Molded Pulp Packaging Market to be Dominated by Rising Demand for Eco-friendly and Sustainable Materials through 2028

Growing demand for eco-friendly and sustainable materials is expected to drive the Global Molded Pulp Packaging market in the forecast period 2024-2028

According to TechSci Research report, “Molded Pulp Packaging Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028,” the Global Molded Pulp Packaging market is anticipated to upsurge at an impressive rate in the forecast period, 2024-2028. A significant factor fueling the growth of the Global Molded Pulp Packaging Market is increasing awareness regarding the sustainability, resulting in rising consumer interest in environmentally friendly packaging solutions. In addition, easily recycling of pulp packaging material after its significant life cycle further fuels the growth of Global Molded Pulp Packaging market.

For instance, Knoll Printing and Packaging, Inc. has introduced Ecoform molded pulp, which can be used as an alternative to thermoformed plastics.

Furthermore, the market is being further stimulated by growing demand from healthcare, food & beverage, electronics sectors.

However, availability of alternative packaging products can slow down the market growth. Also, the appealing limitation of molded pulp products as they degrade after some time can further slowdown the market growth.

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Global Molded Pulp Packaging Market is segmented based on source, type, product, end use, region and competitive landscape.

Based on source, the market is split into wood pulp, and non-wood pulp. Non-wood pulp is expected to hold the largest market share in the forecast period, 2024-2028. This is due to its high accessibility, low cost, and rising deforestation concerns.

Based on type, the market is categorized into thick-wall, transfer molded, thermoformed fiber, processed pulp. Transfer molded segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to hygroscopic property and air permeability, resulting in the extended shelf life of food products that are to be transported.

Based on product, the market is segmented into trays, cups, clamshells, plates, splitters, and others. Trays segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to high convenience, shock absorption, and stability advantage provided by them.

Based on end use, the market is fragmented into food & beverage, electronics, personal care, healthcare, and others. Electronics segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to high demand in the packaging of sensitive electronic devices such as printers, computers, hard drivers, modems, cellphones, and others.

Major companies operating in the global molded pulp packaging market are:

• Huhtamäki Oyj
• EnviroPAK Corporation
• Brødrene Hartmann A/S
• MFT-CKF Inc.
• Molded Pulp Packaging
• PulPac AB
• Genpak, LLC
• KIEFEL GmbH
• Keiding, Inc.
• Heracles Packaging S.A.

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“Asia Pacific region is expected to grow at the highest rate during the forecast period due to increasing production and consumption of fruits, vegetables, and eggs, the demand for eco-friendly packaging for supply and distribution. Additionally, development of the e-commerce package industry, and improving consumer awareness regarding eco-friendly packaging creates lucrative opportunities for the market growth. Furthermore, in North America, existence of several food service companies including fast-food outlets, catering services, and restaurants along with this higher occurrence of out-of-home dining due to busy routines is creating huge prospects for market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Molded Pulp Packaging Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Source (Wood Pulp, Non-Wood Pulp), By Type (Thick-Wall, Transfer Molded, Thermoformed Fiber, Processed Pulp), By Product (Trays, Cups, Clamshells, Plates, Splitters, Others), By End Use (Food & Beverage, Electronics, Personal Care, Healthcare, Others), By Region, and Competition,” has evaluated the future growth potential of Global Molded Pulp Packaging Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Molded Pulp Packaging Market.”