Pune, India -- (SBWIRE) -- 05/23/2018 -- Global Molded Fiber Packaging Research Report Information by Type (Thick-Wall, Transfer, Thermoformed (Thin-Wall), and Processed), By End-Use (Food and Beverages, Electronic, Personal Care, and Others), And By Region – Forecast Till 2023

Global Molded Fiber Packaging Research Report Information by Type (Thick-Wall, Transfer, Thermoformed (Thin-Wall), and Processed), By End-Use (Food and Beverages, Electronic, Personal Care, and Others), And By Region – Forecast Till 2023

Key Players

Huhtamaki (Finland), UFP Technologies, Inc. (U.S.), Moulded Fibre Product Ltd. (U.K.), Henry Moulded Products Inc. (U.S.), Brødrene Hartmann A/S (Denmark), Cullen Packaging Ltd. (U.K.), EnviroPAK Corporation (U.S.), Heracles Packaging Company SA (Greece), Keiding, Inc. (U.S.), and Hurley Packaging of Texas (U.S.) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Molded Fiber Packaging Market.

Molded Fiber Packaging Global Market – Overview

The Global Molded Fiber Packaging Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Molded Fiber Packaging will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).

Molded fiber is also known as molded pulp packaging. Molded fiber packaging is a kind of protective packaging used for packaging and handling of many products, across end-use industries such as food and beverage, electronic and personal care.

The major factors driving the growth of molded fiber packaging market, are rising urbanization and increasing consciousness for better packaging, majorly in the food and beverage industry for products such as eggs. Molded fiber packaging provides protection and prevents breakage during transit across the supply chain. The increasing environmental awareness among people is also leading to the increased use of molded fiber packaging, which can easily be decomposed by micro-organisms.

The food and beverage markets represent the largest consumption group for packaging materials and machinery. Several reasons drive this growth such growing urbanization, increased living standards, and disposable income in the developing regions play a main role. With the increase in number of convenienve stores and supermarts across the globe, especially in Asia-Pacific has led to increased consumption of processed and convenience foods and beverages. Such stores has been able to bring the processed and packaged eatables close to the consumers.

Food & beverage industry has adopted Molded Fiber Packaging extensively across the world due to the some additional functionalities such as retention of integrity of a product and prevent food spoilage, along with increased shelf life. Such properties are ideal for the retail outlets where fresh and processed food items needs to be stored over a longer period of time as well it enables the consumers to see and feel the product from the packaging. This drives the demand of Molded Fiber Packaging across the foods & beverages industry.

The urban transition and economic growth have been linked with each other because economic development fuels urbanization. General trends in urbanization are linked to sustainable development of a country. The increasing concentration of people in urban areas can facilitate economic and social development, while offering opportunities to reduce the impact of consumption and production on the environment. This leads to a general change in the preferences of the consumers as well as brings change in the consumption patterns.

The urbanization on a global level along with rapid industrialization, across all the geographical regions have led to the change in consumption pattern of foods, beverages, consumer goods, and others. Today, there is seen an increased demand of packaged, processed and convenience food due to changing lifestyle, especially in emerging nations. The countries like India, and Brazil have seen increasing demand for electronics and consumer goods. This augments the demand for Molded Fiber Packaging from these regions and result in staggering growth.

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Industry/ Innovation/ Related News:

June, 2016 - Brodrene Hartmann A/S started construction on the manufacturer's $30 million food packaging facility in Rolla, Missouri. The project is expected to create at least 50 new jobs by the start of 2017. Danish-based Brodrene Hartmann is the world's leading manufacturer of molded-fiber egg packaging and one of the world's largest manufacturers of machinery for producing molded-fiber packaging. Hartmann will add 20,000 sq. ft. to an existing facility in Rolla, bringing its total square footage to 354,000 sq. ft. and representing the initial steps that will soon create dozens of new jobs in the area. The Rolla facility will produce sustainably-made, molded-fiber egg cartons for the U.S. market. Cartons will be made of 100 percent recycled newspaper sourced from the Midwest and distributed nationally.

Danish-based Brodrene Hartmann is the world's leading manufacturer of molded-fiber egg packaging and one of the world's largest manufacturers of machinery for producing molded-fiber packaging. Hartmann will add 20,000 sq. ft. to an existing facility in Rolla, bringing its total square footage to 354,000 sq. ft. and representing the initial steps that will soon create dozens of new jobs in the area. The Rolla facility will produce sustainably-made, molded-fiber egg cartons for the U.S. market. Cartons will be made of 100 percent recycled newspaper sourced from the Midwest and distributed nationally.

September, 2016– James Cropper Plc has launched a new renewable and recyclable molded fiber product said to be a sustainable alternative to plastic. James Cropper is a producer of premium paper and packaging products, specializing in precise color matching. The group's new business, James Cropper 3D Products, has developed a custom, design-engineered, molded paper packaging product made from entirely renewable materials that can be recycled with household paper.

Molded Fiber Packaging Market – Segmentation

The Global Molded Fiber Packaging Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type : Comprises Thick-Wall, Transfer, Thermoformed (Thin-wall), Processed.

Segmentation by End User : Comprises Food and Beverages, Electronic, Personal Care and Others

Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Molded Fiber Packaging Market: Regional Analysis

The North America region is expected to dominate the growth of the molded fiber packaging market, owing to the increase in demand for consumer goods such as food & beverage and household products and the need for their efficient packaging. The Asia-Pacific region is also expected to grow, owing to the existence of a large number of manufacturers in the region and increase in demand of molded fiber packaging by them.

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