Global molded fiber trays market is estimated to be valued at US$1,777.0 Mn by 2017 end and is forecast to reach a worth of US$2,422.8 Mn by 2022 end.
Albany, NY -- (SBWIRE) -- 11/17/2017 -- Market Research Hub (MRH) has recently added a research report on "Molded Fiber Trays Market- Global Industry Analysis, Growth, Share, Trends, Size and Forecast 2017 – 2022. According to the research report, the molded fiber trays market has witnessed growth owing to increasing demand for the sustainable packaging process in the year 2017 and the global molded fiber trays market is estimated to register healthy growth over the said period. The market is poised to grow at a robust CAGR of 6.4% throughout the period of forecast, 2017–2022.
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Factor Governing the Growth of the Molded Fiber Trays Market
The increasing demand for biodegradable and sustainable packaging among the following industries like transportation, logistics, healthcare, automotive, and food and beverages are the key factor which is responsible for the growth of molded fiber trays market. The driving need for the cost effective packaging materials which is less expensive as compared to plastic option is said to be pushing the molded fiber trays demand at a global level. Emergence of the different fibers like bamboo, sugarcane and palm will drive the demand of molded fiber trays. However, the rising concern for the environment and the non-biodegradable products such as plastic is likely to increase the need for the molded fiber trays in different regions. The emergence of the new packaging and process technologies has rapidly driving the demand for the sustainable packaging materials and so as to molded fiber trays.
The advent innovation of technologies in this market is likely to enhance the growth of the global market for molded fiber trays positively. The research report also deals with the innovation, trend and opportunities of the product in the global market.
Global Molded Fiber Trays Market: Segmental Analysis
The study report articulate the global market for molded fiber trays by end user, by molded pulp type and by region The report confer the detailed projection of the various market.
- On the basis of end user the global molded fiber trays market into food and beverage packaging, transportation and logistics, electronics and consumer durables, food service disposables, automotive, packaging and mechanical parts and others. Also food and beverages sub-segmentation is further divided into vegetable, frozen food, eggs and wine. The segment is likely to witness growth during the forecast period, 2017-2022
- Based on the region the report categorizes the global market for molded fiber trays into North America, Japan, Europe, Middle East and Africa and Asia Pacific excluding Japan (APEJ). Among all the region, Europe is likely to lead the global market with respect to market value over the period of forecast
- On the basis of molded pulp type, the report briefed the global market for molded fiber trays into thick wall, processed pulp, transfer molded and thermoformed fiber. Whereas, the segments of transfer molded is likely to hold the leading share in the global market by 54.3% in 2017
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Molded Fiber Trays Market: Major Market Players
The report comprehensive profiling of the major market players, developed and new competitors. The study reveals the main strategies applied by the major market players. Few dominating players in the global market for molded fiber trays include, Henry Molded Products, Inc., Brødrene Hartmann A/S, Vernacare Limited, UFP Technologies, Inc., Fibercel Packaging LLC, Huhtamaki, Oyj, Pactiv LLC, and Orcon Industries Corporation.
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