Market trends for molded pulp packaging are driven

MARKET FOR MOLDED PULP PACKAGING

According to Triton Market Research report, the global molded pulp packaging market is expected to grow at a CAGR of 7.19% during 2023-2030.

A recent study by Triton Market Research, titled Global Molded Pulp Packaging Market, covers the global analysis and forecasts by product (clamshells, bowls and cups, end caps, trays, plates, other products), application (foodservice, industrial, healthcare, food packaging) . , electronics, other applications), cast type (processed, transfer, thermoformed, thick wall), source (wood pulp, non-wood pulp) and regional outlook (North America, Middle East and Africa, Latin America, Asia Pacific, Europe).

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Fiber materials such as recycled paper and wood pulp are used to produce molded pulp packaging such as trays, plates, end caps, bowls, etc.

According to Triton estimates, the global molded pulp packaging market is expected to grow at a compound annual growth rate (CAGR) of 7.19% between 2023 and 2030.

The rise of the end-user sector, the affordability of 3D printing and consumer demand for eco-friendly packaging are driving the growth of molded pulp packaging. Food packaging, electronics and personal care are just some of the sectors where demand for packaging solutions composed of biodegradable materials has increased recently. Molded pulp containers are ideal for packaging perishable food items because they are light and sturdy. As a result, these elements, as already indicated, fuel the expansion of the market.

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On the other hand, strict government laws and the unstable price of raw materials hinder the growth of the molded pulp packaging industry.

The four major segments of the molded pulp packaging market are supply, molded type, product and application. In the produce area, clamshells, bowls and cups, end caps, trays, plates and other items are stored separately. Depending on usage, it spread to the food packaging, electronics, industrial, healthcare and food service sectors. The many types of molds include thick-walled, thermoformed, processed and transfer moulds. Finally, the formed type is divided into two categories: non-wood pulp and wood pulp.

In the field of molded pulp packaging, Asia-Pacific dominates the world. The region’s supremacy is the result of growing disposable income, a growing population and sustainability trends. Concerns about pollution caused by single-use plastic packaging materials have increased over time. The need for alternatives to plastic, such as molded pulp packaging, has therefore increased. Additionally, as the food sector has grown, pulp packaging has become more popular to meet the growing demand for delivery. As a result, as already indicated, these aspects expand the entire breadth of the market across APAC.

Fabri-Kal, Pro-Pac Packaging Group, Huhtamaki OYJ, Sonoco Products Company, Genpak LLC, UFP Technologies Inc, Sabert Corporation, Brodrene Hartmann AS, Eco-Products Inc and Thermoform Engineered Quality LLC are renowned companies in the molded pulp packaging market.

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Q&A: Global Molded Pulp Packaging Market

Question 1: What aspects are driving the expansion of the molded pulp packaging market?
Answer: The demand for sustainable packaging, cost-effective manufacturing with 3D printing and the rise of end-user industries are driving the molded pulp packaging market. In recent years, the demand for packaging solutions based on biodegradable materials has increased in several sectors, including food packaging, electronics and personal care. Molded pulp packaging has proven to be lightweight and very strong, making it ideal for packaging perishable food products. Therefore, as mentioned above, these factors are the driving force behind the expansion of the studied market.

Question 2: What factors hinder the progress of the molded pulp packaging market?
Answer: Strict government regulations and the volatile cost of raw materials are hindering the progress of the molded pulp packaging market.

Question 3: Which region is the global leader in molded pulp packaging?
Answer: The Asia Pacific region is a global leader in molded pulp packaging. Rising disposable income, growing population base and sustainability trends are driving the region’s dominance. Over the years, there has been an increase in concerns about pollution caused by single-use plastic packaging materials. This has increased demand for plastic-free solutions such as molded pulp packaging. Furthermore, the expansion of the food industry has increased the adoption of pulp packaging to meet the rising demand for deliveries. Therefore, as mentioned above, these factors increase the overall scope of the market under study in APAC.

Question 4: Which are the renowned companies in the molded pulp packaging market?
Answer: Fabri-Kal, Pro-Pac Packaging Group, Huhtamaki OYJ, Sonoco Products Company, Genpak LLC, UFP Technologies Inc, Sabert Corporation, Brodrene Hartmann AS, Eco-Products Inc and Thermoform Engineered Quality LLC are renowned companies in the molded pulp packaging market.

Related report:

Global Flexible Packaging Market –

https://www.tritonmarketresearch.com/reports/flexible-packaging-market

Rising demand for convenient packaging, increasing demand for packaged food and the need for better shelf life are driving the growth of the flexible packaging market. However, high operational costs and rising raw material prices hinder overall market development.

Global Biodegradable Plastics Market –

https://www.tritonmarketresearch.com/reports/biodegradable-plastics-market

Factors such as increased production of renewable resources and increasing volume of biodegradable plastics are fueling the expansion of the biodegradable plastics market. However, the higher costs of biodegradable plastics and sustainability issues limit the growth of the market under study.

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This release was published on openPR.