Molded Pulp Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The molded pulp packaging market was valued at USD 4,000.0 million in 2021, and it is expected to reach a value of USD 5,661.23 million by 2027, registering a CAGR of 5.98% during the forecast period (2022-2027). Molded pulp packaging is mainly adopted for its efficient and better recycling systems and creates an increasing demand for customized packaging sizes.
Key HighlightsThe molded pulp packaging market is fragmented in nature, due to the presence of domestic and global players. The companies mainly offer customized solutions as per customers’ requirements. Further, major players are using various strategies, such as product launches, agreements, and acquisitions, to increase their footprints in the market. The key players in the market are Maspack Ltd, EnviroPAK Corporation, etc. Recent developments in the market include:
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