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

ByNiranjan karde

The global molded fiber trays market is on a trajectory of significant growth, estimated at US$ 2.6 billion in 2022 and projected to reach an impressive US$ 4.3 billion by 2032, boasting a robust CAGR of 5.0%. This expansion is primarily driven by increasing consumer awareness of sustainable packaging practices and the growing preference for molded fiber solutions.

Sustainable packaging trends are a key catalyst for this growth, with a 5% annual increase expected between 2021 and 2032. The analysis suggests that molded fiber trays will continually generate rising revenue, offering an incremental opportunity of US$ 1.7 billion during this period.

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The market is set to expand significantly, with a projected 1.6x increase in value over the next decade. The top 5 companies are expected to dominate, accounting for 20-25% of the overall market share in 2022.

Moreover, multi-cavity molded fiber trays, known for their versatility in protecting and storing various contents simultaneously, are forecasted to experience robust growth at a CAGR of 6.0% from 2022 to 2032.

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Key Takeaways

  • Transfer molded is the most preferred molded pulp type for manufacturing molded fiber trays. The target segment is projected to hold around 54% of the market value share by the end of 2032
  • By product type, the multi cavity molded fiber trays segment is anticipated to expand at a CAGR of 6.0% during 2022-2032. As the multi cavity molded fiber trays can carry a variety of content in a single piece attracts the end use industries.
  • As the consumer & end-users are more concerned about the environmental impact of various packaging formats, they prefer sustainable & recyclable packaging solutions along with protective packaging.

This is anticipated to propel the demand for molded fiber trays in the food & beverage industry. The food & beverage industry is anticipated to create a growth opportunity of US$ 854.3 Mn during 2022-2032.

  • North America and Europe are estimated to account for more than 50% of sales of molded fiber trays during the forecast period.

Molded Fiber Trays Market by Category

By Molded Pulp Type:

  • Thick Wall
  • Transfer Molded
  • Thermoformed Fiber
  • Processed Pulp

By Product Type:

  • Single Cavity Molded Fiber Trays
  • Multi Cavity Molded Fiber Trays

By End Use:

  • Consumer Durables
  • Food & Beverage
  • Healthcare
  • Automotive
  • Foodservice
  • Others

By Region:

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