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Global Molded Pulp Packaging Market Size was valued at USD 4.5 Billion in 2022. The Molded Pulp Packaging market industry is projected to grow from USD 4.7 Billion in 2023 to USD 7.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.60% during the forecast period (2023 - 2032). Increased demand from application industries like electronics, healthcare, and food service, as well as rising demand for ecologically safe and sustainable packaging solutions, are the key market drivers enhancing the market growth.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
The rapidly growing demand for practical and environmentally friendly packaging alternatives, the ongoing development of moulded fiber products that are more competitive than plastic alternatives, and rising demand from the electronics, food packaging, and healthcare industries are some of the key factors driving the market under study. As end-user industries like consumer electronics see significant demand, sustainable packaging products are being employed as a protective layer for transit because they offer protection and reduce environmental harm. Significant cost reductions are available with moulded pulp packaging, which can assist business sustainability goals. The cost of moulded pulp packing is kept down by using reasonable and dependable raw materials. Because the majority of plastic and foam packaging is manufactured from petroleum, the cost swings in conjunction with changes in oil prices. Due of its wide availability and affordable price, moulded pulp packaging is created from post-consumer recycled paper and natural fibers.
The cost of moulded pulp packing is kept down by using reasonable and dependable raw materials. Because the majority of plastic and foam packaging is manufactured from petroleum, the cost swings in conjunction with changes in oil prices. Due of its wide availability and affordable price, moulded pulp packaging is created from post-consumer recycled paper and natural fibers.
The North American market was jointly controlled by the foodservice and packaging industries. This dominance may be explained by the enormous demand for prepared meals and packaged foods. In 2020, the North American food marketing system, which consists of food service and food commerce, delivered food valued at around USD 1.69 trillion. Commercial food services now make up a sizeable portion of the industry, with the market for food marketing systems being worth roughly USD 813.4 billion. The category of commercial food service includes eateries such as restaurants, caterers, cafeterias, fast food restaurants, and other institutions that create, sell, and serve food. The moulded pulp packaging industry is predicted to grow rapidly over the next few years as a result of these institutions' desire for novel packaging choices with a low carbon effect. Thus, driving the Molded Pulp Packaging market revenue.
The global Molded Pulp Packaging market segmentation, based on Molded Type, includes thick wall, transfer molded, thermoformed fiber, and processed pulp. Transfer molded segment dominated the global market in 2022. Transfer moulded pulp is widely used in the food packaging industry because of the material's hygroscopic property and air permeability. The shelf life of the food and drink products that will be transported farther is increased as a result. Additionally, moulded pulp packaging protects goods—particularly commodities like fruits, vegetables, eggs, and alcoholic and non-alcoholic beverages—from shocks that could otherwise shatter or injure them.
The global Molded Pulp Packaging market segmentation, based on Source, includes wood pulp and non wood pulp. Wood pulp segment dominated the global market in 2022. This is because they are widely available, reasonably priced, and adaptable enough to have varying depths, widths, and forms to fit a variety of food items, making them a popular choice for package manufacturers. The usage of wood pulp-molded packaging is widespread in many different industries. For instance, it is often used in the food and beverage industry because it offers excellent protection for food products throughout shipment and storage.
The global Molded Pulp Packaging market segmentation, based on Product, includes food, trays, clamshells, cups, plates, bowls, and others. Trays segment dominated the global Molded Pulp Packaging market in 2022. This is because the food packing and food service sectors utilize these trays so frequently. Because they protect the product from breaking and keep it secure, these trays constructed of moulded pulp are often used to package eggs in retail distribution systems.
The global Molded Pulp Packaging market segmentation, based on End Use, includes food service disposables, food packaging, healthcare, electronics, and others. Food packaging segment dominated the global Molded Pulp Packaging market in 2022. Molded pulp is frequently used in the packaging of fruits, vegetables, and eggs. Clamshells and trays are among the most popular egg packaging solutions due to their low cost and cushioning properties. Furthermore, the ventilation provided by clamshells and moulded pulp trays extends the shelf life of the eggs while keeping their freshness.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The Asia Pacific Molded Pulp Packaging market dominated this market in 2022 (45.80%). Due to the large consumer base and expanding disposable income in the country, this is attributed to the sizeable food and beverage industry, which is followed by the electronics market. A number of electronic companies, including Huawei Technologies Co., Ltd., Lenovo, Xiaomi, and others, are based in the country, which raises the demand for moulded pulp packaging to preserve and ship delicate electronic goods. Moreover, In the Asia-Pacific region, the Indian Molded Pulp Packaging market had the quickest rate of growth while China's Molded Pulp Packaging market had the greatest market share.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
From 2023 to 2032, the North American Molded Pulp Packaging Market is anticipated to experience rapid expansion. The region is home to many restaurants, fast food chains, eateries, catering services, and other food-related enterprises. The trend of consuming meals or snacks on-the-go gives rise to moulded pulp packaging such as trays, bowls, and cups as consumers become more aware of sustainable packaging and prefer it to single-use plastic packaging In the North American area, the U.S. Molded Pulp Packaging market had the biggest market share, while the Canada Molded Pulp Packaging market had the quickest rate of expansion.
In 2022, the Europe Molded Pulp Packaging market held a sizable market share. The disposable foodservice industry, which uses virgin pulp to create packaging for goods like trays, cups, and clamshells that come into contact with food, has experienced tremendous expansion in the region over the past few years. Further, In the European region, the German Molded Pulp Packaging market had the biggest market share, and the U.K. Molded Pulp Packaging market had the quickest rate of growth.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Molded Pulp Packaging market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Molded Pulp Packaging sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Molded Pulp Packaging industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Molded Pulp Packaging sector. Major players in the Molded Pulp Packaging market, including Brodrene Hartmann A/S, Huhtamako Oyj, CKF Inc., Thermoform Engineered Quality LLC, Genpak, LLC, Eco-Products, Inc, Pro-Pac Packaging Limited, Fabri-Kal, Hentry Molded Products, Inc, and Sabert Corporation, are attempting to increase market demand by investing in research and development operations.
Huhtamaki Oyj (Huhtamaki) is a corporation that provides packaging services. The company manufactures packaging from materials such as paper, plastic, film, and molded fibers. Along with cups, containers, barrier sheets, cans, and lids, it also sells laminates, films, readymade bags, egg trays, vegetable trays, boxes, and cartons. The company provides standardized products, customized designs, packaging systems, and solutions for a range of industries, including food and beverage, fast-moving consumer goods (non-food), foodservice operators, fresh food packers, and retailers. It supervises and manages manufacturing facilities and sales offices in several countries in the Americas, Asia-Pacific, the Middle East, and Europe. The Huhtamaki corporate headquarters are located in Espoo, Finland. In February 2023, Huhtamako Oyj declared that it has acquired an Australian joint venture for the distribution of foodservice.
Products for food packaging are produced by Sabert Holding Corp. The business offers for sale trays, bowls, silverware, containers, and trays. Bakeries, clubs, major food chains, grocers, restaurants, caterers, and restaurants are among the businesses that Sabert serves. Sabert also provides packaging solutions. Sabert Corporation built a 389,400 square foot distribution center in the greater Chicago area in April 2022 to better serve its expanding customer base in the Midwest US and western Canada.
· Brodrene Hartmann A/S
· Huhtamako Oyj
· CKF Inc.
· Thermoform Engineered Quality LLC
· Genpak, LLC
· Eco-Products, Inc
· Pro-Pac Packaging Limited
· Fabri-Kal
· Hentry Molded Products, Inc
· Sabert Corporation
May 2022: Mars, SABIC, and Huhtamaki recycled material into pet food packaging to promote a circular economy.
· Thick Wall
· Transfer Molded
· Thermoformed Fiber
· Processed Pulp
· Wood Pulp
· Non Wood Pulp
· Food
· Trays
· Clamshells
· Cups
· Plates
· Bowls
· Others
· Food Service Disposables
· Food Packaging
· Healthcare
· Electronics
· Others
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 4.5 Billion |
|
Market Size 2023 |
USD 4.7 Billion |
|
Market Size 2032 |
USD 7.4 Billion |
|
Compound Annual Growth Rate (CAGR) |
4.60% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Molded Type, Source, Product, End Use, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
Brodrene Hartmann A/S, Huhtamako Oyj, CKF Inc., Thermoform Engineered Quality LLC, Genpak, LLC, Eco-Products, Inc, Pro-Pac Packaging Limited, Fabri-Kal, Hentry Molded Products, Inc, and Sabert Corporation |
|
Key Market Opportunities |
Emerging and developing economies |
|
Key Market Dynamics |
The increasing demand for sustainable & eco-friendly packaging solutions and increasing demand from the Application industries such as food packaging, healthcare, food service, electronics, and others |
The global Molded Pulp Packaging market size was valued at USD 4.5 Billion in 2022.
The global market is projected to grow at a CAGR of 4.60% during the forecast period, 2023-2032.
Asia Pacific had the largest share in the global market
The key players in the market are Brodrene Hartmann A/S, Huhtamako Oyj, CKF Inc., Thermoform Engineered Quality LLC, Genpak, LLC, Eco-Products, Inc, Pro-Pac Packaging Limited, Fabri-Kal, Hentry Molded Products, Inc, and Sabert Corporation
The Transfer Molded Type dominated the market in 2022.
The Wood Pulp Source had the largest share in the global market.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65319
Published on :
Sep 2023
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