Global Molded Fiber Trays Market: Snapshot
The global molded fiber trays market report offers a detailed assessment of the market dynamics, size and share of various segments, notable trends affecting the growth, lucrative avenues, key strategies adopted by key players, and the competitive landscape. The report evaluates the key factors driving prominent segments. It further takes a closer look at recent advancements in processing and manufacturing technologies in various regions. Taking a critical look at the market sizing of various segments over the historical period (2012–2017), the research employs analytical tools to arrive at reliable projection along the forecast period (2017–2022). The study tracks major developments in end-use industries and their impact on product demand. It also offers a detailed overview of supply chain and raw materials sourcing strategy and highlights the prevalent cost structure and pricing strategies. The report findings will guide market players to devise impactful strategies for their growth.
The global molded fiber trays market was valued at US$1,777.0 Mn in 2017 and is projected to reach a valuation of US$2,422.8 Mn by the end of 2022. The market is anticipated to register a CAGR of 6.4% during 2017–2022.
Global Molded Fiber Trays Market: Dynamics
The report offers a comprehensive overview of various factors affecting the growth of the market. The market dynamics covers notable drivers and major restraining factors, prominent opportunities, recent advancements in processing technology, and imminent investment pockets in various regions. The analysis also covers a detailed profiling of leading players and key strategies adopted by them to gain a stronghold in the market.
The wide demand for molded fiber trays in various packaging applications is driven by their sustainability, biodegradability, cost-effectiveness and versatility. The burgeoning demand for molded fiber tray packaging in the transportation and logistics industry is mainly attributed to several advantages such as durability, ease of handling, and superior protection. They are also witnessing prevalent demand in the food and beverages packaging industry as they can be made to fit any product size and enhances shelf-life by protecting food against hot and humid conditions. Constant advancements in processing methods and equipment and the growth of numerous end-use industries are key trends expected to open up lucrative avenues for market players in various regions.
Global Molded Fiber Trays Market: Segmentation
The report broadly segments the global molded fiber trays market on the basis of molded pulp type, end use, and region.
Based on molded pulp type, the report further segments the market into transfer molded, thick wall, thermoformed fiber, and processed pulp. Of these, the segment of transfer molded leads holding the major share of 54.3% in 2017. The segment is foretold to grow at the leading annual growth estimated at US$76.3 Mn from 2017 to 2022.
On the basis of end use, the report further divides the market into consumer durables and electronics, food and beverages packaging, automotive and mechanical parts packaging, transportation and logistics packaging, food service disposables packaging, and others. The food and beverages segment can be further segmented into egg, wine, frozen food, and vegetables.
Based on region, the report segments the global molded fiber trays market into Latin America, North America, the Middle East and Africa, Europe, Asia Pacific excluding Japan (APEJ), and Japan. Of these, currently Europe is the most attractive market and is predicted to dominate the global landscape by holding the major revenue share throughout the forecast period.
Companies profiled in the report are:
In this section, the report offers a detailed profiling of key market players, emerging, and new entrants. The analysis highlights the key strategies adopted by them to gain a better foothold in the market or to consolidate their shares. Leading players discussed in this report include Brødrene Hartmann A/S, UFP Technologies, Inc., Huhtamaki, Oyj, Henry Molded Products, Inc., Pactiv LLC, Fibercel Packaging LLC, Orcon Industries Corporation, and Vernacare Limited.
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