"Binding Intellectual insights for your Business"

Molded Fiber Packaging Market Size, Share & COVID-19 Impact Analysis, By Pulp Type (Thick Wall, Transfer Molded, Thermoformed Fiber, and Processed Pulp), By Product Type (Trays, Boxes & Cartons, Clamshells, Inserts & Dividers, Cups & Bowls, and Others), By Application (Food & Beverage, Electrical & Electronics, Automotive, Healthcare, Industrial, and Others), and Regional Forecast, 2023-2030

Last Updated: May 13, 2024 | Format: PDF | Report ID: FBI104894

 

KEY MARKET INSIGHTS

The global molded fiber packaging market was valued at USD 7.68 billion in 2022 and is projected to grow from USD 8.13 billion in 2023 to USD 12.56 billion by 2030, exhibiting a CAGR of 6.41% during the forecast period.


Molded fiber packaging is a versatile and environmentally friendly packaging solution made from recycled paper materials. It offers excellent cushioning protection and sustainability, making it the best choice for several industries.


The molded fiber packaging market growth in the last few years, driven by factors such as strict regulations on plastic waste, rising demand for eco-friendly packaging, and increasing focus on sustainable practices was noteworthy.


COVID-19 IMPACT


Halt in Business Activities Owing to Mandatory Lockdowns led to Negative Impact on the Market


The coronavirus pandemic affected every industry, including the packaging sector. The pandemic affected this industry on an unparalleled scale, accelerating existing trends and upending various aspects of the industry. Before the pandemic, online shopping was moving in a positive direction, with conveniences such as meal kits and grocery delivery services steadily gaining popularity. However, mandatory lockdowns and precautionary measures brought all activities to a standstill, resulting in a reduction in people’s disposable income and negatively impacting the market. However, after the pandemic, the increasing concern for the environment and thriving demand for sustainable products led to the revival of the market.


Molded Fiber Packaging Market Trends


Growing Preference for Consuming Sustainable and Eco-Friendly Products is emerging as a New Trend


As global environmental challenges intensify, sustainability has become a focus for consumers across several industries. Driven by ethical consumerism, raising awareness, and the influence of younger generations, this shift in consumer behavior has pushed producers to create sustainable products.


For sustainable packaging, molded fibers made from quickly renewable fibers are often suitable as they are made from highly sustainable materials. Continuous efforts are aimed at reducing or eliminating the single-use plastic for packaging. This anti-plastic sentiment benefits the molded fiber packaging industry by promoting biodegradable alternatives. Moreover, government agencies and health-conscious consumers actively support the transition to environmentally friendly options. In addition, the pervasive problem of plastic waste presents significant opportunities for the players operating in this market. Molded fibers will continue to play an important role globally; even though the changes have occurred due to technological advancements, this industry is likely to flourish during the forecast period.


Request a Free sample to learn more about this report.


Molded Fiber Packaging Market Growth Factors


Surging Food & Beverage Industry is Likely to Drive the Market Growth


The global molded fiber packaging market share is anticipated to continue its growth curve. This growth is determined by rising demand for sustainable and environmentally friendly packaging options and growing consumer awareness of the environmental impact of packaging waste.


The increasing demand for packaging in the food and beverages sector, encompassing eggs, poultry, meat, fruits, vegetables, and beverages underscores the importance of packaging. These types of packaging products are a desirable option for the food and beverage sector as they preserve the freshness and quality of packaged items while being biodegradable and compostable.


The growing food and beverage industry with the growing online outlets is one of the main reasons for the growth of this market. In addition, increased consumption of eggs and vegetables as part of healthy diet is amplifying the demand for molded fiber packaging products.


Thriving E-commerce Industry is Poised to Enhance the Market Growth


The swift growth of the e-commerce industry has led to increased demand for sustainable and innovative packaging solutions. This type of packaging provides excellent protection for products from food & beverage, electrical and electronics, and industrial during shipping and handling. Its shock-absorbing properties and structural integrity helps to minimize the risk of damage during transport.


E-commerce companies are increasingly placing more emphasis on sustainability and are looking for environmentally friendly packaging alternatives. It is made from recycled materials and is compostable and fully biodegradable, decreasing environmental impact compared to traditional packaging materials such as plastic. This packaging is transforming the e-commerce industry by providing superior product protection, customizability, sustainability, and cost-effectiveness. As e-commerce continues to grow, the demand for innovative and environmentally friendly packaging solutions will persist, driving the adoption of molded fibers. Leveraging these advantages enables e-commerce merchants to improve customer experience, reduce their environmental impact, and differentiate themselves in a competitive market.


RESTRAINING FACTORS


High Production Cost and Material Sourcing is a Key Challenges to this Market


A key challenge in the global molded fiber packaging market is verifying a constant and sustainable supply of raw materials such as natural fibers or recycled paper pulp. Fluctuations in material availability and quality can disturb production processes and affect product quality. Producers must build resilient supply chains to meet this challenge and ensure a continuous flow of materials for manufacturing, especially as demand for this packaging continues to rise.


One of the challenges in this market is the initial production costs. Although molded fibers are environmentally friendly, set-up and maintenance costs of the manufacturing processes can be expensive. These costs may deter some companies from adopting molded fiber packaging. However, as technological advances and economies of scale are realized, this limitation may be alleviated over time.


Molded Fiber Packaging Market Segmentation Analysis


By Pulp Type Analysis


Increasing Use of Transfer Molded Pulp in Various Applications is Boosting the Growth of Transfer Molded Segment


Based on the pulp type, the market is segmented into thick walls, transfer molded, thermoformed fiber, and processed pulp.


Transfer molded pulp segment holds the largest share in this market. It is slightly thinner compared to the other pulp types. Both sides are finished properly, offering a polished look and texture. The most common applications include fruit and vegetable trays, egg trays, wine shippers, slipper pans, and end caps. The increasing demand for these products globally is leading to high demand for transfer molded pulp, contributing to the growth of this segment.


Thermoformed pulp is the second dominating segment in this market. It is used to make the material denser and create specific-shaped products. Due to their super-finished look, they are frequently used for refined molded tableware such as dinner plates, trays, cups, and soup bowls, thereby enhancing the growth of the segment.


By Product Type Analysis


Trays Segment Dominates the Market owing to its Ability to Offer Potential Benefits


Based on the product type, the market is segmented into trays, boxes & cartons, clamshells, inserts & dividers, cups & bowls, and others.


Trays are the dominating segment of this market. The excellent functionality and convenience offered by trays are bolstering the growth of this segment. Increased consumption of dairy products such as eggs and fruits & vegetables, drives the demand for trays, with their ease of handling during transportation further enhancing the growth of this segment.


Clamshells is the second largest segment of this market. The growing online food market and high demand for packaged food are augmenting the growth of this segment.


By Application Analysis


To know how our report can help streamline your business, Speak to Analyst


Increasing Consumption of Dairy Products and Fruits & Vegetables is Enhancing the Growth of Food & Beverage Segment


Based on the application, the market is segmented into food & beverage, electrical & electronics, automotive, healthcare, industrial, and others.


Food & beverage is the leading segment of this market, driven by a rising demand for eggs, fruits, and vegetables. The porous fiber material of molded fiber provides better ventilation and shock absorption, safeguarding eggs from breaking during rough handling and keep products free from infections. Apart from providing continuous ventilation through the micropores, the porous nature of the molded fiber absorbs moisture from fruits and vegetables. Thus, molded pulp packaging products can keep their freshness intact for longer, leading to a reduction in food waste. In the period of supermarkets, attractive packaging is also necessary for fruit and vegetables. Colored and printed molded pulp trays have proven to be beneficial in packaging goods attractively, contributing to the growth of this segment.


Electrical & Electronics is the second leading segment of this market. Continuous digitalization and dependence on electronic products have increased the demand for molded fiber packaging products. These products protect electrical products during transit and ensure proper handling until they reach the end user.


REGIONAL MOLDED FIBER PACKAGING MARKET ANALYSIS


Based on geography, the market is analyzed across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.


North America Molded Fiber Packaging Market Size, 2022 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


North America is the leading region of this market. Increasing food waste in the region has surged the demand for convenient packaging. The presence of the key players and their growing investments in the molded fiber industry is driving the growth of this region. For instance, in 2022 CKF Inc., with Scotia Investments Limited (SIL), purchased UFP’s Molded Fiber Technology Inc. (MFT) to deliver sustainable solutions to customers.


Asia Pacific is the second dominating and fastest-growing region of this market. The increasing demand for the food & beverage industry and the presence of one of the biggest electrical and electronics producers, such as China, is bolstering the growth of this region.


Europe is growing at a significant rate. The awareness among people regarding the use of sustainable packaging products to reduce packaging waste has raised the demand for molded fiber products. Moreover, the continuous innovative development of packaging products is bolstering the growth of this region. For instance, on 2023, Omni-Pac Group, a molded fiber packaging provider, has partnered with HP to digitize and transform the production of molded fiber on an industrial level. In this partnership, the company will revolutionize the development, launch, and production of molded fiber applications at an industrial scale.


Latin America is expected to grow moderately due to attractive investments from other regions and growing online food outlets in the region.


Middle East & Africa is anticipated to grow at a steady rate due to the growing industrial development in a sustainable way.


LIST OF MAJOR COMPANIES IN THE MOLDED FIBER PACKAGING MARKET


Expansion of Business by Key Participants in the Market is Leading to Significant Growth Opportunities


The global market is highly fragmented and competitive. In terms of market share, there are few major market players that leads the market as they offer innovative packaging in the industry. These leading players constantly put their focus on the expansion of their customer base in various regions and also focus on innovation.


Major players operating in the global market include Sonoco Product Company, Robert Cullen Ltd, Hartmann, CKF Inc., FiberCel Packaging LLC, and others. Numerous other players operating in the industry are focused on delivering advanced packaging solutions.


LIST OF KEY COMPANIES PROFILED:



  • Sonoco Product Company (U.S.)

  • Robert Cullen Ltd (U.K.)

  • Hartmann (Denmark)

  • CKF Inc. (Canada)

  • FiberCel Packaging LLC (U.S.)

  • Huhtamäki Oyj (Finland)

  • Green packing Environmental Protection Technology Co., Ltd. (China)

  • Dongguan City Luheng Papers Company Ltd. (China)

  • Keiding, Inc.(U.S.)

  • Pacific Pulp Molding, LLC (U.S.)

  • Pactive Evergreen (U.S.)

  • Prima Pack (Egypt)

  • Dynamic Fibre Moulding (PTY) Ltd. (South Africa)


KEY INDUSTRY DEVELOPMENTS:



  • September 2023 - Guamolsa, a part of Molpack Corporation, one of Latin America's leading providers of molded fiber packaging, partnered with HP to digitize and transform the industrial production of molded fiber products. Molpack is making significant progress in reducing carbon emissions and replacing single-use plastics with more sustainable packaging solutions through this revolutionary collaboration.

  • June 2022 - Huhtamaki announced its plans to expand its molded fiber product manufacturing unit in Indiana, U.S., as a part of its investment in Fiber Solutions. The USD 100 million investment would help the company to better serve new and existing customers in North America. This financial commitment supported the development and production of a broad range of fully recyclable, sustainable, and compostable, fiber-based packaging solutions, all manufactured from 100% recycled North American raw materials.

  • November 2021 - Sonoco expanded its focus on sustainable packaging by adding recyclable molded fiber packaging for refrigerated and frozen meals in partnership with Tellus Products, LLC.

  • October 2021 - AR Packaging launched a fiber-based tray intended for modified atmosphere packaging of ready meals and other chilled foods. The fully recyclable TrayLite solution offered a convenient and efficient substitute for full plastic barrier trays, reducing plastics by 85%.

  • October 2021 - Arctic Paper and Rottneros signed a Letter of Intent concerning a 50/50 joint venture in Kostrzyn, Poland, intending to build a factory for molded fiber trays. The commencement of operations for the new factory is estimated to generate an annual revenue of USD 9.46 million by the end of 2023.


REPORT COVERAGE


An Infographic Representation of Molded Fiber Packaging Market

To get information on various segments, share your queries with us



The market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies and their product launches, competitive landscape, product/service types, Porter’s five forces analysis, and leading end-use industries for the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the above factors, the report encompasses several factors that contributed to the market's growth in recent years.


REPORT SCOPE & SEGMENTATION



















































ATTRIBUTE



DETAILS



Study Period



2017-2030



Base Year



2022



Estimated Year 



2023



Forecast Period



2023-2030



Historical Period



2017-2021



Growth Rate



CAGR of 6.41% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Pulp Type



  • Thick wall

  • Transfer Molded

  • Thermoformed Fiber

  • Processed Pulp



By Product Type



  • Trays

  • Boxes & Cartons

  • Clamshells

  • Inserts & Dividers

  • Cups & Bowls

  • Others



By Application



  • Food & Beverage

  • Electrical & Electronics

  • Automotive

  • Healthcare

  • Industrial

  • Others



By Region



  • North America (By Pulp Type, By Product Type, By Application, and Country)

    • U.S. (By Application)

    • Canada (By Application)



  • Europe (By Pulp Type, By Product Type, By Application, and Country)

    • Germany (By Application)

    • U.K. (By Application)

    • France (By Application)

    • Italy (By Application)

    • Spain (By Application)

    • Russia (By Application)

    • Poland (By Application)

    • Romania (By Application)

    • Rest of Europe (By Application)



  • Asia Pacific (By Pulp Type, By Product Type, By Application, and Country)

    • China (By Application)

    • India (By Application)

    • Japan(By Application)

    • Australia (By Application)

    • South Korea (By Application)

    • Southeast Asia (By Application)

    • Rest of Asia Pacific (By Application)



  • Latin America (By Pulp Type, By Product Type, By Application, and Country)

    • Brazil (By Application)

    • Mexico (By Application)

    • Argentina (By Application)

    • Rest of Latin America (By Application)



  • The Middle East & Africa (By Pulp Type, By Product Type, By Application, and Country)

    • Saudi Arabia (By Application)

    • U.A.E. (By Application)

    • Oman (By Application)

    • South Africa (By Application)

    • Rest of Middle East and Africa (By Application)








Frequently Asked Questions

According to Fortune Business Insights, the global market was USD 7.68 billion in 2022.

The global market is projected to grow at a compound annual growth rate CAGR of 6.41% in the forecasted period.

The market size of North America stood at USD 3.04 billion in 2022.

Based on the pulp type, the transformed molded pulp type segment dominates the global market share due to the increasing use of transfer molded pulp in various applications.

The global market size is expected to reach USD 12.56 billion by 2030.

The key market drivers are the thriving e-commerce industry and the surging food & beverage industry.

The top players in the market are Sonoco Product Company, Robert Cullen Ltd, Hartmann, CKF Inc., and FiberCel Packaging LLC, among others.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2017-2030
  • 2022
  • 2017-2021
  • 220

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X