The global molded fiber tray market size accounted for USD 3,400 million in 2024 and is expected to exceed around USD 4,937 million by 2034, growing at a CAGR of 3.8% from 2024 to 2034.
The molded fiber trays market deals with eco-friendly, biodegradable and sustainable packaging. Molded fiber trays have gained a wide preference in the food and beverages packaging industry. Due to a focus on cutting plastic usage, this market has experienced plant-derived molded fiber trays being introduced. In addition, the sharp growth in vegan and plant-based diets is giving birth to a demand for dietary-relevant and ethical packaging alternatives.
In addition, the growing micro-farming and urban farming, increasing on-the-go and convenience lifestyles, rising technological advancements, increasing online shopping, increasing food delivery industry, increasing emphasis on reducing plastic waste and rise in hospitality and tourism industry are the major factors expected to enhance the growth of the molded fiber trays market during the forecast period.
Published by Vidyesh Swar
