Fiber Based Packaging Market Size, Share, and COVID-19 Impact Analysis, By Material (Paper, Pulp, and Others), By Product Type (Cartons, Clamshells, Bags & Pouches, Corrugated Boxes, and Others), By End User (Food & Beverages, Consumer Electronics, Healthcare, E-commerce, Personal Care & Cosmetics, and Others), and Regional Forecast, 2024-2032

Recyclable, reusable, or biodegradable materials produce fiber packaging. Fiber packaging is environmentally friendly packaging and also an alternative to plastic. As the packaging is water and temperature resistant and holds good durability, manufacturers use it as the best plastic alternative, thus driving the market growth. The rise in the demand for sustainable packaging for food & beverages will propel the growth of this market as it offers safe packaging. Many hazardous chemicals are used in the pharmaceutical industry and need special care for handling and non-toxic and safe storage material. Fiber drums provide that safety, further boosting the market growth.

• For instance, in January 2023, a global customized packaging provider, Knoll Packaging, launched a series of make-up compacts made from 100% molded pulp. The molded pulp is a plant material made from bamboo, sugarcane, and wood fiber, the best alternative to thermoformed plastic. These designs are magnet free and have a removable mirror.

Due to changing consumer preferences, the augmenting demand for packed food and ready-to-eat meals will contribute to fiber based packaging growth. The rise in the consumption of healthy and carbonated drinks among the young generation will propel market growth, especially in the beverages sector. Increased online outlets and e-commerce activities encourage manufacturers to choose sustainable packaging solutions. The growing use of personal care and cosmetics products and changing consumer habits of consuming these products regularly will drive the market of the personal care & cosmetics industry, which in turn enhances the growth of fiber based packaging market. The increasing government regulations regarding the ban on plastic also foster market growth.

Polyfluoroalkyl substances (PFAS), artificial chemicals, are very harmful to the health and environment, and many manufacturers have been using them during fiber production. It can hamper the growth of the fibre based packaging market. The lack of equipment and production units is also anticipated to impede the fiber based packaging market growth. During every recycling of the materials, the product's quality gets poorer, limiting the growth of this market.

IMPACT OF COVID-19 ON THE FIBER BASED PACKAGING MARKET

The inevitable coronavirus has negatively impacted all industries as there were strict government regulations, manufacturing units were shut, and there was a disruption in the supply chain. Fiber based packaging saw negative impacts of COVID-19. However, post-COVID-19, there was a sharp rise in this market as everybody was seeking sustainable products and alternatives to plastic. The increase in e-commerce activities is estimated to boost the fiber based packaging market's growth during the post-pandemic era. Moreover, the changes in consumer preferences towards food and health-related products will help fuel the fibre based packaging market.

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Fiber Based Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Fiber Based Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on the material, the market is segmented into paper, pulp, and others. The paper segment holds the largest share in fiber based packaging market. Paper is widely available, economical, and light weighted. It is easy to recycle and help propel this segment's growth.

ANALYSIS BY PRODUCT TYPE

Based on the product type, the market is segmented into cartons, clamshells, bags & pouches, corrugated boxes, and others. The corrugated box segment dominates the market of the fiber based packaging market. These boxes are very easy to handle and spacious. The application of corrugated boxes as secondary packaging in many end-use industries, such as consumer electronics, healthcare, households, etc., will help in thriving the growth of this segment.

ANALYSIS BY END USER

Based on the end user, the market is segmented into food & beverages, consumer electronics, healthcare, e-commerce, personal care & cosmetics, and others. Food & beverages dominate the fiber based packaging market. The rising popularity of sustainable packaging among restaurants and food supply chains will boost the growth of this segment. An increase in the intake of packed, frozen, and ready-to-eat food will fuel the growth of the food & beverage segment.

REGIONAL ANALYSIS

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The fiber based packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the market of global fiber based packaging market. The significant increase in the demand for processed food and already established e-commerce giants contribute to the growth of this region. Asia Pacific is the fastest-growing fibre based packaging region due to the rising consumer electronics sector. China is the world's biggest exporter of electronic goods, which will fuel this region's growth. European fiber-based packaging market will experience rapid demand owing to the strict government regulations towards using sustainable products and awareness among consumers. Latin America is forecasted to grow steadily due to the rising food & beverage industry. The Middle East & African market will grow at a moderate rate. The rapid demand in the personal care & cosmetic industry will enhance the growth of this segment.

KEY PLAYERS COVERED

The report will include profiles of key players such as UFP Technologies Inc., Oji Fibre Solutions, WestRock Company, Ahlstrom Corporation, Rengo Co. Ltd., AR Packaging Group AB, BillerudKorsnäs AB, Brodrene Hartmann A/S, International Paper Company, Georgia-Pacific LLC, among others.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• June 2022: Zume and Solenis collaboratively launched PFAS-free molded fiber food packaging. PFAS is a group of chemicals that has water and grease-resisting properties. The molded fiber is recyclable from agricultural waste like bamboo, straw, wheat, etc.


• February 2022: Scandicore and PulPac launched the first paper tube lid made with dry-molded fiber technology. This technology efficiently replaces single-use plastic with sustainable fiber-based alternatives at very economical prices.


• September 2022: Cullen Packaging introduced fully recyclable bottles to reduce the number of single-use plastic bottles and pouches. These bottles are made of natural and material, recycled cardboard that makes them biodegradable.