A recent report published by Infinium Global Research on molded pulp packaging market provides in-depth analysis of segments and sub-segments in the global as well as regional molded pulp packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional molded pulp packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global molded pulp packaging market. According to the report, the global molded pulp packaging market is projected to grow at a CAGR of 5.3% over the forecast period of 2019-2025.
Nowadays, the demand in the packaging industry to reduce the use of plastics, styrofoam, and other petroleum-based packaging and inclined towards the molded fiber packaging. Molded pulp packaging is environmentally friendly, cost-effective and durable. Additionally, it is manufactured with 100% recycled materials. Moreover, the molded pulp fiber manufacturing process has no wastage, as all the residue and water are recycled and reused. Thus, molded pulp packaging is gaining wide acceptance across the various end-user industries such as food and beverages, healthcare, automotive, personal, electronics and many others.
The molded pulp packaging offers a wide range of benefits compared to traditional plastic and EPS packaging. Furthermore, rapid growth in urbanization coupled with growing awareness regarding the better packaging across the globe drives the growth of the global molded pulp market. Additionally, the increasing demand for reusable and sustainable packaging from the end-user industry is triggering the growth of the market. Molded fiber’s packaging is used for shipping wine bottles and retail packaging for personal care products and cushions for computers. Furthermore, investment in R&D activities and growing demand for sustainable packaging creates growth opportunities for the global molded pulp packaging market in the near future.
Asia-Pacific dominates the global molded pulp packaging market. The countries such as China, India, and Japan are contributing to the growth of the Asia-Pacific molded pulp packaging market over the forecast period. Additionally, the factor such as growth in food packaging, healthcare, and consumer electronics industry, rapid urbanization and rising disposable income escalating the growth of the market. North America is expected to hold a significant share in this market throughout the forecast period. The US is the largest contributor to the molded pulp packaging market. Furthermore, the rise in demand sustainable packaging drives the growth of molded pulp packaging market in the Europe region. The Middle East and Africa are expected to experience substantial growth rate in this market owing to countries such as Saudi Arabia, South Africa, and Turkey.
The report on global molded pulp packaging market covers segments such as source type, molded type, product, and end-user. On the basis of source type, the sub-markets include wood, and non-wood. On the basis of molded type, the sub-markets include thick wall, thermoformed, transfer, and processed. On the basis of product, the sub-markets include bowls, plates, cups, trays, and clamshells. On the basis of end-user, the sub-markets include food and beverages, personal care, automotive, electronic, and other end-user.
The report provides profiles of the companies in the market such as Henry Molded Products, Inc., Sabert Corporation, Fabri-Kal Corporation, Pro-Pac Packaging Limited, Genpak LLC, UFP Technologies, Inc., Huhtamäki Oyj, Brødrene Hartmann A/S, EnviroPAK Corporation, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of molded pulp packaging market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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