The Molded Pulp Packaging Market size is estimated at USD 5.20 billion in 2024, and is expected to reach USD 5.66 billion by 2029, growing at a CAGR of 5.66% during the forecast period (2024-2029).
Rapidly growing demand for convenient and sustainable packaging alternatives, ongoing development of molded fiber products that are more competitive as a plastic alternative, and increasing orders from electronics, food packaging, and healthcare sectors are some of the primary drivers of the molded pulp packaging market.
The molded pulp packaging market is fragmented due to the presence of several domestic and global players. The companies mainly offer customized solutions to meet customer requirements. Significant players use various strategies, such as product launches, agreements, and acquisitions, to increase their footprints in the market. The key players in the market are Keiding Inc., EnviroPAK Corporation, Huhtamaki Oyj, etc.
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