Global Molded Pulp Packaging Market Report 2022:

Dublin, Sept. 30, 2022 (GLOBE NEWSWIRE) — The “Molded Pulp Packaging Market Size, Share, and Trend Analysis Report by Source (Pulp, Non-Wood Pulp), by Molded Type (Thermoformed, Transfer), by Product, by Application, by region and segment forecast, 2022-2030” report has been added to from ResearchAndMarkets.com offer.

According to this report, the global molded pulp packaging market size is expected to reach USD 9.11 billion by 2030, growing at a CAGR of 7.4% during the forecast period. Growing demand for sustainable eco-friendly packaging by end-users, growing awareness of waste management and environmental concerns over single-use plastic are considered major drivers for the molded pulp packaging market.

Escalating plastic production and consumption has become a major global environmental issue due to inefficient waste management systems. According to a report by the United Nations Principles for Responsible Investment (UNPRI), less than 20% of the world’s plastic is recycled each year. Plastic is a non-biodegradable substance, resulting in environmental pollution in which 40% of plastic waste worldwide comes from packaging. Therefore, end-use industries are moving towards sustainable packaging approaches, considering this global issue.

Lately, molded pulp wrappers have been limited to egg trays and some basic wrappers; however, demand has increased dramatically due to its long-lasting properties. Molded pulp packaging is fully renewable and biodegradable as it is made from various plant fibers.

Additionally, the Country Representative Survey indicated that 34% of households have shopped for groceries online more frequently since the start of the pandemic, and 60% of those households planned to continue shopping online. after the pandemic is over. The increase in online shopping has increased the demand for packaging materials for safe delivery. However, shortages of raw materials due to supply chain disruptions have driven up prices for packaging products.

Highlights of the Molded Pulp Packaging Market Report

  • The wood pulp segment dominated the market with a revenue share of 86.2% in the source segment in 2021. The abundant availability of virgin wood and waste paper at lower cost is responsible for the highest share of the segment in 2021.
  • The transfer type segment accounted for the highest share of 57.3% in 2021 owing to the high penetration of transfer molded pulp products such as shells and trays for fruit and egg packaging.
  • Trays became the dominant product segment with a revenue share of 41.6%. Wide availability, low cost and good shock absorbing capabilities for transporting fragile products, including glass beverage bottles, wine bottles, eggs and other glass products, have contributed to the highest share in the segment.
  • The electronics end-use segment is expected to grow at the highest CAGR of 8.8% during the forecast period. Several electronic products such as modems, set-up boxes, refrigerators, UPS and printers are packaged using molded pulp packaging products such as end caps. End caps protect electronic products during storage and transport
  • New product developments associated with mergers and acquisitions and capacity expansions are some of the strategies adopted by industry players. For example, in December 2019, Huhtamaki launched a line of packaging products called Future Smart Duo Fiber Lid, suitable for cold and hot drinks. It is a sustainable packaging solution produced from a mixture of bagasse and wood fibers

Market dynamics

Market Driver Analysis

  • Increased consumption of eggs and fresh fruit
  • Growing demand for sustainable packaging

Market constraints

  • Availability of alternative packaging products
  • Market challenges
  • Aesthetic limitation of molded paste products

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends and Scope

Chapter 4 Molded Pulp Packaging Market: Source Estimates and Trend Analysis

Chapter 5 Molded Pulp Packaging Market: Molded Type Estimates and Trend Analysis

Chapter 6 Molded Pulp Packaging Market: Product Estimates and Trend Analysis

Chapter 7 Molded Pulp Packaging Market: Application Estimates and Trend Analysis

Chapter 8 Molded Pulp Packaging Market: Regional Estimates and Trend Analysis

Chapter 9 Competitive Analysis

Chapter 10 Business Profiles

Companies cited

  • Brodrene Hartmann A/S
  • Huhtamaki Oyj
  • UFP Technologies, Inc.
  • Thermoform Engineered Quality LLC
  • Genpak, LLC
  • Eco-Products, Inc.
  • Pro-Pac Packaging Limited
  • Fabri-Kal
  • Henry Cast Products, Inc.
  • Sabert Company

For more information on this report, visit https://www.researchandmarkets.com/r/u9hpkz


        

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