Global Molded Fiber Packaging Market 2017-2021
About Molded Fiber Packaging
Molded fiber products are usually manufactured with natural fibers such as cellulose or with waste paper. Unlike plastics, these are recyclable, along with other types of biodegradables and can be easily composted. During the manufacturing process, both water and fiber used are recyclable and produce zero wastage. In addition, there are no toxic or hazardous wastes that are expelled into the environment.
Technavio’s analysts forecast the global molded fiber packaging market to grow at a CAGR of 7.24% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global molded fiber packaging market for 2017-2021. To calculate the market size, the report considers revenue, which is generated by sales of molded fiber packaging products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Molded Fiber Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global molded fiber packaging market: Huhtamaki, UFP Technologies, Moulded Fibre Product, and Henry Molded Products.
Other Prominent Vendors in the market are: Brodrene Hartmann, Cullen Packaging, EnviroPAK, Footprint, Heracles Packaging, Keiding, Hurley Packaging of Texas, The Haddy Companies, and Pacific Pulp.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is constantly changing consumer demand. Consumer packaging goods companies constantly change their packaging designs and labeling according to the demand of customers. These changes in package designs and labeling are key differentiating factors for the sale of products.”
According to the report, one driver in the market is rise in demand from egg packaging manufacturers. Molded fiber is extensively used for egg packaging. Approximately, 33%–35% of the demand for molded fibers comes from egg packaging. The main reason being, it provides optimal protection and eliminates breakage throughout the entire supply chain, starting from storage, distribution, and transportation.
Further, the report states that one challenge in the market is high capital required for the maintenance of molded fiber equipment. Equipment maintenance is of high importance in molded fiber packaging. Companies' businesses are capital-intensive, and it is necessary that these companies regularly secure more capital expenditure to maintain their equipment to increase efficiency and output. Pulp molding machines such as DKM pulp molding systems that are used to manufacture egg cartons, come installed with technological features and operating sets.
Huhtamaki, UFP Technologies, Moulded Fibre Product, Henry Molded Products, Brodrene Hartmann, Cullen Packaging, EnviroPAK, Footprint, Heracles Packaging, Keiding, Hurley Packaging of Texas, The Haddy Companies, and Pacific Pulp.
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