In-Depth Analysis | Market Reports | Product Report

Molded Pulp Packaging Market worth $4.4 billion by 2024

Published: April 12, 2023
Author: TEXTILE VALUE CHAIN

The report Molded Pulp Packaging Market by Source Type (Wood & Non-wood), Molded Type (Thick Wall, Transfer, Thermoformed, Processed), Product (Trays, Bowls, Cups, Plates, Clamshells), End Use, and Region – Global Forecast to 2024″ The molded pulp packaging market size is projected to grow from USD 3.5 billion in 2019 to reach USD 4.4 billion by 2024, at a CAGR of 4.4%.

Download PDF Brochure

Browse
•  105 Market data Tables
•  35 Figures
•  138 Pages and in-depth TOC on “Molded Pulp Packaging Market – Global Forecast to 2024”

Some of the prominent key players are:

Brødrene Hartmann A/S (Denmark)

·      UFP Technologies (US)

·      Thermoformed engineered Quality (TEQ) LLC (US)

·      Genpak LLC (US)

·      Eco-Products (US)

The transfer molded packaging segment, by molded type, to gain the maximum share of the market during the forecast period

The transfer molded packaging segment is projected to account for the largest share by 2024, mainly because of the growth in consumption of transfer molded packaging in the food, foodservice disposable, healthcare, and automotive industries. Transfer packaging is most commonly used in the manufacturing of egg cartons, trays as well as fruit, food, & serving trays in the foodservice industry. This is due to the rise in consumption of convenient, recyclable, and sustainable packaging products for which molded pulp packaging is used, especially in the emerging markets of Asia Pacific and South America. The increasing demand for sustainable food disposables from the foodservice disposable industry provides a growth opportunity for the molded pulp packaging market.

The non-wood pulp segment, by source, to grow at a higher rate during the forecast period

 Raw materials or various types of sources such as wood pulp and non-wood pulp are used for the manufacturing of molded pulp packaging. The wood pulp segment accounted for a larger market share, in terms of value, in the molded pulp packaging market. Wood pulp is cost-effective, recyclable, and biodegradable, which offers a sustainable property to the packaging material; this segment is thus accounted for a larger share in the molded pulp packaging market. On the other hand, the non-wood segment is projected to grow at a higher rate during the forecast period. Non-wood pulp is generally made from agricultural food crop residues, grasses, and tree leaves that do not have immediate applications. It is processed and used as an excellent alternative for wood pulp, offering the same properties and benefits.

Request Sample Pages

Asia Pacific projected to be the largest shareholder in the molded pulp packaging market by 2024

The molded pulp packaging market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is estimated to account for the largest share among all the regions in 2018 and is projected to grow at the highest rate from 2018 to 2024, in terms of value. This can be mainly attributed to the increase in demand for molded pulp packaging in China and India, coupled with the growth in the food packaging and healthcare industries in these countries. The urbanized population is shifting its preference to convenient, healthy, and safe packaged foods owing to the rise in disposable incomes.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Related Posts

The Role of Big Data in Enhancing Online Customer Experiences