The burgeoning Global Molded Fiber Bowls Market is poised for a robust growth trajectory, with a projected Compound Annual Growth Rate (CAGR) of 4.2%, targeting a market valuation of US$297 million by 2032. Recent market data reveals that the molded fiber bowls segment witnessed an upswing, reaching a market size of US$189 million in 2021, with further growth expected to reach US$197 million in 2022. Thermoformed bowls saw a commendable 3.1% year-on-year growth, totaling US$40 million in 2021, while transfer molded bowls are anticipated to gain prominence during the assessment period. The surge in demand is attributed to the widespread adoption of molded fiber bowls in the foodservice and Quick Service Restaurants (QSR) sectors, positioning them as pivotal contributors to the market’s expansion over the forecast period.
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The food service industry’s adoption of molded fiber bowls has been instrumental in driving demand, as these eco-friendly and versatile bowls offer a sustainable and convenient packaging solution. As QSRs and food service outlets continue to embrace molded fiber bowls for serving a variety of dishes, the market is poised for further expansion in the years to come.
Growth Drivers:
- Sustainability Focus: Increasing consumer demand for eco-friendly packaging solutions is a significant driver, with molded fiber bowls being preferred for their biodegradability and reduced environmental impact.
- Rise in Takeout and Food Delivery Services: The growth of the molded fiber bowls market is fueled by the expanding takeout and food delivery services, where these bowls offer a convenient and sustainable option for serving food on-the-go.
- Regulatory Emphasis on Single-Use Plastics: Stringent regulations against single-use plastics drive the adoption of molded fiber bowls as a viable alternative, aligning with global efforts to reduce plastic waste.
- Consumer Preference for Sustainable Packaging: With a growing awareness of environmental issues, consumers increasingly choose products packaged in molded fiber bowls, promoting a shift towards sustainable and recyclable materials.
- Food Industry Adoption: The food industry’s increasing recognition of molded fiber bowls as a reliable and sustainable packaging solution further propels market growth, as businesses seek eco-friendly alternatives for their products.
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Business Trends:
- Customization and Branding: Manufacturers are focusing on offering customizable molded fiber bowl solutions to cater to the branding needs of businesses, allowing them to create a distinct identity in the market.
- Technological Advancements in Manufacturing: Ongoing advancements in manufacturing technologies contribute to increased efficiency and cost-effectiveness in producing molded fiber bowls, shaping trends in the industry.
- Product Innovation and Design: Continuous innovation in the design and functionality of molded fiber bowls, such as improved insulation properties and versatile shapes, enhances their attractiveness to both businesses and consumers.
- Collaborations for Supply Chain Efficiency: Collaborations and partnerships along the supply chain are emerging trends, optimizing production processes and ensuring a seamless flow of molded fiber bowl products to meet market demands.
- Global Expansion Strategies: Key players in the molded fiber bowl market are increasingly adopting global expansion strategies, tapping into new markets and regions to capitalize on the growing demand for sustainable packaging solutions worldwide.
“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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