Global molded fiber packaging market 2017-2021

According to a new report by Technavio, the global molded fiber packaging market will grow at a CAGR of more than 7% by 2021. The report identifies Huhtamaki, UFP Technologies, Moulded Fibre Product, and Henry Moulded Products as the key vendors. Characterized by the presence of several large and small scale vendors, the market appears to be highly fragmented.
The rising demand from egg packaging manufacturers is one of the primary growth factors for this market. Molded fiber is widely used for egg packaging. This increased preference is mainly due to the optimal protection it offers that eliminates breakage throughout the supply chain, right from storage and distribution to transportation.
Click here for more information about the report.

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