The molded fiber packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Molded Fiber Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
molded fiber packaging market size has grown strongly in recent years.
It will grow from $8.00 billion in 2023 to $8.46 billion in 2024 at a
compound annual growth rate (CAGR) of 5.8%. The growth in the historic
period can be attributed to increased awareness and concern about
environmental sustainability, increased consumer preference for
sustainable and biodegradable products, abundant availability of raw
materials, recyclability and biodegradability of molded fiber packaging,
and increased demand in the food and beverage industry.
The molded fiber packaging market size is expected to see strong growth in the next few years. It will grow to $10.65 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing stringent environmental regulations, recyclability and biodegradability of molded fiber packaging, the rapid growth of e-commerce, the rapid expansion of retail stores, and advocacy and support from environmental organizations. Major trends in the forecast period include technological advancements, improved product quality, innovation in design, enhanced durability, and improvements in the supply chain and logistics.
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Scope Of Molded Fiber Packaging Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Molded Fiber Packaging Market Overview
Market Drivers -
The
growing e-commerce industry is expected to propel the growth of the
molded fiber packaging market going forward. The growth can be fueled by
increased internet penetration, convenience for consumers, a wider
product selection, and flexible shopping options. Molded fiber packaging
is required for e-commerce due to its protective, sustainable, and
versatile characteristics that safeguard products during shipping while
minimizing environmental impact. For instance, in February 2024,
according to the Census Bureau of the Department of Commerce, a US-based
government department, in the fourth quarter of 2023, e-commerce sales
surged by 7.5% compared to the same period in 2022. Therefore, the
growing e-commerce industry is driving the growth of the molded fiber
packaging market.
Market Trends -
Major companies operating in
the molded fiber packaging market are developing technologically
advanced products, such as sustainable molded fiber packaging, to meet
the growing demand for eco-friendly packaging solutions. Sustainable
molded fiber packaging utilizes recycled paperboard or other fibers to
create biodegradable and recyclable packaging solutions, minimizing
environmental impact compared to traditional materials like plastic. For
instance, in January 2024, Genpak LLC, a US-based food service
packaging company, launched the Harvest Fiber line, which includes
hinged food service containers, trays, and tableware. Harvest Fiber
containers are specifically crafted to meet the rigorous demands of food
service operators, seamlessly integrating environmental sustainability
with robust packaging performance and durability. Crafted from renewable
fibers, these containers are microwave-safe, polyfluoroalkyl substances
(PFAS)-free, and adept at accommodating both hot and cold foods. They
are designed to maintain meal integrity, whether used for in-house
dining or off-premises service, providing a practical solution for
restaurants navigating regulatory challenges concerning PFAS substances.
The molded fiber packaging market covered in this report is segmented –
1) By Product: Trays, Containers, Clamshells, Bowls, Plates, Other Products
2) By Material: Recycled Paper, Virgin Paper, Mixed Pulp
3) By Source: Wood Pulp, Non-Wood Pulp
4)
By Application: Protective Packaging, Food Service Packaging,
Electronics Packaging, Cosmetic And Personal Care Packaging, Other
Applications
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Regional Insights -
North
America was the largest region in the molded fiber packaging market in
2023. Asia-Pacific is expected to be the fastest-growing region in the
forecast period. The regions covered in the molded fiber packaging
market report are Asia-Pacific, Western Europe, Eastern Europe, North
America, South America, Middle East, Africa.
Key Companies -
Major
companies operating in the molded fiber packaging market are Sonoco
Products Company, Pactiv Evergreen Inc., Huhtamaki Oyj, Nippon Molding
Co. Ltd., Cascades Inc., Genpak LLC, Brødrene Hartmann A/S, Fabri-Kal
Corporation, UFP Technologies Inc., CKF Inc., Pro-Pac Packaging Ltd.,
Dentas Paper Industry Inc., Henry Molded Products Inc., EnviroPAK
Corporation, Guangzhou NANYA Pulp Molding Equipment Co. Ltd., Fibercel
Packaging LLC, Dynamic Fibre Moulding (PTY) Ltd., Omni-Pac Group,
Moulded Fibre Products Ltd., Cullen International, Eco-Products Inc.,
Pacific Pulp Molding Inc., Primeware LLC, Qingdao Xinya molded Pulp
Packaging Co. Ltd, TRIDAS
Table of Contents
1. Executive Summary
2. Molded Fiber Packaging Market Report Structure
3. Molded Fiber Packaging Market Trends And Strategies
4. Molded Fiber Packaging Market – Macro Economic Scenario
5. Molded Fiber Packaging Market Size And Growth
…..
27. Molded Fiber Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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