Global Molded Fiber Packaging Market is forecasted to grow at 5.6% with factors such as rise in the e-commerce, courier and food delivery services across the globe.
Molded fiber packaging market has shown an exceptional penetration in countries such as China, U.S. and Germany. Increasing preference for eco-friendly and biodegradable products for packaging. In developing countries, strong distribution networks including multi-brand stores and online retailers are creating opportunities for the global molded fiber packaging market.
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Molded Fiber Packaging Market Scenario
According to Data Bridge Market Research, the market for molded fiber packaging in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader is AFP, Inc., (a subsidiary of Sealed Air) which accounts for an estimated market share of approximately 11% to 14% in the global molded fiber packaging market. The company has gained outstanding sales through their industrial product which is protection solutions. For instance,
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Trends Impacting the Market
Now the question is which other regions AFP, Inc., (a subsidiary of Sealed Air), Sonoco Products Company and Nippon Mold Industry Corporation are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific molded fiber packaging market and the market leaders targeting China, Japan and India to be their next revenue pockets for 2021.
The molded fiber packaging market is becoming more competitive every year with companies such as AFP, Inc., (a subsidiary of Sealed Air), Sonoco Products Company and Nippon Mold Industry Corporation as they are the market leaders for molded fiber packaging. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the molded fiber packaging market.
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Molded Fiber Packaging Market Development
In October 2020, Best Plus Pulp. have increased the investment in the production of egg cartons in the U.S. by seeing the prevailing demand in the country. This development helps the company to increase revenue.
Scope of the Molded Fiber Packaging Market
The molded fiber packaging market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East and Africa.
Key Pointers Covered in Molded Fiber Packaging Market Industry Trends and Forecast to 2028
Key Market Competitors Covered in the Report
Global Molded Fiber Packaging Market Report Answers the Following Questions:
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