The market for moulded fibre bowls is anticipated to rise at a 4.2% CAGR from 2017 to 2022, when sales are expected to reach US$ 196.9 Mn in value.
Molded fibre bowls are popular in the foodservice industry as a convenient, affordable, and environmentally friendly packaging option. Molded fibre bowls provide practical qualities including reduced costs and cleanliness in addition to easy stackability and grab-and-go options.
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The demand for moulded fibre bowls has been greatly driven over the past ten years by factors such rising consumer desire for receiving ready-to-eat food delivered to their homes from online food delivery platforms. Large, multinational quick-service restaurants (QSRs) operating in numerous nations are anticipated to be the main drivers of sales, along with QSRs’ expanding market share in emerging economies.
Also, the majority of QSRs restrict their spending to cleaning and reserving used containers. As a result, using disposable foodservice goods such moulded fibre bowls, cups, plates, cutlery, and other items helps food-chain operators to save labour expenses and concentrate on improving quality and customer service.
Manufacturers are being forced to upgrade their production facilities and install cutting-edge manufacturing machinery due to the soaring demand for environmentally friendly packaging solutions around the world.
For instance, in June 2021, Jefferson Enterprise Energy and Zume announced a joint venture to build one of the first manufacturing plants in the world to run solely on renewable energy and create compostable moulded fibre items like bowls and clamshells. The companies hope to satisfy rising demand for moulded fibre products through this alliance.
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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Molded Fiber Bowls Market By Category
By Molded Pulp Type:
- Thick Walled
- Processed Pulp
- Thermoformed
- Transfer Molded
By Distribution Channel:
- Online
- Offline
By End User:
- Food Service Outlets
- Hotels
- Restaurant & Cafes
- Quick Service Restaurants (QSR)
- Household
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
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