Molded Fiber packaging is now widely adopted for a huge range of applications. The demand for molded fiber packaging products increases in retail since trays and boxes are increasingly available in various sizes that can easily be used to carry goods and provide protection. COVID-19 let the demand for consumer goods increase in several regions and hence faced major development.
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Data Bridge Market Research analyses that the Global Molded Fiber Packaging Market was valued at USD 3.85 billion in 2021 and is expected to reach USD 5.61 billion by 2029, registering a CAGR of 4.82% during the forecast period of 2022 to 2029. The increasing demand for the molded fiber packaging will provide potential opportunities for the market growth in the forecast period.
Increasing demand for E-commerce and courier service is anticipated to drive the market's growth rate
E-commerce has a major impact on the molded fiber packaging industry. E-commerce and courier service have also grown with the rise in the use of online shopping apps and retail stores which causes an increase in the numerous types of molded fiber packaging products in different industries. Numerous personal care products, groceries, and electronics stores have drifted to the digital platform, because of which the demand for molded fibers packaging products has increased in the global market.
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 Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Trays, Clamshell Containers, Boxes, End Cap, Others), Type (Thick-Wall, Transfer Molded, Thermoformed Fiber, Processed Pulp), Source (Wood Pulp, Non-Wood Pulp), End-User (Food and Beverage, Electronics, Personal Care, Healthcare, Others)
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Countries Covered
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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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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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.)
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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:
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, the molded fiber packaging market is segmented into thick-wall, transfer molded, thermoformed fiber and processed pulp.
The transfer molded segment of type is anticipated to dominate the molded fiber packaging market
The transfer molded segment is expected to dominate global molded fiber packaging market with 52.29 % market share as transfer molded can be shaped easily as per the products of varied industries which increases its demand worldwide.
- On the basis of source, the molded fiber packaging market is segmented into wood pulp and non-wood pulp.
The wood pulp segment of crop type is anticipated to dominate the molded fiber packaging market
The wood pulp segment is expected to dominate global molded fiber packaging market with 81.71% market share as wood pulp is used for the manufacturing of several paper products
- On the basis of product, the molded fiber packaging market is segmented into trays, clamshell containers, boxes, end cap and others. The tray segment is expected to dominate global molded fiber packaging market with a 50.30% market share as trays products are widely used for packaging and transporting huge number of eggs, fruits and vegetables and high end electronic products from one place to another.
- On the basis of end user, the molded fiber packaging market is segmented into food and beverage, electronics, personal care, healthcare and others. The food and beverage segment is expected to dominate global molded fiber packaging market with 39.38% market share on account of increasing online food delivery which increases the demand for the packaging product in food and beverage industry worldwide.
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.) .
Market Development
- In 2022, Huhtamaki acquired Huhtamaki Smith Anderson spzoo, its Polish joint venture firm, from Smith Anderson Group Ltd. Huhtamaki's factory in Czeladz, Poland, manufactures and sells food service paper bags in Eastern Europe.
- In 2021, Contech Medical Inc., a global pioneer in the design, manufacture, and development of class III medical device packaging, mainly for catheters and guidewires, was acquired by UFP Technologies Inc. With Contech Medical Inc., the company was able to extend its medical business as a result of this.
- In 2021, Keiding, Inc. decided to increase the business's capitalization, which will help expand production. This development aids the company in increasing revenue.
Regional Analysis
Geographically, the countries covered in the molded fiber packaging market report are 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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
North America is the dominant region in molded fiber packaging market during the forecast period 2022 to 2029
North America dominates the molded fiber packaging market because of the increasing demand for online food service delivery, which surges the demand for transfer molded products in this region. Additionally, growing demand for high-end packaging for electronics and beverage products, which increases the demand for transfer molded type, is anticipated to boost the market's growth rate in this region.
Asia-Pacific is estimated to be the fastest-growing region in molded fiber packaging market the forecast period 2022 to 2029
Asia-Pacific is expected to grow during the forecast period of 2022 to 2029 due to the growing production and consumption of molded fiber packaging. Also, the increasing demand for egg tray products in this region and easy production and recycling ofpaper-based products is growing the demand of the market growth.
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