According to the new report published by Industry Research Place Global Molded Pulp Packaging Market is valued at USD 3591.48 Million in 2020 and is expected to reach USD 4304.6 Million by 2025 with the CAGR of 3.67 % over the forecast period.
This report analyses the global market for Molded Pulp Packaging. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
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Molded pulp packaging has arisen as an idyllic solution for both primary and secondary packaging in consumer durable electronic goods and food & beverage considering the aspects like an eco-friendly and biodegradable packaging type. In addition, it is manufactured with 100% recycled materials. Besides, the molded pulp fiber manufacturing process has no wastage, as all the residue and water are recycled and reused, which makes it more affordable than conventional variants such as expanded polystyrene, vacuumed formed polyethylene terephthalate (PET), and polyvinyl chloride (PVC). On this proposition, molded fiber pulp packaging aids in cost-optimization during shipping and transportation.
As both packaging manufacturers and end-users are more tending towards employing packaging solutions that are sustainable, environment-friendly, and cost-effective, they are opting for molded pulp packaging. Besides, availability in diverse sizes and shapes molded fiber papers aid end-users in offering safe packaging for a multitude of products while also limiting environmental effect.
Molded pulp has a great ability to absorb shocks along with sufficient thermal resistance. Due to additional protective functions, including blocking and bracing and cushioning, molded pulp packaging is gaining extensive recognition through the various end-user industries such as automotive, food and beverages, healthcare, personal, electronics and many others.
Global Molded Pulp Packaging Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Molded Pulp Packaging Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 impact assessment of Global Molded Pulp Packaging Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data from across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
Get detailed COVID 19 Impact Analysis on GlobalMolded Pulp Packaging Market Here:https://industryresearchplace.com/industry-report/Global-Molded-Pulp-Packaging-Market-Research-Report-Covid-19-Impact-Outlook-Regional-Analysis-Competitive-Landscape-Growth-Prospects--Forecast--2027/MjUzMzU5
oBowls & Cups
The Global Molded Pulp Packaging Market is segmented based on source, product, type, end user and region. On the basis of type market is segmented into thick wall, thermoformed, processed and transfer.
Transfer molded products segment dominated the market accounting 59.28% revenue share in the year 2018. Transfer molded products are usually thin walled, and are the most prevalent type in use today. Fibrous slurries of Transfer molded are frequently made up of a high percentage or entirely of recycled newspaper, which produces a relatively smooth surface on one side and a fairly smooth surface on the opposite side with good accuracy.
Typical uses of transfer molded products are for packaging electronic equipment, cellular phones and other household and hardware items. Transfer molded products has Very high-capacity, high-speed transfer molding equipment which is used to produce drink trays, cup carriers, wine shippers, egg cartons, egg trays, pulp bedpan liners, pulp urinals, fruit trays, slipper pans, commode pans, end caps, etc.
On the basis of product market is segmented into trays, end caps, bowls & cups, clamshells, plates and others. On the basis of source market is segmented into wood pulp and non-wood pulp.
On the basis of end-user market is segmented into food packaging, food service, electronics, healthcare, industrial and others.
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The molded pulp packaging market is fragmented in nature, due to the presence of domestic and global players. The companies predominantly offer customized solutions as per customers’ requirements. Players in the molded fiber pulp packaging market are aiming their efforts en route for the development of innovative packaging solutions, such as lightweight and strong designs to strengthen their position in the competitive landscape.
Major market players working in the industry includes Sonoco, Storo Enso, UFP Technologies, Molpack Corporation, DS Smith, Thermoform Engineered Quality, LLC. (TEQ) and Huhtamaki. Further, major players are using numerous strategies, for example new product launches, mergers and acquisitions, investments and expansions to increase their footsteps in the market.
Many companies functioning in the molded pulp packaging industry have been performing mergers and acquisition strategy to expand their product portfolio as well as customer base.
For example, In November 2019, Sonoco announced the acquisition of Thermoform Engineered Quality, LLC. (TEQ). This acquisition will significantly expand the company’s current offerings in molded pulp products. Denmark’s Brødrene Hartmann A/S, a manufacturer of moulded fibre packaging for eggs and fruits, on Thursday announced the acquisition of Mohan Fibre Products Pvt. Ltd, marking its entry into India. Punjab-based Mohan Fibre sells moulded fibre packaging for egg and apple producers in India, with a focus on Himachal Pradesh, Punjab and Haryana.
Growing Adoption of Fast Food
Food services were another major industry which shall exhibit healthy demand growth over the forecast period. Swelling disposable income and changing eating habits shall fuel the molded pulp packaging market value in next few years. Increasing demand for fast food to boost the molded pulp trays, plates and cups demand over the forecast period.
Increased Egg Consumption
High egg production coupled with quickly growing food services sector in the region shall have positive impact on the molded pulp packaging market over next few years. China is the largest producer of eggs in the world. According to the Food and Agriculture Organization (FAO), egg production in the country in 2016 was 31 million tons. Poultry industry in the country has been growing over 8?GR from past several years.
Flexibility Boosting Adoption
Molded fiber pulp packaging is offered in a wide range of formats such as trays, clamshell containers, drink carriers, end caps, plates, and boxes among others which makes it a highly popular mode of packaging amongst manufacturers of consumer goods. Likewise, molded fiber pulp takes the role of a cushion in the packaging on electronics, making it ideal for storage and transportation of fragile products. Besides, the materialistic nature of molded fiber pulp enables it to take various shapes without the need for an assembly process from the production end. This reduces the time and cost involved in the development of different packaging variants.
Growing Demand in Organized Retail
Increasing spending power across the world is confirming that sales over organized retail channels, such as hypermarkets, supermarkets, and departmental stores. On these lines, the demand for molded fiber pulp packaging will prevail high in frozen and perishable food products sold in organized retail stores. Furthermore, molded fiber pulp packaging is one of the most cost-effective modes of packaging that reduces the overall transportation and storage costs, thus aiding retailers in widening their profit margins
•An overview of the Global Molded Pulp Packaging Market
•In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
•Global Molded Pulp Packaging Market revenue data historic and forecast analysis (2016 to 2026)
•Characterization and quantification of the market segments for Molded Pulp Packaging Market
•Market share analysis of key market participants and their competitive landscape
Important Questions Answered by Global Molded Pulp Packaging Market Report
•What is the impact of COVID 19 epidemic on the Global Molded Pulp Packaging Market?
•Which is mostly affected region, country?
•Which is the current largest and fastest-growing region?
•What is the market size and growth rate of the Global Molded Pulp Packaging Market?
•What are current factors affecting the growth of market?
•What are Key trends and opportunity areas?
•Within Molded Pulp Packaging Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
•What are the major strategies adopted by leading market companies?
•What are company challenges and essential success factors by market segment?
•How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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