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The new report by Expert Market Research titled, ‘Global Moulded Pulp Packaging Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global moulded pulp packaging market, assessing the market based on its type, basis of source, product type and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Historical Market Size (2020): USD 3.54 Billion Forecast CAGR (2021-2026): 4% Forecast Market Size (2026): USD 4.47 Billion
Over the projected period, the market is likely to be driven by rising demand for sustainable packaging solutions from environmentally aware customers and rigorous restrictions linked to plastic consumption. The market’s growth is being influenced by an increase in demand for safe and easy packaging in the electronics industry.
Industry Definition and Major Segments
The moulded pulp is a material for the packaging, generally consisting of paper and/or paper recycled, wood fibers, and cellulose. It is utilized for beverage carriers, food service trays, and protective packaging, among other things. End caps, trays, plates, bowls, and clamshell containers are all typical usage.
It can be divided on the basis of type into the following:
Thick Wall Transfer Thermoformed Processed
On the basis of source, it can be segmented into:
It is categorized on the basis of product type into:
Trays Cups Clamshells Plates Bowls Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The transfer molded category will account for the greatest share in the value and volume of the molded pulp packaging market. The increasing urbanization and knowledge of packaging and growing awareness of the environment among people are some of the factors driving to the increased usage of molded fiber packaging. Molded fiber packaging not only protects you from breaking down via the supply chain throughout your journey.
Following the trend towards sustainability, package innovators are implementing numerous packaging solutions for a variety of recyclable molded fibre packaging applications. In this way, the market adopts sustainable molded fiber packaging options for more retailers, producers and consumers.
Asia Pacific is predicted to have the most value in the molded pulp packaging industry. Increased concentrations of molded pulp packaging production facilities, such as those found in China, India, Australia, Indonesia, and Bangladesh, have contributed to this situation. Also, these countries are the world’s leading exporters of packaging materials. Cheap labor costs and domestically available raw materials favor the building up of packaging manufacturing facilities in Asia Pacific countries.
The major players in the market are Huhtamaki OYJ (HEL: HUH1V), UFP Technologies (NASDAQ: UFPT), Thermoformed Engineered Quality LLC, Eco-Products, Gepack, Pro-Pac Packaging Limited (ASX: PPG), Primeware- By Primelink Solutions and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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