Molded fiber containers market is anticipated to grow at a CAGR of around 15% and is set to witness steady growth during the forecast period 2021-2031. Fiber molding happens to be an environmentally friendly technology that provides compostable food packaging containers.
One of the major growth drivers for the molded fiber containers happens to be the rising demand for ecological packaging solutions from consumers coupled with stringent regulations related to the usage of single use plastic containers.
Who are the Key Manufacturers and Suppliers of Molded Fiber Containers?
Some of the leading providers of molded fiber containers include
- PAPACKS Sales GmbH
- Huhtamaki Fiber and Foodservice E-A-O
- Brødrene Hartmann A/S
- UFP Technologies
- Thermoformed engineered Quality (TEQ) LLC
- Genpak LLC
- Eco-Products
- Pro-Pac Packaging
- PrimeWare-by PrimeLink Solutions
- Fabri-Kal
- Henry Molded Products
- EnviroPAK Corporation
- Genpak, LLC
- Fabri-Kal
- Pacific Pulp Molded
- Sabert Corporation
- Protopak Engineering Corporation
- Cellulose de la Loire
- Others.
Companies in the market are coming up with different products in order to enhance their product portfolio and meet the changing consumer demands. For instance, in February 2019, Genpak announced the addition of four new innovative designs to its Harvest Fiber line of earth-friendly food packaging with the introduction of four containers with unique compartment configurations.
What is Driving Demand for Molded Fiber Containers?
Molded fiber containers are manufactured with waste paper or other natural fibers and are recyclable along with other waste. They can also be destroyed without damaging incinerators. Moreover, there are no hazardous or toxic waste materials expelled into the environment.
Hence, molded fiber containers happen to be an environmentally friendly alternative to the single use plastics. Growing awareness regarding the greenhouse effect and global warming are the major factors responsible for driving the growth of molded fiber containers among the environmentally conscious consumers market across the globe.
Wood Pulp Segment is Expected to Hold the Largest Share of the Molded Fiber Containers Market by Source
On the basis of source, the sensor market has been bifurcated in to wood pulp and non-wood pulp. Out of which, the wood pulp segment is anticipated to account for the largest share of the global molded fiber containers sales. The growth of the segment can be attributed to the declining pulp prices in most of the regions over the past few years.
However, the non-wood source segment is anticipated to grow at the fastest CAGR over the forecast period. A large number of non-conventional raw materials are being explored and Companies operating in the market are making use of bamboo as a material for pulp manufacturing since bamboo plants can be easily cultivated in almost all regions. Moreover, higher rates of paper recycling in the developed economies of Europe and North America are anticipated to favor the growth of non-wood pulp segment.
US and Canada Molded Fiber Containers Demand Outlook
U.S. happens to be one of the largest markets for molded fiber containers across the globe. The growth in U.S. is attributed to the presence of a large number of food service outlets and restaurants in the region. Moreover, increase in disposable incomes coupled with a rise in dining out instance owing to the hectic lifestyles are further expected to boost the growth of molded fiber containers market in the North America region.
Europe Demand Outlook for Molded Fiber Containers
The demand for molded fiber containers in the Europe has been on the rise. With a growing number of food outlets and restaurants in the region, there has been a surge in the demand for sustainable packaging solutions too. Thereby driving the demand for molded fiber containers in the Europe region.
Moreover, the member countries of the European Union maintain strict regulatory regimes in order to keep a check on environmental impacts caused by waste disposal, mainly due to single use plastics. This happens to be another major reason responsible for the growth of molded fiber containers market in the region.
Key Segments
By Source:
- Wood Pulp
- Non-wood Pulp
By Molded Type:
- Thick Wall
- Transfer
- Thermoformed
- Processed
By Application:
- Food Packaging
- Food Service
- Electronics
- Healthcare
- Industrial
- Others
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