The molded fiber packaging market 2020 can potentially advance at a rate of 4.90% between 2017 and 2025 (forecast period), confirms Market Research Future (MRFR).
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Top Boosters and Main Challenges
Eco-friendly molded fiber pulp packaging caters to the needs and expectations of customers, in terms of ecological responsibility as well as packaging excellence. Manufacturers in the packaging industry are imposing practices that demand innovation and sustainability. A majority of the companies are focused on molded fiber pulp packaging that is compostable, recyclable and biodegradable, while working on enhancing the product consistency, costs as well as quality. These efforts with respect to product innovation and technological developments can induce significant business growth in the upcoming period.
Furthermore, since the manufacturing process of molded fiber involves no wastage, the residue is reused and then recycled. Therefore, molded fiber pulp packaging notes high demand across industries. Apart from this, minimum inventory costs, easy packaging process and low disposal costs has led to molded fiber pulp packaging gain higher acceptance as well as recognition across the globe.
A huge number of renowned companies in the molded fiber packaging maintain a strong focus on emerging markets; MRFR report reveals that technology innovation will be an important strategy for the renowned manufacturers in the industry. Leading players are also highly focused on trade shows as well as marketing campaigns that helps them showcase their offerings to a broad range of end users, resulting in better growth prospects for the molded fiber packaging market.
The global molded fiber packaging market is segmented on the basis of type, source, product, end use, and region.
By type, the global molded fiber packaging market is segmented into thick wall, transfer molded, thermoformed fiber, and processed pulp.
By source, the global molded fiber packaging market is segmented into wood pulp and non-wood pulp.
By product, the molded fiber packaging market is segmented into trays, clamshell containers, boxes, end caps, and others.
By end use, the market is segmented into food and beverage, electronics, personal care, healthcare, and others.
Companies in the molded fiber packaging industry are spread across the world. The molded fiber packaging market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American molded fiber packaging market has many companies across the United States, Canada, and Mexico. The molded fiber packaging market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the molded fiber packaging market can be found in the market research report. Europe has companies in the molded fiber packaging market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the molded fiber packaging market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
The molded fiber packaging market is supported by ease of shipping and storing processes. The population growth around the world and increasing demand of molded fiber packaging market based services and products also support the market growth. However, the molded fiber packaging market growth can be affected due to poorly managed activities. The report covers all such details which will help companies in the molded fiber packaging market to strengthen their business plan and improve their product portfolio. The molded fiber packaging market research report also provides company profiles of major companies. The company profiles of many organizations operating in the molded fiber packaging market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the molded fiber packaging market. New companies and established businesses can plan their strategies based on this data provided in the molded fiber packaging market research report.
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The key players of global molded fiber packaging market are Huhtamäki Oyj (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies, Inc., (US), Henry Molded Products Inc. (US), and Robert Cullen Ltd (UK).
Meredian Holdings Group Inc., working as a bioplastic corporation Danimer Scientific, and Danimer Scientific Inc., formerly identified as Live Oak Acquisition Corp., announced that they had concluded their originally scheduled corporate merger. The deal was widely acknowledged by the Board members of Live Oak and by a regular meeting of Live Oak shareholders. Live Oak changed its name to Danimer Scientific Inc. and started commercial operation under the symbol DNMR. Danimer focuses on the growth and manufacture of biodegradable.
- In May 2019, Huhtamäki Oyj (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies, Inc., (US), Henry Molded Products Inc. (US), and Robert Cullen Ltd (UK).
- In May 2019, Huhtamaki announced the launch of its new fiber-based meal trays that are suited for both microwave and regular ovens for Waitrose Partners to replace black plastic. These trays can be recycled and are also certified for home composting
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