[Industry Voice] The World of Molded Fiber, Packaging Ocean in an Eco-friendly Way!
With the implementation of the plastic restriction policy of the central and local governments, molded fiber products have become one of the mainstream substitutions for plastic ones.
200 billion yuan - this is the capacity which molded fiber molding market in China is expected to reach in 2025
Why does the market expect that molded fiber packaging industry in China will usher in such a big leap? What is behind is the enormous motivation from the two hands: policy guidance and market demand.
Visible hand - policy guidance, paving the way for industry development
With the implementation of the plastic restriction policy of the central and local governments, molded fiber products have become one of the mainstream substitutions for plastic ones. It has been with rising market position and importance thanks to its being eco-friendly, sustainable and with relatively stable prices. The penetration rate of molded fiber product in the food packaging market is expected to reach 30% by 2025. (*Source: Qianzhan Industry Research Institute)
In the convenience food, fresh food and catering takeaway industries, the main application areas of molded fiber products, policies are also "pressing step by step". The living space of traditional disposable plastic products is becoming increasingly narrow, and consumers are increasingly sensitive to whether products meet the concept of sustainable development. End users of major brands urgently need to change this situation.
The invisible hand - demand blowout, pointing out the direction for the development of the industry
After several years of rapid development, China's food delivery market has gradually matured. The scale of food delivery industry in China exceeds 650 billion yuan. On the other hand, due to the rise of the concept of "petty bourgeoisie, staying at home", the convenience food industry of old bottles of new wine has a second spring, and the market size has reached nearly 500 billion yuan. In addition, consumers still have a stable and high-frequency rigid demand for fresh food such as fruits and vegetables. In 2020, the market size of China's fresh food is nearly 2.16 trillion yuan.