The Molded Fibre Clamshell and Container market is estimated to grow at a CAGR of 6.38% to reach a market size of US$2227.439 million in 2024 from US$1537.137 million in 2018. Molded Fibre are packaging materials produced from recycled paperboard. Molded fibre clamshell and containers are used for safe packaging of electronics consumer goods and food & beverages. The rising preference for eco friendly packaging is expected to be a key driver for the market. Further, governmental support for recyclable material for packaging is anticipated to boost the market in the upcoming years. Moreover, growing food and beverage industry along with demand for light weight and safe packaging is expected to drive the market for molded fibre clamshell and container market during the forecast period. The market has been segmented on the basis of molded pulp type, end use and geography. In the end use segment, food & beverage is anticipated to hold a significant market share due to the augmenting demand for light weight and efficient packaging. Geographically, North America is projected to be a significant region owing to the presence of major players in the region. Asia Pacific is also anticipated to grow substantially on account of rising food & beverage industry in the region.
Growing food & Beverage industry.
Rising demand for consumer durables.
Availability of substitutes
In November 2018, WestRock Company acquired KapStone paper and Packaging with an aim to expand their portfolio of paper and packaging solutions.
The major players profiled in the Molded Fibre Clamshell and Container market include Pactive LLC, Fibrecel, Keyes Packaging Group, ESCO Technologies Inc., EnviroPak Corporation, Henry Molded Products Inc., Huhtamaki Group, West Rock Company, UFP Technologies Inc. and Biodegradable Packaging for Environment Co. Ltd. among others.
The Molded Fibre Clamshell and Container market has been analyzed through the following segments:
By End Use
Food and Beverage
Middle East and Africa