Molded fiber is also known as molded pulp packaging. Molded fiber packaging is a kind of protective packaging used for packaging and handling of many products, across end-use industries such as food and beverage, electronic and personal care.
The major factors driving the growth of molded fiber packaging market, are rising urbanization and increasing consciousness for better packaging, majorly in the food and beverage industry for products such as eggs. Molded fiber packaging provides protection and prevents breakage during transit across the supply chain. The increasing environmental awareness among people is also leading to the increased use of molded fiber packaging, which can easily be decomposed by micro-organisms.
The molded fiber packaging market is expected to grow at 7% CAGR during the forecast period.
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Regional Analysis of Global Molded Fiber Packaging Market
The North America region is expected to dominate the growth of the molded fiber packaging market, owing to the increase in demand for consumer goods such as food & beverage and household products and the need for their efficient packaging. The Asia-Pacific region is also expected to grow, owing to the existence of a large number of manufacturers in the region and increase in demand of molded fiber packaging by them.
The key players of global molded fiber packaging market include Huhtamaki (Finland), UFP Technologies, Inc. (U.S.), Moulded Fibre Product Ltd. (U.K.), Henry Moulded Products Inc. (U.S.), Brødrene Hartmann A/S (Denmark), Cullen Packaging Ltd. (U.K.), EnviroPAK Corporation (U.S.), Heracles Packaging Company SA (Greece), Keiding, Inc. (U.S.), and Hurley Packaging of Texas (U.S.).
The report for Global Molded fiber packaging market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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