Molded Pulp Packaging Market Forecasts to 2028 – Global Analysis By Type (Transfer, Thermoformed, Processed, Thick Wall and Other Types), Source (Wood Pulp, Non-Wood Pulp and Other Sources), Product, Application and By Geography

Molded Pulp Packaging Market Forecasts to 2028 – Global Analysis By Type (Transfer, Thermoformed, Processed, Thick Wall and Other Types), Source (Wood Pulp, Non-Wood Pulp and Other Sources), Product, Application and By Geography

According to Stratistics MRC, the Global Molded Pulp Packaging Market is accounted for $4.05 billion in 2022 and is expected to reach $6.02 billion by 2028 growing at a CAGR of 6.82% during the forecast period. Molded pulp packaging is increasingly being used in the food and beverage industry to confine, protect, and preserve food goods. The package uses a small amount of production waste, chemical-free pulping, and recyclable final packaging. It influences the sale, consumption, use, and disposal of goods while also offering a quick and affordable alternative for packaging food products. In addition to reducing waste and saving energy and water during the production phase, the recycling method used in conjunction with moulded packaging dramatically lowers air and water pollution.

According to the report of the Annual Retail Trade Survey (ARTS), total e-commerce sales registered a 43.9% growth reaching USD 707.50 billion from 491.78 billion.

Market Dynamics

Driver:

Sustainability packaging solution

Fiber packaging has been a more appealing choice for consumers as environmental sustainability has gained in prominence. It is not only made of recycled materials; after completing its useful life cycle, it is also readily recyclable once more. Papers created from standard materials are recycled from the moulded fibre pulp. It is anticipated that ongoing research and production innovation will drive market demand.

Restraint

Stringent rules and regulations

Governments have adopted strict restrictions as a result of growing environmental concerns around packaging waste. The production of premium raw materials is being hampered by a number of issues relating to greenhouse gas emissions from manufacturing facilities. Routine tests are also carried out to confirm the functionality of the packaging systems, which is impeding market expansion.

Opportunity

High adoption in primary packaging

The primary container frequently uses moulded fibre as a material. Due to its strong vibration dampening and cushioning capabilities, it has found use in protective packaging. Nonetheless, manufacturers are concentrating on developing sophisticated and protected packaging solutions as a result of technological improvements, which is anticipated to promote market growth.

Threat

Fluctuation in prices of raw material

The moulded pulp packaging sector is negatively impacted by the rising costs of raw materials including wood and non-wood pulp and paper. Aside from the primary raw materials, other raw materials like water and fuel are also becoming more expensive as a result of environmental factors, market volatility, exchange rates, currency controls, and governmental regulations. Fluctuation in the prices of raw materials is hindering the market growth.

Covid-19 Impact

The sudden onset of the COVID-19 pandemic had an adverse impact on the worldwide molded pulp packaging market. In reaction to the crisis, the government enacted a number of measures, including strict lockdowns, which led to industry closures and impacted supply chain activities in a number of end-use verticals. The sales of perishable foods were severely constrained, which had a negative effect on market revenues. Stockpiling and panic buying increased.

The non-wood pulp segment is expected to be the largest during the forecast period

The non-wood pulp segment is estimated to have a lucrative growth, due to the rising concern about deforestation. Agricultural waste or non-woody cellulosic plant resources, such as grasses, cereal straws, sugar cane bagasse, and reeds, are used to make non-wood pulp. Due to its high accessibility, low cost, and growing concern regarding deforestation, this has been gaining appeal in the pulp manufacturing industry.

The electronics segment is expected to have the highest CAGR during the forecast period

The electronics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to high demand from the packaging of sensitive electronic devices such as computers, modems, printers, hard drives, cellphones, and others. Due to technical improvements, the electronic industry is known for its frequent product introductions, which is expected to increase demand for moulded pulp packaging solutions.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the growing demand for sustainable packaging materials. Smartphone use and a boost in broadband internet penetration are the main factors driving e-commerce growth. Market expansion in the region is fueled by rising consumer demand for environmentally friendly packaging options and strict government restrictions on the use of non-biodegradable materials.

Region with highest CAGR

North America is projected to have the highest CAGR over the forecast period, owing to higher rate of adoption of sustainable packaging solutions. Due to the increased usage of single-use plastic packaging materials, the food and beverage industry in the area is raising serious pollution issues. The demand for product packaging solutions is anticipated to increase as out-of-home dining becomes more commonplace as a result of busy lifestyles and greater per capita disposable income.

Key players in the market

Some of the key players profiled in the Molded Pulp Packaging Market include EnviroPAK Corporation, Maspack Ltd, Brodrene Hartmann AS, UFP Technologies Inc., Huhtamaki, Ltd, Best Pulp Pulp Corporation, Genpak, LLC, Thermoform Engineered Quality LLC, Sabert Corp., Pro-Pac Packaging, Henry Molded Products, Protopak Engineering Corporation, Western Product Pulp Company, Alta Global, Inc. and Cellulose de la Loire.

Key Developments

In July 2022, UFP Technologies, inc. disclosed the US $32 million sale CKF, Inc, of its molded fiber business in lowa and accompanying real estate. In addition to creating various synergies for MFT, CKF’S strategic focus an older fiber likely to allow its clients accept to agreater variety of goods and production facilities.

In January 2022, Huhtamaki acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson sp. z o.o. from Smith Anderson Group Ltd. (SA). The company manufactures and sells foodservice paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland.

Types Covered:
• Transfer
• Thermoformed
• Processed
• Thick Wall
• Other Types

Sources Covered:
• Wood Pulp
• Non-Wood Pulp
• Other Sources

Products Covered:
• Bowls & Cups
• Trays
• End Caps
• Plates
• Clamshells
• Others Products

Applications Covered:
• Electronics
• Food Packaging
• Healthcare
• Industrial
• Food Service
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements