The burgeoning Global Molded Fiber Bowls Market is poised for a robust growth trajectory, with a projected Compound Annual a 4.2% compound annual growth rate (CAGR) with a target market valuation of US$297 million by 2032. According to recent market data, the molded fiber bowls segment experienced growth, with a market size of US$189 million in 2021 and predicted to reach US$197 million in 2022. Thermoformed bowls experienced a remarkable 3.1% year-over-year increase, reaching US$40 million in 2021; in contrast, transfer molded bowls are expected to become more popular during the evaluation period. The rapid rise in demand may be ascribed to the extensive integration of molded fiber bowls in the foodservice and Quick Service Restaurant (QSR) industries, which establish them as essential players in the market’s growth trajectory over the anticipated timeframe.
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Molded fiber bowls are becoming more and more popular in the food service business, and for good reason—they provide a simple and sustainable packing choice. In the years to come, the market is expected to grow further as QSRs and food service establishments continue to use molded fiber bowls to serve a range of foods.
“Stringent regulations regarding plastic disposal and greenhouse gas emissions, along with functional characteristics offered by molded fiber bowls are some of the key factors expected to boost the market in the forthcoming years,” says an FMI analyst.
Key Takeaways:
- Sales of thermoformed bowls to remain high through 2032.
- The sales of molded fiber bowls through offline channel is estimated to increase by 2x times in comparison with sales registred 2021.
- Food service outlets are estimated to create an incremental opportunity of US$ 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.
Key Companies Profiled
- 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.,
- 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
- Oceania
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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