The market for moulded fibre trays is anticipated to reach US$ 4.3 Billion by 2032 at a CAGR of 5.0% from US$ 2.6 Billion in 2022. The market for moulded fibre trays is predicted to grow at a rate of 5% between 2021 and 2032 because to rising consumer knowledge about sustainable packaging and soaring trends that favour moulded fibre packaging. According to a recent FMI report, the market for moulded fibre trays is expected to generate an additional US$ 1.7 billion in revenue between 2022 and 2032.
By the end of the next ten years, it is anticipated that the global market for moulded fibre trays will grow by 1.6 times its current market value.
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Consumer Electronics Manufacturers Shifting towards Sustainable Packaging Solutions and Creating Growth Opportunities for Molded Fiber Trays Suppliers
Traditionally, consumer electronic devices come in a variety of packaging solutions, and each part is wrapped with seamless packaging so that it does not open or get damaged. This can frustrate consumers. Consumers nowadays demand sustainable, easy-to-open, and minimal packaging with effective protection for the product. Therefore, consumer electronics manufacturers are trying to focus on providing packaging solutions that enhance the consumer experience.
Moreover, due to the push by governments and regulations in various regions, consumer electronics manufacturers are adopting sustainable packaging solutions. This is creating growth opportunities for the molded fiber trays market. Consumer electronics manufacturers are shifting towards molded fiber for packaging their products as it is recyclable, versatile, and protects the products
Key Takeaways from Molded Fiber Trays Market
•Transfer molded is the most preferred molded pulp type for manufacturing molded fiber trays. The target segment is projected to hold around 54% of the market value share by the end of 2032
•By product type, the multi cavity molded fiber trays segment is anticipated to expand at a CAGR of 6.0% during 2022-2032. As the multi cavity molded fiber trays can carry a variety of content in a single piece attracts the end use industries.
•As the consumer & end-users are more concerned about the environmental impact of various packaging formats, they prefer sustainable & recyclable packaging solutions along with protective packaging.
•North America and Europe are estimated to account for more than 50% of sales of molded fiber trays during the forecast period.
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Global Molded Fiber Trays Market Landscape
- Huhtamaki Oyj,
- UFP Technologies, Inc.,
- International Paper Company,
- TRIDAS, and
- FiberCel Packaging LLC
are the key players operating in the molded fiber trays market.
- Pactiv LLC,
- buhl-paperform GmbH,
- Dentaş Paper Industry Inc.,
- Pulp-Tec Limited,
- PAPACKS SALES GmbH,
and others are also noticeable players in the molded fiber trays market. The tier 1 players in the global molded fiber trays market hold around 15-20% of the market.
Molded Fiber Trays Market by Category
By Molded Pulp Type, Molded Fiber Trays Market is Segmented as:
- Thick Wall
- Transfer Molded
- Thermoformed Fiber
- Processed Pulp
By Product Type, Molded Fiber Trays Market is Segmented as:
- Single Cavity Molded Fiber Trays
- Multi Cavity Molded Fiber Trays
By End Use, Molded Fiber Trays Market is Segmented as:
- Consumer Durables
- Food & Beverage
- Healthcare
- Automotive
- Foodservice
- Others
By Region, Molded Fiber Trays Market is Segmented as:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
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