Molded Fiber Trays Market - Growing at a Value of US$76.3 Mn Annually During 2017–2022
The global molded fiber trays market report offers a detailed assessment of the market dynamics, size and share of various segments, notable trends affecting the growth, lucrative avenues, key strategies adopted by key players, and the competitive landscape. The report evaluates the key factors driving prominent segments. It further takes a closer look at recent advancements in processing and manufacturing technologies in various regions. Taking a critical look at the market sizing of various segments over the historical period (2012–2017), the research employs analytical tools to arrive at reliable projection along the forecast period (2017–2022).
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The study tracks major developments in end-use industries and their impact on product demand. It also offers a detailed overview of supply chain and raw materials sourcing strategy and highlights the prevalent cost structure and pricing strategies. The report findings will guide market players to devise impactful strategies for their growth.The global molded fiber trays market was valued at US$1,777.0 Mn in 2017 and is projected to reach a valuation of US$2,422.8 Mn by the end of 2022. The market is anticipated to register a CAGR of 6.4% during 2017–2022.
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The wide demand for molded fiber trays in various packaging applications is driven by their sustainability, biodegradability, cost-effectiveness and versatility. The burgeoning demand for molded fiber tray packaging in the transportation and logistics industry is mainly attributed to several advantages such as durability, ease of handling, and superior protection.
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They are also witnessing prevalent demand in the food and beverages packaging industry as they can be made to fit any product size and enhances shelf-life by protecting food against hot and humid conditions. Constant advancements in processing methods and equipment and the growth of numerous end-use industries are key trends expected to open up lucrative avenues for market players in various regions.