Fiber material

Molded Fiber Bowls Market to Hit a Valuation of USD 297.2

NEWARK, Del, June 21, 2022 (GLOBE NEWSWIRE) — The global molded fiber bowl market is expected to reach a valuation of US$196.9 million in 2022, with sales growing at a CAGR of 4.2% on the forecast period.

Molded fiber bowls have gained traction in the catering industry as a convenient, economical and biodegradable packaging solution. Along with functional features such as low prices and cleanliness, molded fiber bowls offer easy stackability and on-the-go functionality.

Over the past decade, factors such as increased customer preference for home delivery of ready-to-eat foods through online food service platforms have significantly driven the market for molded fiber bowls. Sales are expected to be driven by large multinational quick service restaurants (QSRs) in various countries, as well as the growing penetration of QSRs in emerging economies.

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In addition, most QSRs limit their expenses to cleaning and reserving used containers. Therefore, the use of disposable food service containers such as molded fiber bowls, cups, plates, cutlery and other items enables food chain operators to reduce labor costs. and focus on improving customer service and quality.

The growing demand for sustainable packaging solutions across the globe is forcing manufacturers to expand their production facilities and install state-of-the-art manufacturing equipment.

For example, in June 2021, Jefferson Enterprise Energy and Zume announced a joint venture to create one of the world’s first fully renewable energy-powered manufacturing facilities that will produce compostable molded fiber products such as bowls, shells, etc Through this partnership, the companies plan to support the growing demand for molded fiber products in North America.

Similarly, in Asia, Parason Machinery, in partnership with Zume Inc., installed a line of machines for compostable and environmentally friendly tableware manufacturing technology to strengthen the molded fiber product line.

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“Strict regulations regarding plastic disposal and greenhouse gas emissions, as well as the functional features offered by mussel fiber bowls are among the key factors that are expected to drive the market in the coming years,” says an IMF analyst.

Key points to remember:

  • Sales of thermoformed bowls will remain high until 2032.
  • It is estimated that the sales of molded fiber bowls through the offline channel will increase by 2 times compared to the sales recorded in 2021.
  • Restore points are estimated to create an additional US$63 million opportunity by the end of 2032.
  • The US molded fiber bowl market will account for 25% of the market share in North America during the forecast period.
  • India will emerge as a lucrative pocket, with sales doubling over the assessment period.

Competition landscape

The major players operating in the molded fiber bowls market are Huhtamaki Oyj, Sabert Corporation, Pactiv, Green Olive Environmental Technology Co., Ltd., Southern Champion Tray, Be Green Packaging, EAMC Pulp Molding Machine Manufacturer, US Foods, Genera Inc .and Dinearth ecological tableware.

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1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Key Market Trends

3.1. Key trends impacting the market

3.2. Product Innovation / Development Trends

4. Key success factors

4.1. Product Adoption / Usage Analysis

4.2. USP/Product Features

4.3. Strategic promotional strategies

Click Here Complete TOC for Molded Fiber Bowls Market with a report of 275 Pages

Mussel Fiber Bowls Market Report

Future Market Insights, in its new report, offers an unbiased global market analysis of the Molded Fiber Bowls Market by Type of Molded Pulp (Thick Wall, Converted Pulp, Thermoformed and Transfer Molded), by Distribution Channel (Online and offline), by end use (food establishments, hotels, restaurants and cafes, quick service restaurants (QSR) and others (households)) and region

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Download a free copy of the FMI white paper on “Smart Packaging for the Circular Economy” in collaboration with Graham Packaging and Avery Dennison

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