Packaging Industry and MFC Fiber Manufacturers’ Collaborations Boost MFC Fiber Market Growth || Key Players: SAPPI, Norkse Skog, FiberLean Technologies Limited, CelluComp Ltd.
Consumption of MFC fibers is estimated to surpass 5,580 tons, with an impressive 11.3% Y-o-Y growth in 2018 over 2017, according to Fact.MR’s new study. Fact.MR study opines that demand for MFC fibers as a performance enhancer agent is expected to register over 65% of the MFC fiber demand in 2018. As a performance enhancer agent, MFC fibers are used as a rheology modifier, thickening agent and strengthening agent.
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“As manufacturers identify the potential of MFC fibers to develop fiber products with greater performance, R&D investments are on their peak in the MFC fiber market. Although talking about supply trend forecast is difficult, considerable interest in developing scale-up processes of MFC fibers will translate in profitability of the MFC fiber industry in the future,” says a senior analyst at Fact.MR.
The MFC fiber market report is divided exhaustively studied for multiple market facets and a market structure has been derived. MFC fiber market is segmented on the basis of application and end-use industry. MFC fiber market has been studied for applications including barrier films and performance enhancer. End-user industries of MFC fiber market include paper, packaging, food, paints & coatings, personal care and others.
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The market structure of the MFC fiber market also covers regional analysis wherein MFC fiber market is studied for key regions including North America, Latin America, Europe, CIS/Russia, Japan, APEJ and the Middle East and Africa (MEA).
The study estimates that packaging and dairy industries presented a comparable demand for MFC fiber in 2017 and both will collectively report over 64% of the volume share in 2018. Incorporation of MFC fibers in packaging fiber materials is known to deliver lighter, stronger and most buzzing eco-friendly packaging material. Further, FDA’s addition of MFC fibers in the inventory of Food Contact Substances (FCS) Notification will push the utilization of MFC fibers in dairy product packaging.
High potential of MFC fiber to replace plastic and growing emphasis on the development of renewable and biodegradable packaging solutions are key factors fuelling the utilization of MFC fibers across multiple end-use applications.
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