Moulded Fibre Packaging Market Outlook
According to the report by Expert Market Research (EMR), the global moulded fibre packaging market size reached a value of USD 4.82 billion in 2023. Aided by increasing demand for sustainable and eco-friendly packaging solutions across various sectors, including food and beverage, electronics, and healthcare, the market is projected to further grow at a CAGR of 4.70% between 2024 and 2032 to reach a value of USD 7.23 billion by 2032.
Moulded fibre packaging, made primarily from recycled paper or natural fibres, is known for its high sustainability, biodegradability, and recyclability. This packaging type encompasses a range of products such as trays, clamshells, containers, and end caps, which are widely used for protective and unit packaging. It is especially popular in food packaging, being used for eggs, fruits, wines, and other sensitive products due to its shock-absorbing and cushioning properties.
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The primary driver of the moulded fibre packaging market growth is the growing environmental awareness among consumers and corporations, coupled with stringent governmental regulations on non-biodegradable plastics. As global attention on reducing plastic waste intensifies, companies are transitioning to moulded fibre alternatives to enhance their sustainability profiles and comply with regulations.
Another significant driver is the continuous innovation within the sector, leading to improved product designs and functionalities. Advanced technologies in fibre moulding and packaging are enabling the production of more durable and aesthetically appealing packaging solutions, expanding their applications beyond traditional uses, consequently driving up the moulded fibre packaging market share.
The expansion of the e-commerce sector globally is also propelling the demand for moulded fibre packaging. The need for protective packaging that ensures product safety during transit while adhering to environmental standards is critical in this sector.
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The market is expected to witness a significant presence in electronics due to the growing demand for electronic devices, increased shipping activities, and the rising significance of sustainable packaging. Electronics, being delicate in nature, necessitate meticulous packaging to safeguard them from damage during transportation and storage. Moulded fibre pulp is widely employed for packaging electronic devices as it offers excellent resistance to compression, shock absorption, and protection against heat and atmospheric conditions during handling and shipping. Moreover, the cushioning and bracing capabilities of moulded fibre packaging further enhance its suitability for electronics.
As per the moulded fibre packaging market analysis, North America currently leads the global moulded fibre packaging market due to high consumer awareness about sustainable practices and the presence of stringent environmental regulations. The region’s robust food and beverage sector further drives the demand for eco-friendly packaging solutions.
Europe follows closely, with its strong emphasis on environmental conservation and substantial government support for green packaging initiatives. Countries like Germany, the UK, and France are at the forefront of adopting sustainable packaging solutions.
The Asia-Pacific region is expected to exhibit the fastest growth in the moulded fibre packaging market. This growth is driven by rapid urbanisation, the expansion of the manufacturing sector, and increasing environmental concerns in countries such as China, India, and Japan.
Moulded Fibre Packaging Market Segmentation
The market can be divided based on the product, type, source, end-use, and region
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 mergers and acquisitions, among other major developments, of the leading companies operating in global moulded fibre packaging market. Some of the major 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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