The global molded fiber bowls market is expected to reach a value of US$ 196.9 million in 2022, with sales growing at a CAGR of 4.2% over the forecast period.
Molded fiber bowls have gained popularity in the foodservice industry as a convenient, cost-effective, and biodegradable packaging solution. In addition to their functional characteristics such as affordability and cleanliness, molded fiber bowls offer easy stackability and grab-and-go features.
The increasing preference for home delivery of ready-to-eat food through online food service platforms has significantly driven the molded fiber bowls market in recent years. Sales are expected to be fueled by large multinational quick-service restaurants (QSRs) across different countries, as well as the growing presence of QSRs in emerging economies.
Moreover, many QSRs prefer to use disposable foodservice containers like molded fiber bowls, cups, plates, and cutlery, as it allows them to minimize labor costs associated with cleaning and reusing containers. This enables food-chain operators to focus on improving customer service and quality.
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The rising demand for sustainable packaging solutions worldwide has compelled manufacturers to expand their production facilities and invest in technologically advanced manufacturing equipment. For example, in June 2021, Jefferson Enterprise Energy and Zume announced a joint venture to establish one of the world’s first renewable energy-powered manufacturing facilities. This facility will produce compostable molded fiber products, including bowls and clamshells, to meet the increasing demand in North America.
Similarly, in Asia, Parason Machinery partnered with Zume Inc. to install a machine line for compostable and eco-friendly tableware manufacturing technology, aiming to enhance their molded fiber product line.
These initiatives highlight the industry’s commitment to sustainable practices and the development of environmentally friendly packaging solutions in response to growing market demand
“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.
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.
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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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