Molded Pulp Trays Market Overview
The Global Molded Fiber Packaging Market is expected to expand at 4.90% CAGR during the forecast period, asserts Market Research Future (MRFR) in its latest report. Demand from end-use verticals has increased substantially over time, which has reflected favourably on the market.
The vital factor driving the global Molded Pulp Trays Market growth is its eco-friendly nature. Other factors substantiating the market growth include growing urbanization, increasing industrialization, burgeoning electronics industry, increasing demand for recycled packaging, and rising disposable income of consumers.
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The market growth is also being influenced by the increased demand for environment-friendly protection packaging solutions. On the flipside, the fluctuation in raw material prices along with a fragmented distribution channel for raw material hampers the market growth to some extent. Increased research & development efforts in the packaging sector is also having positive influence on the market.
Molded Fiber Packaging Market: Competitors Analysis
Some of the leading market players mentioned in MRFR’s report include
Brødrene Hartmann A/S (Denmark)
Henry Molded Products Inc. (US)
Huhtamäki Oyj (Finland)
Robert Cullen Ltd (UK)
UFP Technologies, Inc., (US)
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MRFR’s report includes a detailed segmental analysis of the Molded Pulp Trays Market on the basis of end-use industry, product, source, and type.
On the basis of end-use, the market has been segmented into healthcare, personal care, electronics, food & beverage and others. The food & beverage segment currently accounts for the lion’s share of the market. This is primarily due to rising demand for products such as cup carrier, plates, egg trays and cartons, vegetable trays, clam-shell food containers, bowls, fruit, locator trays and food & serving trays.
On the basis of product, the market has been segmented into end cap, boxes, clamshell containers, trays and others. The trays segment currently commands the largest market share in terms of value. The segment’s growth is mainly owing to advances in shipping and storing processes.
On the basis of source, the market has been segmented into non-wood pulp and wood pulp. The wood pulp segment is expected to remain highly attractive during the assessment period. The segment is expected to benefit from the increased use of wood pulp due to its recyclable nature.
On the basis of type, the market has been segmented into processed pulp, thermoformed fiber, thick-wall and transfer molded. The transfer molded segment is expected to retain it top position throughout the assessment period. The segment’s growth can be attributed towards the increased usage of packaging product such as fruit and vegetable trays, wine shippers, end caps, egg cartons and trays and slipper pans.
Molded Pulp Trays Market: Regional Analysis
On the basis of region, the market has been segmented into the Middle East & Africa (MEA). Asia Pacific (APAC), Europe, North America and South America. It is projected that the APAC Molded Pulp Trays Market will exhibit a strong growth over the next couple of years. Factors such as widespread availability of raw materials and low-cost labour augers well for the region. In addition, the rapid expansion of the of the food and beverage sector in APAC is also a favourable factor. At the same time, the region has witnessed tremendous growth of the automotive sector. Sales of cars have growing manifold in Asia Pacific in recent years. China is likely to remain the most attractive destination for market players in the region during the forecast period. This is mainly owing to the growing dominance of China in the global automotive manufacturing market.
North America represents the second largest share of the global Molded Pulp Trays Market. The market in North America benefits from the presence of a vast packaging sector. Other factors such as strong demand for packaged food and beverage and robust R&D pipeline are also paving the way for the molded fiber food packaging market to expand. Packaging is an important area for the commercial sector owing to its impact on marketing, branding and safety.
Table Of Content
1 Executive Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 Market Structure
2.4 Key Buying Criteria
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
4.6 List Of Assumptions
4.7 Macro Factor Indicators Analysis
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List Of Figures
Figure 1 Market Synopsis
Figure 2 Market Attractiveness Analysis: Global Molded Fiber Packaging Market
Figure 3 Global Molded Fiber Packaging Market Analysis, By Product
Figure 4 Global Molded Fiber Packaging Market Analysis, By Type
Figure 5 Global Molded Fiber Packaging Market Analysis, By Source
Figure 6 Global Molded Fiber Packaging Market Analysis, By End Use
About Market Research Future
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