The Molded Fiber Pulp Packaging Market is anticipated to be worth US$ 8.57 billion in 2023. According to Future Market Insights, between 2023 and 2033, the market is likely to expand at a 5.1% CAGR. As a result, by 2033, the market is expected to reach US$ 14.09 billion.
Molded fiber is a paper-based packaging material that employs other natural fibers, water, and 100% recyclable newspaper and cardboard. It is also known as ‘molded pulp’ since it is used to construct intricate three-dimensional objects with rounded edges. Electronics, automobile components, home items, and medical supplies are all packaged using molded fiber pulp. Molded paper pulp decomposes quickly in soil.
Some key factors that are anticipated to drive market growth over the forecast period include the rise in launches of wood-fiber-based packaging solutions and the rising demand for molded fiber pulp packaging as protective packaging.
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The market is expected to increase as a result of the rising demand for protective packaging made of molded fiber pulp, such as nursery pots, floral vases, food trays, and beverage containers. Also, the transportation sector’s growing need for environmentally friendly products with superior vibration-dampening and cushioning capabilities is anticipated to fuel market expansion throughout the forecast period.
Quickly movable consumer goods manufacturers are working harder to provide ecologically friendly packaging choices that are also convenient for consumers. Superior printing and coating methods have been developed for items made of molded fiber pulp as a result of technological improvements.
To improve production efficiency and packing quality, modern technology for molded fiber, including sophisticated molded machinery such as 3D printing tools, has been introduced. New fibers have also been introduced on the market for producing molded fibers. Consequently, manufacturers are concentrating on developing innovative and protected packaging solutions, which are projected to promote market growth.
In terms of region, Europe dominated the market in 2022 and is anticipated to continue to do so throughout the forecast period. The market has benefited from the growth in food and beverage consumption as a result of shifting consumer attitudes toward consuming healthier meals.
Key Takeaways
- The market in the United Kingdom is predicted to rise to exhibit a CAGR of 4.5% through 2033.
- The United States is expected to develop at a 4.5% CAGR during the forecast period.
- With a CAGR of 2.9% over the forecast period, Canada is predicted to develop promptly in the market.
- In China, the market is expected to proliferate, registering a CAGR of 7.2% over the forecast period.
- Germany is likely to register a CAGR of 3.7% until 2033.
- In India, the market is likely to flourish at a CAGR of 6.7% during the forecast period.
- With a CAGR of 3.5%, the market in Japan is expected to expand significantly until 2033.
Competitive Landscape
Key players in molded fiber pulp packaging include Guangxi Qiaowang Pulp Packing Products Co, Ltd., UFP Technologies, Inc., ESCO Technologies Inc., FiberCel Packaging LLC, Huhtamaki Oyj, Pactiv LLC, Henry Molded Products, Inc, EnviroPAK Corporation, Spectrum Lithograph Inc., ProtoPak Engineering Corporation, Keiding, Inc., Pacific Pulp Molding, LLC, Celluloses De La Loire, Dynamic Fibre Moulding (PTY) Ltd., Brodrene Hartmann A/S, Primapack SAE, Green packing Environmental Protection Technology Co., Ltd., Dongguan City Luheng Papers Company Ltd., Guangzhou NANYA Pulp Molding Equipment Co., Ltd., OrCon Industries Corporation, and others.
These market players are consistently extending their product lines and launching new products to satisfy the rising demand for environmentally friendly and sustainable packaging options. They are making significant investments in research and development to develop innovative and high-performance materials as well as technologies that are economical and ecologically benign.
They are also implementing advanced production techniques to improve the consistency and quality of their products while decreasing waste and cutting back on energy use. Manufacturers are also directly collaborating with customers to provide specialized solutions that satisfy their unique packaging demands and requirements.
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Recent Developments
- In June 2022, Huhtamaki commenced work on its extended North American molded fiber production capacity as a component of its greater goal of developing Fiber Solutions.
- In September 2021, AR Packaging invented a recyclable fiber tray that contains 95% of the fibers, making it a convenient alternative to plastic trays.
Key Points Covered in Molded Fiber Pulp Packaging Market Study
- Market estimates and forecast 2015-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Molded Fiber Pulp Packaging Market and How to Navigate
- Recommendation on Key Winning Strategies
Key Takeaways from Molded Fiber Pulp Packaging Market
Trays are estimated to hold more than 34% of the market share by 2031, owing to wide scope of applications and superior durability.
In North America, the U.S. has emerged as a mature market owing to the presence of major food & beverage manufacturers. It will register incremental opportunity of US$ 774.1 Mn.
Transfer molded pulp products are expected to expand at a CAGR of 5.4%. This pulp type offers manufacturers a better recyclable and responsible alternative to plastic.
China leads Asia Pacific excluding Japan and is expected to reach a valuation of US$ 2.2 Bn in 2031.
The U.K. will dominate Europe, surpassing Germany to reach 21% of the value share by 2031. Growth in the U.K. will be supported by investments in research, and positive prospects for imports.
“The global molded fiber pulp packaging market is driven by surge in demand for sustainable packaging solutions with protective packaging characteristics. These solutions also are considered ideal for logistics and transport,” says an FMI analyst.
Who is winning?
Leading players in the molded fiber pulp packaging market are largely focused on production development and capacity expansion strategies. Key players contribute approximately 20-30% of the global market.
Top players include but are not limited to Huhtamaki Oyj., Pactiv LLC, Brodrene Hartmann A/S, Henry Molded Products, Inc., ESCO Technologies Inc., UPF Technologies, Inc., ProtoPak Engineering Corporation and Celluloses De La Loire are the top players operating in the Molded Fiber Pulp Packaging market.
Molded Fiber Pulp Packaging Market by Category
By Product Type:
- Trays
- Drink Carriers
- Boxes
- End Caps
- Plates
- Bowls
- Cups
- Clamshell Containers
By Molded Pulp Type:
- Thick wall
- Transfer Molded
- Thermoformed Fiber
- Processed Pulp
By Application:
- Primary Packaging
- Secondary Packaging
- Edge Protectors
By End Use:
- Consumer Durables
- Food & Beverage
- Wine Packaging
- Fruit Packaging
- Others
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Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Molded Fiber Pulp Packaging market analysis from 2022 to 2032 to identify the prevailing Molded Fiber Pulp Packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Molded Fiber Pulp Packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global Molded Fiber Pulp Packaging market trends, key players, market segments, application areas, and market growth strategies.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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