As the world is transitioning towards sustainable and eco-friendly packaging solutions, the demand for biodegradable packing and storage solution is on the rise. FMI estimates that the pulp moulding machine market will experience a year-on-year growth rate of 3.4% in 2021.
As per Future Market Insights (FMI) analysis, the pulp moulding machine market will generate revenue, totaling US$ 692 Mn in 2021. Between 2021 and 2031, the market is forecast to exhibit compound annual growth rate (CAGR) of 3.6% by the end of 2021.
Leading companies such as Huhtamaki Oyj., Brodrene Hartmann A/S, BeSure Technology Co. Ltd., and Acorn Industry will account for nearly 8 to 10% sales in the market in 2021.
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Pulp Moulding Machines Market: Trends
- The pulp moulding machines manufacturers are improvising their product and service offerings by continuous development, expansion, and advance customer services. Some examples of initiatives taken by key players to enhance the market position are as follows:
- In November 2018, the Huhtamäki Oyj invested ~ US$ 8 million to expand its fiber packaging business in the Russia and Nordics market.
- Brodrene Hartmann A/S is focusing on the up-gradation of equipment/machinery along with service enhancement to gain new consumer-based. The company is mainly offering troubleshooting and maintenance services to its client.
- ZH Moulded Pulp Co., Ltd. is focusing on partnerships with exporters, importers, suppliers, and traders of pulp machinery to strengthen its distribution network across the globe.
- HGHY Pulp Molding Pack Co., Ltd. is providing all range of services to its clients such as installation, maintenance, and after-sales services.
Pulp Moulding Machines: Structure Analysis
The global pulp moulding machines market is characterized by the presence of several established players, which accounts for considerable market share. With high-quality machine manufacturing & sales growth, the European companies are estimated to be the tier 1 players in the global market.
Tier 1 players are characterized by high segmental revenue and adoption of strategies such as expansion & product development.
Tier 2 players are marked by overseas presence with specific pulp moulding machines portfolio.
Tier 3 players include the majority of the company’s presence limited to the domestic market only.
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Key players operating in the global pulp moulding machines market include Huhtamaki Oyj., DKM Machine Manufacturing Inc., Pulp Moulding Dies Inc., BeSure Technology Co., Ltd, Maspack Limited, Taiwan Pulp Moulding Co., Ltd., Beston (Henan) Machinery Co., Ltd., K.U. SODALAMUTHU AND CO. PVT. LTD., ZH Moulded Pulp Co., Ltd., HGHY Pulp Molding Pack Co., Ltd., Guangzhou Nanya Pulp Molding Equipment Co., Ltd., Inmaco Solutions B.V., Xiangtan Shuanghuan Machinery Development Co., Ltd., Southern Pulp Machinery (Pty) Ltd., Longkou City Hongrun Packing Machinery Co., Ltd., and Brodrene Hartmann A/S among others.
Key Segments Covered in Pulp moulding machines Market Study
Capacity Type:
- < 1,500 units/hr.
- 1,501-3,500 units/hr.
- 3,501-5,500 units/hr.
- Above 5,500 units/hr.
Machine Type:
- Automatic
- Semi-automatic
- Manual
Product Type:
- Rotary
- Reciprocating
Application:
- Trays
- Boxes & Containers
- End Caps
- Cups & Bowls
- Plates
- Drink Carriers
- Others
End Use:
- Food & Beverages
- Egg Packaging
- Wine Packaging
- Fruit Packaging
- Others
- Electrical & Electronics
- Automotive
- Healthcare
- Consumer Goods
- Cosmetic & Personal Care
- Others
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