Molded Fiber Packaging for Food Service Market Size, Status 2021 Research Report Studied by Focusing on Top Companies Data, Business Strategies, Emerging Growth, Future Prospect, and Regional Outlook 2027 | Says Kenneth Research

The Molded Fiber Packaging for Food Service Market is anticipated to thrive on the back of the increasing stringent norms of the government for containers and packaging goods that is used to wrap or protect goods of different types. According to the statistics by the United States Environmental Protection Agency (EPA), in the year 2017, containers and packaging made up to 80.1 million tons (29.9%) of the total municipal solid waste generated. The market is further anticipated to grow with a moderate CAGR throughout the forecast period 2021-2027

Global Molded Fiber Packaging For Food Service or Restaurant-to-go Packaging Market Analysis 2020-2027

Molded Fiber Packaging products have been used mainly for a variety of purposes such as in the case of handling and packaging of large number of products that have already been manufactured. There is enough protection provided for product shipments, in addition to offering the customers better comfort, apart from other benefits that include cost-efficient packaging and other benefits which are provided to the environment.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Regional Market).”

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The molded fiber packaging for foodservice or restaurant-to-go packaging market was valued at USD 1687 million in the year 2018 and is anticipated to grow at a CAGR of 5.0% during the forecast period 2020-2027. Increasing concern for the environment which is raising the demand for sustainable packaging of products, along with significant growth observed in the foodservice industry and restaurant-to-go packaging, are some of the factors anticipated to contribute towards the growth of the global molded fiber packaging for foodservice or restaurant-to-go packaging market during the forecast period. According to the statistics by Eurostat, paper and cardboard packaging material constituted the largest share of 41% of overall generated packaging waste, followed by plastic and glass at 19% each and wood at 16%.

The global molded fiber packaging for food service or restaurant-to-go packaging market consists of various segments that are segmented by mold type, source, product and by region. Thick wall that forms a part of mold type segment registered a value of USD 209 million in the year 2018, is anticipated to register the highest CAGR of 5.7% over the forecast period, owing to factors being these heavy-walled molded products made with the help of recycled paper usage that is mixed with Kraft paper as raw material are being in huge demand for packaging heavy items. 

Based on region, the global molded fiber packaging for food service or restaurant-to-go packaging market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific is predicted to register the highest market share of around 36% for molded fiber products for food service or restaurant-to-go packaging market over the forecast period, with the packaging materials using molded fiber products being demanded in large quantities in food services and restaurant-to-go packaging sector which has been observing a steady growth in the region.

The markets in North America and Europe are predicted to grow steadily over the next few years, although they are behind Asia Pacific market in terms of growth, with protective packaging experiencing an increase in demand as well as growing awareness on the necessity to protect and preserve environment that has driven retail and food serving sector to change to molded fiber packaging that can be reused and is sustainable that is absent in the case of plastic packaging, which are estimated to boost the growth of the market in the coming years. 

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Study of Top Companies Included in This Report:

Some of the key industry leaders in the global molded fiber packaging market are Heracles Packaging Co. S.A., James Cropper Plc, Huhtamaki, Brodrene Hartmann A/S, Southern Champion Tray, Henry Molded Products, Inc., Buhl Paperform, Enviropak, UFP Technologies and Keiding, Inc.

Based on the geographical analysis, the report covers the market scenario for the following regions around the world:

  • North America (U.S. & Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa)

A series of illustrations such as graphs, tables, and charts are provided in the report to make the report easy to comprehend for the business clients.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

“We are open for the customization of this report for our client.”

Table of Content:

  • Executive Summary
  • Research Methodology
  • Global Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  • Global Market Segmentation Analysis
  • Porter’s Five Force Model Analysis
  • Competitive Landscape
  • Company Overview
    • Financial Performance
    • Key Products
    • Business Strategy
    • Recent Developments
    • SWOT Analysis

WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

  • Key Topic Covered in this Report
  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological Innovations
  • Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download Sample of This Strategic Report-  https://www.kennethresearch.com/sample-request-10279910

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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