Molded Fiber Pulp Packaging Market Predicted to Reach US$ 15.1 Billion by 2034 | FMI

Valued at US$ 8.6 billion in 2023, the molded fiber pulp packaging market is poised for significant expansion, projected to be worth US$ 9.0 billion in 2024. With a forecasted Compound Annual Growth Rate (CAGR) of 5.4% from 2024 to 2034, the market is expected to witness sustained growth, reaching an estimated demand of US$ 15.1 billion by 2034. This surge reflects the increasing preference for sustainable and eco-friendly packaging solutions, driving the adoption of molded fiber pulp packaging across various industries and contributing to its substantial market valuation over the forecasted decade.

The surge in market demand over the forecast period is anticipated to be propelled by a heightened emphasis on sustainability. Beyond consumer preferences, industrial manufacturers are aligning with eco-friendly trends, recognizing the importance of adopting environmentally conscious packaging solutions. Moreover, the escalating regulatory focus on non-biodegradable materials is playing a pivotal role in driving the market’s growth. The combination of consumer awareness, industry initiatives, and regulatory measures underscores a collective effort toward sustainable practices, fostering a positive trajectory for the adoption of eco-friendly packaging solutions like molded fiber pulp over the coming years.

Among the most promising markets, India is poised for substantial growth with an anticipated Compound Annual Growth Rate (CAGR) of 7.7% from 2024 to 2034. The surge in industrialization, coupled with an increasing emphasis on sustainability, is set to fuel the demand for molded fiber pulp packaging in India. With the government’s dedicated initiatives to phase out single-use plastic, there is a positive outlook for sustainable packaging materials like molded fiber pulp packaging, aligning with India’s commitment to environmental responsibility and driving a significant market expansion in the region.

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Key Players

• UFP Technologies, Inc.
• FiberCel Packaging LLC
• Huhtamaki Oyj
• Pactiv LLC
• Henry Molded Products, Inc
• EnviroPAK Corporation
• Spectrum Lithograph Inc.
• ESCO Technologies Inc.
• ProtoPak Engineering Corporation
• Brodrene Hartmann A/S
• OrCon Industries Corporation
• Keiding, Inc.
• Pacific Pulp Molding, LLC
• Guangxi Qiaowang Pulp Packing Products Co, Ltd.
• Celluloses De La Loire
• Dynamic Fibre Moulding (PTY) Ltd.
• Primapack SAE
• Green packing Environmental Protection Technology Co., Ltd.
• Dongguan City Luheng Papers Company Ltd.
• Guangzhou NANYA Pulp Molding Equipment Co., Ltd.

Demand for Primary Packaging Affecting Growth in Molded Fiber Pulp Packaging Market

The demand for primary packaging is playing a crucial role in influencing the growth of the molded fiber pulp packaging market. As businesses and consumers alike prioritize sustainable and eco-friendly packaging solutions, molded fiber pulp has gained significant traction. This material is derived from recycled paper and is known for its biodegradability and compostability.

The emphasis on environmentally friendly packaging has led to a surge in the adoption of molded fiber pulp packaging across various industries. Primary packaging, which directly encases and protects the product, is a key focal point for companies seeking sustainable alternatives. Molded fiber pulp offers a viable solution as it not only provides adequate protection to the products but also aligns with the growing environmental consciousness among consumers.

The molded fiber pulp packaging market is witnessing increased demand as businesses recognize the importance of reducing their environmental footprint. The packaging industry is responding to consumer preferences for sustainable options, and molded fiber pulp aligns well with these expectations. Its biodegradable nature makes it an attractive choice for companies looking to enhance their sustainability credentials.

Key Takeaways

• In 2022, the United States ruled the molded fiber pulp packaging market, with a share of 16.9%.
• The molded fiber pulp packaging market increased at a 3.1% CAGR between 2016 and 2022, citing FMI’s study.
• The molded fiber pulp packaging market was expanding, with a value of US$ 8.14 billion in 2022.
• The expansion in China is anticipated to expand at an adequate CAGR of 7.2% by 2033.
• In 2022, Japan was expanding significantly in the molded fiber pulp packaging market, with a share of 4.9%
• By 2033, the molded fiber pulp packaging sector is likely to increase in India with a size of US$ 1085.9 million.
• The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 4.5% by 2033.
• Based on packaging type, the 4 cups drink carriers led the market share of 45.7% in 2022.
• Based on molded pulp type, the transfer molded pulp segment led the market share in 2022 and continues to dominate the sector during the forecast period.

Key Strategies in the Industry

As both international and local businesses operate in the molded pulp packaging sector, the market is quite competitive. Businesses that are active in the market offer a broad selection of goods that come in a wide range of forms, dimensions, and hues. Additionally, they provide products with customized packaging to meet the needs of individual customers.

A new fiber packaging line for the production of food service packaging and egg packaging was officially opened in 2019 by Huhtamaki Oyj. Additionally, the business is spending money on research and development to improve and introduce new product lines for commercial growth.

One of the most well-known manufacturers of disposable dinnerware in America, Chinet, produces molded fiber pulp tableware that is microwave safe.

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Key Segments Profiled in the Molded Fiber Pulp Packaging Market

By Product Type:

• Trays
• Drink Carriers
  • 2 Cups
  • 4 Cups
  • 6 Cups
  • More than 8 cups
• Boxes
• End Caps
• Plates
• sBowls
• 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
  • Mobile Phone
  • Television
  • Laptops
  • Tubelight & Bulbs
  • Other
• Food & Beverage
  • Egg Packaging
    • 4 Eggs
    • 6 Eggs
    • 12 Eggs
    • 24 Eggs
    • More than 30 Eggs
  • Wine Packaging
    • 375 ml
    • 750 ml
    • 1.5 liters
    • More than 3 liters
  • Fruit Packaging
  • Others
• Cosmetics
• Food Services
• Healthcare
• Automotive
• Logistics
• Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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