The global molded pulp packaging machines market is set to enjoy a valuation of US$ 570.8 Million in 2022, and expand at a CAGR of 3.4% to reach 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.
Molded pulp packaging is a type of packaging material that is made from recycled paper and cardboard. It is manufactured using a process called thermoforming, where the material is molded into a specific shape using heat and pressure. Molded pulp packaging is used to package a wide range of products, from electronics to food and beverages.
For details on vendors and their offerings – Request a sample report https://www.futuremarketinsights.com/reports/sample/rep-gb-15393
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.
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
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-15393
Molded Pulp Packaging Machines Market: Key Drivers
The Molded Pulp Packaging Machines Market is witnessing significant growth due to several key drivers, including:
1. Growing Demand for Sustainable Packaging Solutions- As consumers become more environmentally conscious, there has been a growing demand for sustainable packaging solutions. Molded pulp packaging offers an eco-friendly alternative to traditional packaging materials like plastic and Styrofoam, making it a preferred choice for many businesses.
2. Stringent Government Regulations- Many countries have implemented stringent regulations to reduce the use of non-biodegradable packaging materials. For instance, the European Union has banned single-use plastics, and China has imposed a ban on plastic waste imports. These regulations are driving the demand for sustainable packaging solutions like molded pulp packaging.
3. Cost-Effective Solution- Molded pulp packaging is a cost-effective solution for packaging needs. It is made from recycled materials, which are readily available, making it an affordable alternative to traditional packaging materials.
Get Discount Right Here @ https://www.futuremarketinsights.com/request-discount/rep-gb-15393
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.
Get Customization on this Report for Specific Country @ https://www.futuremarketinsights.com/customization-available/rep-gb-15393
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
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
