The Global Palm Fiber Packaging Market is expected to grow at 5.1% with factors such as increasing preference for eco-friendly and biodegradable products for packaging, rise in the e-commerce delivery services across the globe, need of lower carbon footprint materials, and designing innovative use of by-products/leftovers in packing industry.
The palm fiber packaging market has shown an exceptional penetration in countries such as Malaysia, Indonesia, Thailand, China, U.S. and Germany as the companies in these companies are investing heavily in developing advanced eco-friendly packaging products to minimize the carbon footprint left by the packaging industry.
Palm Fiber Packaging Market Scenario
According to Data Bridge Market Research, the global palm fiber packaging market in Asia-Pacific has the highest market share, followed by North America and Europe. The market leader is CKF Inc., which accounts for an estimated market share of approximately 5.77% in the global market. The company has gained outstanding sales by providing palm fiber packaging services and entering partnerships that strengthen its product portfolio.
For instance,
- In October 2021, CKF Inc. announced its investment in recyclable and renewable packaging solutions. The key objective of this solution is to reduce the wastage and environmental damages caused by non-renewable packaging products. Through this investment, the company is focusing on sustainable development methods to grow its market
- In April 2021, CKF Inc. launched a plastic-free packaging solution. The key feature of this solution was it was designed in compliance with the Australian home composability standard and dint release any toxic waste. Moreover, the packing solution used 90% biodegradable raw material. This has helped the company to expand its market in Australia
Trends Impacting the Market
Now the question is which other regions CKF Inc., Dentaş, buhl-paperform GmbH, Nextgreen Global Berhad, Global Green Synergy Sdn. Bhd. are targeting? Data Bridge Market Research has forecast a large growth in the Asia-Pacifc palm fiber packaging market and the market leaders targeting Malaysia, U.S., China, and Germany to be their next pocket revenue for 2022.
Palm fiber packaging is becoming more competitive every year with companies CKF Inc., Dentaş, buhl-paperform GmbH as they are the market leaders for palm fiber packaging. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the palm fiber packaging market.
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Palm Fiber Packaging Market Development in 2021
- In July 2021, CKF Inc. launched a plastic-free packaging solution. The key feature of this solution was the trays were made from 100% biodegradable virgin fiber. This was specifically designed for meat and seafood. This helped the company to expand its market
- In January 2021, buhl-paper form GmbH was nominated for German sustainability award design in 2021 for its innovative Buc-Pac packaging. Moreover, the company received the German excellence prize in 2020 for its hazardous goods packaging made of recovered paper and pulp. These recognitions by international authorities hoisted the morals of the employees and company in continuing their innovative work and in offering quality products to its consumer
Scope of the Palm Fiber Packaging Market
All country-based analysis of the global palm fiber packaging market is further analysed based on maximum granularity into further segmentation. On the basis of source, the global palm fiber packaging market is segmented into wood, non-wood. On the basis of process, the global palm fiber packaging market is segmented into thermoforming, thick wall, transfer, others. On the basis of product, the global palm fiber packaging market is segmented into plates, trays, cups, clamshell, bowls, others. On the basis of application, the global palm fiber packaging market is segmented into food & beverages, industrial, cosmetics, logistics, electrical & electronics, pharmaceuticals, others.
To know more about the study https://www.databridgemarketresearch.com/reports/global-palm-fibre-packaging-market
Key Pointers Covered in Palm Fiber Packaging Market Industry Trends and Forecast to 2029
- Market size
- Market standards and changes
- Market trials in different regions
- Market requirements in different regions
- Market shares in different regions
- Recent developments for market competitors
- Recent market value for different regions
- Sales data for market competitors
- Market key vendors and disruptors study
Key Market Competitors Covered in the Report
- CKF Inc.
- Dentaş
- buhl-paperform GmbH
- Nextgreen Global Berhad
- Global Green Synergy Sdn. Bhd.
- ADVANCED PAPER FORMING
- Atlantic Pulp
- Heng Huat Resources Group Berhad
- PALM CO.
- PalmFil
Above are the key players covered in the report. To know about more and exhaustive list of palm fiber packaging market, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-palm-fibre-packaging-market
Research Methodology: Global Palm Fiber Packaging Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Managers, Directors, Communication Engineer, Packaging Experts, Sales Manager, Material Developers, Packaging Companies CEO
- Supply Side: Service Providers, OEMs Companies, Marketing Managers, Logistics Managers and C-Level Executives among others.
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