A recent report by Future Market Insights, expects the molded fibre wine packs market to reach a valuation of USD 3.5 Billion in 2022, and further to USD 8.1 Billion in 2032, at a CAGR of 8.7%. Manufacturers today are concentrating on wine packaging products that are recyclable and can preserve wine flavor for a longer period.
There are several packaging options available on the global market for molded fiber packaging that serves various product sectors. To meet the needs of specialized market niches, producers of molded fiber packaging consistently innovate in terms of design and use. One such specialized market sector that presents a potential business opportunity for package makers is wine packaging.
Due to their superior usefulness and material durability, molded fiber wine packs have lately acquired significant importance. Wine consumption is rising, which has increased demand for various packaging products. Wine is packaged safely for storage and transit in molded fiber wine packs. Since wine must be kept for a long time to improve its quality, molded fiber wine packs are a cheap packaging option.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2022 | USD 3.5 Billion |
| Projected Market Value in 2032 | USD 8.1 Billion |
| Growth Rate (2022 to 2032) | 8.7% CAGR |
Newspaper and water are the main ingredients of the 100% recyclable molded fiber wine packaging. Technology has made us less dependent on items with a petroleum foundation. Molded fiber wine packs are resistant to harm and have built-in bracing and blocking properties. Such features are expected to accelerate the global demand for molded fiber wine packs during the forecast period.
Molded fiber wine packs have lower storage and shipping costs since they take up less room than conventional materials like foam and cartons. Since raw materials and completed products are environmentally benign, manufacturers are ignoring further cost savings from "green levies" that are imposed on them.
Molded fiber wine packaging decreases the amount of space needed to dispose of it in a landfill and expands its market. "direct to consumer wine" is among the elements that are helping the market for molded fiber wine packets to grow. By cutting out the supply chain, several distributors are individually approaching customers to solicit orders.
The increase in customer interest in a "bag in box" packaging product, whose market is expanding as a result of its finished quality and distinctive designs, is one of the factors holding back the development of molded fiber wine packaging.
A prominent trend in this market revolves around the sustainability aspect of these products. As manufacturers move toward eco-friendly packaging solutions, the market for molded fiber wine packs is anticipated to expand globally. The market for European molded fiber wine packs is dominated by the UK.
Manufacturers are concentrating on strong, lightweight packaging options that can help minimize landfill activities. Wine sales are highest in New Zealand and Australia as well, thus there is a large market for molded fiber wine packs. With such skyrocketing demand, the global market for molded fiber wine packs will see an unexpected demand growth during 2022-2032.
The global molded fiber packaging market is abuzz with packaging solution that cater to diverse product segments. Manufacturers of molded fiber packaging are continuously innovating in terms of design and functionality in order to serve niche market segments.
Wine packaging has emerged to be one such niche market segment that offers lucrative business opportunity for packaging manufacturers. Molded fiber wine packs have recently gained crucial significance due to its effective functionality and material strength. Increasing consumption of wine has resulted into growing demand for packaging products.
Molded fiber wine packs provide safe packaging of wine during transportation and storage. Molded fiber wine packs are affordable packaging solution for wine as wine needs to be stored for prolonged duration to enhance the quality. Nowadays manufactures are focusing on packaging product which can retain wine taste for the longer time, as well as those which are recyclable.
Molded fiber wine packs are considered 100% recyclable and are made up of newspaper and water. With technological advancement, dependency on petroleum based products have decreased. Molded fiber wine packs have inbuilt bracing and blocking capabilities and resistance to any damage.
The global market for molded fiber wine packs have dynamic growth due to its inbuilt features and value. Molded fiber wine packs are mostly preferred by the manufactures as they can even sustain wine taste in humid areas. This has increased the self-life of wine as packaging is not affected by the heat or light.
Molded fiber wine pack provides perfect protection from microbes. It is mostly used for shipping wines as this material has natural resistance from pressure which makes wine safer. Molded fiber wine packs have reduced cost of transportation and storage cost as modeled fiber requires less space as compared to other material such as foam and boxes.
Extra cost saving from “green taxes” which are imposed on manufactures are getting neglected as raw material and finished product are ecofriendly. Molded fiber wine packs reduces the area required for landfilling this, further initiates its market.
One of the positive factors for increasing the sales for molded fiber wine packs market is “Direct to consumer wine”. Various distributors are personally contacting consumers to take orders by eliminating supply chain. One of the restraining factor for molded fiber wine pack is the rise in interest of consumers for a bag in box packaging product as its market is growing due to its finish and unique designs.
Global molded fiber wine pack market can be segmented into seven regions - North America, Western Europe, Japan, Asia Pacific Region, Middle East & Africa and Eastern Europe.
The global market for molded fiber wine packs is expected to grow as manufactures are turning towards sustainable packaging product. UK has maximum share in the European molded fiber wine packs market. Manufactures are focusing on compact and durable packaging solution which will reduce landfill activity. New Zealand and Australia also have maximum sales of wine, so there is great opportunity for the molded fiber wine pack market.
Some of the key players operating Heritage Pioneer Corporate Group, Huhtamaki Group, UFP Technologies, Inc., ALLPACK Solutions Inc., Western Pulp Products Company, KEYES Packaging Group, and Polar Tech Industries, Inc.
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.
The global market for molded fiber wine packs is segmented on the basis of product type and capacity type.
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Molded Fiber Wine Packs Market
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