PUBLISHER: The Business Research Company | PRODUCT CODE: 1539741
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539741
Molded fiber packaging is an environmentally friendly packaging solution crafted from recycled paper and natural fibers, molded into diverse shapes to safeguard products during transportation and handling. This packaging is valued for its cushioning properties and biodegradability, offering a sustainable alternative to conventional plastic-based packaging.
The primary product types of molded fiber packaging include trays, containers, clamshells, bowls, plates, and others. A tray is a flat, shallow receptacle with slightly raised edges, designed for carrying, holding, or displaying items such as food or dishes. These trays are manufactured from various materials such as recycled paper, virgin paper, and mixed pulp, sourced from sources such as wood pulp and non-wood pulp. They find application in protective packaging, food service packaging, electronics packaging, cosmetic and personal care packaging, among other uses.
The molded fiber packaging market research report is one of a series of new reports from The Business Research Company that provides molded fiber packaging market statistics, including molded fiber packaging industry global market size, regional shares, competitors with a molded fiber packaging market share, detailed molded fiber packaging market segments, market trends and opportunities, and any further data you may need to thrive in the molded fiber packaging industry. This molded fiber packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The molded fiber packaging market size has grown strongly in recent years. It will grow from $8.00 billion in 2023 to $8.46 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth during the historic period can be attributed to several factors, including heightened awareness and concern regarding environmental sustainability, growing consumer preference for sustainable and biodegradable products, ample availability of raw materials for molded fiber packaging, the recyclability and biodegradability of these packaging solutions, and increased demand within the food and beverage industry for eco-friendly packaging options.
The molded fiber packaging market size is expected to see strong growth in the next few years. It will grow to $10.65 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The projected growth in the forecast period can be attributed to several factors, including increasingly stringent environmental regulations favoring recyclable and biodegradable packaging solutions such as molded fiber, the rapid growth of e-commerce necessitating efficient and sustainable packaging options, expansion of retail outlets demanding eco-friendly packaging solutions, and strong advocacy and support from environmental organizations promoting sustainable practices. Major trends expected in this period include technological advancements in manufacturing processes for molded fiber packaging, enhancements in product quality and design innovation to meet diverse market needs, improvements in durability and functionality of packaging materials, and optimizations in supply chain and logistics to ensure efficient distribution and delivery of packaged goods.
The molded fiber packaging market is poised for growth driven by the expanding e-commerce sector. This growth is propelled by factors such as increased internet access, consumer convenience, a broader product range, and flexible shopping options. Molded fiber packaging plays a crucial role in e-commerce due to its protective, sustainable, and versatile characteristics, which ensure product safety during shipping while reducing environmental impact. For example, the US Census Bureau reported in February 2024 that e-commerce sales in the fourth quarter of 2023 rose by 7.5% compared to the same period in 2022, underscoring the sector's rapid expansion and impact on packaging needs.
Leading companies in the molded fiber packaging market are focusing on developing advanced products, particularly sustainable options, to meet the growing demand for eco-friendly packaging solutions. Sustainable molded fiber packaging utilizes recycled paperboard or other fibers to create biodegradable and recyclable packaging, minimizing environmental impact compared to conventional materials such as plastic. For instance, Genpak LLC launched the Harvest Fiber line in January 2024, featuring hinged food service containers, trays, and tableware. These containers are designed to meet the rigorous demands of food service operations while integrating environmental sustainability with robust packaging performance. Crafted from renewable fibers, Harvest Fiber containers are microwave-safe, PFAS-free, and suitable for hot and cold foods, offering a practical solution for restaurants navigating regulatory challenges.
In September 2023, Molpack Corporation partnered with HP Inc. to digitize and innovate the industrial production of molded fiber products. This collaboration aims to reduce CO2 emissions and promote eco-friendly packaging solutions, thereby addressing the global shift away from single-use plastics. HP Inc., a leader in information technology based in the US, is supporting Guamolsa, a division of Molpack Corp. specializing in molded fiber packaging in Latin America, in their efforts to advance sustainable packaging solutions.
Major companies operating in the molded fiber packaging market are Sonoco Products Company, Pactiv Evergreen Inc., Huhtamaki Oyj, Nippon Molding Co. Ltd., Cascades Inc., Genpak LLC, Brodrene Hartmann A/S, Fabri-Kal Corporation, UFP Technologies Inc., CKF Inc., Pro-Pac Packaging Ltd., Dentas Paper Industry Inc., Henry Molded Products Inc., EnviroPAK Corporation, Guangzhou NANYA Pulp Molding Equipment Co. Ltd., Fibercel Packaging LLC, Dynamic Fibre Moulding (PTY) Ltd., Omni-Pac Group, Moulded Fibre Products Ltd., Cullen International, Eco-Products Inc., Pacific Pulp Molding Inc., Primeware LLC, Qingdao Xinya molded Pulp Packaging Co. Ltd, TRIDAS
North America was the largest region in the molded fiber packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the molded fiber packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the molded fiber packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The molded fiber packaging market consists of sales of molded pulp cushions, molded fiber bottles, and takeout meal containers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Molded Fiber Packaging Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on molded fiber packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for molded fiber packaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The molded fiber packaging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.