India Molded Pulp Packaging Market Worth $600.74 Million By 2028
India Molded Pulp Packaging Industry Overview The India molded pulp packaging market size is expected to reach USD 600.7 million by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.1% over the forecast period. Growing demand for eco-friendly, biodegradable packaging solutions to replace its plastic counterparts is expected to drive market growth. The market is highly unorganized with several small- and medium-scale companies manufacturing egg trays and fruit trays using recycled pulp. India Molded Pulp Packaging Market Segmentation Grand View Research has segmented the India molded pulp packaging market on the basis of source, pulp type, technology, and application: Based on the Source Insights, the market is segmented into Wood Pulp, Non-wood Pulp. The wood pulp source segment accounted for a revenue share of over 74% in 2020. In India, hardwood used by the pulp and paper industry is generally sourced from eucalyp...