The molded plastic packaging market will grow from USD 294.7 billion in 2025 to USD 450.55 billion by 2034, at a CAGR of 4.83% during this period. Consumers are pushing for eco-friendly packaging, and molded fiber being biodegradable, recyclable, and compostable meets this need. Food and beverage companies face strong pressure to adopt sustainable practices, and molded fiber packaging helps them cut plastic use and achieve their sustainability goals.
Molded Plastic Packaging Market Key Companies
Latest Industry Leader Announcements
- In August 2025, after an overall strategic approach, the Moulded Glass Business, Gerresheimer, which is an inventive solution and system provider and an overall partner for biotech, pharma, and cosmetic industries, has decided to classify sectors and subsequently initiate a sales procedure for the business unit.
- In February 2025, Bain Capital, which is a top private investment company, revealed a majority investment in the Milacron Injection Molding and Extrusion Procedure, which is a worldwide provider of highly engineered plastic processing services and equipment.
Recent Developments
- In March 2025, LyondellBasell, which is the top company in the chemical industry, revealed the launch of Pro-Fax EP649U, and the latest polypropylene effect copolymer crafted for the rigid packaging market. This inventive product is particularly formulated for thin-walled injection moulding, which makes it perfect for food packaging solutions.
- In April 2025, Coveris, a top manufacturing producer, revealed SleeveFlex R stretch, the latest circular stretch sleeve solution that is made up to 75% recycled content. It is being disclosed at Plastics Recycling Show Europe, an invention set at a new sustainable benchmark in the stretch sleeve market and compliance with the Packaging and Packaging Waste Regulation ( PPWR).
- In January 2025, Cirkla revealed a sustainable packaging solution, which is known as the worlds primary molded fiber Modified Atmosphere Packaging Trays, that reduces plastic trays by nearly 85%. They are being crafted for storing fresh and frozen food like meat, as their innovative trays serve a high-performance and eco-friendly solution to regular plastic trays.
- In March 2025, the North Rhine-Westphalia-based packaging producer Jokey is expanding its product profile to include a PET Packaging solution generated using the injection stretch blow moulding (ISBM) procedure, which counts the highest possible ratio of recycled rPET plastic, and the raw material for this is derived from post-user waste collection.
