According to a new report by Expert Market Research titled, “Global Moulded Pulp Packaging Market Share, Size, Report and Forecast 2024-2032″, the global moulded pulp packaging market size reached a value of USD 3.83 billion in 2023. Aided by the surging demand for sustainable packaging solutions and the versatility of moulded pulp in various industries, the market is projected to further grow at a CAGR of 4.0% between 2024 and 2032 to reach a value of USD 4.83 billion by 2032.
Moulded pulp packaging, primarily derived from recycled materials such as paperboard and newsprint, offers an environmentally friendly solution to the packaging needs of diverse industries. It is popularly employed for protective packaging of products, especially in sectors like electronics, food & beverages, and consumer goods. Its attributes of being biodegradable, compostable, and sustainable make it an increasingly favoured choice amidst growing environmental concerns and stringent packaging regulations.
One of the primary factors propelling the moulded pulp packaging market growth is the growing global emphasis on sustainability. As the detrimental effects of plastic pollution come to the forefront, consumers and industries alike are pivoting towards eco-friendly alternatives. Moulded pulp packaging, being both recyclable and biodegradable, emerges as a robust contender in the race for sustainable packaging solutions.
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The versatility of moulded pulp poses a positive impact on the moulded pulp packaging market outlook. The ability to mould pulp into varied shapes and sizes means it can cater to a diverse range of products, from electronics to eggs. This adaptability makes it a go-to choice for manufacturers looking for protective and sustainable packaging.
Additionally, the rise of e-commerce has further boosted the moulded pulp packaging market demand. With online shopping becoming a norm, there’s an increased need for protective packaging to ensure products reach consumers undamaged. Moulded pulp, with its shock-absorbing properties, effectively meets this demand, further bolstering its market presence.
Furthermore, industries such as food and beverages, which require packaging that offers both protection and thermal insulation, find moulded pulp packaging to be apt. The food sector, especially the fast-food segment, has witnessed a surge in the adoption of moulded pulp trays and containers, driven by the twin demands of sustainability and functionality.
However, the applications of moulded pulp are not just confined to the realms mentioned. The healthcare sector, always in need of sustainable solutions for product trays and containers, is increasingly incorporating moulded pulp into its packaging strategy. Similarly, the agricultural sector finds moulded pulp trays ideal for transporting delicate produce like fruits and seedlings.
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Market Segmentation
The market can be divided based on type, source, product type, end use, and region.
Market Breakup by Type
• Thick Wall
• Transfer
• Thermoformed
• Processed
Market Breakup by Source
• Wood Pulp
• Non-Wood Pulp
Market Breakup by Product Type
• Trays
• Cups
• Clamshells
• Plates
• Bowls
• Others
Market Breakup by End Use
• Foodservice Disposables
• Food Packaging
• Healthcare
• Electronics
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global moulded pulp packaging market. Some of the major players explored in the report by Expert Market Research are as follows:
• Huhtamaki OYJ
• UFP Technologies, Inc.
• Thermoformed Engineered Quality LLC
• Gepack
• Pro-Pac Packaging Limited
• Others
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