In this Palm Fiber Packaging Market report, industry trends have been explained on the macro level which makes it possible to summarize the market landscape and probable future issues. The report analyses and estimates general market drivers in the form of consumer demand, government policy and demand which are related to consumer buying pattern and thereby market growth and development. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. Palm Fiber Packaging report is also useful when launching a new product or expanding the business regionally or globally.
The palm fiber packaging market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.1% in the forecast period of 2022 to 2029 and is expected to reach USD 855,177.52 thousand by 2029.
Market Overview
Palm fiber is a biodegradable fiber that is obtained from palm tree products such as leaves, fruits. Palm fiber has gained immense popularity in the packaging sector, as these by-products are eco-friendly and have the potential to replace plastic usage in the packaging industry. Palm fibers are extracted using two methods; one of the methods of extracting is via palm fruits. Palm oils are extracted using fruits, and the waste generated after oil extraction can be used for palm fiber. Another method of extraction is via chemical processes where palm leaf sheath is used to extract fiber by treating chemical degumming process at 100°C for 2 hours and 30 min. Palm fiber has various benefits, such as it is inexpensive, naturally available, and have less carbon footprint than others.
Palm Fiber Packaging Market Country Level
Some of the major players operating in the palm fiber packaging market are Heng Huat Resources Group Berhad, CKF Inc., Global Green Synergy Sdn. Bhd., Nextgreen Global Berhad, PALM CO., PalmFil, ADVANCED PAPER FORMING, buhl-paperform GmbH, Dentas, Atlantic Pulp, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The palm fiber packaging market is segmented on the basis of source, process, product and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of source, the Asia-Pacific palm fiber packaging market is segmented into wood and non-wood. In 2022, the non-wood segment is expected to hold a larger share in the palm fiber packaging market due to factors such as growing demand for bio-degradable packaging in FMCG globally, leading to a huge demand for packaging products and disposable containers such as those made from palm leaf. Moreover, disposable containers made out of palm fibers have good strength and do not break or leak, which is expected to act as a major factor for the segment growth.
On the basis of process, the Asia-Pacific palm fiber packaging market is segmented into thermoforming, thick wall, transfer, others. In 2022, the thermoforming segment is expected to hold a larger share in the palm fiber packaging market. Factors such as growing demand for bio-degradable thermoformed palm fiber among consumers are expected to boost the segment growth. Thermoformed palm fiber food packaging products such as food trays, plates, cups, and others are widely used, which is expected to act as a major driver for the segment growth.
On the basis of product, the Asia-Pacific palm
global fiber packaging market is segmented into plates, trays, cups, clamshell, bowls, and others. In 2022, the trays segment is expected to hold a larger share in the palm fiber packaging market due to growing awareness among consumers in using eco-friendly products, increased usage of packaging products for ceramic trays and other products. Palm fiber products are equally good in providing safety for such commodities, which is expected to be a major reason for the segment growth.
On the basis of application, the Asia-Pacific palm fiber packaging market is segmented into food & beverages, industrial, cosmetics, logistics, electrical & electronics, pharmaceuticals, others. In 2022, the food & beverages segment is expected to hold a larger share in the palm fiber packaging market due to the growing demand for eco-friendly products, which helps preserve the environment. FMCG sectors have the largest share in packaging requirements where huge quantities of plastics are used for packaging with the adoption of bio-degradable products for packaging such as palm fibers, wood pulps, and others can cater to the segment growth.
Table of Content:
Chapter 1: Palm Fiber Packaging Market Overview
Chapter 1.1: Study Assumptions
Chapter 1.2: Scope of the Study
Chapter 2: Palm Fiber Packaging Market Economic Impact
Chapter 2.1: Analysis Methodology
Chapter 2.2: Research Phases
Chapter 3: Competition by Manufacturers
Chapter 3.1: Current Market Scenario
Chapter 3.2: Value Chain/Supply Chain Analysis
Chapter 3.3: Government Regulations and Initiatives
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 5.1: Market Drivers
Chapter 5.2: Market Restraints/Challenges
Chapter 5.3: Market Opportunities
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Market Analysis by Application
Chapter 8: Market by Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Geographic Analyses
Chapter 12: Palm Fiber Packaging Market Effect Factors Analysis
Chapter 13: Palm Fiber Packaging Market Forecast
Chapter 14: Future of the Market
Chapter 15: Appendix
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