Molded Fiber Pulp Packaging Market Overview
The report is titled as ‘Molded Fiber Pulp Packaging Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Molded Fiber Pulp Packaging market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Molded Fiber Pulp Packaging market is expected to grow with significant rate in the near future.
The molded fiber pulp packaging market is estimated to reach at a value of US$ 7,562.6 Mn by the end of 2022 and expected to reach at a value of US$ 11,630.7 Mn by 2030 with a significant CAGR of 5.5%
Molded Fiber Pulp Packaging Introduction
Molded fiber pulp can be understood as a disposable and eco-friendly raw material that is also renewable and generally wood-based. In most of the instances, fiber pulp is utilized to produce paper, board, tissue, specialty paper, and molded fiber packaging. A molded fiber pulp packaging can be perceived as a multifaceted packaging and can be employed not just for luxurious products but also as a preservative coating for consumables such as trays, food, bowls, plates, and so much more. Notably, it is essential to utilize sustainable packaging supplies for single consumption products such as food.
Molded fiber packaging, considering the fact that it can be reutilized and can be disposed of, has been named as sustainable packaging material by the Sustainable Packaging Coalition. In addition to that, with the help of technological upgrades and advancements in molded fiber and pulp manufacturing, the final outcomes are an elegant urbanity that adds another coating of intrigue to the unboxing experience. Molded fiber packaging, in present times, is employed for each and everything scaling from regular egg cartons to luxury packaging for deluxe and high-end brands. Moreover, as the society is aiming more and more attention on safeguarding the environment, molded fiber packaging is gaining much popularity for its appealing quality of being a genuinely sustainable alternative.
Growing demand for sustainable packaging to drive the market of molded fiber pulp
Packing provided social and economic benefits by using resources and materials as efficiently as possible. According to the Sustainable Packaging Alliance, packaging should be safe and cyclic by recovering through industrial or natural system in order to meet the sustainability criteria. Molded pulp is a eco-friendly and sustainable packaging material, companies are implementing policies and practices that demand sustainability and innovation finally focusing on molded pulp for the manufacturing of packaging substances. Packaging companies are expanding their possibilities of applications of molded fiber packaging, expanding the product capabilities ranging from traditional packaging of egg cartoons, cup carrying trays, etc. to wine packaging, cosmetics and cushion and inserts for mobile phones.
Key Takeaways from the Market Study
Molded Fiber Pulp Packaging Market Segmentation
The global molded fiber pulp packaging market is segmented on the basis of product type, application, end use, molded pulp type, and region
By Product Type
Drink Carriers
Boxes
End Caps
Plates
Bowls
Cups
Clamshell Containers
By Molded Pulp Type
Transfer Molded
Thermoformed Fiber
Processed Pulp
By Application
Secondary Packaging
Edge Protectors
By End Use
Food & Beverage
Egg Packaging
Wine Packaging
Fruit Packaging
Others
Cosmetics
Food Services
Healthcare
Automotive
Logistics
Others
By Region
North America
Latin America
Asia Pacific
Europe
Middle East
Africa
Molded Fiber Pulp Packaging Market Key Players
Some of the key participating players in global molded fiber pulp packaging market are:
UFP Technologies, Inc.
PulpWorks, Inc.
PulPac
AR Packaging
HUHTAMAKI GLOBAL
Hartmann
Sonoco
EnviroPAK
Nippon Molding
CDL Omni-Pac
Vernacare
Pactiv
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
Global Packaging Industry Outlook
Demand from Food and Beverage Industry
Healthcare Sector Growth Outlook
Growth in Automotive and Logistics
Top Companies Historical Growth Rate
Pricing Impact
Impact of Regulations
Growing packaging demand in food industry
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
Summarized Info | Details | ||
---|---|---|---|
Base Year: | 2021 | Forecast Period: | 2022-2030 |
Key Geographies: |
|
||
Market Segmentation: |
|
||
Key Players: |
UFP Technologies, Inc., PulpWorks, Inc., PulPac, AR Packaging, HUHTAMAKI GLOBAL, Hartmann, Sonoco, EnviroPAK, Nippon Molding, CDL Omni-Pac, Vernacare, Pactiv, among others. |
||
Report Coverage: |
|
||
Market Size: | US$ 7,241.7 Mn in 2020 | CAGR: | X.X% |
To learn more about this report, request a free sample copy
The molded fiber pulp packaging market is estimated to reach at a value of US$ 7,562.6 Mn by the end of 2022 and expected to reach at a value of US$ 11,630.7 Mn by 2030 with a significant CAGR of 5.5%
The base year for the report is 2021 in molded fiber pulp packaging market.
Global Molded Fiber Pulp Packaging Market, By Product Type (Trays, Drink Carriers, Boxes, End Caps, Plates, Bowls, Cups, Clamshell Containers), By Molded Pulp Type (Thick wall, Transfer Molded, Thermoformed Fiber, Processed Pulp), By Application (Primary Packaging, Secondary Packaging, Edge Protectors), By End Use (Consumer Durables, Food & Beverage (Egg Packaging, Wine Packaging, Fruit Packaging, Others), Cosmetics, Food Services, Healthcare, Automotive, Logistics, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030
Key participating players in the molded fiber pulp packaging market globally are UFP Technologies, Inc., PulpWorks, Inc., PulPac, AR Packaging, HUHTAMAKI GLOBAL, Hartmann, Sonoco, EnviroPAK, Nippon Molding, CDL Omni-Pac, Vernacare, Pactiv, among others.