According to the report by Expert Market Research (EMR), the global moulded fibre packaging market size reached a value of USD 4.6 billion in 2022. Aided by the rising demand for sustainable packaging and the growing demand for secure packaging of food and beverage products, the market is projected to further grow at a CAGR of 4.70% between 2023 and 2028 to reach a value of USD 6.02 billion by 2028.
Moulded fibre packaging is an eco-friendly packaging option manufactured from recycled paper and cardboard. This packaging type is widely used in various industries such as food and beverages, consumer electronics, automotive, healthcare, and personal care. Moulded fibre packaging offers several advantages including high strength-to-weight ratio, shock and vibration absorption, and resistance to moisture, making it ideal for protecting delicate items during transport and storage.
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The increasing consumer preference for environmentally friendly products is significantly driving the global moulded fibre packaging market growth. With growing awareness about environmental sustainability and the harmful effects of plastic pollution, there has been a remarkable shift towards packaging solutions that are recyclable, biodegradable, and have minimal environmental impact. This shift is leading to a surge in demand for moulded fibre packaging solutions. Furthermore, the rising emphasis on waste reduction and recycling initiatives has further fuelled the popularity of moulded fibre packaging.
The expanding applications of moulded fibre packaging in various sectors play a key role in propelling the moulded fibre packaging market demand. In the food and beverage industry, moulded fibre packaging is used for packaging fresh produce, eggs, and takeaway meals. The electronics industry utilises moulded fibre packaging for the safe transport of consumer electronics, while the automotive industry uses it for the packaging of automotive parts. Furthermore, moulded fibre packaging is also increasingly used in the healthcare industry for the packaging of medical equipment and pharmaceuticals due to its biodegradability and sterile nature, thus increasing the moulded fibre packaging market demand.
Moreover, the growing demand for sustainable and renewable alternatives in the packaging industry has led to an increased focus on moulded fibre packaging as a viable substitute for plastic-based packaging. With the rise of eco-conscious consumers and the increasing legislation against single-use plastics, moulded fibre packaging has emerged as a critical solution in the evolution towards more sustainable and circular economies, thereby bolstering the moulded fibre packaging market expansion.
Moulded Fibre Packaging Market Segmentation
The market can be divided based on product, type, source, end use, and region.
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Market Breakup by Product
• Trays
• Clamshell Containers
• Boxes
• End Caps
• Others
Market Breakup by Type
• Thick-Wall
• Transfer Moulded
• Thermoformed Fibre
• Processed Pulp
Market Breakup by Source
• Wood Pulp
• Non-Wood Pulp
Market Breakup by End Use
• Food and Beverage
• Electronics
• Personal Care
• Healthcare
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global moulded fibre packaging companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Brødrene Hartmann A/S
• CKF, Inc.
• Orcon Industries
• Henry Moulded Products Inc.
• Primapack
• Others
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