According to the new market research report 'Molded Pulp Packaging Market by Source Type (Wood & Non-wood), Molded Type (Thick Wall, Transfer, Thermoformed, Processed), Product (Trays, Bowls, Cups, Plates, Clamshells), End Use, and Region - Global Forecast to 2024', published by MarketsandMarkets™, the Molded Pulp Packaging Market size is projected to grow from USD 3.5 billion in 2019 to reach USD 4.4 billion by 2024, at a CAGR of 4.4%.
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Browse 105 market data Tables and 34 Figures spread through 139 Pages and in-depth TOC on "Molded Pulp Packaging Market
Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Molded Pulp Packaging Market, By Molded Type
7 Molded Pulp Packaging Market, By Source
8 Molded Pulp Packaging Market, By Product Type
9 Molded Pulp Packaging Market, By End Use
10 Molded Pulp Packaging Market, By Region
11 Competitive Landscape
12 Company Profiles
Molded fiber packaging competences also range from shipping wine bottles and retail packaging for cosmetics to protective packs for jarred candles, cushions for computers, and inserts for mobile phones. The increasing R&D effort with standardized design and testing practices are essential to meet the growing demand for eco-friendly packaging with high-quality features. The electronics segment, therefore, is expected to witness the highest growth during the forecast year.
Asia Pacific is projected to be the fastest-growing region in the molded pulp packaging market, in terms of value. This is attributed to the presence of an increasing number of molded pulp packaging manufacturing units in countries such as China, India, Australia, Indonesia, and Bangladesh in the Asia Pacific region. In addition, these countries are the largest exporters of packaging materials globally. Due to cheap labor costs and availability of domestically produced raw materials, manufacturers prefer setting up manufacturing units for the production of the packaging industry in Asia Pacific countries.
Key Market Players
The molded pulp packaging market is dominated by large players such as Brødrene Hartmann A/S (Denmark), UFP Technologies (US), Thermoformed engineered Quality (TEQ) LLC (US), Genpak LLC (US), and Eco-Products (US). Other players include Pro-Pac Packaging (Australia), PrimeWare-by PrimeLink Solutions (US), Fabri-Kal (US), Henry Molded Products (US), EnviroPAK Corporation (US), Pacific Pulp Molded (US), Sabert Corporation (US), Protopak Engineering Corporation (US), and Cellulose de la Loire (France) These players have a presence of established brands, a wide product portfolio, and strong geographical presence.
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