food and beverages industry to protect the fragile products like medicine bottles from environment. This packaging has a superb barrier properties against oxygen and moisture which protects the product from the outside atmosphere. Molded fiber packaging is easy to handle and has a long shelf life, beneficial for the producers.
Sound macroeconomic policies and ambitious structural reforms paved a strong growth way for the extremely rising economies. Due to high development projections for end-use industries in emerging markets are expected to increase the demand for molded fibre packaging in upcoming years. Growing preference for biodegradable and eco-friendly products for packaging drives the demand for the molded fiber packaging market. Increasing investment in R&D mainly in the emerging countries acts as an opportunity for the market growth rate.
In May 2019, Huhtamaki announced that they launch its new fiber-based meal trays suited for both regular oven and microwave for Waitrose & Partners to change black plastic. These trays are also certified for home composting and can be recycled.
Some of the major players operating in the molded fiber packaging market are:
Brødrene Hartmann A/S (Denmark) UFP Technologies Inc, (US) Sonoco Products Company (US) Genpak LLC (US) Eco-Products Inc, (US) Pro-Pac Packaging Limited (Australia) PrimeWare (US) Fabri-Kal (US) Henry Molded Product Inc, (US) EnviroPAK (US) Pacific Pulp Molded Inc, (US) Sabert Corporation (US) Protopak Engineering Corporation (US) Cellulose de la Loire (France) Pactiv LLC (US) Spectrum Lithograph (US) Keiding, Inc. (US) DFM Packaging Solutions (South Africa) OrCon Industries (US) ESCO Technologies Inc. (US)
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Radical conclusions of the report:
Industry overview with a futuristic perspective Analysis of production costs and analysis of the industrial chain Full regional analysis Benchmarking the competitive landscape Market growth trends; current and emerging Technological developments and products Comprehensive coverage of market factors, restraints, opportunities, threats, limitations, and outlook for the Market SWOT Analysis, Porter's Five Forces Analysis, Feasibility Analysis, and ROI Analysis
The molded fiber packaging market is segmented on the basis of products, type, source and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Trays Clamshell Containers Boxes End Cap Others
Thick-Wall Transfer Molded Thermoformed Fiber Processed Pulp
Food and Beverage Electronics Personal Care Healthcare Others
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The countries covered in the molded fiber packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the molded fiber packaging market in terms of revenue and market share during the forecast period. This is due to the growing demand for molded fiber packaging in this region. The Asia-Pacific region leads the molded fiber packaging market, with China due to easy recycling and production of paper-based products.
During the projected period, North America is anticipated to be the fastest developing region due to huge demand of the online food service delivery which upsurges the demand of transfer molded products in this region.
Key Pointers Covered in the Molded Fiber packaging Market Industry Trends and Forecast to 2029
Market Size Market New Sales Volumes Market Replacement Sales Volumes Market Installed Base Market by Brands Market Procedure Volumes Market Product Price Analysis Market Cost of Care Analysis Market Shares in Different Regions Recent Developments for Market Competitors Market Upcoming Applications Market Innovators Study
View Detailed Table of Content @ https://www.databridgemarketresearch.com/toc/?dbmr=global-molded-fiber-packaging-market
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