Global Molded Fiber Bowls Market Overview
Continuous ups and downs in the pattern of food consumption has led to numerous changes in alignment of packaging solutions over the last decade. The escalating need for recyclable packaging materials has strongly led to the rise in preference towards molded pulp / molded fiber packaging compare to other packaging materials. Molded fiber bowls has a great popularity as a convenient and cost-effective biodegradable packaging solution for food service disposables market. Apart from functional attributes such as low costs and food hygiene, easy stackability and grab-and-go feature of molded fiber bowls also contribute to its increasing demand across the globe.
Global Molded Fiber Bowls Market Dynamics
Factors such as rising customer inclination home delivery of ready-to-consume food through online food service platforms has largely driven the molded fiber bowls market over the past decade. Large establishments of multi-national quick service restaurants (QSR) in the developed economies along with rising penetration of this QSR’s in developing economies is expected to push the market for molded fiber bowls.
With increasing urbanization leading to growth in working-class population, these on-the-go food formats are likely to gain acceptance among ultramodern consumers. This in turn is anticipated to expressively push the demand for molded fiber bowls over the coming decade. Moreover, most of the QSR’s confine to spend on resources like cleaning & re-serving the used containers. Thus the use of food service disposable containers such as molded fiber bowls, cups, plates, cutleries, etc. comforts the food-chain operators to minimize the labor costs and thus use this present pool of resource on improving the customer support & quality.
Global Molded Fiber Bowls Market Segmentation
The global molded fiber bowls market can be segmented on the basis of molded pulp type, sales channel, applications and end users.
The global molded fiber bowls market can be segmented on the basis of molded pulp type into:
- Molded Fiber Bowls made of Transfer Mold
- Molded Fiber Bowls made of Thermoformed Fiber
- Molded Fiber Bowls made of Processed Pulp
The global molded fiber bowls market can be segmented on the basis of sales channel into:
- Modern Trade
- Specialty Stores
- Departmental Stores
- Online Channel
The global molded fiber bowls market can be segmented on the basis of applications into:
- Food Service Disposables
- Food & Beverages (F&B) Packaging
- Fruit Packaging
- Vegetables Packaging
- Frozen Food Packaging
- Ready Meal Packaging
- Others (Egg Packaging, etc.)
The global molded fiber bowls market can be segmented on the basis of end-use into:
- Quick Service
- Full Service
- Hotel and Club
Global Molded Fiber Bowls Market Regional Outlook
The global molded fiber bowls market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
Compared to other geographies, with mounting demand from the food service sector, the developing counties of Asia-Pacific region like China, India, Vietnam, etc. are expected to witness momentous growth opportunities for molded fiber bowls market. Aspects such as rise in number of Quick Service Restaurants (QSR) with provides facilities such as home-deliveries as well as easy take-aways are expected to further propel the demand of the molded fiber bowls in this region throughout the forecast period. North America and European markets are the largest customer base for ready-to-eat food products and thus have achieved maturity level in terms of molded fiber bowls market. Also, Middle-East & African region is projected to witness a lucrative growth prospects in molded fiber bowls packaging market as a result of rise in sustainable packaging solutions for serving food at daily households.
Overall, the market for molded fiber bowls is estimated to witness a healthy rate of growth over the forecast period.
Global Molded Fiber Bowls Market Key Players
Some of the key players currently operating in the global molded fiber bowls market are:
- Huhtamaki Oyj
- UFP Technologies, Inc.
- ESCO Technologies Inc.
- EnviroPAK Corporation
- Brødrene Hartmann A/S.
- Henry Molded Products, Inc.
- OrCon Industries Corporation
- Pactiv LLC
- Pacific Pulp Molding, LLC
- Keiding, Inc.
The report on molded fiber bowls is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The molded fiber bowls report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The molded fiber bowls report also maps the qualitative impact of various market factors on market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.