The Global Molded Fiber Packaging Market is forecast to expand at 4.90% CAGR during the forecast period.The global molded fiber packaging market is forecast to bear witness to significant growth during the forecast period. Factors such as increasing demand in end-use industries and usage of a durable, environment-friendly safeguard packaging solutions are driving the market. Nevertheless, wasteful raw material sourcing and management may hinder market. Additionally, research and development (R&D) investments can be in a futuristic chance to driving this market. Asia-Pacific estimated at a distinguished region for molded fiber packaging market by the presence of a significant number of OEMs in the region. In the year2018, North America held the second-largest market share in the molding fiber packaging market. The region has been witnessing significant growth in the packaging sector, owing to the rapid demand for food and beverages application mainly for packaged food prompting increased investments in the R&D and product innovation in terms of packaging. Furthermore, stringent food safety policies in the US and Canada fuels the demand for molded fiber packaging in the food & beverage industry. The global molded fiber packaging market has been divided by type, source, product, and end-use industry. By type, the global market is split into thick-wall, transfer molded, thermoformed fiber, and processed pulp. The transfer molded segment is controlling the market, owing to innovative packaging products such as egg cartons and trays, fruit and vegetable trays, slipper pans, wine shippers, and others.
The global moulded fibre packaging market is segmented on different grounds such as type, source, product, and end-use industry. By type, the moulded fibre packaging market is divided into thick-wall, a transmission moulded, thermoformed fibre, and processed pulp. The transfer moulded segment is controlling the market, owing to extensively used packaging products such as egg cartons and trays, fruit and vegetable trays, slipper pans, wine shippers, and end caps. By source, the moulded fibre packaging market is split into wood pulp and non-wood pulp. The wood pulp is the predominant segment, owing to its highly recyclable properties and forest clearance process. By product, the global moulded fibre packaging market is split into trays, clamshell containers, boxes, end cap, and others. The trays division retains maximum market share, owing to the ease of shipping and storing processes. By end-use, the global fitted fibre packaging market is segmented into food & beverage, electronics, personal care, healthcare, and others. The food & beverage segment holds the maximum market share, owing to widely used products such as clam-shell food containers, cup carriers, bowls, plates, food & serving trays, egg trays and cartons, fruit, vegetable trays, and locator trays for bottled products, wine, and jellies in the food & beverage industry.
Regionally, the global moulded fibre packaging market analysis of the low-speed vehicle market spans across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The electronics manufacturing market in the industry will be expected to expand rapidly over the forecast period by the presence of a significant number of OEMs in the region. The low cost and availability of raw materials and labour bodes well for the industry in the region. Furthermore, Asia-Pacific is also fastest-growing region in terms of the food & beverage industry. Over the years, it is being noted that the region is becoming a global automotive hub. It has become a big consumer and supplier of automobiles. All these factors in the aggregate contribute to the development of the molding fiber packing market in Asia-Pacific. China is also experiencing significant growth in the automobile industry and is expected to become global leader for the automobile sector in the international trade market during the forecast period. According to international Energy Agency, the total stock of electric cars in China was 1,227.77 thousand in the year 2017, which is larger than any other country in the world. Rapid rise of the automotive industry in the country fuels the demand for the packaging of these products. Molded fiber packaging is widely used for shipping and handling automotive parts. These factors are collectively driving the molded fiber market in China.
Br?drene Hartmann A/S (Denmark), Henry Molded Products Inc. (US), Robert Cullen Ltd (UK), Huhtam?ki Oyj (Finland) and UFP Technologies, Inc., (US) are some of the major players of global molded fiber packaging market. Some of it’s key developments are in May 2019. Huhtam?ki Oyj (Finland), Br?drene Hartmann A/S (Denmark), UFP Technologies, Inc., (US), Henry Molded Products Inc. (US), and Robert Cullen Ltd (UK). Huhtamaki announced the launch of its new fiber-based meal containers that are suited for both microwave and regular ovens for Waitrose & Partners to replace black plastic. These trays can be recycled and are also certified for domestic composting