The global fiber-based packaging market is anticipated to be valued at USD 308.8 billion in 2024, with steady growth expected over the next decade. According to the latest market analysis, the fiber-based packaging market is projected to expand at a CAGR of 1.9%, reaching a market value of USD 372.7 billion by 2034. This growth is fueled by increasing demand for eco-friendly packaging solutions, innovations in manufacturing processes, and the rise of e-commerce.
Market Analysis:
- Rising Demand for Eco-Friendly Alternatives:
- Fiber-based packaging is gaining traction as a sustainable alternative to plastic, driven by growing environmental concerns and regulatory pressures. The shift towards eco-friendly packaging is expected to drive demand across various industries, including food and beverage, electronics, and pharmaceuticals.
- Popularity of Molded Fiber:
- Molded fiber is emerging as a cost-effective packaging material, contributing to the expanding demand for fiber-based packaging. Its versatility and affordability make it an attractive option for companies looking to reduce packaging costs while maintaining environmental responsibility.
- Innovations in Pulping Processes:
- The development of new enzyme pulping processes is enabling more diverse product offerings and streamlined manufacturing in the fiber-based packaging industry. These advancements are expected to enhance the market’s competitiveness and support its growth over the forecast period.
- Consumer Sensory Experience:
- Fiber-based packaging is increasingly being designed with consumers’ sensory experiences in mind. The velvety texture of fiber-based materials is appealing to consumers, adding a tactile dimension to packaging that can enhance brand perception and consumer satisfaction.
- Demand from Packaged Food Sector:
- The growing demand for packaged food is a significant driver of the fiber-based packaging market. As consumers continue to prioritize convenience and sustainability, the use of fiber-based materials in food packaging is expected to rise.
Market Trends:
- Growth in Consumer Product Production:
- The ongoing production of consumer products is amplifying the demand for fiber-based packaging. The market is expected to benefit from the sustained growth of industries such as food and beverage, electronics, and pharmaceuticals.
- E-commerce Expansion:
- The surge in online sales, particularly in the food and beverage and electronics sectors, is propelling the fiber-based packaging market. Safe and sustainable packaging solutions are in high demand to protect products during shipping, driving the adoption of fiber-based materials.
- Shipping Dunnage and Safety:
- The increasing safety profile of fiber-based packaging makes it a preferred choice for shipping dunnage. As end-users seek to ensure the protection of their products during transportation, fiber-based packaging is becoming an integral part of the supply chain.
- Impact of 3D Printing:
- The advent of 3D printing is revolutionizing the fiber-based packaging market, offering new possibilities for customization and design innovation. This technology is expected to expand the scope of fiber-based packaging, allowing for more creative and functional packaging solutions.
- Regulatory Compliance in End-User Industries:
- End-user industries such as pharmaceuticals and electronics are subject to strict sustainability regulations. Fiber-based packaging is helping companies in these sectors meet these guidelines, driving its adoption and market growth.
Market Growth Factors
The robust demand for processed foods, packaged goods, and a range of products in emerging economies is expected to serve as a significant driver of growth in the fiber-based packaging market. Additionally, the exceptional vibration-damping and cushioning properties of fiber materials have found valuable applications in protective packaging. Manufacturers in the fiber-based packaging market are engaged in the production of shipping dunnage, outer packaging, trays, and more, enhancing the market’s offerings.
The rising global demand for recovered fiber materials is anticipated to further propel the market for fiber-based packaging. Overseas and domestic collections of recovered fiber are on the rise, contributing to the market’s growth.
In a bid to reduce various ecological risks, cost-effective food retailers and organizations are collaborating with environmental advocacy groups like the Environmental Defense Fund and WWF. These partnerships are creating indirect opportunities for the global fiber-based packaging market. Consequently, the utilization of paper-based packaging materials is expected to expand and gain prominence, signaling a significant shift in packaging materials.
Key Market Players:
- Evergreen Packaging
- Omya AG
- Orora Packaging Australia Pty Ltd.
- Stora Enso AB
- Huhtamäki Oyj
- UFP Technologies Inc.
- Bumaga BV
- Oji Fibre Solutions
- WestRock Company
- Ahlstrom Corporation
- Sonoco Products Company
- Pratt Industries Inc.
- KapStone Paper and Packaging Corp.
- Mayr-Melnhof Karton AG
- Rengo Co. Ltd.
- Mondi Group
- AR Packaging
Latest developments:
- In May 2019, Huhtamäki Oyj, a packaging solution provider, launched its new fiber-based meal trays suitable for conventional and microwave ovens for Waitrose and partners to replace black plastic. These trays are recyclable and certified for composing.
- In March 2022, Solenis, a leading producer of specialty chemicals announced a partnership with PulPac, a fiber-forming technology available to converters, brand owners and. The partnership will help Solenis to create a new and competitive standard in sustainable packaging and work on developing an alternative for single-use plastic.
- In February 2021, International Paper, a renewable fiber-based packaging products supplier, expanded its portfolio with the acquisition of Berkley International’s moulded fiber division Berkley MF.
Access Full Report:
Market Segmentation:
By Product Type:
- Paper Boards
- Corrugated Packaging
- Industrial Bags
- Displays
- Cushioning
- Supports
- Extrusion Coatings
- Release Liners
By Discard Process:
- Recyclable
- Reusable
- Degradable
By End User:
- Chemicals
- Food & Beverages
- Consumer Electronics
- Construction
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
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