Bizizz Market Research has recently published a research report, “Molded Fiber Trays Market By Pulp Type (Thick Wall, Transfer Molded, Thermoformed Fiber and Processed Pulp), End-use (Consumer Durables and Electronics, Food and Beverages, Healthcare Products, Automotive & Mechanical Parts, Transportation and Logistics and Food Service Disposables), Application (Precision Agriculture, Retail, Media & Entertainment), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Molded Fiber Trays Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 2.7 Bn by 2027, witnessing a CAGR of 5 % during the forecast period. Key drivers of the market are
The global market for molded fiber trays are gaining increased need for in different industries including food & beverages and other end users. They are environmental-friendly, sustainable and biodegradable that propels the growth of this market. They are highly being adopted by different industries including healthcare, automotive, consumer durables and electronic products. They are widely being utilized in protecting products of transportation and logistics sector.
The Molded Fiber Trays market is anticipated to register a CAGR of over 5% during the forecast period.
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By End-user, food and beverages segment held a prominent share in Global Molded Fiber Trays Market in 2018.
Rise in demand for food and beverages in several nations are one of the driving factors boosting the demand of molded fiber trays. However, high demand of molded fiber trays of packing products and required to be transferred to high and humid temperatures have fueled the market of molded fiber trays. However, increased concern of non-degradable packaging materials is supporting the growth of molded fiber tray products during the forecast period. Moreover, different key players are adopting environmental friendly initiatives parallel to the innovations especially in the food and beverages. End users prefer egg packaging as these are sustainable in nature and this will ultimately boost the growth of eggs packaging along with molded fiber trays market.
Europe is anticipated to dominate the Global Molded Fiber Trays Market during the Forecast Period.
Europe is anticipated to have high growth opportunities for molded fiber trays. It is anticipated to hold a potential demand during forecast period. Advancement in technologies in processing and packaging in recent years are contributing to the demand of eco-friendly packaging is boosting the growth of European market. Global molded fiber trays market in North America is anticipated to propel at a significant rate in future.
Global Molded Fiber Trays market was moderately consolidated with key players accounting for significant share in 2018. The manufacturers are trying to compete in the market by partnerships and collaborations contributing to the demand.
Prominent players operating in the Global Molded Fiber Trays Market are: Pactiv LLC, UFP Technologies, Inc, Henry Molded Products, Inc., Fibercel Packaging LLC, Orcon Industries Corporation, Brødrene Hartmann A/S, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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