Molded Fiber Packaging for Food Service Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: James Cropper, UFP Technologies, Sonoco

Registering a CAGR of 5.7% over the forecast period of 2022-2027, the global Molded Fiber Packaging for Food Service Market is anticipated to reach the market value of USD 1687 million in the year 2027.

Molded Fiber Packaging for Food Service Market Overview

Molded fiber is a paper-based material, with packaging using molded fiber facing a faster development in the past few years, owing to a significant shift in consumption of individuals towards packaging that is environment-friendly for their product purchases. Additionally, a growing consumer goods industry along with rise in consumption of FMCG goods is predicted to drive the demand for sustainable methods of packaging such as molded fiber packaging for food service market in the coming years. Further, greater awareness on damages that can be caused to the environment and the importance of protecting food from being wasted, including the presence of various laws and regulations associated with packaging are all anticipated to drive the development of the market over the next decade.

Growing concern for the environment which is raising the claim for sustainable packaging of products, along with significant development observed in the food service industry and restaurant-to-go packaging, are some of the factors projected to contribute towards the development of the global molded fiber packaging for food service or restaurant-to-go packaging market during the forecast period.

Who are the Major Players in Molded Fiber Packaging for Food Service Market?

The Molded Fiber Packaging for Food Service Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes James Cropper, UFP Technologies, Sonoco, EnviroPAK, Nippon Molding, Huhtamaki, CDL Omni-Pac, Brodrene Hartmann, Vernacare, Southern Champion Tray, Heracles Packaging, Henry Molded Products, Buhl Paperform, Keiding

Recent Developments:

• In January 2020, UFP Technologies, one of the packaging companies based in the United States that designs, manufactures, apart from being a distributor of molded fiber packaging for food service market products for consumer goods, electronic items and few other industrials had exhibited single-use and single patient devices for infection prevention, fluid and air management and many others at MD&M West that is the world’s largest medical design and manufacturing event.


• In December 2019, Huhtamaki OYJ had acquired the majority of business belonging to a private flexible packaging manufacturer, Everest Flexibles (Pty) Limited that had been conducting its operations from South Africa. The acquisition had been completed by Huhtamaki, by paying an enterprise value of EUR 58 million, that was partly in cash and partly in the form of shares to Everest Flexibles, with the sellers of Everest Flexibles entering into a joint venture with Huhtamaki for its operations that cover flexible packaging, food service and fiber packaging in South Africa.    

What are the major Applications, Types and Regions for Molded Fiber Packaging for Food Service Market?

Molded Fiber Packaging for Food Service Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

•     Wood Pulp Based


•     Non-wood Pulp Based

By Applications it is segmented into

•     Trays


•     Bowls


•     Cups


•     Others

Molded Fiber Packaging for Food Service Market Regional Analysis

The market in Asia Pacific is projected to occupy the largest market share for molded fiber products, owing to primary factors being the development of the food services and restaurant-to-go packaging, wherein such packaging materials using molded fiber products are in claim in large quantities in Asia Pacific region, especially in the rising nations, which are reporting consumption of higher quantities in this region.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Molded Fiber Packaging for Food Service Market report scope?

Scope of the Report covers Molded Fiber Packaging for Food Service Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Molded Fiber Packaging for Food Service Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.

Key Takeaways from this Molded Fiber Packaging for Food Service Report

• Evaluate Molded Fiber Packaging for Food Service market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Molded Fiber Packaging for Food Service market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.