Global Palm Fiber Packaging Market is expected to grow with a CAGR of 5.1% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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The global palm fiber packaging market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the global palm fiber packaging market are introducing a strong range of products provider along with launching new products and adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition into the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

• In October 2021, CKF Inc. announced its investment in recyclable and renewable packaging solutions. The key objective of this solution was 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

CKF Inc. is the dominating player in the global palm fiber packaging market. Some of the other key players existing in the market are Heng Huat Resources Group Berhad, Global Green Synergy Sdn. Bhd., Nextgreen Global Berhad, PALM CO., PalmFil, ADVANCED PAPER FORMING, buhl-paperform GmbH, Dentaş, Atlantic Pulp, among others.

CKF Inc.

CKF Inc. was founded in the year 1933, headquartered is in British Columbia, Canada. The company is engaged in the manufacturing of food service, disposable tableware, and food packaging products for the consumers. The company has several product categories, including packaging, containers, tableware, and food service, of which packaging is the market-focused category.

For instance,

• 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 didn't release any toxic waste. Moreover, the packing solution used 90% biodegradable raw material. This has helped the company to expand its market in Australia.

The company has a wide presence across Canada and Australia.

Dentaş

Dentaş was founded in the year 1972 and is headquartered in Denizli Province, Turkey. The company is engaged in manufacturing molded cellulosic packaging products for the consumer. The company has several product categories, including egg packaging, fruits & vegetable packaging, industrial packaging of which egg packaging, fruits & vegetable packaging, industrial packaging is the market-focused category.

For instance,

• In November 2018, Dentaş launched egg packaging and industrial packaging product using waste materials. The main objective of this product launch was to produce quality packing products from eco-friendly waste materials. The product launch has helped the company to expand its market.

The company has a wide presence in Europe.

buhl-paperform GmbH

Buhl-paperform GmbHwas founded in the year 1996 and is headquartered in North Rhine-Westphalia, Germany. The company is engaged in the manufacturing of molded fiber products for packaging for consumers. The company offers individual product solutions, standard products, and additive products, of which individual product solutions, standard products, additive products are market-focused product categories.

For instance,

• In January 2021, buhl-paperform 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.

The company has a presence across Europe.