Molded Pulp Packaging Market To Grow Substantially At A CAGR Of 7.4% From 2024 To 2030

Molded Pulp Packaging Industry Overview

The global molded pulp packaging market size was estimated at USD 5.45 billion in 2023 and is expected to grow at a CAGR of 7.4% from 2024 to 2030.

Factors attributing to market growth include increasing demand for sustainable & eco-friendly packaging solutions and increasing demand from end-use industries such as food packaging, healthcare, food service, electronics, and others. Manufacturers are striving for maintain healthy competitive environment across market space by implementing various strategies. For instance, in July 2023, Tekni-Plex, Inc. announced opening of their facility in Ohio, for manufacturing of specialty molded pulp products, especially fiber-based egg cartons.

Gather more insights about the market drivers, restrains and growth of the Molded Pulp Packaging Market

Food packaging and foodservice industries together dominated North American molded pulp packaging market. This dominance can be correlated to huge demand for packaged food and on-the-go food serving. Commercial food service establishment accounted for over USD 813.4 billion of total food marketing system market and thus, emerged as a major segment of industry. Commercial food service category includes restaurants, caterers, cafeterias, fast-food outlets, and other institutions that prepare, sell, and serve food. With such institutions looking forward to new packaging solutions having minimal carbon footprint, molded pulp packaging market is expected to witness strong growth over coming years.

Trays dominated product segment in U.S. owing to growing awareness of environmental benefits of using sustainable packaging solutions, increasing demand for convenient and lightweight packaging options, and rise in e-commerce activities. Trays are widely used for packaging a wide range of products, including food items like fruits, vegetables, eggs, and meat. Demand for molded pulp trays is expected to continue to grow due to increasing demand for eco-friendly and sustainable packaging solutions.

Rising consumption of eggs and fresh fruits and growing demand for sustainable packaging are preponderance for molded pulp packaging market. Eggs are packaged in molded pulp trays and clamshells, which are then sold to restaurants, foodservice operators, and individual buyers. In addition, per capita egg consumption is increasing on a yearly basis across world. Thus, rising consumption of eggs, owing to expanding population, associated health benefits, and increasing demand for higher protein intake, is anticipated to drive demand for molded pulp packaging products, thereby propelling market growth.

Molded pulp bottles are typically made from paper pulp and water. The pulp is molded into the desired bottle shape and then dried. These bottles are used for packaging products like beverages, cosmetics, and other liquid or semi-liquid substances. Molded pulp corner protectors protect the corners of fragile or delicate items during shipping and transportation. They act as a cushion, absorbing shocks and preventing damage to the product.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

  • The global rigid polyurethane foams market was estimated at a value of USD 20.69 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030.
  • The global polyurethane (PU) microspheres market size was valued at USD 79.0 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030.

Molded Pulp Packaging Market Segmentation

Grand View Research has segmented the global molded pulp packaging market based on source, molded type, product, application, and region:

Molded Pulp Packaging Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Wood Pulp
  • Non-wood Pulp

Molded Pulp Packaging Molded Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Thick Wall
  • Transfer
  • Thermoformed
  • Processed

Molded Pulp Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Trays
  • End Caps
  • Bowls & Cups
  • Clamshells
  • Plates
  • Others

Molded Pulp Packaging End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Food Packaging
  • Food Service
  • Electronics
  • Healthcare
  • Industrial
  • Others

Molded Pulp Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Southeast Asia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa 

Key Companies profiled:

  • Brodrene Hartmann A/S
  • Huhtamako Oyj
  • CKF Inc
  • Thermoform Engineered Quality LLC
  • Genpak, LLC
  • Eco-Products, Inc.
  • Pro-Pac Packaging Limited
  • Fabri-Kal
  • Hentry Molded Products, Inc.
  • Sabert Corporation
  • HEFEI CRAFT TABLEWARE CO., LTD.
  • Laizhou Guoliang Packing Products Co. Ltd
  • MVI ECOPACK
  • Pton Molded Fiber Products Co., Ltd
  • Qingdao Xinya Molded Pulp Packaging Products Co., Ltd.
  • Fuzhou Qiqi Paper Co., Ltd
  • Shandong Upmax Packaging Group Co., Ltd.
  • Huain, Inc.

Key Molded Pulp Packaging Company Insights

The molded pulp packaging market is highly competitive with presence of both global and regional companies. Companies operating in the market offer a wide range of products that are available in a variety of shapes, sizes, and colors. Moreover, they offer custom packaging products to suit customer-specific requirements.

The market has also witnessed several new product launches and mergers and acquisitions over last few years.

  • In June 2023, ANTAIRA TECHNOLOGIES, LLC., announed their transition to complete molded pulp packaging for its network devices across North America in line with companies moving towards sustainable packaging solutions.
  • In March 2023, Eco-Products, Inc.'s Vanguard clamshell became the first molded fiber product with no added PFAS received approval from Compost Manufacturing Alliance.
  • In February 2023, Huhtamako Oyj announced acquisition of a joint venture foodservice distribution in Australia. With this acquisition, company is serving food services packaging solutions to a wide network of regional and metropolitan wholesalers, restaurant businesses, and others.

Order a free sample PDF of the Molded Pulp Packaging Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

Food and Beverage ERP Solutions Procurement Intelligence: Food and Beverage ERP Solutions category is expected to have pricing growth outlook of 8.2% From 2023 To 2030

  Food and Beverage ERP Solutions Category Overview The food and beverage ERP solutions category is expected to grow at a CAGR of 8.2% from 2023 to 2030.Consumers are increasingly seeking transparency and traceability in the food and beverage business, which is fuelling this category's growth. ERP solutions can help businesses to track the origin of their ingredients and products, which can in turn help ensure food safety and meet consumer demand. The supply chain for the food and beverage industry is complex and has a wide range of players. ERP solutions can help businesses to optimize their supply chains, improve efficiency, and reduce costs. Technologies such as cloud computing, barcode scanning, and RFID labels are used under this category. Cloud computing offers a cost-effective and scalable solution for hosting ERP software, enabling remote access to data and applications. Barcode scanning is a fast and efficient method for tracking inventory and materials, improving traceabi...
Read more

Contact Center Software Market Worth $149.58 Billion By 2030

Contact Center Software Industry Overview The global contact center software market size was valued at USD 23.94 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 23.2% from 2022 to 2030.  The growth of the market can be attributed to the growing adoption of cloud-based and virtual contact center solutions to achieve better business continuity. Contact centers across the globe are focusing on transforming customer experience from a single interaction to an entire journey of consistent and personalized interactions. At this juncture, contact center software is helping businesses in ensuring a seamless customer experience across all communication channels. The strong emphasis businesses are putting on streamlining and personalizing customer interactions to enhance customer satisfaction is driving the growth of the market. According to a study by Salesforce.com, Inc., around 84% of customers consider the experience provided by a particular company e...
Read more

Manned Guarding Services Procurement Intelligence : Manned Guarding Services Category Is Expected to Grow at CAGR of 13.5% From 2024 to 2030

  Manned Guarding Services Category Overview The manned guarding services category is anticipated to witness growth at a CAGR of 13.5% from 2024 to 2030. Asia Pacific dominates the global category, followed by North America (with the fastest growth rate) and Europe. Rising standards of living, urbanization, and population are the key factors driving Asia Pacific’s growth. In addition, the region’s expanding tourism industry, coupled with political and economic stability, is also propelling the category’s expansion. The growing usage of technologies, such as access control systems and CCTV, is propelling the demand for the services offered in the category in North America. It has also helped companies to cut expenses while improving the safety of their employees and facilities. The demand in Europe is driven by the demand for more security at public events and venues and the growing incidence of terrorist incidents. Order your copy of the  Manned Guarding Services Pro...
Read more