The report is titled as ‘Molded Fiber Pulp Packaging Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Molded Fiber Pulp Packaging market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Molded Fiber Pulp Packaging market is expected to grow with significant rate in the near future.
The molded fiber pulp packaging market is estimated to reach at a value of US$ 7,562.6 Mn by the end of 2022 and expected to reach at a value of US$ 11,630.7 Mn by 2030 with a significant CAGR of 5.5%
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Molded Fiber Pulp Packaging Introduction
Molded fiber pulp can be understood as a disposable and eco-friendly raw material that is also renewable and generally wood-based. In most of the instances, fiber pulp is utilized to produce paper, board, tissue, specialty paper, and molded fiber packaging. A molded fiber pulp packaging can be perceived as a multifaceted packaging and can be employed not just for luxurious products but also as a preservative coating for consumables such as trays, food, bowls, plates, and so much more. Notably, it is essential to utilize sustainable packaging supplies for single consumption products such as food.
Molded fiber packaging, considering the fact that it can be reutilized and can be disposed of, has been named as sustainable packaging material by the Sustainable Packaging Coalition. In addition to that, with the help of technological upgrades and advancements in molded fiber and pulp manufacturing, the final outcomes are an elegant urbanity that adds another coating of intrigue to the unboxing experience. Molded fiber packaging, in present times, is employed for each and everything scaling from regular egg cartons to luxury packaging for deluxe and high-end brands. Moreover, as the society is aiming more and more attention on safeguarding the environment, molded fiber packaging is gaining much popularity for its appealing quality of being a genuinely sustainable alternative.
Growing demand for sustainable packaging to drive the market of molded fiber pulp
Packing provided social and economic benefits by using resources and materials as efficiently as possible. According to the Sustainable Packaging Alliance, packaging should be safe and cyclic by recovering through industrial or natural system in order to meet the sustainability criteria. Molded pulp is a eco-friendly and sustainable packaging material, companies are implementing policies and practices that demand sustainability and innovation finally focusing on molded pulp for the manufacturing of packaging substances. Packaging companies are expanding their possibilities of applications of molded fiber packaging, expanding the product capabilities ranging from traditional packaging of egg cartoons, cup carrying trays, etc. to wine packaging, cosmetics and cushion and inserts for mobile phones.
Key Takeaways from the Market Study
- Molded fiber pulp packaging market to be valued at US$ 7,562.6 Million by end of year 2022
- The trays product type segment likely to expand at a CAGR of 5.9% until 2030
- In 2022, the primary packaging application segment accounted for the largest market share and expected to grow at 5.7% CAGR during the forecast period.
- In 2022, the food and beverage end use segment accounted for the largest market share and expected to grow at 5.6% CAGR during the forecast period.
- Asia Pacific region is expected to remain the prominent region in the global market and is estimated to remain the fastest growing region
- Molded fiber pulp packaging market is expected to increase 1.54X times during the forecast period of 2022 to 2030
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Molded Fiber Pulp Packaging Market Segmentation
The global molded fiber pulp packaging market is segmented on the basis of product type, application, end use, molded pulp type, and region
By Product Type
- Trays
- Drink Carriers
- Boxes
- End Caps
- Plates
- Bowls
- Cups
- Clamshell Containers
By Molded Pulp Type
- Thick wall
- Transfer Molded
- Thermoformed Fiber
- Processed Pulp
By Application
- Primary Packaging
- Secondary Packaging
- Edge Protectors
By End Use
- Consumer Durables
- Food & Beverage
- Egg Packaging
- Wine Packaging
- Fruit Packaging
- Others
- Cosmetics
- Food Services
- Healthcare
- Automotive
- Logistics
- Others
By Region
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East
- Africa
Molded Fiber Pulp Packaging Market Key Players
Some of the key participating players in global molded fiber pulp packaging market are:
- UFP Technologies, Inc.
- PulpWorks, Inc.
- PulPac
- AR Packaging
- HUHTAMAKI GLOBAL
- Hartmann
- Sonoco
- EnviroPAK
- Nippon Molding
- CDL Omni-Pac
- Vernacare
- Pactiv
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