Global Molded Fiber Packaging Market is expected to reach US$ 11.69 Bn by 2025, expanding at a CAGR of 5.9% from 2017 to 2025.
Research N Reports brings key comprehensions on the subject of Global Molded Fiber Packaging Market in its latest report titled ‘Molded Fiber Packaging Market by Application (Food and Beverages Industry, Consumer Durables and Electronic Goods Industry, Automotive Packaging Industry, Home and Personal Care Industry); by Regions (North America, Europe, Asia-Pacific (APAC), Middle East & Africa and Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025.’
Molded fiber packaging provides protection during distribution of products and transportation, and customer convenience with respect to ease of handling and disposability. This kind of packaging is also eco-friendly in nature.
Molded fiber products are usually manufactured with natural fibers such as cellulose or with waste paper. Unlike plastics, these are recyclable, alongside different sorts of biodegradables and can be easily composted.
During the manufacturing process, both water and fiber used are recyclable and produce zero waste. Additionally, there are no toxic or hazardous wastes that are expelled into the environment.
In terms of revenue, Global Molded Fiber Packaging Market was valued at US$ 7.04 Bn in 2016 and is expected to reach US$ 11.69 Bn by 2025, expanding at a CAGR of 5.9% from 2017 to 2025.
The Global Molded Fiber Packaging Market is enhanced by factors such as:
- Increased recycling and waste recovery.
- Growing demand from vegetable and fruit packagers.
- Augmented use of renewably sourced materials.
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From the application segments, the food and beverages industry accounted as the leading segment in the past years. Furthermore, factors such as the introduction of innovative packaging materials to avert the contamination of food products will contribute to the growth of this market segment in the near future.
In addition, the augmented demand for packaged food owing to factors such as the ease of use and the deployment of environmental-friendly products will also drive the segment’s growth in the Global Molded Fiber Packaging Market.
Based on regional analysis, the global market is fragmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these regions, the Americas will be the foremost revenue contributor to the Global Molded Fiber Packaging Market during the prognosis period.
The growing demand for consumer goods such as household products and food and beverages will be the major driver for the market’s growth in this region. Countries such as Brazil, Argentina, and Mexico will witness a considerable increase in the demand for the global market in the forecast period.
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Leading market players are focusing on improving services through continuous research and development activities. Market players are introducing technological improvements to their product portfolio in order to reinforce their market position and to increase total market share.
Some of the significant players functioning in the Global Molded Fiber Packaging Market include Huhtamaki, UFP Technologies, Moulded Fibre Product, Henry Molded Products, Brodrene Hartmann, Cullen Packaging.
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