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Molded Fiber Packaging Market Analysis

Report ID: GMI6763
Published Date: Sep 2023
Report Format: PDF

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Molded Fiber Packaging Market Analysis

Molded Fiber Packaging Market Size, By Material Type, 2021 - 2032 (USD Billion)

Based on material type, the molded fiber packaging market is segmented as recycled paper pulp, virgin paper pulp, mixed pulp. Recycled Paper Pulp held a majority market value of USD 3280.6 million in 2022. Growing environmental awareness and the demand for eco-friendly packaging solutions drive the use of recycled paperboard in molded fiber packaging.

Molded Fiber Packaging Market Revenue Share, By Application, (2022)

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Based on product type, the molded fiber packaging market is segmented as trays, containers, clamshells, bowls, plates, egg cartons, cup carriers, others. Trays held a dominant market share of around 30% in 2022. The food industry demands molded fiber trays for applications such as meat, poultry, fruit, and egg packaging due to their excellent moisture absorption, ventilation, and protective properties.

Based on packaging application, the molded fiber packaging market is segmented as protective packaging, food service packaging, electronics packaging, cosmetic and personal care packaging, agricultural packaging. Protective Packaging held a dominant market share in 2022 and is anticipated to grow at 4.5% CAGR till 2032. Electronics manufacturers require packaging materials with anti-static properties to protect sensitive electronic components during transportation and storage.

Based on end-use, the molded fiber packaging market is segmented as Food and Beverage, Electronics, Healthcare and Pharmaceuticals, Consumer Goods, Industrial Packaging, E-commerce and Retail, Agriculture, Others. Food and Beverage held a dominant market share in 2022. The food industry is increasingly focused on sustainable packaging to meet consumer preferences and regulatory requirements, driving the use of molded fiber.

U.S. Molded Fiber Market Revenue, 2021 - 2032 (USD Million)

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U.S. dominated the North American region with majority market share and a revenue of USD 1015.4 million in 2022. Many North American companies are committed to reducing plastic usage and finding alternatives like molded fiber to align with their sustainability goals.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for molded fiber packaging was USD 7040 million in 2022 and may reach USD 10,989 million by the end of 2032 due to the rising awareness of environmental issues and the strong desire to reduce plastic waste worldwide.

Molded fiber packaging from the recycled paper pulp material type segment reached USD 3280.6 million in 2022 driven by the surging environmental awareness and higher demand for eco-friendly packaging solutions.

Molded fiber packaging market size from the protective packaging application segment is anticipated to grow at 4.5% CAGR from 2023-2032 owing to the surging need to protect sensitive electronic components during transportation and storage.

U.S. industry size for molded fiber packaging was USD 1015.4 million in 2022 and may expand at significant pace from 2023-2032 due to the rising commitment for reducing plastic usage and finding alternatives in the country.