Fiber Based Packaging Market

Fiber Based Packaging Overview for 2024 to 2034

The Fiber Based Packaging Market is expected to be valued at USD 308.8 billion in 2024. The pace of progress for the market from 2024 to 2034 is expected to be steady, with a CAGR of 1.9%. By the end of the forecast period, the fiber based packaging industry value is slated to hit USD 372.7 billion.

Attributes	Details
Fiber Based Packaging Market Value for 2024	USD 308.8 billion
Projected Market Value for 2034	USD 372.7 billion
Value-based CAGR of Market for 2024 to 2034	1.9%

Fiber Based Packaging Market Analysis

• Fiber is emerging as a prominent alternative to plastic due to its eco-friendly nature and thus the demand for the packaging solution is developing.
• Molded fiber is developing in popularity as a packaging material due to its low cost and thus the demand for fiber based packaging is expanding.
• Development of new enzyme pulping processes is helping the products in the market to be varied, as well as streamline manufacturing processes.
• Fiber based packaging is being produced with consumers’ sensory experiences in mind, with consumers getting attracted to the packaging due to its velvety feel.
• Developing demand for packaged food is advancing the cause of the fiber based packaging market.

Fiber Based Packaging Market Trends

• With the production of consumer products showing no signs of slowing down, the demand for fiber based packaging is amplifying.
• Increased online sales in the end-user industries like food and beverage and electronics are propelling the fiber based packaging industry.
• Increasingly safe nature of fiber based packaging is seeing end users take its help as shipping dunnage.
• Advent of 3D printing is giving a new dimension to the market and increasing the scope of fiber based packaging.
• End-user industries such as pharmaceuticals and electronics are under strict regulatory guidelines regarding sustainability and fiber based packaging is helping companies in these industries to reach those guidelines.
• Having the appropriate amount of raw materials available poses a risk for the players in the fiber based packaging industry, as sources of fiber procurement have the potential to dry up.
• Production of fiber is recognized as a strenuous process requiring extensive amounts of water and electricity. Thus, there is potential for the prices of fiber to fluctuate and slow down the growth of the market.

Category-wise Outlook

The material type that predominates in the market is corrugated. Recycled fiber is the top source in the market.

Tough and Rigid Nature of Corrugated Packaging Helps it Top the Material Type Segment

Corrugated packaging is expected to account for 57.1% of the market share by material type in 2024. Factors driving the growth of corrugated packaging are:

• Corrugated packaging is recognized for its ability to endure high amounts of stress and repel moisture and is thus being preferred in the food and beverage industry.
• Recyclable nature of corrugated packaging is making it a hit among end-user industries.

Attributes	Details
Top Material Type	Corrugated
Market Share (2024)	57.1%

Low Cost of Recycled Fiber Endearing the Source to Manufacturers

Recycled fiber is anticipated to account for 75.5% of the market share in 2024. Some of the factors for the growth of recycled fiber as a source are:

• Recycled fiber is providing a cost-effective source for market players and thus its adoption is increasing among manufacturers.
• Avenues from which recycled fiber can be obtained are increasing, making the process of raw material procurement easier for manufacturers and thus recycled fiber adoption is rising.

Attributes	Details
Top Material Source	Recycled Fiber
Market Share (2024)	75.5%

Country-wise Analysis

Advancements in the packaging sector in the Asia Pacific are helping the market’s progress in the region. Rapidly accelerating manufacturing facilities are also aiding the market’s cause in the Asia Pacific.

Imposing of sustainability measures by regulatory authorities in Europe is seeing an increasing number of industrialists switch to fiber based packaging. Propulsion of online sales is also bettering the market’s prospects in Europe.

Countries	CAGR (2024 to 2034)
China	3.7%
India	4.1%
South Korea	2.2%
Thailand	3.1%
Spain	2.1%

Continuing Expansion of Packaging Sector Benefitting the Market in India

The market is anticipated to register a CAGR of 4.1% in India for the forecast period. Some of the factors driving the growth of the market in the country are:

• Due to factors like government encouragement and increase in manufacturing capabilities, the packaging industry in India is developing rapidly, signaling more scope of fiber based packaging.
• Restrictions imposed by regulatory authorities in India regarding single-use plastic are helping the market’s growth in the country.

Popularity of 3D Printing Helps the Market’s Prospects in South Korea

South Korea is set to see the market expand at a CAGR of 2.2% over the forecast period. Prominent factors driving the growth of the market are:

• 3D printing has emerged as a popular packaging solution in South Korea and the technique is being used by fiber based packaging suppliers in the country too.
• Packaging stakeholders in South Korea are focused on innovations in the packaging process and the introduction of new fiber-based cartons, trays, etc. is keeping the demand fresh in the country.

Decreasing Prices of Raw Materials Continue to People Market in China

The market is expected to register a CAGR of 3.7% in China over the forecast period. Some of the factors driving the growth of the market in China are:

• With raw materials being easily available in China, the cost of the manufacturing process for fiber based packaging is decreasing in China, allowing for greater production.
• Considerable number of consumers in China opting for packaged food and ready-to-eat meals is accelerating the demand for fiber based packaging.

Thailand’s Commitment to Sustainability Sees the Market Move Ahead in the Country

The market is set to progress at a CAGR of 3.1% in Thailand for the forecast period. Factors influencing the growth of the market in Thailand include:

• Thailand’s commitment to sustainability, from the government level to consumers, is leading to more use of fiber based packaging in Thailand.
• End user industries in Thailand are repurposing fiber based packaging for advertising purposes, thus lending more functionality to the packaging solution.

Foreign Investment into Spanish Manufacturing Units is Advancing Demand for Fiber Based Packaging in Spain

The market is expected to register a CAGR of 2.1% in Spain over the period from 2024 to 2034. Some of the reasons for the growth of fiber based packaging in the country are:

• Manufacturing facilities across Spain are expanding with the help of foreign investment and the fiber based packaging market is benefitting.
• Vendors in Spain are using fiber based packaging to meet the strict sustainability standards set by the European Union.

Competitive Landscape in the Fiber Based Packaging Market

The molded fiber market is highly fragmented, with no single player having a dominant position in the global market. Rather, small-scale players and startups are thriving in the market with the help of innovative techniques of manufacturing.

Players in the fiber based packaging market are partnering with enterprises in end-user industries for advertising purposes. Partnerships are also being established with fellow market players to establish greater control over demand.

Recent Developments in the Fiber Based Packaging Market

• In September 2023, at PACK Expo, Rypax and CelluComp demonstrated an in-development bottle made from fiber, a collaboration between the two companies. The bottle is aimed to have application in various industries like food and beverage and cosmetics.
• In August 2023, a fiber based packaging solution, designed in collaboration by Ahlstrom and the Paper People, was launched. It is designed for frozen food and can be printed in ten colors.
• In June 2023, ProAmpac launched its Modified Atmosphere Packaging (MAP) RAP Sandwich Wedge in North America. It is a sandwich packaging solution made from fiber.

Key Companies in the Fiber Based Packaging Market

• UFP Technologies Inc.
• Bumaga BV
• Oji Fibre Solutions
• WestRock Company
• Ahlstrom Corporation
• Sonoco Products Company
• Pratt Industries Inc.
• KapStone Paper and Packaging Corp.
• Mayr-Melnhof Karton AG
• Rengo Co. Ltd.
• Mondi Group
• AR Packaging Group AB
• BillerudKorsnäs AB
• USA Corrugated Inc.
• ESCO Technologies Inc.
• Brodrene Hartmann A/S
• International Paper Company
• Smurfit Kappa Group PLC
• Georgia-Pacific LLC

Key Coverage in the Fiber Based Packaging Industry Report

• fiber based packaging market growth analysis
• Fiber Based Packaging Market Value and Market Size Assessment
• Cellulose-based packaging Demand Coverage
• Biodegradable packaging Growth Assessment
• Pulp-based packaging Market analysis
• Flexible Packaging Paper Market comparative analysis with fiber based packaging market

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
  • 5.1. Cartons
  • 5.2. Clamshell
  • 5.3. Bags & Pouches
  • 5.4. Corrugated Boxes
  • 5.5. Others
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Discard Process
  • 6.1. Recyclable
  • 6.2. Reusable
  • 6.3. Degradable
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
  • 7.1. Chemicals
  • 7.2. Food & Beverages
  • 7.3. Consumer Electronics
  • 7.4. Construction
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. UFP Technologies Inc.
  • 18.2. Bumaga BV
  • 18.3. Oji Fibre Solutions
  • 18.4. WestRock Company
  • 18.5. Ahlstrom Corporation
  • 18.6. Sonoco Products Company
  • 18.7. Pratt Industries Inc.
  • 18.8. KapStone Paper and Packaging Corp.
  • 18.9. Mayr-Melnhof Karton AG
  • 18.10. Rengo Co. Ltd.
  • 18.11. Mondi Group
• 19. Assumptions & Acronyms Used
• 20. Research Methodology