29-Jan-2020 | Zion Market Research
As per Zion Market Research, the global molded pulp packaging market in 2019 was valued at USD 3.7 billion and is projected to surpass USD 5 billion by 2025, with a CAGR of 4.7% in the forecast period. The molded pulp packaging market is anticipated to witness elevated development owing to factors such as growth in requirement from the electronics, food packaging, and healthcare sectors; the increment in the middle-class population; and fondness for sustainable and convenient packaging in the market. Moreover, an elevation in requirement for convenient and protective packaging in the electronics segment is influencing the development of the market.
The molded pulp packaging market is ruled by behemoths such as UFP Technologies, Brødrene Hartmann A/S, Genpak LLC, TEQ LLC, Pro-Pac Packaging, Fabri-Kal, Eco-Products, EnviroPAK Corporation, PrimeWare-by PrimeLink Solutions, Sabert Corporation, Henry Molded Products, Cellulose de la Loire, Pacific Pulp Molded, and Protopak Engineering Corporation.
Transfer Molded Segment Expected To Lead The Molded Pulp Packaging Market In The Forecast Period
Molded pulp packaging market’s transfer molded segment is expected to add up for the biggest molded pulp packaging market share, in terms of volume and value, from 2019 to 2025. The elevating awareness for better packaging and increasing urbanization as well as rising environmental consciousness amongst users are some of the factors responsible for the elevated employment of molded fiber packaging. This type of packaging not only offers defense but also avoids breakage at the time of transit all over the supply chain. Even though the requirement for recycled packaging has been developing over time, molded fiber has conventionally been related to goods such as cup carrying trays, egg carton packaging, and box inserts that had restricted user appeal.
Bowls Segment To Clock The Uppermost Growth During The Forecast Period In The Molded Pulp Packaging Market
The tray section is anticipated to get back its dominance all over the forecast period, due to the predicted elevation in the usage of fruits and eggs in the coming period together with its attributes such as recyclability and less weight. The various benefits of molded pulp packaging regarding recyclability, sustainability, and sturdiness for different applications are accepted widely in the foodservice sector. The rising demand for recyclable, eco-friendly, and sustainable bowls make segment develop at the maximum CAGR during the forecast period in the molded pulp packaging market.
Molded Pulp Packaging Market In Asia Pacific Anticipated To Clock The Uppermost CAGR In The Coming Years
Asia Pacific is expected to be the quickest-developing area in terms of value in the molded pulp packaging market. This is credited to the existence of a rising number of molded pulp packaging production units in nations such as India, China, Indonesia, Australia, and Bangladesh in the Asia Pacific area. Moreover, these nations are the biggest exporters of packaging substances all over the world. Owing to affordable labor charges and accessibility of domestically created raw materials, makers prefer arranging production units for the manufacturing of the packaging sector in Asia Pacific nations.
This review is based on a report by Zion Market Research, titled “Molded Pulp Packaging Market by Molded Type (Transfer, Thick Wall, Processed, Thermoformed), Source Type (Non-wood and Wood), Product (Bowls, Trays, Plates, Cups, Clamshells), and Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025” report at https://www.zionmarketresearch.com/report/molded-pulp-packaging-market
The global molded pulp packaging market is segmented as follows:
By Source Type
By Molded Type
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