According to Future Market Insights, Europe molded fiber pulp packaging market is projected to total US$ 2,702.5 million in 2024. Industries like food & beverage, cosmetics, automotive, and electronics in Europe are also seeking eco-friendly packaging solutions to comply with regulations and reduce their footprint. Courtesy of this, demand for molded fiber packaging across Europe is forecast to grow at a CAGR of 3.8%, with total valuation reaching US$ 3,938.1 million by 2034.
Rising adoption of sustainable and eco-friendly packaging solutions across industries such as food & beverages, electronics, cosmetics, and healthcare is a primary driving Europe molded fiber pulp packaging market forward.
European firms are increasingly utilizing packaging solutions made from materials such as molded pulp, in response to the growing trend toward sustainability. The protective features which molded fiber pulp packaging provide to the electronics products, such as cushioning, void fill, and blocking & bracing, will increase sales of molded fiber pulp packaging in Europe during the forecast period.
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Similarly, growing preferences for environmentally friendly and easy-to-open packaging that provides excellent protection for electrical products will fuel molded fiber pulp packaging demand across Europe.
Molded fiber is becoming more popular among electronics manufacturers for product packaging since it is recyclable, adaptable, and protects products during transportation. Due to strict regulations by the government in Europe to reduce carbon emissions, electronics manufacturers and packaging solutions providers are adopting recyclable material for packaging that has low carbon emissions as compared to plastic and other substitutes. This is creating growth opportunities for the molded fiber pulp packaging market in Europe and the trend is expected to continue during the projection period.
Another key factor that is likely to create growth opportunities for molded fiber pulp packaging manufacturers across Europe is the growing demand for packaged food products.
“Rising consumer demand for packaged food and shift towards eco-friendly and sustainable packaging solutions are expected to boost the molded fiber pulp packaging industry in Europe. Besides this, the government’s strict regulations on the use of traditional plastic will provide a growth opportunity for molded fiber pulp packaging companies,” says a Future Market Insights analyst.
Ban on Plastic Packaging Usage to Boost Molded Fiber Pulp Packaging Market Across Europe
Retail businesses that sell fruits and vegetables in plastic containers are looking for alternatives to plastic containers due to the ban on fruits & vegetables being sold in plastic containers in Europe. For instance, the French Government announced a ban on fruits & vegetables being sold in plastic containers from January 2022. Similarly, Spain government is also about to impose a ban on fruits & vegetables being sold in plastic containers from 2023. These bans can create growth opportunities for reusable containers such as molded fiber pulp containers.
Clamshell containers, trays, and other molded fiber pulp packaging can be used in place of plastic containers for packing fruits & vegetables. They adhere to the anti-waste law and are also cost-effective. Molded fiber pulp is reusable and can be recycled several times.
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Hence, ban on plastic containers coupled with growing demand for recyclable & reusable packaging solutions will boost molded fiber pulp packaging market across Europe during the forecast period.
Europe Molded Fiber Pulp Packaging Market Landscape
Key players operating in Europe molded fiber pulp packaging market are Huhtamaki Oyj, International Paper Company, TRIDAS s.r.o., PAPACKS SALES GmbH, Pulp-Tec Limited, PulpWorks, Inc., TART, Dentaş Paper Industry Inc., Zume Inc., AR Packaging, Brødrene Hartmann A/S, Henry Molded Products, Primapack SAE, Robert Cullen Ltd, buhl-paperform GmbH, The OMillioni-Pac Group, Decapulp, SL, Pulpex Ltd, Sonoco Products Company, Vernacare, Stora Enso, MOULDED FIBRE PRODUCTS, HZ Corporation, Colpac Ltd., and Kiefel Technologies.
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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