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Molded Fiber Packaging Market Trends

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

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Molded Fiber Packaging Market Trends

Sustainability remains a dominant trend, with a focus on reducing single-use plastics. Molded fiber packaging is highly favored for its eco-friendly properties, including biodegradability and compostability. The adoption of circular economy principles, which promote the reuse, recycling, and composting of materials, has led to increased interest in molded fiber packaging as it aligns with these principles.

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.