Global Bagasse Pulp Molded Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bagasse Pulp Molded Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Bagasse Pulp Molded Products refers to the pulp molded lunch box tableware products produced by bagasse fiber. Bagasse is chemically or biologically processed into bagasse pulp, and then pressed into pulp board. The pulp is crushed by a pulp crusher and then added with water to form pulp with a certain concentration for pulp molded production. The pulp is molded, shaped and cut into Bagasse Pulp Molded Products in a pulp molding machine.

Market Overview:

The latest research study on the global Bagasse Pulp Molded Products market finds that the global Bagasse Pulp Molded Products market reached a value of USD 2415.35 million in 2022. It’s expected that the market will achieve USD 4050.79 million by 2028, exhibiting a CAGR of 9.0% during the forecast period.

The transportation of goods is affected to some extent

Due to the particularity of the epidemic, many areas have introduced policies to restrict traffic. It is required to minimize travel, avoid crowds and reduce the spread of diseases. Moreover, cross-border trade has also been restricted. Many countries have stricter control over import and export products, which increases the transportation time of Bagasse Pulp Molded Products. Many policy measures increase the difficulty of transporting Bagasse Pulp Molded Products. Many modes of transportation are affected and some modes of transportation are cancelled, so the products ordered by online buyers cannot be delivered. The seller can only change the mode of transportation and shorten the transportation time as much as possible. For example, some sellers change railway transportation to air transportation, and the air transportation price is about 4-5 times that of railway, which increases the transportation cost of Bagasse Pulp Molded Products. Sellers will naturally raise commodity prices, which may reduce customer demand, thus affecting sales and the development of Bagasse Pulp Molded Products industry.

Supply shortage of raw materials

Affected by the COVID-19 epidemic, industries in many parts of the world are in a state of blockade and closure. Factories can't run normally and production can't go on normally, thus affecting the output and supply of Bagasse Pulp Molded Products. Because of a series of restrictive policies. Not only domestic industries can't trade, but the state can't trade because of the supervision of cross-border import and export. The epidemic situation in COVID-19 had a negative impact on the upstream process of Bagasse Pulp Molded Products market, and delayed the delivery of raw materials. The production of Bagasse Pulp Molded Products needs a lot of raw materials. If the raw materials can't be replenished in time, the production of Bagasse Pulp Molded Products can't be carried out normally, thus affecting the output and supply of Bagasse Pulp Molded Products.

Substitute restriction

Bagasse Pulp Molded Products has many substitutes, which put it at a disadvantage in the market. Bagasse Pulp Molded Products is a kind of molded pulp product, and there are many raw materials for molded pulp products. Fiber products such as corn, bamboo, wheat straw, rice straw, and sorghum can all be made into molded pulp products, and the molded pulp products made from these raw materials have the same performance as Bagasse Pulp Molded Products. They also have the characteristics of environmental protection, oil resistance, water resistance, strong plasticity, and the same quality as Bagasse Pulp Molded Products. Therefore, the molded pulp products made of these raw materials are strong market competitors of Bagasse Pulp Molded Products, and they may seize the market share of Bagasse Pulp Molded Products, which is not conducive to the development of Bagasse Pulp Molded Products in the market and has caused certain restrictions on the development of Bagasse Pulp Molded Products industry.

Low technical barriers

Bagasse Pulp Molded Products is a manufacturing industry with relatively low technical requirements, so there is basically no need for technical innovation in the production of Bagasse Pulp Molded Products. Producers only need professional equipment and the formula for manufacturing Bagasse Pulp Molded Products to produce. Therefore, the lower technical threshold will not restrict investors who want to enter the Bagasse Pulp Molded Products market, which is a good opportunity for investors.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (26.59% in 2022).

Company Overview:

Zhongxin Environmental Protection Technology is one of the major players operating in the Bagasse Pulp Molded Products market, holding a share of 9.13% in 2022.

Zhongxin Environmental Protection Technology

Established in 2004, Zongxin Environmental Protection Technology is the largest solution provider of pulp molded tableware in China. Zongxin Environmental Protection Technology has been committed to the research and development and manufacture of high-quality green degradable tableware. With industry-leading experience in selecting degradable raw materials, advanced intelligent manufacturing technology and high-precision mold processing capability, Zongxin Environmental Protection Technology can provide green and environmentally-friendly high-quality products. Up to now, Zongxin Environmental Protection Technology has three pulp molded tableware manufacturers, one degradable plastic tableware factory and one intelligent manufacturing equipment factory in China.

Dart Container Corporation

Dart Container Corporation, founded and headquartered in Mason, Michigan, sets the Industry Standard of Excellence in the development, manufacturing and distribution of innovative foodservice packaging solutions. Dart manufactures cups, plates, containers, lids and straws made from such materials as expanded polystyrene foam, solid polystyrene, polypropylene, polyethylene terephthalate (PET), paper and sugar cane.

Segmentation Overview:

As for product types, the Tableware segment held the largest market share in 2022.

Tableware

Tableware is any dish or dishware used for setting a table, serving food, and dining. It includes cutlery, glassware, serving dishes, and other items for practical as well as decorative purposes. Bagasse Pulp Molded can be used to make disposable tableware products, such as bowls, plates, cups, food trays and clamshells, etc.

Industrial Packing

Bagasse Pulp Molded Products is widely used as tray, insert, and box for consumer products like make-up, skincare, electronics, home appliance, wine, and etc.Bagasse Pulp Molded Products provide protection and buffering for industrial products. Bagasse molded products can also be used for tools, pumps, motors, gearboxes or parts that need mild treatment.

Application Overview:

By application, the Offline segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Bagasse Pulp Molded Products market covered in Chapter 3:

Cheong Tai (HK) Ltd
Shenglin Packaging
Guangxi Qiaowang Pulp Packing Products Co.Ltd
Bio Futura B.V
Pactiv Evergreen Inc
Sugarcane Ecoware Co., Ltd
Marinucci Food Packaging
Dinearth
Green World Co Pty Ltd.
Zhongxin Environmental Protection Technology
Saattvic Ecocare Products LLP
Gunjan International
Duni AB
KINYI
GREENWEIMO
Huhtamaki
Grizzlies
Dart Container Corporation
Yash Pakka Ltd
Novolex
Ecoware Solutions
Detpak

In Chapter 4 and Chapter 14.2, on the basis of types, the Bagasse Pulp Molded Products market from 2018 to 2029 is primarily split into:

Tableware
Industrial Packing
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bagasse Pulp Molded Products market from 2018 to 2029 covers:

Online
Offline

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)