Molded Pulp Packaging Market | 2023-2030 Forecast Analysis
Triton Market Research presents the Global Molded Pulp Packaging Market report sectioned by Source (Wood Pulp, Non-wood Pulp), Product (End Caps, Trays, Clamshells, Bowls & Cups, Plates, Other Products), Application (Healthcare, Food Packaging, Food Service, Industrial, Electronics, Other Applications), Molded Type (Thermoformed, Thick Wall, Processed, Transfer), and Regional Outlook (Middle East and Africa, Latin America, North America, Asia-Pacific, Europe).
The report further includes the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter’s Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Regulatory Framework, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).
As per Triton’s analysis, the global molded pulp packaging market is deemed to register revenue growth at 7.19% of CAGR during the forecast period 2023-2030.
Molded pulp packaging material is produced from fibrous materials like recycled paper, wood pulp, etc. This packing solution is widely adopted for food packaging, electronics, and other applications.
Factors such as a surge in demand for customized molded pulp packaging and the growing food delivery sector created novel opportunities for the studied market. The food delivery sector has grown considerably over the past few years, accelerated by COVID-19. With the rising demand for ready-to-eat food products, there is a high demand for novel packing solutions. In this regard, molded pulp packaging has emerged as a cost-effective, lightweight, and eco-friendly solution as opposed to traditional plastic packaging.
However, fluctuating raw material costs and stringent government regulations hamper the development of the molded pulp packaging market.
Globally, Asia-Pacific is anticipated to observe the fastest growth over the forecasted phase. The region’s growth is fueled by the rising disposable income and high population base that has increased the demand for food products. In China, the food and beverage industry has witnessed substantial growth, leading to high demand for new packaging solutions like molded pulp. Besides this, the rising demand for consumer electronics has created the demand for pulp packaging, further adding to the market’s growth.
The well-known companies in the molded pulp packaging market are Genpak LLC, UFP Technologies Inc, Huhtamaki OYJ, Sonoco Products Company, Sabert Corporation, Brodrene Hartmann AS, Eco-Products Inc, Fabri-Kal, Pro-Pac Packaging Group, and Thermoform Engineered Quality LLC.
Transfer molded pulp packaging is widely used in food packaging applications due to features like air permeability, extended shelf life, etc. This molded type also restricts damage to products, which has made it beneficial in packaging perishable and fragile food products, including eggs and alcoholic beverages.
