Industry Background:
Molded fiber, also known as molded pulp, is a collective term descriptive of the process for producing, strong and environmentally friendly protective material. Normally made from recycled paperboard and/or newsprint which is widely used for packaging solutions. Furthermore, the cut-resistant bowls are ideal for a variety of foods, from heavy grains and salads to saucy noodles. The global molded fiber bowls market is expected to witness a significant growth over the forecast period owing to rising customer inclination towards home delivery of ready-to-consume food.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Huhtamaki Oyj (Finland), UFP Technologies, Inc. (United States), ESCO Technologies Inc. (United States), EnviroPAK Corporation (United States), Brodrene Hartmann A/S. (Denmark), Henry Molded Products, Inc. (United States), OrCon Industries Corporation (United States), Pactiv LLC (United States), Pacific Pulp Molding, LLC (Mexico) and Keiding, Inc. (United States) |
According to AMA, the market for Molded Fiber Bowls is expected to register a CAGR of 4.2% during the forecast period to 2030. This growth is primarily driven by Rising Customer Inclination towards Home Delivery of Ready-To-Consume Food, Increasing Urbanization Along With Change in Life Style and Increase in Demand from Food Packaging Industry.
Globally, a noticeable market trend is evident Large Establishments of Quick Service Restaurants (QSR) in Emerging Economies Major Vendors, such as Huhtamaki Oyj (Finland), UFP Technologies, Inc. (United States), ESCO Technologies Inc. (United States), EnviroPAK Corporation (United States), Brodrene Hartmann A/S. (Denmark), Henry Molded Products, Inc. (United States), OrCon Industries Corporation (United States), Pactiv LLC (United States), Pacific Pulp Molding, LLC (Mexico) and Keiding, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market in new areas by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their strategies. Key players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies
Key Developments in the Market:
On April 7, 2022, Zume, a sustainability solutions company, furthered its partnership with Solenis, a leading global producer of specialty chemicals. Together, they are launching a comprehensive line of 100% PFAS-free molded fiber packaging, including hot cup lids, bowls, egg cartons, protein trays, and more.
On January 20, 2024, Genpak, a leading food service packaging manufacturer, launched its new, sustainable molded fiber packaging line without intentionally adding PFAS. The revamped Harvest Fiber line includes hinged food service containers, trays, and tableware.
Influencing Trend:
Large Establishments of Quick Service Restaurants (QSR) in Emerging Economies
Market Growth Drivers:
Rising Customer Inclination towards Home Delivery of Ready-To-Consume Food, Increasing Urbanization Along With Change in Life Style and Increase in Demand from Food Packaging Industry
Challenges:
Availability of Substitute Product
Restraints:
Less Durability of Molded Fiber Bowls
Opportunities:
Rising Demand from Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Molded Fiber Bowls Market
- Analysis about New Entrants in Molded Fiber Bowls Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Molded Fiber Bowls Study Sheds Light on
The Molded Fiber Bowls Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Molded Fiber Bowls industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Molded Fiber Bowls industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.