Molded Fiber Trays Market: Global Industry Analysis and Forecast (2023-2029)

Molded Fiber Trays Market was valued at US$ 2.42 Bn. in 2022. Global Molded Fiber Trays Market size is estimated to grow at a CAGR of 6.37%.
Molded Fiber Trays Market Overview:
Molded fiber trays have acquired popularity in the food and beverage packaging industry for their properties like sustainability, biodegradability, and environmental friendliness. Molded fiber trays, which are made from newsprint, corrugated boxes, or other plant fibers, are gaining popularity as an environmentally friendly packaging option for consumer durables and electronics, healthcare products, automotive and mechanical parts, and a variety of foods such as fruits and eggs.

Molded fibers trays are widely used in the transportation and logistics business to provide edge protection to cargo as they provide outstanding protection and ease of handling. A current market trend is driving the demand for molded fiber trays in developing e-commerce retail across the globe. The ability to mold molded fibers trays into any form or size, along with their environmental friendliness, contribute to the demand for the product in numerous packaging applications.To know about the Research Methodology :- Request Free Sample Report
Molded Fiber Trays Market Dynamics:
Molded fiber trays have a wide range of applications in the packaging of food items such as eggs, frozen food, fruits and vegetables, and so on. They help to protect food items from environmental elements such as air and sunlight, which have a negative impact on them, leading to boost the use of molded fiber trays across the globe. In addition, these trays are constructed from 100% recyclable materials such as paper and paperboards, making them perfect for environmentally responsible product packaging, which in turn is expected to fuel the molded market growth throughout the forecast period.

The molded fiber trays are highly environment friendly and biodegradable, which meets consumer needs and expectations regarding packaging excellence and ecological development along with responsibility. The manufacturing process of molded fiber trays has no wastages, as all residue and water are reused and recycled. As a result, these factors are driving the molded fiber trays market growth across the globe.

Molded fiber trays versatility and capacity to generate infinite shapes are helping to drive up the use of molded fiber in packaging applications. The molded fiber processing methods advance and improve, including the usage of 3D printing is supporting the growth of the product. The growing need for molded fiber trays in the food and beverage industry, which comprises food and beverage packaging along with disposable food and beverage packaging is boosting the molded fiber trays market growth across the globe.
Molded Fiber Trays Market Segment Analysis:
Based on the Type, the Molded Fiber Trays Market is segmented into Thermoformed Fiber, Transfer Molded, Processed Pulp, and Others. The Processed Pulp segment held the largest market share, accounting for 43.67% in 2022. The segment growth is attributed to the growing adoption of the segment, thanks to its beneficial properties including adaptability, electrically neutrality, and improved bracing, blocking, and cushioning protection capabilities. The material has undergone some form of secondary processing, which distinguishes it from other types by adding a process to the primary manufacturing process or any of the other operations. In the Processed Pulp segment, the countries, such as the US, Canada, Japan, China, and the UK are expected to grow with a CAGR of 4.3% over the forecast period.

Based on the Application, the Molded Fiber Trays Market is segmented into Food & Beverages Packaging, Consumer Durables & Electronics, Automotive Parts Packaging, Healthcare Products Packaging, and Others. The Food & Beverages Packaging segment held the largest market share, accounting for 51.7% in 2022. The growing adoption of molded fiber trays in food & beverages packaging is driving market growth across the globe. The Food & Beverage packaging market was valued at US$ 33.79 billion in 2022 and is expected to grow at a CAGR of 28.33% during the forecast period, which in turn is expected to boost the molded fiber trays market growth over the forecast period.

The Automotive parts packaging segment is expected to witness significant growth at a CAGR of 5.89% during the forecast period. The usage of lightweight and sustainable materials as a substitute for metals, which are used to improve vehicle performance, has raised demand across the globe. Molded fiber packaging is becoming more used in the automobile sector for components like car seats, dashboards, and door panels, which are boosting the molded fiber trays market growth for this segment.
Molded Fiber Trays Market Regional Insights:
Asia Pacific region held the largest market share accounted for 36.81% in 2022. The region's growth is attributed to the significant growth of the food and beverage industry leads to the growing use of molded fiber trays for packaging. The growing pre-packaged food consumption among the working population is also boosting the product demand in the region. In addition, the abundant availability of labor and raw materials required for the low-cost production of these trays are expected to fuel the molded fiber trays market growth over the forecast period.

The Europe region is expected to grow with significant growth at a CAGR of 5.48% through the forecast period. With the current developments in processing and packaging technologies, along with increased demand for sustainable packaging solutions, the molded fibre trays market in Europe is expected to generate considerable revenue shares throughout the forecast period. The North American region is expected to witness significant growth at a CAGR of 6.49% during the forecast period Growing number of modern retail stores offering packaged food goods and the rapid growth of the food processing industry are driving the molded fiber trays market growth through the forecast period.

The objective of the report is to present a comprehensive analysis of the global Molded Fiber Trays Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Molded market dynamic, structure by analyzing the market segments and projecting the Molded market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Molded Fiber Trays Market make the report investor’s guide.
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Molded Fiber Trays Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.42 Bn.


Forecast Period 2023 to 2029 CAGR:
6.37%
Market Size in 2029:
US $ 3.72 Bn.


 Segments Covered:
by Type
Thermoformed Fiber
Transfer Molded
Processed Pulp
Others


by Application
Food & Beverages Packaging
Consumer Durables & Electronics
Automotive Parts Packaging
Healthcare Products Packaging
Others



Molded Fiber Trays Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Molded Fiber Trays Market Key Players
1.Fibercel Packaging LLC
2.UFP Technologies, Inc.
3.Henry Molded Products, Inc.
4.Huhtamaki
5.Pactiv LLC
6.Vernacare Limited
7.Orcon Industries Corporation
8.Sealed Air (AFP)
9.EnviroPAK
10.Western Pulp
11.Henry Molded Products
12.KEYES Packaging Group
13.Cullen
14.DFM Packaging Solutions
15.CDL Omni-Pac
16.Paishing Technology
17.Buhl Paperform GmbH,
18.Okulovskaya Paper Factory
19.TRIDAS Ltd,
20.Nippon Molding
21.Dentas Paper Industry
22.Cemosa
23.Lihua Group,
24.KINYI Technology,
25.Shenzhen Prince
26.Yulin Paper Products

Frequently Asked Questions:

1. Which region has the largest share in Global Molded Fiber Trays Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Molded Fiber Trays Market?
Ans: The Global Molded market is growing at a CAGR of 6.37% during forecasting period 2023-2029.

3. What is scope of the Global Molded Fiber Trays Market report?
Ans: Global Molded market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Molded Fiber Trays Market?
Ans: The important key players in the Global Molded market are – Fibercel Packaging LLC, UFP Technologies, Inc., Henry Molded Products, Inc., Huhtamaki, Pactiv LLC, Vernacare Limited, Orcon Industries Corporation, Sealed Air (AFP), EnviroPAK, Western Pulp, Henry Molded Products, KEYES Packaging Group, Cullen, DFM Packaging Solutions, CDL Omni-Pac, Paishing Technology, Buhl Paperform GmbH,, Okulovskaya Paper Factory, TRIDAS Ltd,, Nippon Molding, Dentas Paper Industry, Cemosa, Lihua Group,, KINYI Technology,, Shenzhen Prince, and Yulin Paper Products

5. What is the study period of this Market?
Ans: The Global Molded market is studied from 2022 to 2029.