The market for molded pulp packing machines is anticipated to be worth US$ 570.8 million in 2022 and to grow at a CAGR of 3.4% to US$ 797.1 million by 2032. Trays are expected to continue being the most popular end use segment in the market for molded pulp packaging equipment. The increased demand for trays used in the packaging of fragile goods is credited with the growth. The trays market is predicted to generate an additional potential worth US$125.6 Mn between 2022 and 2032.
The molded pulp packing machines market is anticipated to expand throughout the given time frame. According to a recent FMI estimate, sales of molded pulp packaging equipment will increase between 2022 and 2032, creating an absolute incremental growth opportunity of US$ 226.3 Mn.
Molded pulp machine ensures that the products are manufactured efficiently and are less expensive as compared to the other packaging solutions. Molded pulp is a sustainable packaging solution and is produced from recycled materials.
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Molded pulp packaging machines are used by various industries such as food & beverage, electrical & electronics etc. as they can produce packaging products very cost-efficiently and helps in reducing the carbon footprints of the company. In addition, the rising concerns due to single-use plastic have also increased the demand for the molded pulp packaging machines.
Key Takeaways from Molded Pulp Packaging Machines Market
- In terms of application, the trays segment is estimated to grow at a CAGR of 4.2% CAGR over the forecast period.
- South and East Asia are expected to have the highest growth in the global molded pulp packaging machines market through 2022 & beyond.
- Based on machine type, the automatic machines segment is expected to witness fastest growth during the assessment period.
- Sales of molded pulp packaging machines in food & beverage sector are expected to surge by 1.4x during the forecast period.
“Manufacturers are trying to increase their market share by developing advanced and automatic machines for the production of molded pulp applications owing to cater the increasing demand for sustainable and convenient packaging.” – says FMI analyst
Increased Initiatives to Reduce the Usage of Plastic Packaging to Boost Molded Pulp Packaging Machines Market
Governments across the globe has strengthened the rules owing to the increasing concerns about the environment. One of the key challenges the packaging industry faces is the harmful effects of single-use plastic.
The government and various other organisations across the globe have increased their efforts to reduce plastic as a packaging material. For instance, Ministry of Environment, Forest and Climate Change Government of India has kept a ban on manufacturing, importing and selling single-use plastic items.
Owing to such strict restrictions, manufacturers are opting for molded pulp packaging, as it is a sustainable packaging option. Thus, an increase in the demand for molded pulp packaging owing to rising environmental concerns is expected to increase the demand for molded pulp packaging machines.
Molded Pulp Packaging Machines Market Landscape
Huhtamaki Oyj, TRIDAS, Eurasia United Equipment Group Co., Ltd (EAMC), Brødrene Hartmann A/S and Beston Group Co. ltd. are the key players operating in the global molded pulp packaging machines market. Also, some of the noticeable players operating in the molded pulp packaging machines are Inmaco, PulPac, BeSure Technology Co.,Ltd., HGHY PULP MOLDING PACK CO., LTD, Southern Pulp Machinery (Pty) Ltd, ZH MOULDED PULP CO., LTD., Taiwan Pulp Molding Co., Ltd, Parason, Maspack Limited, SODALTECH, DKM Manufacturing, Inc., HCMP and others.
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Molded Pulp Packaging Machines Market Report
Future market insights, in its new report, offers an unbiased analysis of the global molded pulp packaging machines market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the molded pulp packaging machines based on the machine type (automatic, semi-automatic and manual), application (trays, cups, clamshells, boxes, plates and carriers), and end-use industry (food & beverage, healthcare, electrical & electronics, automotive, personal care & cosmetics and consumer durables) across seven regions.
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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Molded Pulp Packaging Machines Market by Category
By Machine Type:
- Automatic
- Semi-automatic
- Manual
By Application:
- Trays
- Cups
- Clamshells
- Boxes
- Plates
- Carriers
By End-use Industry:
- Food & Beverage
- Healthcare
- Electrical & Electronics
- Automotive
- Personal Care & Cosmetics
- Consumer Durables
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
Related Links –
https://tokemonkey.com/read-blog/118290
https://cigarbook.mn.co/posts/31678952
https://theamberpost.com/post/drop-sealers-market-size-share-cagr-forecast-report-for-2027
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