As per the recently published report by MarketsandMarkets™, the “Molded Pulp Packaging Market by Molded Type (Thickwall, Transfer Molded, Thermoformed Fiber and Processed Pulp), Product Type (Trays, Clamshells, Cups, Plates, Bowls), End-Use, Source (Wood Pulp and Non-Wood Pulp), and Region – Global Forecast to 2027″, is approximated to be USD 4.6 billion in 2022, and it is projected to reach USD 5.7 billion by 2027, at a CAGR of 4.3%. The rising concerns regarding the requirement for the use of sustainable packaging in various industries such as electronics, food packaging, food service, healthcare, and e-commerce drives the market. Also, The increasing popularity of online shopping and rising consumer spending on eco-friendly packed goods are fueling the demand for molded fiber pulp packaging.
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- 213 Market data Tables
- 50 Figures
- 238 Pages and in-depth TOC on “Molded Pulp Packaging Market – Global Forecast to 2027″
This report also provides a comprehensive analysis of the companies listed below:
The major players in molded pulp packaging market include Huhtamaki Oyj (Finland),
Recent Developments in Molded Pulp Packaging Market
1. In 2022 Huhtamaki Oyj invested in the sustainable packaging fund run by Emerald Technology Ventures AG, which focuses on cutting-edge sustainable packaging technologies.
2. In 2022, Sonoco Products Company stated that it acquired the remaining one-third stake from private investors in the joint venture, Sonoco do Brasil Participacoes, Ltda, which produces flexible packaging in Brazil.
3. In 2021, UFP Technologies Inc. acquired Das Medical Inc. This acquisition is expected to be able to accelerate the development of UFP technologies in the future with the help of UFP’s sales engine, development engineers, and the expanding technological portfolio of Das medical Inc.
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HUHTAMAKI OYJ (FINLAND) is one of the leading manufacturers of food service packaging, food & beverage packaging, non-food packaging, and fresh food packaging products. The company offers four brands—BioWare, Chinet, Lily, and Bibo for tableware and packaging. It operates through four major business segments, namely, Foodservice Business, North America, Flexible Packaging, and Fiber Packaging. The company was founded by Heikki Huhtamäki in 1920 and is headquartered in Espoo, Finland. Foodservice Packaging, Flexible Packaging, and Fiber Packaging are its three main business divisions. The section that deals with food service packaging provides fast food chains, coffee shops, and food service operators with paper and plastic disposable dinnerware. The section for Flexible Packaging manufactures flexible packaging materials, pouches, and labels for pharmaceutical, household, pet food, and food goods. Egg cartons, fruit trays, bottle dividers, and cup carriers are all made by the Fiber Packaging segment using recycled fiber.
BRODRENE HARTMANN A/S is one of the largest manufacturers and sellers of molded fiber pulp packaging solutions for eggs and fruits. The company operates in the market via two business segments, namely, molded-fiber packaging and machinery & technology. It offers protective egg trays for transport and also produces and sells technologies, machinery, and related service solutions to manufacturers of molded fiber packaging. The company mainly sells its products to egg and fruit packing businesses, retail chains, and buyers of packaging solutions under the brand names imagic2, imagic, Mini Poster Pack, Plus Pack, and Fresh Pack.
The Asia Pacific region represented the largest market for molded fiber pulp packaging in 2021 and is further projected to maintain this position over the forecast period. Asia Pacific countries such as India, China, Australia, and Japan are considered for the study of the molded fiber pulp packaging market. These countries are projected to witness steady increase in consumption between 2022 and 2027. Key factors such as industrialization, rise in Internet utilization, increase in manufacturing activities, rise in disposable income, increase in consumption levels of sustainable & recyclable packaging material, and growth in e-retail sales are expected to drive demand for the market during the forecast period.
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