In 2021, the demand for moulded fibre pulp packaging is anticipated to expand annually (YoY) by 4.4%, reaching a volume of 3 Mn Tons. In 2021, it’s anticipated that sales of moulded fibre pulp packaging will increase by 4.8% and surpass US$ 7.7 Bn. The total CAGR over the past ten years is still good at 5.1%.
The U.S. market is anticipated to rise by 4.2% year over year in 2021 following a period of slow sales as a result of COVID-19-induced restrictions. By the end of the year, moulded fibre pulp packaging will generate US$ 1.3 billion in sales throughout North America.
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Key Points Covered in Molded Fiber Pulp Packaging Market Study
- Market estimates and forecast 2015-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Molded Fiber Pulp Packaging Market and How to Navigate
- Recommendation on Key Winning Strategies
Key Takeaways from Molded Fiber Pulp Packaging Market
Trays are estimated to hold more than 34% of the market share by 2031, owing to wide scope of applications and superior durability.
In North America, the U.S. has emerged as a mature market owing to the presence of major food & beverage manufacturers. It will register incremental opportunity of US$ 774.1 Mn.
Transfer molded pulp products are expected to expand at a CAGR of 5.4%. This pulp type offers manufacturers a better recyclable and responsible alternative to plastic.
China leads Asia Pacific excluding Japan and is expected to reach a valuation of US$ 2.2 Bn in 2031.
The U.K. will dominate Europe, surpassing Germany to reach 21% of the value share by 2031. Growth in the U.K. will be supported by investments in research, and positive prospects for imports.
“The global molded fiber pulp packaging market is driven by surge in demand for sustainable packaging solutions with protective packaging characteristics. These solutions also are considered ideal for logistics and transport,” says an FMI analyst.
Who is winning?
Leading players in the molded fiber pulp packaging market are largely focused on production development and capacity expansion strategies. Key players contribute approximately 20-30% of the global market.
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Top players include but are not limited to Huhtamaki Oyj., Pactiv LLC, Brodrene Hartmann A/S, Henry Molded Products, Inc., ESCO Technologies Inc., UPF Technologies, Inc., ProtoPak Engineering Corporation and Celluloses De La Loire are the top players operating in the Molded Fiber Pulp Packaging market..
Molded Fiber Pulp Packaging Market by Category
By Product Type:
- Trays
- Drink Carriers
- Boxes
- End Caps
- Plates
- Bowls
- Cups
- Clamshell Containers
By Molded Pulp Type:
- Thick wall
- Transfer Molded
- Thermoformed Fiber
- Processed Pulp
By Application:
- Primary Packaging
- Secondary Packaging
- Edge Protectors
By End Use:
- Consumer Durables
- Food & Beverage
- Wine Packaging
- Fruit Packaging
- Others
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Related Links –
https://theavtar.com/read-blog/23825
https://wineart24.com/read-blog/21755
https://www.pickmemo.com/read-blog/116277
https://ai.ceo/read-blog/21205
https://waappitalk.com/read-blog/28183
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