Global demand in the molded fiber pulp packaging market is estimated to register year-on-year (YoY) growth of 4.4% in 2021, reaching a total volume of 3 Mn Tons. The global sales of molded fiber pulp packaging are expected to grow by 4.8% in 2021 surpassing US$ 7.7 Bn. The overall ten-year compound annual growth rate (CAGR) remains positive at 5.1%.
In 2021, the U.S. market is expected to register 4.2% year on year growth after a period of sluggish sales on account of COVID-19 induced restrictions. Across North America, the total sales of molded fiber pulp packaging will reach US$ 1.3 Bn by the end of the year.
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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.
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“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.
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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Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Molded Fiber Pulp Packaging market analysis from 2022 to 2032 to identify the prevailing Molded Fiber Pulp Packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Molded Fiber Pulp Packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global Molded Fiber Pulp Packaging market trends, key players, market segments, application areas, and market growth strategies.
Related Links –
https://issuu.com/nk99/docs/lab_trays_market_size
https://www.slideshare.net/niranjankarde/lab-trays-market-size-share-global-industry-report-for-2031
https://www.slideserve.com/niranjan6/lab-trays-market-size-share-growth-report-for-2031
https://www.pearltrees.com/niranjankarde/item495356401
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