Molded Fiber Cup Market Overview
Foodservice packaging has evolved over the years to comprise a wide range of products for packaging such as trays, bowls, cups, etc. The evolution of sustainable packaging products helped in reduction of conventional packaging products. Molded fiber cups are one of them. Manufacturers of molded fiber cups manufacture molded fiber cups from pre-consumer recycled material such as paper & paperboard, which is gaining traction among consumers.
Rising consciousness regarding environment among consumers giving a push for the use of molded fiber cups as a replacement for conventional plastic cups. The global molded fiber cups market caters to massive foodservice industry which covers sales of molded fiber cup through the distribution channel which includes online and offline food service outlets for the consumers across the globe.
The key participants operating in the global molded fiber cups market are innovating raw materials used, and packaging designs to meet the desired sustainable objectives. Molded fiber cups finds a broader range of applications including institutional, food service outlets, restaurants, cafeterias, etc. The demand for the molded fiber cups is going to flourish during the forecast period due to wider consumer acceptance for its sustainability.
Molded Fiber Cup Market: Drivers & Restraints
The global molded fiber cup market is anticipated to have mostly positive outlook during the forecast period. Molded fiber cup manufacturers offer molded fiber cups in a variety of capacities and colors. The key driver driving the market is the increase in the number of food service outlets, in emerging as well as the developed economies globally. Molded fiber cups are rapidly replacing the conventional plastic cups due to better recyclability and sustainability.
Molded fiber cups are 100% recyclable which makes them an ideal choice of preference for end-use consumers. Stringent government rules and regulations against the use of the plastic consumable products are pushing the demand for molded fiber cups in the global molded fiber cups market during the forecast period.
Despite the positive outlook, there are some factors that might hamper the growth of the global molded fiber cup market. One of the factors is the availability of alternative plastic cups which currently is a well-established market. The ongoing push for the ban of single-use plastic cups is proceeding at snail’s pace.
However, key developments, such as the complete ban of plastic cups by France is compelling other countries to follow suit. Until plastic cups are completely banned, the global molded fiber cup market is expected to face strong competition in the form of an alternative solution. There are very few manufacturers that are operating in the global molded fiber cup market.
Molded Fiber Cup Market: Regional Outlook
Globally, the molded fiber cup market is divided into seven key regions - North America, Western Europe, Latin America, Eastern Europe, the Asia Pacific excluding Japan, Middle East & Africa, and Japan. Asia Pacific excluding Japan, Middle East & Africa, and Japan. Europe and North America regions are anticipated to have more
Molded Fiber Cup Market: Some of the Key Players
Following are some of the key players operating in the molded fiber cup market are Huhtamaki Oyj and many more unorganized and local players are expected to contribute to the global molded fiber market during the forecast period.
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 molded fiber cup market trends, macroeconomic indicators and governing factors along with molded fiber cup market attractiveness as per segments. The report also maps the qualitative impact of various market factors on molded fiber cup market segments and geographies.
Molded Fiber Cup Market: Segmentation
The global molded fiber cup market has been categorized on the basis of capacity, distribution channel, and end-use industry.
On the basis of capacity, the global molded fiber cup market has been segmented as:
- Up to 100 ml
- 100 to 250 ml
- 250 to 500 ml
- 500 ml to 750 ml
- Above 750 ml
On the basis of distribution channel, the global molded fiber cup market has been segmented as:
- Departmental/Specialty Stores
- Online Sales
On the basis of end use, the global molded fiber cup market has been segmented as:
- Food Service Outlets