Molded Fiber Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Molded Fiber Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Molded Fiber Packaging Market

The molded fiber packaging market size was valued at USD 7.68 billion in 2022, and the market is now projected to grow from USD 8.13 billion in 2023 to USD 12.56 billion by 2030, exhibiting a CAGR of 6.41% during the forecast period of 2023-2030.

The fiber packaging industry, which affected growth from pandemic related lockdowns and lowered consumer spending, was disrupted by COVID-19. But the global market surged in the post-pandemic period sufficiently based on green concerns regarding the packaging materials and shopping escalation in the digital platform. Such change to the environmentally friendly ones has lifted the industry again.

The global molded fiber packaging market will continue to progress at a steady rate due to rapidly rising purchase of sustainable packaging products. Increasing awareness of consumer towards packaging waste also contributes to the growth of this market. This trend is supported by the fact that most sectors have moved to using biodegradable material.

There is a growth of the trend of sustainability among consumers from different industries due to the increasing severity of global environmental challenges. Latest trends of ethical consumerism and enhanced concern to it across the globe especially among the youths are motivating some of these changes. Consequently, the producers are striving to develop products that are sustainable to fulfill this need and penetrate the environmental objectives.

Comprehensive Analysis of Molded Fiber Packaging Market

The molded fiber packaging market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by pulp type analysis, by product type, analysis and by application analysis. By pulp type analysis include thick walls, transfer molded, thermoformed fiber, and processed pulp. By product type include trays, boxes & cartons, clamshells, inserts & dividers, cups & bowls, and others. By application analysis include food & beverage, electrical & electronics, automotive, healthcare, industrial, and others.

The North America region lead the molded fiber packaging market share by benefitting a market size of USD 3.04 billion in 2022 due to growing investments in the molded fiber industry.

The top players have a significant responsibility in the packaging industry for confirming industrial prospectus growth and determining the market trends. These players include Sonoco Product Company, Robert Cullen Ltd, Hartmann, CKF Inc., FiberCel Packaging LLC, Huhtamäki Oyj, Green packing Environmental Protection Technology Co., Ltd., Dongguan City Luheng Papers Company Ltd., Keiding, Inc., Pacific Pulp Molding, LLC, Pactive Evergreen, Prima Pack, Dynamic Fibre Moulding (PTY) Ltd. these market players provide a level-playing competitive landscape.

In September 2023, Guamolsa, part of Molpack Corporation, partnered with HP to digitize molded fiber production and promote sustainable packaging solutions.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2017-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2017-2021

Growth Rate CAGR of 6.41% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Pulp Type

Thick wall

Transfer Molded

Thermoformed Fiber

Processed Pulp

By Product Type

Trays

Boxes & Cartons

Clamshells

Inserts & Dividers

Cups & Bowls

Others

By Application

Food & Beverage

Electrical & Electronics

Automotive

Healthcare

Industrial

Others

By Region

North America (By Pulp Type, By Product Type, By Application, and Country)

U.S. (By Application)

Canada (By Application)

Europe (By Pulp Type, By Product Type, By Application, and Country)

Germany (By Application)

U.K. (By Application)

France (By Application)

Italy (By Application)

Spain (By Application)

Russia (By Application)

Poland (By Application)

Romania (By Application)

Rest of Europe (By Application)

Asia Pacific (By Pulp Type, By Product Type, By Application, and Country)

China (By Application)

India (By Application)

Japan(By Application)

Australia (By Application)

South Korea (By Application)

Southeast Asia (By Application)

Rest of Asia Pacific (By Application)

Latin America (By Pulp Type, By Product Type, By Application, and Country)

Brazil (By Application)

Mexico (By Application)

Argentina (By Application)

Rest of Latin America (By Application)

The Middle East & Africa (By Pulp Type, By Product Type, By Application, and Country)

Saudi Arabia (By Application)

U.A.E. (By Application)

Oman (By Application)

South Africa (By Application)

Rest of Middle East and Africa (By Application)


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