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.
The global artificial intelligence (AI) in healthcare market is set to progress at..
The global market for gaming is expected to advance with a CAGR of 11.45% in reven..
The global energy retrofit system market is set to progress with a CAGR of 4.05% d..