North America Molded Fiber Packaging Market Size & Outlook
North America molded fiber packaging market, 2018-2030 (US$M)
North America molded fiber packaging market highlights
- The North America molded fiber packaging market generated a revenue of USD 2,014.1 million in 2023.
- The market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, wood pulp was the largest revenue generating source in 2023.
- Wood Pulp is the most lucrative source segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 2,014.1 million |
| Market revenue in 2030 | USD 2,789.5 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Wood pulp |
| Fastest growing segment | Wood Pulp |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wood Pulp |
| Key market players worldwide | Brødrene Hartmann, CKF, TEQ Thermoform Engineered Quality, Genpak, Eco Products, Pro-Pac Packaging (Aust) Pty Ltd, Fabri-Kal, Sabert Corp. |
Other key industry trends
- In terms of revenue, North America region accounted for 24.5% of the global molded fiber packaging market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,031.6 million by 2030.
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Molded Fiber Packaging Market Scope
Molded Fiber Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America molded fiber packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to molded fiber packaging market will help companies and investors design strategic landscapes.
Wood pulp was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America molded fiber packaging market based on wood pulp covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing digitization and focus on reducing the use of plastics, especially in packaged food and foodservice industry, are expected to augment the demand for molded fiber packaging. Regulations pertaining to environmental safety and rising need for easy disposal are expected to drive the demand for bio-based materials in packaging applications.
This is expected to boost the overall market growth in the coming years. In November 2021, ProAmpac Intermediate, Inc. the U.S.-based leading in flexible packaging has acquired Irish Flexible Packaging and Fispak from their parent company, IFP Investments Limited.
With these acquisitions, ProAmpac advances its strategy to expand in Europe and the United Kingdom by further enhancing its existing product offering with a strong portfolio of sustainability-focused flexible packaging capabilities.
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Target buyers of North America molded fiber packaging market databook
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Our clientele includes a mix of molded fiber packaging market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America molded fiber packaging market , including forecasts for subscribers. This continent databook contains high-level insights into North America molded fiber packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America molded fiber packaging market
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