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
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMolded 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
Global Molded Pulp Packaging Market is anticipated to grow significantly through 2028 due to increasing demand for eco-friendly and sustainable materials. In 2021, around 34.4% of UK respondents regularly purchased eco-friendly and sustainable products.
Increasing demand for eco-friendly, sustainable packaging and clear packaging solutions from end users, as well as growing awareness of waste management, and environmental concerns over single-use plastic drive the global molded pulp packaging market in the upcoming years.
Rising Demand for Sustainable and Eco-Friendly Materials
Climate change has become a major issue since the last few years. Worldwide sustainability is the significant concern for organizations. One of the crucial components of sustainability is waste generated by food, beverage, and consumer goods packaging when it comes to environmental safety and preservation. Thus, consumers give importance to the eco-friendly packaging material. In recent times, consumers are more concerned about environmental issues and have focused on the negative impact of plastic waste, especially single use plastic garbage on the environment. Demand for goods made of biodegradable materials that are produced from byproducts of other products has increased as a result of intentional efforts to encourage consumers to limit their use of plastic.
For instance, in 2021, the UK government announced plans to outlaw single-use plastic plates, cups, and silverware in England to combat plastic pollution.
Increasing Awareness about Risks associated with Plastic Material
The environment suffers from the extensive usage of single-use, non-biodegradable plastic packaging materials. In a landfill, plastic takes hundreds of years to decompose. It will continue to degrade the ecosystem throughout the course of that period, eventually putting the lives of humans, animals, and plants in danger. To overcome this, many agencies are focusing on the recycling and replacement of plastic material with the biodegradable material which help to reduce the risk factor.
For instance, according to European Environment Agency, the recycling rates are highest in Austria with 63%, followed by Germany with 62%, Belgium with 58%,
Therefore, growing awareness about the risk associated with plastic products for various packaging applications led to the growth of
Increasing
Primarily, fruits & vegetables such as apples, oranges, strawberries, tomatoes, as well as eggs are packaged using the molded pulp for both imports and exports. It aids in controlling fruit respiration and maintaining ethylene density, which slows down the ripening process. Consequently, this contributes higher shelf life to fruits and vegetables. In the foodservice business, molded packaging items including bowls, plates, clamshells, and cups are frequently used to package drinks, ready-to-eat meals, and on-the-go snacks.
For instance
Thus, increasing demand for single-serve meals due to busy routines in urban areas as well as take away options is anticipated to boost the growth of Global Molded Pulp Packaging Market in the upcoming years.
Recent Developments
- In December 2022, Stora Enso and Huhtamaki started an initiative
with new partners regarding the increase in paper cup recycling volumes in
Europe.
- Huhtamaki increases its capacity for paper-based packaging at
its facilities in Nules, Spain in November 2022.
- In June 2022, Keiding Inc. announced the opening of its new
plant with 58000 sq ft area in Menomonee Falls.
- Four new items were added to the Harvest Fiber product range
by Genpak LLC, including two trays (HF3TT & HF2X2T) and two clamshells
(HF2X2 & HF4CC) in February 2019.
Market Segmentation
Global Molded Pulp Packaging Market
Company Profiles
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. are some of the key players of Global Molded Pulp Packaging Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue
in USD Million, and CAGR for 2018-2022 and 2023-2028 |
|
Report
coverage |
Revenue
forecast, company share, competitive landscape, growth factors, and trends |
|
Segments
covered |
Source Type Product End
Use |
|
Regional scope |
North
America, Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United
States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China,
India, South Korea, Japan, Malaysia, Brazil, Argentina, South Africa, Saudi
Arabia, UAE |
|
Key companies
profiled |
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. |
|
Customization
scope |
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and
purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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