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.