Molded Fiber Pulp Packaging Global Market 2019-2025 To Gain USD 4,914.9 Million at CAGR of 4.9% By 2025
Molded Fiber Packaging Industry 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-Use (Food & Beverage, Electronics, Personal Care, Healthcare and others) and Region- Forecast to 2025
Pune , India – September 30, 2019 /MarketersMedia/ —
Molded Fiber Packaging Highlights
Market Research Future (MRFR) in their report envelops segmentations and drivers for a better glimpse of the market in the coming years. Molded fiber comprises of biodegradable raw materials, such as recycled paper, newspaper, cardboard, and other natural fibers including sugarcane, bamboo, and wheat straw. Such packaging products can be recycled and thus, have environmental benefits. They are primarily used for the packaging of products in various industries, such as food & beverage, healthcare, electronics. Food containers, serving trays, and egg trays are some of the most widely used products in the market.
MRFR Confirms, The Global Molded Fiber Packaging Market is expected to gain an unprecedented value of USD 4,914.9 Million by 2025, with a CAGR of 4.90% during the forecast period (2019–2025).
Prominent players profiled in the molded fiber packaging market are Pacific Pulp Molding, Inc. (US), EnviroPAK (US), Heracles Packaging Co. S.A. (Greece), Keiding, Inc. (US), and Primapack SAE (Egypt), Huhtamäki Oyj (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies, Inc., (US), Henry Molded Products Inc. (US), and Robert Cullen Ltd (UK). Product development and expansion are some of the key strategies that these companies have adopted to stay ahead of the rest.
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For instance, in May 2019, Huhtamaki announced the launch of its new fiber-based meal trays that are suited for both microwave and regular ovens for Waitrose & Partners to replace black plastic. These trays can be recycled and are also certified for home composting.
Similarly, in May 2019, Huhtamaki announced its plans to open a paper straw manufacturing facility in Northern Ireland. It manufactures paper straws using new, purpose-built machinery for delivering a premium product to improve the environmental friendliness of its products and introduce new, more sustainable packaging innovations.
Key Competitors:
The key players of global molded fiber packaging market are Huhtamäki Oyj (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies, Inc., (US), Henry Molded Products Inc. (US), and Robert Cullen Ltd (UK).
In May 2019, Huhtamäki Oyj (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies, Inc., (US), Henry Molded Products Inc. (US), and Robert Cullen Ltd (UK).
In May 2019, Huhtamaki announced the launch of its new fiber-based meal trays that are suited for both microwave and regular ovens for Waitrose & Partners to replace black plastic. These trays can be recycled and are also certified for home composting
Segmental Analysis
The global molded fiber packaging market is segmented based on type, source, product, and end-use industry. Based on type, the transfer molded segment is expected to dominate the global market due to boost in electronic application and extensive use of products such as cell phones and DVD players.
Based on source, the wood pulp is expected to dominate the global market, owing to recyclability properties of the fiber and deforestation.
Based on product, the trays segment is expected to dominate the global market, owing to the ease of shipping and storing processes.
On the basis of end-use industry, the food & beverage segment is likely to hold the maximum market share due to high use of packaging products such as clam-shell food containers, cup carriers, bowls, plates, food & serving trays, egg trays and cartons, fruit, vegetable trays, and locator trays for bottled products, wine, and jellies.
Regional Analysis
Geographic analysis of the global molded fiber packaging market spans across North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America.
In 2018, Asia-Pacific was the leading market with a market valuation of USD 1,509.4 million. The regional market value is expected to reach USD 2,213.2 million by 2025, with an impressive 5.71% CAGR during the forecast period. The electronics manufacturing market in the industry is expected to grow rapidly during the forecast period due to the presence of a large number of OEMs in the region. According to the International Trade Administration, Japan is the third-largest electronics manufacturing industry in the world. The packaging industries for food and beverages continually evolve their packaging methods and the technology used, which helps cater to the changing requirements of the processed food and beverage industry in the country. Moreover, according to Invest India, the consumer electronics and appliances industry in India is expected to become the fifth-largest in the world by 2025. According to the same source, the electronics market in India is projected to reach USD 228 billion by 2020 from over USD 100 billion in 2016–2017. The electronics market is expected to grow at 17% CAGR during 2014–2020. All these factors increase the need for the packaging of these products, which further fuel the market for molded fiber packaging in the country.
In 2018, North America held the second-largest market share in the molded fiber packaging market. The region has witnessed significant growth in the packaging sector, owing to the increase in demand for food and beverages mainly for packaged food, prompting increased investments in the R&D and product innovation in terms of packaging. Furthermore, stringent food safety policies in the US and Canada drives the demand for molded fiber packaging in the food & beverage industry. The growing food & beverage industry and the rising R&D investments are anticipated to raise the demand for molded fiber packaging in the region. In 2018, the regional market was valued at USD 792.7 million, which is expected to reach USD 1,044.7 million by 2025, with a 4.11% CAGR during the forecast period.
Asia-Pacific is also the fastest-growing region in the global molded fiber packaging market with countries such as China, Japan, and India.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Questions Addressed by the Report
• What was the historic market size (2018)?
• Which segmentation (Type/Source/Product/End-Use) is driving the market?
• What will be the growth rate by 2025?
• How are the key players in this market?
• What are the strategies adopted by key players?
Browse Complete Report “Molded Fiber Packaging Market Research Report – Global Forecast till 2025” @ https://www.marketresearchfuture.com/reports/molded-fiber-packaging-market-3916
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