With packaging industry’s accelerating journey toward green solutions, molded fiber packaging has been witnessing notable traction over the recent past. A new upcoming report by Fairfield Market Research discusses the growth prospects of the global molded fiber packaging market between 2021 and 2025. Considering the growing significance of both the environmentally-friendly nature, and consumer convenience, demand for molded fiber packaging is expected to thrive worldwide in the near future. Extensively being adopted in a spectrum of application areas like F&B, consumer electronics, medicine, cosmetics and personal care, and horticulture, molded fiber packaging is set to gain ground across various other segments as well.
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Transfer Molded Packaging Gathers Momentum
Transfer molded fiber packaging will continue to see exciting growth prospects on account of its growing usage in packaging of electronic goods. The trend will thus most likely remain prominent across Asian markets throughout the period of forecast. Attributing to superior convenience quotient of transfer molded packaging in terms of shipping, and transportation, global leaders like Proctor and Gamble, and Hindustan Unilever have been at the forefront of adopting transfer molded packaging under their sustainability initiatives.
F&B Holds the Hotbed of Opportunities
With superior water permeability, hygroscopic nature, and abilities to extend product shelf-life, and prevent product damage by protecting from transit shocks, molded fiber packaging will continue to penetrate deeper in the food and beverages industry applications. While molded fiber packaging has been dominating in carryout, and clam-shell food convenience, greater compliance of molded fiber packaged F&B products with the International Food Safety Regulations further elevates the application prospects, especially in product refrigeration, sealing, and lamination. Flourishing segments like single-serve, ready-to-eat, and on-the-go are further likely to encourage adoption of molded fiber packaging solutions through 2025.
Asia Pacific Retains its Attractive Potential with an Expanding End User Base
With strong growth potential for packaging industry, Asia Pacific is expected to remain a highly lucrative investment pocket for molded fiber packaging market players as well. The scaling economy along with rocketing sales of processed foods, and consumer electronics will continue to ramp up demand for a variety of packaging solutions. The extraordinary pace of ecommerce expansion across the region will particularly play out as the most promising booster to growth of the molded fiber packaging market here.
On the other hand, developed regional markers will prominently benefit from the favourable regulatory environment encouraging maintenance of food safety, and hygiene. European countries, pioneering the global sustainability drive, are projected to especially favour market growth as wood pulp is the key constituent involved in molded fiber packaging.
Molded Fiber Packaging Market Competition
Some of the prominent companies driving competition in this fairly fragmented landscape, include EnviroPAK, Henry Molded Products Inc., Pactiv LLC, Nippon Mold Industry Corporation, Robert Cullen Ltd, James Cropper plc., Heracles Packaging Co. S.A., buhl-paperform GmbH, Footprint, FiberCel, Dentas Romania S.R.L., Keiding, Inc., Okulovskaya Paper Factory, AFP, Inc, Western Pulp Products Company, Atlantic Pulp, Best Plus Pulp, and Primapack SAE.
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