The rising environment awareness among the governments as well as population and other major driving factors is expected to favor the rise in the global molded fiber pulp packaging market
Reports and Insights has published a new report titled, “Molded Fiber Pulp Packaging Market: Opportunity Analysis and Future Assessment 2022-2030”
Global Molded Fiber Pulp Packaging Market, By Product Type (Trays, Drink Carriers, Boxes, End Caps, Plates, Bowls, Cups, Clamshell Containers), By Molded Pulp Type (Thick wall, Transfer Molded, Thermoformed Fiber, Processed Pulp), By Application (Primary Packaging, Secondary Packaging, Edge Protectors), By End Use (Consumer Durables, Food & Beverage (Egg Packaging, Wine Packaging, Fruit Packaging, Others), Cosmetics, Food Services, Healthcare, Automotive, Logistics, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The molded fiber pulp packaging market is estimated to reach at a value of US$ 7,562.6 Mn by the end of 2022 and expected to reach at a value of US$ 11,630.7 Mn by 2030 with a significant CAGR of 5.5%
Molded fiber pulp is basically an environment-friendly and biodegradable raw material that is sustainable and generally wood-based. In several cases, fiber pulp is consumed to fabricate molded fiber packaging, paper, board, tissue, and specialty paper.
A molded fiber pulp packaging can be perceived as extremely versatile packaging and can be employed not just for luxury products but as a protective cover for consumables such as food, plates, trays, bowls, and a whole lot more. It is requisite to consume biodegradable packaging substances for exclusive consumption products, for instance, food. According to the Sustainable Packaging Coalition, molded fiber packaging, given that it can be re-utilized and decomposable, has been known as a sustainable packaging material.
Together with the technological upgrades and advancements of pulp manufacturing and molded fiber, final outcomes are an exquisite sophistication that further adds a supplementary dimension of intrigue to the unwrapping experience.
Molded fiber packaging is, in present times, employed for everything starting from regular egg cartons to luxury packaging for premium brands. As society emphasizes more on safeguarding the environment, molded fiber packaging is obtaining approval and popularity for its appealing quality of being an absolute sustainable alternative. Owing to which, the molded fiber pulp packaging is witnessing higher demand all across the markets, thereby projected to offer huge breakthroughs to the market growth over the forthcoming years.
By the same token, the growing demand for sustainable and protective packaging solutions as well as rising count of stringent regulations by governments with regard to safe and clean environment is further expected to contribute positively to the growth of the global molded fiber pulp packaging market in the following years.
Having said that, constant fluctuation in the costs of wood pulp is likely to slow down the market growth in the near future. Nevertheless, the rising investments in R&D activities is further acting as a lucrative opportunity for the future growth of the global molded fiber pulp packaging market over the coming years.
Reports and Insights Study identifies some of the key participating players in the molded fiber pulp packaging market globally are UFP Technologies, Inc., PulpWorks, Inc., PulPac, AR Packaging, HUHTAMAKI GLOBAL, Hartmann, Sonoco, EnviroPAK, Nippon Molding, CDL Omni-Pac, Vernacare, Pactiv, among others.
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