Between 2022 and 2032, the moulded fibre trays market will expand consistently at a 5% CAGR. Molded fibre trays are environmentally friendly packaging options created from recycled materials.
Newspapers, papers, cardboard, and other waste products are among these recycled items. Molded fibre trays are made from recycled materials and have additional environmental advantages due to their ability to be recycled, biodegradable, and composted.
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This aids in minimising environmental effect, which is currently a major goal for almost all end-use sectors. Depending on the needs of the end users, different types of moulded pulp, such as transfer moulded, thick wall, thermoforming pulp, and others, are used to make moulded fibre trays. The consumer durables, food and beverage, healthcare, automotive, food services, electronics, and other end-use industries all employ these trays.
“The growing interest in environmentally friendly and sustainable packaging solutions will increase demand for moulded fibre trays. Also, the leading players in the moulded fibre tray industry are taking innovative and development steps that are producing excellent growth possibilities, according to an FMI analyst.
According to Future Market Insights, there will be a variety of opportunities for participants in the molded fiber trays market, especially for the companies investing significantly in R&D to develop more efficient, innovative, and cost-effective solutions.
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Key Takeaways from Molded Fiber Trays Market
•Transfer molded is the most preferred molded pulp type for manufacturing molded fiber trays. The target segment is projected to hold around 54% of the market value share by the end of 2032
•By product type, the multi cavity molded fiber trays segment is anticipated to expand at a CAGR of 6.0% during 2022-2032. As the multi cavity molded fiber trays can carry a variety of content in a single piece attracts the end use industries.
•As the consumer & end-users are more concerned about the environmental impact of various packaging formats, they prefer sustainable & recyclable packaging solutions along with protective packaging.
•North America and Europe are estimated to account for more than 50% of sales of molded fiber trays during the forecast period.
Global Molded Fiber Trays Market Landscape
Huhtamaki Oyj, UFP Technologies, Inc., International Paper Company, TRIDAS, and FiberCel Packaging LLC are the key players operating in the molded fiber trays market. Pactiv LLC, buhl-paperform GmbH, Dentaş Paper Industry Inc., Pulp-Tec Limited, PAPACKS SALES GmbH, and others are also noticeable players in the molded fiber trays market. The tier 1 players in the global molded fiber trays market hold around 15-20% of the market.
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Molded Fiber Trays Market by Category
By Molded Pulp Type, Molded Fiber Trays Market is Segmented as:
- Thick Wall
- Transfer Molded
- Thermoformed Fiber
- Processed Pulp
By Product Type, Molded Fiber Trays Market is Segmented as:
- Single Cavity Molded Fiber Trays
- Multi Cavity Molded Fiber Trays
By End Use, Molded Fiber Trays Market is Segmented as:
- Consumer Durables
- Food & Beverage
- Healthcare
- Automotive
- Foodservice
- Others
By Region, Molded Fiber Trays Market is Segmented as:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
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