Global Molded Fiber Packaging Market is forecasted to grow at 5.6% with factors such as rise in the e-commerce, courier and food delivery services across the globe.
Molded fiber packaging market has shown an exceptional penetration in countries such as China, U.S. and Germany. Increasing preference for eco-friendly and biodegradable products for packaging. In developing countries, strong distribution networks including multi-brand stores and online retailers are creating opportunities for the global molded fiber packaging market.
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Molded Fiber Packaging Market Scenario
According to Data Bridge Market Research, the market for molded fiber packaging in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader is AFP, Inc., (a subsidiary of Sealed Air) which accounts for an estimated market share of approximately 11% to 14% in the global molded fiber packaging market. The company has gained outstanding sales through their industrial product which is protection solutions. For instance,
- In May 2018, Sonoco Products Company decided to start with digital printing on the packing products of all industries which help the brand to grow. This development helped the company to sell its packaging products and increased the revenue.
- In February 2017, AFP, Inc., (a subsidiary of Sealed Air) have acquired Springfield, MO's Engineered Packaging, Inc. 's (EPI) protective packaging division. This development helps the company to increase revenue.
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Trends Impacting the Market
Now the question is which other regions AFP, Inc., (a subsidiary of Sealed Air), Sonoco Products Company and Nippon Mold Industry Corporation are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific molded fiber packaging market and the market leaders targeting China, Japan and India to be their next revenue pockets for 2021.
The molded fiber packaging market is becoming more competitive every year with companies such as AFP, Inc., (a subsidiary of Sealed Air), Sonoco Products Company and Nippon Mold Industry Corporation as they are the market leaders for molded fiber packaging. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the molded fiber packaging market.
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Molded Fiber Packaging Market Development
In October 2020, Best Plus Pulp. have increased the investment in the production of egg cartons in the U.S. by seeing the prevailing demand in the country. This development helps the company to increase revenue.
Scope of the Molded Fiber Packaging Market
The molded fiber packaging market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East and Africa.
- All country based analysis of the molded fiber packaging market is further analyzed based on further segmentation. On the basis of type, the molded fiber packaging market is segmented into thick-wall, transfer molded, thermoformed fiber and processed pulp. On the basis of source, the molded fiber packaging market is segmented into wood pulp and non-wood pulp. On the basis of product, the molded fiber packaging market is segmented into trays, clamshell containers, boxes, end cap and others. On the basis of end user, the molded fiber packaging market is segmented into food and beverage, electronics, personal care, healthcare and others.
Key Pointers Covered in Molded Fiber Packaging Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different Regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competitiveness
Key Market Competitors Covered in the Report
- Huhtamaki
- Brødrene Hartmann A/S
- UFP Technologies, Inc.
- Henry Molded Products Inc.
- EnviroPAK
- Robert Cullen Ltd
- Heracles Packaging Co. S.A.
- James Cropper plc.
- buhl-paperform GmbH
- Pactiv LLC
- Footprint
- Dentas Romania S.R.L.
- FiberCel
- Nippon Mold Industry Corporation
- Okulovskaya Paper Factory
- Keiding, Inc.
- Atlantic Pulp
- Western Pulp Products Company
- Primapack SAE.
- Best Plus Pulp.
- AFP, Inc., (As a Subsidiary of Sealed Air)
- Sonoco Products Company
Global Molded Fiber Packaging Market Report Answers the Following Questions:
- What is the current size and growth rate of the Global Molded Fiber Packaging Market?
- What are the major drivers of the Global Molded Fiber Packaging Market?
- What are the major trends in the Global Molded Fiber Packaging Market?
- Who are the key players in the Global Molded Fiber Packaging Market?
- What is the market segmentation of the Global Molded Fiber Packaging Market by product type?
- What is the market segmentation of the Global Molded Fiber Packaging Market by end-user?
- What is the market segmentation of the Global Molded Fiber Packaging Market by region?
- What are the major challenges faced by the Global Molded Fiber Packaging Market?
- What are the opportunities for new players in the Global Molded Fiber Packaging Market?
- What is the future outlook for the Global Molded Fiber Packaging Market?
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