Molded fiber end caps market is anticipated to grow at a CAGR of around 12% and is set to witness steady growth during the forecast period 2021-2031. 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.
What is Driving Demand for Molded Fiber End Caps?
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.
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Transfer Molded Type is Expected to Hold the Largest Share of the Molded Fiber End Caps Market By Molded Type
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.
US and Canada Molded Fiber End Caps Market Outlook
U.S. happens to be one of the largest markets for molded fiber end caps across the globe. The growth in U.S. 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 U.S. 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 U.S. during the forecast period.
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Europe Demand Outlook for Molded Fiber End Caps
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.
Who are the Key Manufacturers and Suppliers of Molded Fiber End Caps?
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.
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