Between 2022 and 2032, the moulded fibre trays market will expand consistently at a 5% CAGR. Moulded fibre trays are environmentally friendly packaging options created from recycled materials.
Newspapers, papers, cardboard, and other waste products are among these recycled items. Moulded fibre trays are made from recycled materials and have additional environmental advantages due to their ability to be recycled, biodegradable, and composted.
This aids in minimising environmental effect, which is currently a major priority for almost all end-use sectors. Depending on the needs of the end users, different types of moulded pulp, such as transfer moulded, thick wall, thermoforming pulp, and others, are used to make moulded fibre trays. The consumer durables, food & beverage, healthcare, automotive, food services, electronics, and other end-use industries all employ these trays.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14609
Additionally, because of its superior vibration dampening & cushioning qualities, which guard the product from harm during transit, moulded fibre trays are employed as a protective alternative. Thus, it is projected that sales of moulded fibre trays would increase as a result of rising consumer awareness of and demand for environmentally friendly, sustainable, and protective packaging solutions.
“The surging focus on sustainable and eco-friendly packaging solutions will bolster the demand for molded fiber trays. Also, the innovation and development initiatives undertaken by the key players operating in the molded fiber trays are creating impressive prospects for growth”- says an FMI analyst.
Future Market Insights forecasts that there are various opportunities for the players operating in the molded fiber trays market, especially for the companies investing significantly in R&D to develop more efficient, innovative, and cost-effective solutions.
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.
Get 20% Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-14609
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.
For instance, Samsung announced the replacement of its plastic holder trays with molded fiber in 2019. Apple also reduced its plastic packaging by 48% by opting for molded fiber. Thus, consumer electronics manufacturers shifting towards sustainable packaging solutions are creating growth opportunities for the molded fiber trays market.
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.
To Gain In-Depth Insights on Market, Request Methodology @https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14609
Molded Fiber Trays Market by Category
By Molded Pulp Type:
- Thick Wall
- Transfer Molded
- Thermoformed Fiber
- Processed Pulp
By Product Type:
- Single Cavity Molded Fiber Trays
- Multi Cavity Molded Fiber Trays
By End Use:
- Consumer Durables
- Food & Beverage
- Healthcare
- Automotive
- Foodservice
- Others
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com