Global Molded Pulp Packaging Market: Industry Analysis and Forecast (2020-2026)


Global Molded Pulp Packaging Market size was valued at US$ 3500 Mn in 2019 and the total revenue is expected to grow at 4.5% through 2020 to 2026, reaching nearly US$ 4300 Mn.

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Global Molded Pulp Packaging Market size was valued at US$ 3500 Mn in 2019 and the total revenue is expected to grow at 4.5% through 2020 to 2026, reaching nearly US$ 4300 Mn.

The global Molded Pulp Packaging market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Molded Pulp Packaging report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Molded Pulp Packaging Market

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Global Molded Pulp Packaging Market Overview:

Molded pulp packaging is made of recycled wood and non-wood materials such as paper sheets, newsprints, and other similar materials. In the meat, dairy, and food service industry, it is used for safe wrapping and carrier. Various commodity types have diverse applications in a variety of primary end-user industries. Molded pulp splitters and clamshells, for example, are widely used in agriculture and the food industry.
Global Molded Pulp Packaging Market Dynamics:

Drivers:

Molded pulp packaging, also known as molded fiber packaging, is fully eco-friendly since it is made mostly of recycled paper pulp. Because of its geometrical and visual drawbacks, this wrapping material was previously only used for eggs. Its long-term viability, on the other hand, is expected to fuel adoption in other end-user sectors.

The rise is expected to be driven by increased demand for sustainable packaging goods from a variety of end-use sectors, including dairy, food service, electronics, healthcare, manufacturing, and others.

The market's growth is projected to be supported by the goods' environmental benefits.
Individuals' disposable income levels rising, resulting in increased packaged food consumption and a preference for buying food-based services, could boost the market's growth.
Manufacturers' various inventions and advances in technology are also projected to have a positive impact on business development.
Restraints:

The presence of stringent recycling regulations could stifle business expansion.
The use of specific packaging technologies from a variety of different sectors can also suppress business development. Raw material price fluctuations affect the average cost of packaging materials and may serve as a demand constraint.
Global Molded Pulp Packaging Market Segment Analysis:

Based on Source, the wood pulp segment dominated the market with share sales of over 86% in 2020 owing to the cheaper price and easy availability of these sources. Over the last few years, the segment's growth has been aided by falling pulp prices in most regions.

The non-wood source section, on the other hand, is expected to grow at the fastest rate over the forecast period. Non-wood pulp, which is made from non-woody cellulosic plant materials including grasses, cereal straw, sugar cane bagasse, and reeds, is also becoming more common. In the manufacture of non-wood pulp, cereal straw was the most commonly used raw material.

Based on Molded Type, the transfer molded segment is expected to account for the largest share of the molded pulp packaging market in terms of both value and volume. More usage of molded fiber packaging is being driven by causes such as rising urbanization, more awareness of the need for improved packaging, and increased environmental awareness among consumers.

Molded fiber packaging not only protects but also prevents damage during transportation throughout the supply chain. Although there has been an increase in the market for recycled packaging in recent years, molded fiber has typically been associated with goods like box inserts, cup carrying trays, and egg carton packaging that have little consumer appeal.

Based on Product, the trays segment had the largest sales share, accounting for over 41% of total revenue, in 2020. Trays are mostly used in the food and foodservice industries because of their high level of convenience, shock absorption, and stability. Molded pulp trays are widely used in the food industry for primary egg packaging in supermarket delivery channels.

Owing to the shortcomings of plastic trays, molded pulp trays are expected to be in high demand. Foam and plastic trays are not recommended for food service containers because they appear to distort hot food and beverages and also pose a risk of contamination at high temperatures.

Based on Application, The eggs segment is the major regional industry, followed by food packaging and food services. In 2020, the market for molded pulp packaging for eggs was estimated to be USD 589.7 million. In the United States, for example, egg intake has increased by 15% in the last 20 years. According to United Eggs Producers, the total number of table eggs produced in the United States in 2020 will be 96.9 billion, with 50 per cent of those sold in retail outlets.

The food packaging segment contributing to more than 44% of total sales, in 2020. Molded pulp materials used in fruit and vegetable packaging aid in the regulation of fruit respiration and the maintenance of ethylene density. The hormone ethylene is responsible for the fruit's ripening.

In the foodservice industry, molded packaging materials such as bowls, pots, clamshells, and cups are commonly used for the packaging of on-the-go treats, Ready-To-Eat (RTE) meals, and drinks. Foodservice sector growth is expected to be boosted by increasing demand for on-the-go foods and single-serve meals due to busy lifestyles in urban areas over the forecast period.

Due to strong commodity demand for the packaging of electronic devices such as computers, modems, printers, hard drives, cellphones, and others, the electronics application segment is projected to grow at the fastest rate over the forecast period.

Global Molded Pulp Packaging Market 1
Global Molded Pulp Packaging Market Regional Insights:

In 2020, Asia Pacific was the most important geographic sector, accounting for 41% of total sales. China's food and beverage industry, which is the largest in APAC, accounted for the largest share of the regional market. Because of the country's growing environmental and emission issues, government departments and organizations have been pushed to strictly stick to recycling policies, resulting in a moratorium on single-use plastic and increased adoption of biodegradable packaging solutions.

North America, which is home to many food service businesses such as supermarkets, fast-food chains, and catering facilities, was the second-largest geographic market in 2020. Health food services, agriculture, and electronics are all large end-user sectors in North America. Americans and Canadians have formed a habit of dining out almost exclusively. The fruit and food services industry is the second-largest producer of molded pulp in North America, with a significant share of the global outdoor eating market.

In 2020, Europe had nearly one million restaurants and mobile food service providers, and this figure is projected to double over the forecast period. The demand for sustainable packaging solutions is expected to rise as the number of restaurants and other food outlets grow.

Global Molded Pulp Packaging Market 2

The objective of the report is to present a comprehensive analysis of the global Molded Pulp Packaging market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Molded Pulp Packaging market dynamics, structure by analyzing the market segments and project the global Molded Pulp Packaging market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Molded Pulp Packaging market make the report investor’s guide.

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Global Molded Pulp Packaging Market Scope:
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Global Molded Pulp Packaging Market 3
Global Molded Pulp Packaging Market, by Region

• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Molded Pulp Packaging Market Key Players

• Brodrene Hartmann A/S
• Huhtamako Oyj
• Thermoform Engineered Quality LLC
• Genpak, LLC
• Fabri-Kal
• Sabert Corp.
• UFP Technologies
• Eco-Products, Inc.
• Pro-Pac Packaging
• PrimeWare-by PrimeLink Solutions
• Henry Molded Products
• EnviroPAK Corporation
• Pacific Pulp Molded
• Protopak Engineering Corporation
• Cellulose de la Loire
• Western Product Pulp Company
• Alta Global, Inc.
• Other Key Players

 

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