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Global Wood Fiber Packaging Market
According to a new market research report published by Global Market Estimates, the Wood Fiber Packaging Market will grow with a CAGR value of around 7.5 percent over the forecast period.
Browse TOC on “Global Wood Fiber Packaging Market – Forecast to 2026” https://www.globalmarketestimates.com/market-report/wood-fiber-packaging-market-3476
By Type (Thick Wall, Transfer, Thermoformed, Processed), By Product (Trays, Boxes, Clamshell Containers, End Caps), By End-User (Food, Electronics, Healthcare, Industrial), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Browse the Report @ https://www.globalmarketestimates.com/market-report/wood-fiber-packaging-market-3476
Wood Fiber Packaging is an eco-friendly packing solution finding applications in numerous food and non-food industries. Rising consciousness among consumers and various industries to eradicate plastic usage and adopt environmentally friendly packing solutions will drive the global wood fiber packaging demand. Product safety in terms of prevention from contamination, optimal temperature, and shock absorbance are major properties to drive the adoption of these packaging solutions.
Trays led the product segment demand
Wood fiber-based trays led overall product consumption in 2019. Economically, easy transitioning, and product safety are key attributing factors to drive demand in this segment. These packing products find major applications in the packing of eggs and wine bottles due to their superior shock absorbance during the product transition from one place to another.
Food applications dominated the industry
The global wood fiber packaging market is noticing high product demand from the food packing industry. Most of the consumption was witnessed in this segment. Food industry expansion along with the increasing trend of on-the-go snacks, ready-to-eat meals, and beverages are the major attributing factors to drive demand in this segment.
Europe holds a promising future
The European wood fiber packaging market will observe significant growth during the forecast period. The presence of a large number of restaurants, food outlets, and online food ordering services accompanied by increasing penetration of sustainable packaging solutions will drive the regional industry growth. Increase in the number of online sale of grocery products has induced the adoption of packing solutions that helps in saving the product from contamination and shock absorption during the transition period.
Product customization and partnership with the raw material providers are the prime strategies
Key notable industry participants are Kiefel Packaging, J. Rettenmaier & Söhne Gmbh + Co Kg, International Paper, Pulpac, Fiber Cell Packaging LLC, Huhtamäki Oyj, Brødrene Hartmann A/S, Paptic, Stora Enso, Metsä Group, Hexsa, Henry Molded Products, Inc., Eco-Products, Inc., Nippon Mold Industry Corporation, and Sonoco Products Company.
The global wood fiber packaging company market share is fragmented and competitive due to the wide product availability in domestic and international markets. New product development in terms of shape, size, form, and material combination accompanied by high investment in product customization to improve packing purpose are key expert strategies observed in the industry.
Type Outlook (Revenue, USD Million, 2021-2026)
• Thick Wall
• Transfer
• Thermoformed
• Processed
• Others
Product Outlook (Revenue, USD Million, 2021-2026)
• Trays
• Boxes
• Clamshell containers
• End caps
• Others
End-User Outlook (Revenue, USD Million, 2021-2026)
• Food
• Electronics
• Healthcare
• Industrial
• Others
Regional Outlook (Revenue, USD Million, 2021-2026)
North America
• U.S.
• Canada
Europe
• Germany
• UK
• France
• Italy
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com
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Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world’s well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.
This release was published on openPR.
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