Increased Demand from the Retail Stores Have accelerated The Global Molded Fiber Packaging Market

 

The retail sector is a part of the economy where several types of businesses sell goods to the customers. In the retail sector, molded fiber packaging products are mostly used for carrying the items. The demand for the molded fiber packaging products increases in the retail sector as trays and boxes are available in different sizes that can easily be used to carry goods and provide protection. As a result of high usage, there will be increase the demand for the different kinds and size of molded fiber packaging products which help to boost the global molded fiber packaging market.

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Data Bridge Market Research analyses that the molded fiber packaging market is expected to grow at a CAGR of 5.6% in the forecast period of 2021 to 2028 and is expected to reach USD 1, 23,58,277.76 thousand by 2028. Across the developing nation, the investment in the retail sector is increasing, which will lead to more opening of shopping malls and super markets, increasing the demand for the different kinds and sizes of molded fiber packaging products that help boost the global molded fiber packaging market.

Molded Fiber Packaging Market

High Demand for Biodegradable and Eco-Friendly Packaging Product Is Expected To Drive the Market's Growth Rate

Packaging plays an important role as molded fiber packaging in food packaging, which protects foods against environmental, chemical, and physical factors that could contaminate all food if not packaged correctly. The demand for eco-friendly and biodegradable products for packaging is increasing because eco-friendly and biodegradable products have low cost production and can be reused and recycled, which lower waste production in the region. With the increasing concern for the non-biodegradable packaging material, the demand for the biodegradable packaging is increasing in the several regions. In conclusion, molded fiber packaging products are low cost and easy to decompose which also helps in maintaining the ecological balance as it decomposes faster and releases less toxic gases. So the manufacturers prefer molded fiber packaging products for the packaging of the food and beverage products. Hence, the increase in the preference for eco-friendly and biodegradable products for packaging would drive the global molded fiber packaging market.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2021 to 2028

Base Year

2020

Historic Years

2019 (Customizable to 2013 - 2018)

Quantitative Units

Revenue in USD Thousands, Volumes in Units, Pricing in USD

Segments Covered

By Type (Thick-Wall, Transfer Molded, Thermoformed Fiber and Processed Pulp), Source (Wood Pulp and Non-Wood Pulp), Product (Trays, Clamshell Containers, Boxes, End Cap and Others), End User (Food and Beverage, Electronics, Personal Care, Healthcare and Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Huhtamaki (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies, Inc. (U.S.), Henry Molded Products Inc. (U.S.), EnviroPAK (U.S.), Robert Cullen Ltd. (U.K.), Heracles Packaging Co. S.A. (Greece), James Cropper plc. (U.K.), buhl-paperform GmbH (Germany), Pactiv LLC (U.S.), Footprint (U.K.), Dentas Romania S.R.L. (Romania), FiberCel (U.S.), Nippon Mold Industry Corporation (Japan), Okulovskaya Paper Factory (Russia), Keiding, Inc. (U.S.), Atlantic Pulp (U.S.), Western Pulp Products Company (U.S.),, Primapack SAE. (Egypt), Best Plus Pulp (China), AFP, Inc., (U.S.) and Sonoco Products Company (U.S.) 

Data Points Covered in Report

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 also includes includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Segment Analysis:

Global molded fiber packaging market is segmented into four notable segments which are based on type, source, product and end user.

  • On the basis of type, global molded fiber packaging market is segmented into thick-wall, transfer molded, thermoformed fiber and processed pulp. In 2021, the transfer molded segment is dominating the market globally growing at the highest CAGR of 6.0%

The transfer molded segment is dominating the market, growing at the highest CAGR of 6.0%

In 2021, the transfer molded segment is dominating the market globally growing at the highest CAGR of 6.0% in the forecast period of 2021 to 2028 as transfer molded can be shaped easily according to the products of different industries coupled with its ability to prevent the goods from damage during transit which increases its demand globally. Moreover, the demand for the transfer molded is more the increase in the production of electronics goods, egg cartons and trays and hospital disposables products also boosts the market growth.

  • On the basis of source, global molded fiber packaging market is segmented into wood pulp and non-wood pulp. In 2021, the wood pulp is dominating globally growing at the highest CAGR of 5.8 % in the forecast period of 2021 to 2028 as wood pulp is used for the manufacturing of various paper products that too the cost effective packaging product with low carbon foot prints. Moreover, the wood pulp products are easy to decompose and can be reused and the high quality of wood pulp increases the strength of packaging product which boosts the segment’s growth.
  • On the basis of product, global molded fiber packaging market is segmented into trays, clamshell containers, boxes, end cap and others. In 2021, the trays segment is dominating the market globally growing at the highest CAGR of 6.0%

The trays segment is dominating the market, growing at the highest CAGR of 6.0%

In 2021, the trays segment is dominating the market globally growing at the highest CAGR of 6.0%  in the forecast period of 2021 to 2028 as trays products are used for the packaging and transporting of large quantity of eggs, fruits and vegetable and high end electronic products from one place to another which makes trays segment to dominate. Moreover, presence of large number of recyclable trays manufacturers and the increasing imports and exports of the electronic accessories and healthcare products also fosters the segment’s growth.

  • On the basis of end user, global molded fiber packaging market is segmented into food and beverage, electronics, personal care, healthcare and others. In 2021, the food and beverage segment is dominating the market globally growing at the highest CAGR of 6.5% in the forecast period of 2021 to 2028 on account of increasing online food delivery and growing population which increases the demand for the packaging product in food and beverage industry globally. Moreover, people have more purchasing power and also prefer to buy high protein products coupled with increasing demand of wine and bear products causes food and beverage segment to dominate across the globe.

Major Players

Data Bridge Market Research recognizes the following companies as the major molded fiber packaging market players in molded fiber packaging market are Huhtamaki (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies, Inc. (U.S.), Henry Molded Products Inc. (U.S.), EnviroPAK (U.S.), Robert Cullen Ltd. (U.K.), Heracles Packaging Co. S.A. (Greece), James Cropper plc. (U.K.), buhl-paperform GmbH (Germany), Pactiv LLC (U.S.), Footprint (U.K.), Dentas Romania S.R.L. (Romania), FiberCel (U.S.), Nippon Mold Industry Corporation (Japan), Okulovskaya Paper Factory (Russia), Keiding, Inc. (U.S.), Atlantic Pulp (U.S.), Western Pulp Products Company (U.S.),, Primapack SAE. (Egypt), Best Plus Pulp (China), AFP, Inc., (U.S.) and Sonoco Products Company (U.S.).

Molded Fiber Packaging Market

 Market Development

  • In January 2022, Huhtamaki acquired full ownership of Huhtamaki Smith Anderson spzoo, its Polish joint venture firm, from Smith Anderson Group Ltd. Huhtamaki's factory in Czeladz, Poland, manufactures and sells foodservice paper bags in Eastern Europe.
  • In October 2021, Contech Medical Inc., a global pioneer in the design, manufacture, and development of class III medical device packaging, primarily for catheters and guidewires, has been acquired by UFP Technologies Inc. With Contech Medical Inc., the company was able to expand its medical business as a result of this.
  • In 2021 January, Keiding, Inc. decided to increase the business's capitalization, which will help increase production. This development helps the company to increase the revenue.

Regional Analysis

Geographically, the countries covered in the molded fiber packaging market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in molded fiber packaging market during the forecast period

Asia-Pacific dominated the molded fiber packaging market owing to the increasing production and consumption of molded fiber packaging. Asia-Pacific will continue to dominate the molded fiber packaging market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing demand of egg tray products in this region. China is leading the growth of the Asia-Pacific market due to easy production and recycling of paper based products. 

North America is estimated to be the fastest-growing region in molded fiber packaging market

North America is expected to grow during the forecast period due to the high demand for online food service delivery, which increases the demand for transfer molded products in this region. In addition to this, increasing demand for high-quality packaging for electronics and beverage products, which increases the demand for transfer molded type, is expected to propel the market's growth rate in this region.

COVID-19 Impact on the Market

COVID-19 had a moderate impact on the molded fiber packaging market. Most countries were forced to impose limitations on all forms of industry and supply chains as a result of the COVID-19 virus epidemic. Only vital goods, including food and beverages and pharmaceutical supplies, were permitted to be manufactured and distributed. Manufacturing operations were either shut down or asked to follow tight quarantine procedures as governments throughout the world began enforcing lockdowns to reduce the impact of the epidemic.

However, the food and beverage and healthcare industries, on the other hand, saw an increase in demand for moulded fibre pulp packaging. This led to a decrease in the manufacture of molded pulp packaging and a decrease in the demand for food goods. As a result of these reasons, demand for moulded fibre pulp packaging was unaffected, resulting in the overall moulded fibre pulp packaging market growing.

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