The burgeoning Global Molded Fiber Bowls Market is poised for a robust growth trajectory, with a projected Compound Annual a 3.3% compound annual growth rate (CAGR) with a target market valuation of USD 291.7 million by 2034. According to recent market data, the molded fiber bowls segment experienced growth, with a market size is predicted to reach USD 210.8 million in 2024. The rapid rise in demand may be ascribed to the extensive integration of molded fiber bowls in the foodservice and Quick Service Restaurant (QSR) industries, which establish them as essential players in the market’s growth trajectory over the anticipated timeframe.
Molded fiber bowls are becoming more and more popular in the food service business, and for good reason—they provide a simple and sustainable packing choice. In the years to come, the market is expected to grow further as QSRs and food service establishments continue to use molded fiber bowls to serve a range of foods.
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Growth Drivers:
- Sustainability Focus: Increasing consumer demand for eco-friendly packaging solutions is a significant driver, with molded fiber bowls being preferred for their biodegradability and reduced environmental impact.
- Rise in Takeout and Food Delivery Services: The growth of the molded fiber bowls market is fueled by the expanding takeout and food delivery services, where these bowls offer a convenient and sustainable option for serving food on-the-go.
- Regulatory Emphasis on Single-Use Plastics: Stringent regulations against single-use plastics drive the adoption of molded fiber bowls as a viable alternative, aligning with global efforts to reduce plastic waste.
- Consumer Preference for Sustainable Packaging: With a growing awareness of environmental issues, consumers increasingly choose products packaged in molded fiber bowls, promoting a shift towards sustainable and recyclable materials.
- Food Industry Adoption: The food industry’s increasing recognition of molded fiber bowls as a reliable and sustainable packaging solution further propels market growth, as businesses seek eco-friendly alternatives for their products.
Business Trends:
- Customization and Branding: Manufacturers are focusing on offering customizable molded fiber bowl solutions to cater to the branding needs of businesses, allowing them to create a distinct identity in the market.
- Technological Advancements in Manufacturing: Ongoing advancements in manufacturing technologies contribute to increased efficiency and cost-effectiveness in producing molded fiber bowls, shaping trends in the industry.
- Product Innovation and Design: Continuous innovation in the design and functionality of molded fiber bowls, such as improved insulation properties and versatile shapes, enhances their attractiveness to both businesses and consumers.
- Collaborations for Supply Chain Efficiency: Collaborations and partnerships along the supply chain are emerging trends, optimizing production processes and ensuring a seamless flow of molded fiber bowl products to meet market demands.
- Global Expansion Strategies: Key players in the molded fiber bowl market are increasingly adopting global expansion strategies, tapping into new markets and regions to capitalize on the growing demand for sustainable packaging solutions worldwide.
“Stringent regulations regarding plastic disposal and greenhouse gas emissions, along with functional characteristics offered by molded fiber bowls are some of the key factors expected to boost the market in the forthcoming years,” says an FMI analyst.
Key Takeaways:
- Sales of thermoformed bowls to remain high through 2034.
- In 2024, transfer-molded bowls are predicted to overwhelm the food packaging industry with a 51.7% market share.
- Food service outlets account for a significant share of 32.4% of the global molded fiber bowl market in 2024.
- The United States molded fiber bowl market is estimated to account for a CAGR of 2.4% from 2024 to 2034.
- Based on the rising application in the HoReCa sector, the molded fiber bowl market in China is anticipated to register a CAGR of 5.7% from 2024 to 2034.
Key Companies Profiled
- Huhtamaki Oyj
- Sabert Corporation
- Pactiv
- Green Olive Environmental Technology Co., Ltd.,
- Southern Champion Tray,
- Be Green Packaging,
- EAMC Pulp Molding Machine Manufacturer,
- US Foods, Genera Inc.,
- Dinearth Eco Friendly Tableware
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Molded Fiber Bowls Market By Category
By Molded Pulp Type:
- Thick Walled
- Processed Pulp
- Thermoformed
- Transfer Molded
By Distribution Channel:
- Online
- Offline
By End User:
- Food Service Outlets
- Hotels
- Restaurant & Cafes
- Quick Service Restaurants (QSR)
- Household
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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