Global Molded Fiber Packaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Molded Fiber Packaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Molded fiber is a packaging material, that is typically made from recycled paperboard and/or newsprint. Molded fiber packaging is used for protective packaging or for food service trays and beverage carriers.

Market Overview:

The latest research study on the global Molded Fiber Packaging market finds that the global Molded Fiber Packaging market reached a value of USD 3937.88 million in 2022. It’s expected that the market will achieve USD 7592.57 million by 2028, exhibiting a CAGR of 11.56% during the forecast period.

Influence of COVID-19 Outbreak on Molded Fiber Packaging Industry Development

Due to the COVID-19 virus outbreak, most countries are forced to place restrictions on all types of manufacturing and supply chains. Only basic commodities such as food, beverages and medicines are allowed to be produced and supplied. The demand for molded fiber packaging in the food, beverage, and healthcare industries continues to grow. Increasingly, molded fiber packaging is used as a protective packaging solution to prevent product tampering.

Due to these factors, the demand for molded fiber packaging has not been severely affected. However, the disruption of the supply chain during the COVID-19 outbreak and the resulting restrictions still had a negative impact on sales. In the near future, the expansion of the food and beverage industry and the increase in demand for consumer products will bring ample growth opportunities for manufacturers.

COVID-19 has had a global impact on the way people use fast moving consumer goods. As the new type of coronary pneumonia poses a serious threat to health worldwide, governments of many countries quickly increased a number of restrictions, resulting in the closure of all restaurants and bars. They are intensive users of molded fiber flaps, plates, bowls, and other food service products. This factor will have a certain negative impact on the molded fiber packaging market.

Opportunities

As concerns about packaging waste continue to intensify, regulatory agencies have taken strict measures to curb the use of single-use plastics. This has proven to be a boon for the molded fiber packaging industry.

Manufacturers discourage the use of foam (EPS) in various food and food service packaging services. Therefore, as regulators continue to discourage the use of disposable plastics, the molded fiber packaging industry is expected to achieve strong growth in these markets.

In terms of practicality, the Asia-Pacific region is expected to bring more development opportunities to the molded fiber packaging market. This is related to the increasing number of molded fiber packaging production units in countries/regions such as India, China, Australia, Bangladesh, and Indonesia. In addition, changes in customer lifestyles have also increased their preference for sustainability.

Due to cheap labor costs and the availability of raw materials for production, molded fiber packaging manufacturing companies prefer to set up production units in Asia-Pacific countries to produce the packaging industry. In addition, due to changes in consumer spending preferences, it is also related to accelerated urbanization and the increase in annual disposable income.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Brødrene Hartmann A/S is one of the major players operating in the Molded Fiber Packaging market, holding a share of 10.94% in 2021.

Brødrene Hartmann A/S is the world's leading manufacturer of molded fiber egg packaging, a leading fruit packaging manufacturer in the South American market, and one of the world's largest manufacturers of molded fiber packaging production technology.

Huhtamaki is a global food packaging expert headquartered in Espoo, Finland. Its products include paper and plastic disposable tableware, such as cups, plates and containers for fast food restaurants, coffee shops, retail stores, caterers and vending machines. The company provides coated paper cups for fast food chains such as Burger King, and provides flexible packaging and labels for food and beverage, pet food, medicine, household and hygiene brands.

Segmentation Overview:

Among different product types, Transfer segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Food Service Packaging segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Molded Fiber Packaging market covered in Chapter 3:

buhl-paperform GmbH
Nippon Molding Co., Ltd.
International Paper
Pactiv
Brødrene Hartmann A/S
Okulovskaya Paper Factory
Sonoco
Huhtamaki
Cullen Packaging Ltd.
Shaanxi Huanke
CDL Omni-Pac Group
UFP Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Molded Fiber Packaging market from 2018 to 2029 is primarily split into:

Thick-Wall
Transfer
Thermoformed (Thin-wall)
Processed

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Molded Fiber Packaging market from 2018 to 2029 covers:

Fruit Industry
Food Service Packaging
Consumer Durables and Electronic Goods Industry
Automotive Packaging Industry
Home and Personal Care Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)