Molded Fiber Packaging Market Size was valued at USD 2431.5 million in 2021. The Molded Fiber Packaging industry is projected to grow from USD 2538.48 million in 2022 to USD 3431.45 million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period 2024 – 2030. Increasing End-Use Industry Demand and Utilization Of Eco-Friendly, Long-Lasting Protective Packaging Techniques are the key market drivers enhancing the market growth for Molded Fiber Packaging.
Source: Secondary Research, Primary Research, MRFR Database and Analyst ReviewMolded Fiber Packaging Market Trends
Over the past few years, climate change has become a worldwide concern. Globally, corporations are becoming very concerned about sustainability. When it comes to environmental protection, waste generated by packaging food, beverages, and consumer goods is one of the essential components of sustainability. Consumers highly value eco-friendly packaging. Recently, consumers have become increasingly conscious of the negative effects of excessive plastic waste, especially single-use plastic garbage, on the environment. A conscious effort pushing people to reduce plastic usage has led to an increase in demand for products made of biodegradable materials manufactured from leftovers from other products.
The World Bank predicts that the amount of waste produced will increase from 2.01 billion tonnes in 2016 to 3.40 billion in 2050. Around the world, at least 33% of this garbage is mistreated by being dumped in the open or burned. The composition of trash varies according to socioeconomic status, reflecting various consumption habits. High-income nations generate less food waste and organic waste, which account for 32% of total devastation, and more dry trash that can be recycled, such as plastic, paper, cardboard, metal, and glass, which accounts for 51% of total waste. Over the projected period, more stringent environmental legislation is anticipated to fuel demand for molded pulp. Demand for molded pulp packaging that is biodegradable and created from recycled materials is anticipated to increase as environmental regulations tighten.
Fiber packaging has become more appealing to customers as environmental sustainability has gained prominence. It is not only constructed of recycled materials; after completing its useful life cycle, it is also readily recyclable. Contrary to Styrofoam and plastic packaging, which are predicted to fuel the market's growth, molded fibers used in packaging are biodegradable. Pulp packaging has emerged as a desirable option as the importance of environmental sustainability has increased. In addition to being produced from recycled materials, it is recyclable and may be used again up to seven times after its initial function has been fulfilled. In contrast to Styrofoam and plastic packaging, the molded pulp is environmentally friendly and may be recycled if necessary.
Therefore, the quick move toward healthy drinking habits has increased the market CAGR for Molded Fiber Packaging globally in recent years. In developed economies like Europe and North America, the demand for Molded Fiber Packaging market is anticipated to increase due to this eco-friendly packaging. The income from the Molded Fiber Packaging market revenue is anticipated to be greatly influenced by creative packaging. The use of environmentally friendly materials in the manufacture of packaging material greatly aids in fostering a favorable brand perception among consumers.
The Molded Fiber Packaging segmentation, based on type, includes thick-wall, transfer molded, thermoformed fiber and processed pulp. With a 57.3% market share in 2021, the transfer molded segment led the market by type. Due to the material's hygroscopic quality and air permeability, transfer molded pulp packaging is widely used in food packaging applications. This prolongs the shelf life of food and beverage goods being transported. Additionally, stress absorption offered by molded pulp packing reduces breakage and damage to items, notably to eggs, fruits, vegetables, and alcoholic and non-alcoholic drinks.
Based on product type, the Molded Fiber Packaging segmentation includes wood pulp and non-wood pulp. According to the report, the wood pulp segment accounted for 86.2% of the revenue share in 2021 due to wood pulp's wide availability and falling price. The cost of pulp is going down in much of the area. For example, in China, the price of pulp decreased from USD 770 per tonne in 2018 to USD 580 per tonne in 2021, which helped the molded wood pulp packaging market increase during the previous several years. However, the non-wood pulp category is anticipated to increase throughout the projected period quickly. Growing worries over deforestation are blamed for the rise in the Molded Fiber packaging industry.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on product type, the Molded Fiber Packaging data includes trays, clamshell containers, boxes, end caps and others. With a 41.6% revenue share in 2021, the trays category led the molded pulp packaging market worldwide. Most sectors that deal with food and food service utilize trays. This results from their high convenience, stress absorption, and stability. Molded pulp trays are frequently used for main egg packaging in retail distribution channels in the food business. For instance, Genpak LLC expanded its Harvest Fiber product range in February 2019 by releasing four new items, including the HF3TT and HF2X2T trays and the HF2X2 and HF4CC clamshells.
The Molded Fiber Packaging data, based on end-use, includes food & beverage, electronics, personal care, healthcare and others. With a 49.8% revenue share in 2021, food packaging took the lead as the most popular application category for molded pulp packaging; the material is typically used for packaging fruits, vegetables, and eggs. For imports and exports, fruits and vegetables such as apples, oranges, strawberries, and tomatoes are also packed as molded pulp products. It aids in controlling fruit respiration and maintaining ethylene density, which slows down the ripening process. Consequently, this contributes to fruits and vegetables having a longer shelf life
By Region, the study provides market insights for Molded Fiber Packaging into North America, Europe, Asia-Pacific and the Rest of the World. Asia Pacific Molded Fiber Packaging market accounted for USD 1113.6 million in 2021 and is expected to exhibit a significant CAGR growth during the study period. Due to its enormous population and rising disposable income levels, China's Molded Fiber Packaging Market has the largest food and beverage market in Asia, accounting for 53.5% of the Region's total sales. The China Chain Store & Franchise Association released research claiming that the country's food and beverage market would grow dramatically in 2019 and reach $595 billion, up 7.8% from 2018. Growing single-use plastic packaging issues are caused by the nation's expanding food and beverage industry. As a result, there is a demand for environmentally friendly packaging options such as molded pulp packets to boost the Asia Pacific Molded Fiber Packaging industry.
Further, the major countries studied in the market report for Molded Fiber Packaging are The U.S., Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America Molded Fiber Packaging market is the fastest growing region, as home to many food service businesses, including restaurants, fast food chains, and catering services, was the second-largest Molded Fiber Packaging Market in 2021. The need for product packaging solutions is anticipated to increase due to the increased incidence of eating outside the house brought on by busy lives and higher per capita disposable income. Further, the U.S. Molded Fiber Packaging market held the largest market share, and the Canada Molded Fiber Packaging market was the fastest-growing in this Region.
European Molded Fiber Packaging market held the second fastest-growing region. One million restaurants and mobile food services operate in the E.U., projected to rise throughout the projection period. The need for sustainable packaging solutions is anticipated to rise along with the number of restaurants and other food outlets. The E.U.'s member nations uphold strict regulatory standards to prevent negative environmental effects from trash disposal, particularly plastics, fostering a healthy market for molded pulp packaging. Moreover, the Germany Molded Fiber Packaging market held the largest market share, and the U.K. Molded Fiber Packaging market was the fastest-growing in this Region.
Major market companies are spending a lot of money on R&D to diversify their product lines, propelling the industry's further expansion. Market participants engage in strategic activities to increase their presence with significant industry changes, including new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Businesses in the Molded Fiber Packaging industry sector must offer inexpensive items if they want to expand and prosper in an environment where market development is booming, and competition is intense.
One of the primary business strategies manufacturers employ in the Molded Fiber Packaging industry to serve clients and expand the market sector is local manufacturing to reduce operating costs. Recently, the Molded Fiber Packaging industry has provided some of the most significant benefits for the medical field. The Molded Fiber Packaging market major players such as Huhtamäki Oyj (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies Inc. (U.S.), Henry Molded Products Inc. (U.S.), Robert Cullen Ltd (U.K.).
For quick service restaurants, coffee shops, retail stores, caterers, and vending operators, Huhtamäki Oyj (styled Huhtamaki) manufactures food packaging, disposable containers, egg cartons and fruit packaging. Its headquarters are in Espoo, Finland, and it works globally. Huhtamaki stated in May 2019 that it would replace black plastic with new fiber-based meal trays that could be used in both a standard oven and a microwave. These trays may be recycled and are approved for use in household composting.
In addition to dominating the markets for fruit packaging in South America and India, Brdrene Hartmann A/S is also the largest manufacturer of technology for the creation of molded-fiber packaging in the world. In 2021, the group revenue of the firm climbed to DKK 2,744 million. Operating profit for the quarter was 250 million DKK or a profit margin of 9.2%. The amount invested climbed to 542 million DKK.
• Huhtamäki Oyj (Finland)
• Brødrene Hartmann A/S (Denmark)
• UFP Technologies Inc. (U.S.)
• Henry Molded Products Inc. (U.S.)
• Robert Cullen Ltd (U.K.)
SEP 2022: To promote packaging circularity, the Huhtamaki Foundation opened its first recycling facility in Maharashtra, India. Beginning in early May, when the factory is fully operational, the 2,000 sq. m. site will recycle around 1,600 kg of post-consumer used flexible plastic trash daily.
JUN 2022: The opening of Keiding Inc.'s second site in Menomonee Falls was announced. In a building of 58,000 square feet, the new plant is anticipated to generate 20 employees, according to the company's most recent press release.
MAY 2022: To encourage a circular economy, Mars, SABIC, and Huhtamaki added recycled material to pet food packaging. In 2021, Mars planned to use food-grade recycled plastic in packaging pet food products in collaboration with SABIC and Huhtamaki. This significant move would hasten the company's progress toward its 2025 goals of using 25% less virgin plastic and 30% recycled material.September 2023: Amcor announced the launch of its new molded fiber packaging line, called Amcor FibreCycle. The new line is designed to produce sustainable and compostable molded fiber packaging products for a variety of industries, including food, beverage, and consumer goods.
Thick-Wall
Transfer Molded
Thermoformed Fiber
Processed Pulp
Wood Pulp
Non-Wood Pulp
Trays
Clamshell Containers
Boxes
Food & Beverage
Electronics
Personal Care
Healthcare
Others
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2021 | USD 2431.5 million |
| Market Size 2022 | USD 2538.48 million |
| Market Size 2030 | USD 3431.45 million |
| Compound Annual Growth Rate (CAGR) | 6.80% (2024-2030) |
| Base Year | 2021 |
| Market Forecast Period | 2024-2030 |
| Historical Data | 2018 & 2020 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Operating Platforms, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Huhtamäki Oyj (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies Inc. (U.S.), Henry Molded Products Inc. (U.S.), Robert Cullen Ltd (U.K.)  |
| Key Market Opportunities | Investments in research and development (R&D) |
| Key Market Dynamics | Increasing End-Use Industry Demand |
Frequently Asked Questions (FAQ) :
The Molded Fiber Packaging market size was valued at USD 2.43 billion in 2021.
The market is projected to grow at a CAGR of 6.80% from 2024-2030.
Asia Pacific had the largest share of the Molded Fiber Packaging market.
The key players in the market are Huhtamäki Oyj (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies Inc. (U.S.), Henry Molded Products Inc. (U.S.), Robert Cullen Ltd (U.K.)
The Trays category dominated the Molded Fiber Packaging market in 2021.
Food & Beverage had the largest share of the global.
Research Analyst Experienced business professional with a demonstrated history of working in the cfnb industry. skilled in market research, and market estimation. strong professional with a masters focused in marketing management.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
