In 2023, the pulp moulding machines market is anticipated to be worth US$740.5 million. From 2023 to 2033, the market is anticipated to grow at a CAGR of 3.7% and reach a worth of US$ 1.1 billion.
The pulp molding machines market refers to the industry involved in the manufacturing and sales of machines used for pulp molding. Pulp molding is a process that uses recycled paper or other fibrous materials to create various products such as packaging trays, containers, plates, and cups.
People are becoming more aware of the importance of living a healthy lifestyle and eating organic foods on a global scale. As a result, sustainable packaging options are now more widely accepted, which is the main driver of the market growth for pulp moulding machines.
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The food business is adapting to the rising consumer demand for sustainable products by using things like pulp-molded packaging for food items. It is anticipated that major companies in the food business will convert from plastic packaging to pulp-molded packaging. This is anticipated to increase demand for pulp moulding machines.
The demand for packaged, on-the-go food has increased due to people’s increasingly hectic lifestyles, which is good for the packaging business. Furthermore, there is a greater need for pulp-molded packaging due to growing consumer awareness of products’ sustainability.
On the other hand, rising purchasing power and better living conditions can discourage the use of plastic packaging, particularly for food products. Hence, pulp moulding machine sales have increased globally.
Throughout the projected period, Asia-Pacific is likely to have a sizable market share for fiber molding machines. The surge in demand for sustainable and environmentally friendly packaging, notably from the food and beverage sector, is the main factor behind the region’s supremacy.
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Key Takeaways from the Pulp Molding Machines Market:
- The historical CAGR for the market was 3.3% from 2018 to 2022.
- The semi-automatic machines segment is expected to record a CAGR of 3.9% during the forecast period.
- Regarding product type, the rotary pulp molding machine is anticipated to record a CAGR of 3.8% during the forecast period.
- China is expected to be the dominant market, with an anticipated market size of US$ 226.1 million by 2033.
- The United States market is expected to record a CAGR of 3% and reach a valuation of US$ 189.1 million by 2033.
Recent Developments:
- Brodrene Hartmann A/S has kept its primary focus on getting its machinery upgraded. It is also focusing on enhancing its service. This is done to attract new customers with improved services like maintenance and troubleshooting.
- HGHY Pulp Molding Pack Co. Ltd., which provides various services such as maintenance and installation of machines to its clients, has also added after-sales services to its list of offerings.
- ZH Molded Pulp Co. Ltd. is keeping its focus on adding new collaborations and partnerships with different traders and suppliers in the packaging for the pulp molding industry. The company intends to make its global distribution network stronger.
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Key Players:
- Huhtamaki Oyj.
- Brodrene Hartmann A/S
- BeSure Technology Co., Ltd.
- Acorn Industry
Pulp Molding Machines Market Segmentation by Category
By Capacity Type:
- < 1,500 units/hr.
- 1,501-3,500 units/hr.
- 3,501-5,500 units/hr.
- Above 5,500 units/hr.
By Machine Type:
- Automatic
- Semi-automatic
- Manual
By Product Type:
- Rotary
- Reciprocating
By Application:
- Trays
- Boxes & Containers
- End Caps
- Cups & Bowls
- Plates
- Drink Carriers
- Others
By End Use:
- Food & Beverages
- Egg Packaging
- Wine Packaging
- Fruit Packaging
- Others
- Electrical & Electronics
- Automotive
- Healthcare
- Consumer Goods
- Cosmetic & Personal Care
- Others
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
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