The market for molded fibre bowls is anticipated to expand at a 4.2% CAGR, with market revenue forecast to reach US$ 297 Mn by 2032. According to the report, the global market for molded fibre bowls was worth US$ 189 Mn in 2021 and is anticipated to reach US$ 197 Mn in 2022.
According to recently released data from a market analysis of moulded fibre bowls, the demand for thermoformed bowls increased globally year over year (YoY) by 3.1% in 2021 to reach US$ 40 Mn. Nonetheless, sales of transfer moulded bowls are predicted to pick up steam over the evaluation period as opposed to the thermoformed bowls category.
Over the last decade, factors such as increased customer preference for home delivery of ready-to-eat food via online food service platforms have significantly pushed the molded fiber bowls market. Sales are expected to be driven by large multi-national quick-service restaurants (QSR) across various countries, as well as increasing penetration of QSRs in emerging economies.
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Furthermore, most QSRs limit their expenditures to cleaning and reserving used containers. As a result, the usage of foodservice disposable containers such as molded fiber bowls, cups, plates, cutlery, and other items allows food-chain operators to reduce labour costs and focus on enhancing customer service and quality.
Surging demand for sustainable packaging solutions across the globe is compelling manufacturers to expand their production facilities and to install technologically advanced manufacturing equipment.
For instance, in June 2021, Jefferson Enterprise Energy and Zume announced a joint venture for creating one of the world’s first entirely renewable energy-powered manufacturing facilities that will produce compostable molded fiber products such as bowls, clamshells, etc. Through this partnership, the companies are planning to support increasing demand for the molded fiber products in North America.
Similarly, in Asia Parason Machinery partnered with Zume Inc. installed a machine line for compostable and eco-friendly tableware manufacturing technology to boost molded fiber product line.
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“Stringent regulations regarding plastic disposal and greenhouse gas emissions, along with functional characteristics offered by molded fiber bowls are some of the key factors expected to boost the market in the forthcoming years,” says an FMI analyst.
Key Takeaways:
- Sales of thermoformed bowls to remain high through 2032.
- The sales of molded fiber bowls through offline channel is estimated to increase by 2x times in comparison with sales registred 2021.
- Food service outlets are estimated to create an incremental opportunity of US$ 63 Mn by the end of 2032.
- The U.S. molded fiber bowls market will account for 25% of the North America market share over the forecast period.
- India will emerge as a lucrative pocket, with sales growing by 2x during the assessment period.
Competition Landscape
Key players operating in the molded fiber bowls market include Huhtamaki Oyj, Sabert Corporation, Pactiv, Green Olive Environmental Technology Co., Ltd., Southern Champion Tray, Be Green Packaging, EAMC Pulp Molding Machine Manufacturer, US Foods, Genera Inc., and Dinearth Eco Friendly Tableware.
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
- Key Success Factors
4.1. Product Adoption /Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
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Molded Fiber Bowls Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for molded fiber bowls market by molded pulp type (thick walled, processed pulp, thermoformed, and transfer molded), by distribution channel (online and offline), by end-use (food service outlets, hotels, restaurant & cafes, Quick Service Restaurants (QSR), and others (household)) & region
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