China's molded fiber packaging market is thriving due to a combination of positive factors. It is being driven by the rising awareness of environmental issues and a growing preference for sustainable and eco-friendly solutions. Government initiatives and regulations, along with the booming e-commerce industry, have fueled demand for molded fiber packaging. The market's success is further supported by cost-effectiveness, design flexibility, and excellent product protection capabilities. Industry collaboration and innovation have also contributed to the market's growth, making China a leader in revolutionizing packaging with sustainable and green solutions.
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Data Bridge Market Research analyses that the China Molded Fiber Packaging Market is expected to grow at a CAGR of 7.5% in the forecast period of 2022 to 2029 and is expected to reach USD 2,097,839.77 thousand by 2029 from USD 11,76,263.44 in 2021. The advancements in technology and manufacturing processes have made molded fiber packaging more cost-competitive with other traditional packaging materials, attracting businesses looking for sustainable yet economical solutions.
Key Findings of the Study
Growing awareness of environmental issues is expected to drive the market's growth rate
As environmental awareness grows among consumers and businesses, there is a noticeable shift toward adopting sustainable packaging solutions. Molded fiber packaging products have gained popularity due to their eco-friendly and biodegradable nature. As consumers prioritize environmentally responsible choices, the demand for molded fiber packaging has surged, driven by its ability to address environmental concerns while providing effective and versatile packaging options for a wide range of products.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Market Players Covered
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Huhtamaki (Finland), Nippon Mold Industry Corporation (Japan), James Cropper plc. (U.K.), Best Plus Pulp (China), AFP, Inc. (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The China Molded Fiber Packaging market is segmented on the basis of type, source, product, and end user.
- On the basis of type, the market is segmented into thick-wall, transfer molded, thermoformed fiber, and processed pulp. In 2022, the transfer molded segment is expected to dominate in China and India due to an increase in the production of electronics goods in forecast period of 2022 to 2029
- On the basis of source, the market is segmented into wood pulp and non-wood pulp. In 2022, the wood pulp segment is expected to dominate as wood pulp products are easy to decompose and can be reused which makes wood pulp dominate in the region in the forecast period of 2022 to 2029
In 2022, the wood pulp segment is expected to dominate the source segment of the market
In 2022, the wood pulp segment is expected to dominate owing to its abundant availability, renewable nature, and ability to create strong and versatile packaging solutions, meeting the demands of sustainable and eco-friendly packaging practices in the forecast period of 2022 to 2029
- On the basis of product, the market is segmented into trays, clamshell containers, boxes, end cap and others. In 2022, the trays segment is expected to dominate due to the presence of large number of recyclable trays manufacturers that has fostered market growth in forecast period of 2022 to 2029
- On the basis of end user, the market is segmented into food and beverage, electronics, personal care, healthcare, and others. In 2022, the food and beverage segment is expected to dominate as the large population in India and China increases the demand for food and beverage products in the forecast period of 2022 to 2029
In 2022, the food and beverage segment is expected to dominate the end user segment of the China molded fiber packaging market
In 2022, the food and beverage segment is expected to dominate owing to its ability to offer eco-friendly, cost-effective, and efficient solutions that preserve food quality and ensure safe transportation in the forecast period of 2022 to 2029
Major Players
Data Bridge Market Research recognizes the following companies as the major China molded fiber packaging market players in China Molded Fiber Packaging market are Huhtamaki (Finland), Nippon Mold Industry Corporation (Japan), James Cropper plc. (U.K.), Best Plus Pulp (China), AFP, Inc. (U.S.)
Market Developments
- In 2022, Huhtamaki began construction on its enlarged molded fiber production capacity in North America as part of its broader commitment to creating Fiber Solutions.
- In 2022, Huhtamaki increased smooth molded fiber packaging production in Europe to offer alternatives to plastic packaging. In order to satisfy the rising demand for plastic-free substitutes for food packaging, the company's plant in Alf, Germany, shifted its emphasis from plastics to smooth molded fiber (SMF) goods.
- In 2021 January, 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.
- In 2019, Huhtamaki Oyj. inaugurated a new fiber packaging line for manufacturing food service packaging and egg packaging. Also, the company is investing in research and development to enhance and launch new product lines for business expansion.
For more detailed information about the China molded fiber packaging market report, click here – https://www.databridgemarketresearch.com/ko/reports/china-molded-fiber-packaging-market
