The global sales of molded fiber end caps are estimated to be worth USD 1.5 billion in 2021 and are anticipated to reach a value of USD 2.4 billion by 2031. Sales are projected to rise at a CAGR of 4.7% over the forecast period between 2021 and 2031. The revenue generated by molded fiber end caps in 2020 was USD 1.4 billion.
The molded fiber end caps market is growing at a significant rate owing to the higher demand for sustainable and eco-friendly packaging solution alternatives. Growing consumer awareness about the use of environmentally friendly products in most industries has significantly driven the demand for molded fiber end caps. Other factors driving the molded fiber end caps market include rapidly increasing regulations against single-use plastics, coupled with enlargement in e-commerce.
Such trends are seen as an innovative design to improve functionality and performance. Advancement in manufacturing technologies is further improving the quality and cost-effectiveness of molded fiber end caps; hence, this market is likely to grow continuously by the industries in search of greener alternatives to traditional packaging.
Global Molded Fiber End Caps Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.4 billion |
| Estimated Size, 2021 | USD 1.5 billion |
| Projected Size, 2031 | USD 2.4 billion |
| Value-based CAGR (2021 to 2031) | 4.7% |
Molded fiber end caps are primarily meant for providing the vibration and shock resistance essential across many packaging applications. Moreover, the molded fiber end caps are extremely cost efficient against other forms of packaging and help in saving significantly in terms of storage and shipping costs.
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Increasing demand for molded fiber end caps from industrial and electrical applications is one of the major factors driving the demand for molded fiber end caps. The molded fiber end caps provide cushioned packaging for the industrial products which helps in securing the product and maintains the product.
Moreover, there has been a rise in demand for fiber end caps owing to its environmental benefits and hence a large number of companies are adopting the molded pulp end caps and edge guards for their interior packaging needs.
On the basis of molded type, the sensor market has been bifurcated in to thick wall, transfer, thermoformed, and processed molded types. Out of which, the transfer molded type segment is anticipated to hold the largest share of the market.
The growth of the segment can be attributed to the high demand in food packaging industry owing to its advantages, such as air permeability and hygroscopic properties, which actually help in extending the shelf life of food products. However, thick wall molded type segment is anticipated to grow at a significant CAGR over the forecast period. The growth of this segment can be attributed to growing demand for packaging of industrial products.
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USA happens to be one of the largest markets for molded fiber end caps across the globe. The growth in USA is attributed to the presence of established players such as Genpak LLC, Eco-Products, Pro-Pac Packaging, and UFP Technologies, among others.
Moreover, growing food industry in the USA with increasing restaurants and food service outlets is one of the major factors responsible for rise in demand for fiber end caps. Furthermore, fiber molded end caps are extensively used in the packaging of non-electronic products, such as cosmetics, personal care, and medicines, which is expected to further drive the demand for fiber molded end caps market in the USA during the forecast period.
The demand for molded fiber end caps in Europe has been on the rise. The growing disposable income coupled with the growth of e-commerce and food delivery services is one of the major factors responsible for the rise in demand for molded fiber rend caps in the region.
Fiber molded packaging happens to be an environmentally-friendly substitute to expanded polystyrene packaging and others, and also possesses excellent dampening and cushioning properties. Owing to this, a large number of companies are turning towards the adoption of environmentally friendly methods of packaging.
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Some of the leading providers of molded fiber end caps include
Companies operating in the market are focused on offering innovative as well environmentally friendly molded fiber end caps for packing. For instance, UFP Technologies is offering protective packaging for Lexmark, an ink-jet printer manufacturer. The packaging comprises of cushions which are placed manually on each end of the plastic-bagged ink-jet printers. The molded fiber cushions act as a means of protective packaging for the printers.
The report 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 report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Source 6.2. Molded Type 6.3. Application 7. Global Market Analysis and Forecast, By Source 7.1. Wood Pulp 7.2. Non-wood Pulp 8. Global Market Analysis and Forecast, By Molded Type 8.1. Thick Wall 8.2. Transfer 8.3. Thermoformed 8.4. Processed 9. Global Market Analysis and Forecast, By Application 9.1. Food Packaging 9.2. Food Service 9.3. Electronics 9.4. Healthcare 9.5. Industrial 9.6. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia & Pacific 10.6. Middle East & Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Source, Molded Type, and Application for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. PAPACKS Sales GmbH 19.2. Brødrene Hartmann A/S 19.3. UFP Technologies 19.4. Thermoformed engineered Quality (TEQ) LLC 19.5. Genpak LLC 19.6. Eco-Products 19.7. Pro-Pac Packaging 19.8. PrimeWare-by PrimeLink Solutions 19.9. Fabri-Kal 19.10. Henry Molded Products 19.11. EnviroPAK Corporation 19.12. Genpak, LLC 19.13. Fabri-Kal 19.14. Pacific Pulp Molded 19.15. Sabert Corporation 19.16. Protopak Engineering Corporation 19.17. Cellulose de la Loire 19.18. Others.
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Molded Fiber End Caps Market
