Molded Fiber Pulp Packaging Market

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 to be valued at US$ 7,562.6 Million by end of year 2022
• The trays product type segment likely to expand at a CAGR of 5.9% until 2030
• In 2022, the primary packaging application segment accounted for the largest market share and expected to grow at 5.7% CAGR during the forecast period.
• In 2022, the food and beverage end use segment accounted for the largest market share and expected to grow at 5.6% CAGR during the forecast period.
• Asia Pacific region is expected to remain the prominent region in the global market and is estimated to remain the fastest growing region
• Molded fiber pulp packaging market is expected to increase 1.54X times during the forecast period of 2022 to 2030

 

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

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

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.

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