Molded Fiber Bowls Market Outlook (2022-2032)

2020-05-26 17:30:15

The global molded fiber pulp packaging market is driven by increasing demand for protective and sustainable packaging solutions. Paper bowl machine, disposable plates and cups making machine are selling well under this situation.

 According to FMI, the molded fiber pulp packaging market is anticipated to rise at 5.1% CAGR between 2021 and 2031 as compared to 3.2% CAGR registered during 2015-2020.

Producers of fast-moving consumer goods have increased their focus on offering hassle free, green packaging solutions, while providing more value to end users. Technological advancements have led to superior techniques for printing and coating on molded fiber pulp products.

Newly released data from molded fiber bowls market analysis shows that global demand of thermoformed bowls experienced year-on-year (YoY) growth of 3.1% in 2021 to total US$ 40 Mn. However, during the assessment period, sales of transfer fiber molded bowls are anticipated to gain traction as compared to thermoformed bowls segment.

Demand for molded fiber bowls increased in 2021 due to high adoption in the food service sector. Food service outlets and quick service restaurants (QSR) are estimated to be key contributors for the growth in the market over the assessment period.

The global molded fiber bowls market is estimated to hold nearly 2-4% of the global molded fiber pulp packaging market worth US$ 7.7 Bn in 2021.