The information you provided highlights the projected growth and drivers of the global molded fiber bowls market. Molded fiber bowls have gained popularity in the foodservice sector due to their convenience, affordability, and eco-friendly nature. The market is expected to reach a valuation of US$ 196.9 million in 2022, with sales growing at a 4.2% compound annual growth rate (CAGR) over the forecast period.
The increased preference for home delivery of ready-to-eat food through online platforms has significantly contributed to the demand for molded fiber bowls. This trend, coupled with the expansion of quick-service restaurants (QSRs) in emerging economies, is expected to drive sales. QSRs find value in using disposable containers like molded fiber bowls, as it helps reduce labor costs and allows them to focus on improving customer service and quality.
The growing demand for sustainable packaging solutions globally has compelled manufacturers to expand their production facilities and adopt advanced manufacturing equipment. This trend is exemplified by the joint venture between Jefferson Enterprise Energy and Zume, which aims to create an entirely renewable energy-powered manufacturing facility for compostable molded fiber products. This partnership aims to meet the increasing demand for molded fiber products in North America.
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In Asia, Parason Machinery partnered with Zume Inc. to install a machine line for compostable and eco-friendly tableware manufacturing technology. This initiative aims to boost the production of molded fiber products in the region.
Overall, the molded fiber bowls market is poised for growth due to the increasing demand for sustainable packaging solutions, the expansion of QSRs, and the convenience and cost-effectiveness of molded fiber bowls in the foodservice sector.
“Stringent regulations regarding plastic disposal and greenhouse gas emissions, along with functional characteristics offered by molded fiber bowls are some of the key factors expected to boost the market in the forthcoming years,” says an FMI analyst.
Key Takeaways:
- Sales of thermoformed bowls to remain high through 2032.
- The sales of molded fiber bowls through offline channel is estimated to increase by 2x times in comparison with sales registred 2021.
- Food service outlets are estimated to create an incremental opportunity of US$ 63 Mn by the end of 2032.
- The U.S. molded fiber bowls market will account for 25% of the North America market share over the forecast period.
- India will emerge as a lucrative pocket, with sales growing by 2x during the assessment period.
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Competition Landscape
Key players operating in the molded fiber bowls market include Huhtamaki Oyj, Sabert Corporation, Pactiv, Green Olive Environmental Technology Co., Ltd., Southern Champion Tray, Be Green Packaging, EAMC Pulp Molding Machine Manufacturer, US Foods, Genera Inc., and Dinearth Eco Friendly Tableware.
Molded Fiber Bowls Market By Category
By Molded Pulp Type:
- Thick Walled
- Processed Pulp
- Thermoformed
- Transfer Molded
By Distribution Channel:
- Online
- Offline
By End User:
- Food Service Outlets
- Hotels
- Restaurant & Cafes
- Quick Service Restaurants (QSR)
- Household
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
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