Global Molded Fiber Clamshell and Container Market: Snapshot
The global molded fiber clamshell and container market is likely to exhibit rapid growth in the coming years due to steady growth of several key end use industries. Food and beverage packaging is likely to remain a vital end use segment for the molded fiber clamshell and container market over the 2017-2022 forecast period due to the growing demand for packaged food across the world. The consumer electronics and consumer durables industry is also likely to be important for the global molded fiber clamshell and container market over the 2017-2022 forecast period.
The report provides readers with a comprehensive overview of the global molded fiber clamshell and container market with the help of detailed assessment of the market’s leading segments, key companies, and the market’s competitive dynamics. According to Transparency Market Research, the global molded fiber clamshell and container market is likely to be valued at more than US$2 bn by the end of 2017 and further rise to US$2.7 bn by the end of the 2017-2022 forecast period. The market is projected to exhibit a 6% CAGR between 2017 and 2022.
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Transfer Molded Pulp to Dominate Global Molded Fiber Clamshell and Container Market
The report segments the global molded fiber clamshell and container market by molded pulp type into thick wall, transfer molded, thermoformed fiber, and processed pulp. Of these, transfer molded pulp is likely to dominate the global molded fiber clamshell and container market over the 2017-2022 forecast period due to their ease of production and low costs. Transfer molded fiber clamshells and containers are thin-walled and made mostly of recycled newspaper, which also makes them environmentally sustainable. The transfer molded pulp segment is likely to account for a majority share of 52.9% in the global molded fiber clamshell and container market by the end of 2017, with a valuation of US$1,069.7 mn. The segment is likely to rise to a valuation of US$1,460.4 mn by the end of 2022 to account for 53.9% of the global molded fiber clamshell and container market, further highlighting its dominance in the global market.
Get More Press Releases by TMR: https://www.globenewswire.com/news-release/2022/03/08/2398940/0/en/Fiber-Based-Packaging-Market-Bolsters-with-Rise-in-Demand-for-Environment-friendly-Products-States-TMR-Study.html
Europe to Remain Most Attractive Regional Market, to Exhibit 6.2% CAGR 2017-2022
For a clear understanding of the geographical distribution of the global molded fiber clamshell and container market, the report studies the performance of the market in North America, Europe, Latin America, Japan, Asia Pacific except Japan, and the Middle East and Africa. Europe is the dominant regional contributor to the global molded fiber clamshell and container market and is likely to reach a valuation of US$923 mn by the end of 2022. The Europe molded fiber clamshell and container market is likely to exhibit a robust 6.2% CAGR over the 2017-2022 forecast period, making it the most attractive regional market for molded fiber clamshells packaging and containers between 2017 and 2022.
Global Molded Fiber Clamshell and Container Market: Competitive Dynamics
Leading companies in the global molded fiber clamshell and container market include Huhtamaki Oyj, ESCO Technologies Inc., UFP Technologies Inc., Pactiv LLC, Henry Molded Products Inc., OrCon Industries Corporation, KapStone Paper and Packaging, FiberCel Packaging LLC, Biodegradable Packaging for Environment Co. Ltd., Pacific Pulp Molding LLC, Kinyi Technology Limited, Southern Champion Tray, EnviroPAK Corporation, and KEYES Packaging Group.
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Strides in Retail Industry Spur Growth Momentum of Molded Fiber Clamshell and Container Market
Molded fiber clamshell and containers are used in wide range of industrial and retail packaging applications. Advances in tools and processing technologies have enabled packaging companies to unveil a wide array of products in the molded fiber clamshell and containers market. Key end-use applications or end-use industries driving valuation of the market are cosmetics, electronics, food and beverage, healthcare, and durable consumer goods. In numerous retail packaging, molded fiber clamshells are used in secondary packaging. In today’s fast-paced growth of packaging businesses, recyclability is a key attribute for trumpeting the sustainability factor among customers and policy makers. Molded fiber containers score high points in this respect, as is evident in the growing use of the packaging in cosmetics industry. Recent years have seen considerable advances in transfer molded lamps. The low cost of production and reusability of the packaging are some of the other characteristics that emerge as key proposition for generating customer value in the molded fiber clamshell and container market. Further, the focus on reducing waste has also spurred the popularity of reusable packaging. Over the decades, policy makers and industries are keen on greater use of post-consumer recycled materials in different types of packaging, including molded fiber clamshell.
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