Global Molded Pulp Packaging Market Share Is Expected To Grow At A CAGR Of 7.71% By 2030

09-May-2023 | Facts and Factors

According to the Facts and Factors report, the global molded pulp packaging market size was worth around USD 5.1 billion in 2022 and is predicted to grow to around USD 9.81 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.71% between 2023 and 2030.

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The industry is a segment of the larger packaging sector and deals with the use of recycled paper typically manufactured from cardboard or waste paper. The molded pulp packaging solutions are produced by wet pulp into desired shapes and sizes. Once the mold dries, it becomes hard and can be used as a durable packaging material.

The industry deals with the production and distribution of these sustainable packaging materials since it has wide-scale applications in sectors like food & beverages, electronics, healthcare, and consumer goods. One of the leading causes for the tremendous demand for molded pulp packaging is its eco-friendliness since it is a biodegradable and sustainable substitute for plastics and other types of foam packaging solutions. The industry is expected to grow at a steady CAGR during the forecast period.

Browse the full “Molded Pulp Packaging Market Size, Share, Growth Analysis Report By Type (Industrial Molding Pulp/Dry Press, Rotary Molding, Fiber Thermoforming, and Wet Press), By Product Type (Splitters, Trays, Cups, Plates, Clamshells, and Others), By End-User (Electronics, Eggs, Food & Service, Agriculture, Appliances, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” report at https://www.fnfresearch.com/molded-pulp-packaging-market

The global molded pulp packaging market is projected to grow owing to the increasing government initiatives toward the adoption of sustainable solutions across industries including the packaging sector. Many governments around the world have initiated multiple programs aiming to implement regulations and initiatives that will assist in reducing plastic waste and promoting the use of sustainable packaging. Furthermore, the food and beverage industry is another major contributor to the industry and especially for products like egg cartons, fruit trays, and associated applications.

With the growing population, rising employment rate, increase in disposable income, access to global food products, and several other causes, the demand for molded pulp packaging is projected to continue growing. The rising advancements and developments in molding systems and technology have assisted in making the entire process glitch free and cost-effective, further contributing to the global market size expansion.

However, even though molded pulp packaging is eco-friendly it is relatively more expensive than producing traditional packaging materials like plastic making it less appealing to smaller players in the industry. Moreover, limited applications of the materials can make existing businesses question the overall efficiency of the business. One of the technical failures of molded pulp packaging material is its ability to hold moisture thus limiting its application, especially in segments where water resistance is of critical importance.

The increasing product innovation and development may provide multiple growth opportunities while the growing competition from alternatives could challenge market growth.

global-molded-pulp-packaging-market-size

Segmental Overview:

The global molded pulp packaging market is segmented based on type, product type, end-use, and region.

Based on type, the global market segments are industrial molding pulp/dry press, rotary molding, fiber thermoforming, and wet press.

Based on product type, the global market segments are splitters, trays, cups, plates, clamshells, and others.

  • 2022 registered the highest growth in the trays segment followed by cups and clamshells
  • Trays are one of the most versatile product types, especially in the food & beverage segment which is one of the largest consumers in the industry
  • They can also be used in healthcare and electronic packaging
  • Clamshells are mostly used in the food industry whereas containers act as a protective carrier for hot and cold beverages
  • Starbucks, a leading player in the beverage sector, generated a revenue of USD 28.5 billion in the fiscal year 2021

Based on end-use, the global market divisions are electronics, eggs, food & service, agriculture, appliances, and others.

  • The largest end-user for the industry in 2022 was food & service since molded pulp packaging is used extensively as a cushioning packaging material for food products
  • Eggs were the second-most significant segment due to the growing demand for egg and associated edibles across the globe
  • The demand for molded pulp packaging is rising in the electronics, and agriculture segments
  • As per the Food and Agriculture Organization of the United Nations (FAO), China produced more than 466 billion eggs in 2020

Regional Overview:

North America is expected to assert its dominance in the global molded pulp packaging market during the forecast period mainly due to the higher product adoption rate along with the presence of key market players investing heavily in marketing and advertising activities for better promotion and acceptance of the products. Growth in Europe may be driven due to the strategic and competitive undertakings of the existing crucial players to enter new markets and explore the previously untouched segments of emerging economies.

Furthermore, the higher consumption of the product in the growing healthcare sector along with the food & beverages industry may lead to a high regional CAGR. Asia-Pacific is anticipated to be led due to the growing emphasis on sustainable development in China, India, Japan, and South Korea along with the growth in food demand due to the rising population.

Report Scope

Report Attribute

Details

Market Size in 2022

USD 5.1 Billion

Projected Market Size in 2030

USD 9.81 Billion

CAGR Growth Rate

7.71% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

Brødrene Hartmann A/S, Henry Molded Products Inc., Stora Enso Oyj, EnviroPAK Corporation, Huhtamaki Oyj, Ecologic Brands Inc., Pacific Pulp Molding Inc., Dana Plast Nigeria Ltd., Keiding Inc., Fibercel Packaging LLC, Sonoco Products Company, Pro-Pac Packaging Group Pty Ltd., UFP Technologies Inc., Brodrene Hartmann India Pvt Ltd., Proto Labs Inc., ESCO Technologies Inc., Genpak LLC, Apple Ltd., Smurfit Kappa Group, Pactiv LLC., and others.

Key Segment

By Type, Product Type, End-User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Competitive Landscape:

The global molded pulp packaging market is driven by Brødrene Hartmann A/S, Henry Molded Products, Inc., Stora Enso Oyj, EnviroPAK Corporation, Huhtamaki Oyj, Ecologic Brands Inc., Pacific Pulp Molding, Inc., Dana Plast Nigeria Ltd., Keiding, Inc., Fibercel Packaging LLC, Sonoco Products Company, Pro-Pac Packaging Group Pty Ltd., UFP Technologies, Inc., Brodrene Hartmann India Pvt Ltd., Proto Labs Inc., ESCO Technologies Inc., Genpak LLC, Apple Ltd., Smurfit Kappa Group, and Pactiv LLC.

Recent Developments:

  • In January 2021, Huhtamaki, a Finnish player in the global industry, announced the addition of a new line of molded pulp packaging thus asserting its dominance in the sustainable packaging solutions segment
  • In October 2020, UFP Technologies (US) announced the acquisition of Dielectrics, Inc., which is a company that deals in the production of molded pulp packaging solutions for the consumer electronics segment
  • In March 2021, Pactiv Evergreen added a new range of plates and bowls made of molded fiber that are derived using 100% renewable raw materials

The global molded pulp packaging market is segmented as follows:

By Type

  • Industrial Molding Pulp/Dry Press
  • Rotary Molding
  • Fiber Thermoforming
  • Wet Press

By Product Type

  • Splitters
  • Trays
  • Cups
  • Plates
  • Clamshells
  • Others

By End-User

  • Electronics
  • Eggs
  • Food & Service
  • Agriculture
  • Appliances
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

About Us:

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