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Molded Pulp Packaging Market Worth $5.6 Billion By 2028

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simone singh
Molded Pulp Packaging Market Worth $5.6 Billion By 2028

The global molded pulp packaging market size is projected to reach nearly USD 5.6 billion by 2028. Additionally, the market is forecasted to grow a CAGR of above 6.1% over the forecast period of 2020-2028. Owing to the factors such as rise in middle-class population, growth in demand from the food packaging sector, electronics industry, healthcare sector, along with increasing preference for lightweight and sustainable packaging. Further is the growth of the molded pulp packaging may hamper due to the growing demand for safe and convenient packaging in the electronics sector.

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The growing bans on single-use plastic and other plastic packaging items across the globe, combined with increasing customer preference for sustainable solutions, are expected to be the main drivers of demand for molded pulp packaging. The drug is commonly used for fresh fruit packaging as it is odorless and water and oil resistant. Efficient packaging is important for the secure transport and handling of electronic goods, taking into account their fragility. Molded pulp provides excellent resistance to compression and shock absorption, along with sufficient thermal resistance. This offers a range of defensive functions including blocking, bracing, and cushions. Many of these properties, electronics manufacturers use vast quantities of molded pulp for their products. Also, the rising electronics industry worldwide is expected to improve the packaging demand for molded fiber pulp in the coming years.

The report also outlines the various characteristics of the global Molded Pulp Packaging industry by assessing the market from value chain analysis. Moreover, the Molded Pulp Packaging market report comprises various qualitative parts of the Molded Pulp Packaging industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.

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The Molded Pulp Packaging market has huge competition amongst the already well-known and new market players. Also, the Molded Pulp Packaging industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.

Molded pulp packaging market covers segments such as molded type, product source, and end-user. Based on the product segments, the sub-markets include bowls, plates, cups, trays, and clamshells. On the basis of source type, the sub-markets include wood and non-wood. Based on molded type, the sub-markets include thermoformed, thick wall, thermoformed, transfer, and processed. On the basis of end-user, the sub-markets include food and beverages, personal care, automotive, electronic, and other end-user.

Asia-Pacific dominates the global demand for molded pulp packaging. Countries such as China, India, and Japan contribute over the forecast period to the growth of the demand for molded pulp packaging in Asia-Pacific. Furthermore, the factor such as growth in food packaging, healthcare, and consumer electronics industries, rapid urbanization, and increasing disposable income increases business growth. Over the forecast period, North America is projected to hold a large share in this market. The US is the largest competitor to the demand for molded pulp packaging. In addition to this, the increase in demand for sustainable packaging fuels the growth of the European region's molded pulp packaging industry. Owing to countries like Saudi Arabia, South Africa, and Turkey, the Middle East & Africa are expected to experience significant growth rates in this sector.

The key players of the market include Henry Molded Products, Inc., Sabert Corporation, Fabri-Kal Corporation, Pro-Pac Packaging Limited, Genpak LLC, UFP Technologies, Inc., Huhtamäki Oyj, Brødrene Hartmann A / S, EnviroPAK Corporation.

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Segment Overview of Global Molded Pulp Packaging Market

Type Overview, 2018-2028 (USD Billion) (Million Tons)

Thick Wall

Transfer

Thermoformed

Processed

Source Overview, 2018-2028 (USD Billion) (Million Tons)

Wood Pulp

Non-wood Pulp

Product Overview, 2018-2028 (USD Billion) (Million Tons)

Trays

End Caps

Bowls & Cups

Clamshells

Plates

Others

End User Overview, 2018-2028 (USD Billion) (Million Tons)

Food Packaging

Food Service

Electronics

Healthcare

Industrial

Others

Regional Overview, 2018-2028 (USD Billion) (Million Tons)

North America

U.S.

Canada

Europe

UK

Germany

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia-Pacific

Middle East and Africa

UAE

South Africa

Rest of Middle East and Africa

South America

Brazil

Rest of South America

About Us:

Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

 

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