Molded Pulp Packaging Market Worth $6.1 Billion By 2028 | CAGR 6.1%
Molded Pulp Packaging Industry Overview The global molded pulp packaging market size is expected to reach USD 6.1 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. Growing demand for eco-friendly sustainable packaging from the end-user segments owing to growing awareness regarding the adverse effects of plastic pollution is expected to be the key driver for the market. Molded Pulp Packaging Market Segmentation Grand View Research has segmented the global molded pulp packaging market on the basis of source, molded type, product, application, and region: Based on the Source Insights, the market is segmented into Wood Pulp, Non-wood Pulp. The wood pulp segment accounted for the highest revenue share of over 86% in the year 2020 owing to the easy availability and low cost of these sources. The declining pulp prices in most of the regions have also been boosting the segment gro...