Molded Fiber Bowls Market Overview, Data Updates, Reports Analysis & Forecast | FMI

ByNiranjan karde

The global molded fiber bowls market has been on a steady growth trajectory, with a 4.2% CAGR expected to propel its valuation to US$ 297 Mn by 2032. In 2021, the market was valued at US$ 189 Mn, and this figure is anticipated to rise to US$ 197 Mn in 2022. A significant factor contributing to this growth is the increasing demand for molded fiber bowls in the food service sector, particularly in quick-service restaurants (QSR) and other food outlets.

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The year 2021 saw a notable 3.1% YoY growth in the global demand for thermoformed bowls, amounting to US$ 40 Mn. However, over the assessment period, it is anticipated that transfer molded bowls will gain traction in comparison to the thermoformed bowls segment, reflecting evolving consumer preferences and industry trends.

The food service industry’s adoption of molded fiber bowls has been instrumental in driving demand, as these eco-friendly and versatile bowls offer a sustainable and convenient packaging solution. As QSRs and food service outlets continue to embrace molded fiber bowls for serving a variety of dishes, the market is poised for further expansion in the years to come.

Furthermore, most QSRs limit their expenditures to cleaning and reserving used containers. As a result, the usage of food service disposable containers such as molded fiber bowls, cups, plates, cutlery, and other items allows food-chain operators to reduce labor costs and focus on enhancing customer service and quality.

Surging demand for sustainable packaging solutions across the globe is compelling manufacturers to expand their production facilities and to install technologically advanced manufacturing equipment.

For instance, in June 2021, Jefferson Enterprise Energy and Zume announced a joint venture for creating one of the world’s first entirely renewable energy-powered manufacturing facilities that will produce compostable molded fiber products such as bowls, clamshells, etc. Through this partnership, the companies are planning to support the increasing demand for molded fiber products in North America.

Similarly, in Asia Parason Machinery partnered with Zume Inc. and installed a machine line for compostable and eco-friendly tableware manufacturing technology to boost the molded fiber product line.

Key Takeaways:

  • Sales of thermoformed bowls to remain high through 2032.
  • The sales of molded fiber bowls through offline channel is estimated to increase by 2x times in comparison with sales registred 2021.
  • Food service outlets are estimated to create an incremental opportunity of US$ 63 Mn by the end of 2032.
  • The U.S. molded fiber bowls market will account for 25% of the North America market share over the forecast period.
  • India will emerge as a lucrative pocket, with sales growing by 2x during the assessment period.

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Market By Category

By Molded Pulp Type:

  • Thick Walled
  • Processed Pulp
  • Thermoformed
  • Transfer Molded

By Distribution Channel:

  • Online
  • Offline

By End User:

  • Food Service Outlets
  • Hotels
  • Restaurant & Cafes
  • Quick Service Restaurants (QSR)
  • Household

By Region:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • East Asia
  • South Asia
  • Oceania