Asia-Pacific Molded Fiber Packaging Market, 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), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Market Analysis and Insights: Asia-Pacific Molded Fiber Packaging Market
The molded fiber packaging market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.1% in the forecast period of 2021 to 2028 and is expected to reach USD 5,244,702.10 thousands by 2028. Increasing preference for eco-friendly and biodegradable products for packaging drives the demand for the molded fiber packaging market over the forecast period.
Molded fiber also known as the molded pulp is a type of packaging material that is typically made up of wood pulp, recycled paperboard and/or newsprint. Such products that are produced from recycled materials can be recycled again after their useful life-cycle. Molded fiber has several properties due to which material is used for protective packaging across various industries such as food service trays and beverage carriers and electronics among others.
Rise in the e-commerce, courier and food delivery services across the globe will act as a driver for the molded fiber packaging market over the forecast period. Fluctuation in the price of wood pulp is expected to restrain the molded fiber packaging demand over the forecast period. Growing investment in R&D particularly in the emerging economies acts as an opportunity for the molded fiber packaging market to grow in future. Maintaining the standard quality is challenging the molded fiber packaging market to grow in the near future.
This molded fiber packaging market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the molded fiber packaging market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Molded Fiber Packaging Market Scope and Market Size
The molded fiber packaging market is segmented on the basis of the type, source, product and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the molded fiber packaging market is segmented into thick-wall, transfer molded, thermoformed fiber and processed pulp. In 2021, the demand for the transfer molded segment is more in China and India due to increase in the production of electronics goods.
- On the basis of source, the molded fiber packaging market is segmented into wood pulp and non-wood pulp. In 2021, wood pulp segment is dominating as wood pulp products are easy to decompose and can be reused which makes wood pulp to dominate in the region.
- On the basis of product, the molded fiber packaging market is segmented into trays, clamshell containers, boxes, end cap and others. In 2021, presence of large number of recyclable trays segment manufacturers has fostered the market growth in the region.
- On the basis of end user, the molded fiber packaging market is segmented into food and beverage, electronics, personal care, healthcare and others. In 2021, large population in India and China increases the demand for the food and beverage segment in the region.
Asia-Pacific Molded Fiber Packaging Market Country Level Analysis
Asia-Pacific molded fiber packaging market is analysed and market size information is provided by the country, type, source, product and end user as referenced above.
The countries covered in the Asia-Pacific molded fiber packaging market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific.
China is dominating in the Asia-Pacific molded fiber packaging market due to the large population which creates a large customer base in the region for the molded fiber packaging market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Molded Fiber Packaging Industry
The molded fiber packaging market also provides you with detailed market analysis for every country growth in installed base of different kind of products for molded fiber packaging market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the molded fiber packaging market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Molded Fiber Packaging Market Share Analysis
The molded fiber packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Asia-Pacific molded fiber packaging market.
The major players covered in the Asia-Pacific molded fiber packaging market report are Huhtamaki, James Cropper plc., Nippon Mold Industry Corporation, Primapack SAE, Best Plus Pulp, AFP, Inc. (a subsidiary of Sealed Air) and Sonoco Products Company among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of molded fiber packaging market.
- In January 2021, Huhtamaki decided to make investment in new state-of-the-art manufacturing unit in Malaysia. The company initial focus will be on manufacturing paper cups as in the existing facility, but the new site will also allow us to expand the product range and introduce new sustainable paper-based technologies. This development helps the company to increase revenue and production.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for molded fiber packaging through expanded range of size.