Molded Pulp Packaging Market Size

Global Molded Pulp Packaging Market Overview

Molded Pulp Packaging Market Size was valued at USD 4.7 Billion in 2022. The Molded Pulp Packaging industry is projected to grow from USD 4.9 Billion in 2023 to USD 7.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.50% during the forecast period (2023 - 2032). The rising demand for environmentally safe and sustainable packaging solutions as well as rising demand from application industries like electronics, healthcare, and food service, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Molded Pulp Packaging Market Trends

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  Rapidly growing demand for convenient and sustainable packaging alternatives is driving the market growth

  
  

Some of the main factors driving the market under study include the quickly expanding demand for practical and environmentally friendly packaging substitutes, ongoing development of molded fibre products that are more competitive than plastic alternatives, and rising demand from the electronics, food packaging, and healthcare industries. Since they offer protection and prevent environmental harm, sustainable packaging goods are being used as a protective layer for transporting as end-user sectors like consumer electronics see strong demand. Molded pulp packaging provides significant cost savings that can support business sustainability objectives. Utilising affordable and dependable raw materials helps to keep the price of molded pulp packaging low. The price varies in accordance with fluctuations in oil prices because the majority of plastic and foam packaging is made from petroleum. Molded pulp packaging is widely accessible and reasonably priced because it is made from natural fibres and post-consumer paper products.

Utilising affordable and dependable raw materials helps to keep the price of molded pulp packaging low. The price varies in accordance with fluctuations in oil prices because the majority of plastic and foam packaging is made from petroleum. Molded pulp packaging is widely accessible and reasonably priced because it is made from natural fibres and post-consumer paper products.

The foodservice and packaging sectors jointly controlled the North American market. The enormous demand for packaged food and meals that can be consumed on-the-go can be linked to this dominance. Over USD 1.69 trillion worth of food was delivered by the North American food marketing system in 2020, comprising food service and food commerce. Commercial food service businesses have become a significant sector of the industry, accounting for about USD 813.4 billion of the market for food marketing systems. Restaurants, caterers, cafeterias, fast-food outlets, and other institutions that produce, sell, and serve food are included in the commercial food service category. As a result of these institutions' need for new packaging options with a small carbon impact, the molded pulp packaging market is anticipated to expand significantly over the next few years. Thus, driving the Molded Pulp Packaging market revenue.

Molded Pulp Packaging Market Segment Insights

Molded Pulp Packaging Molded Type Insights

The Molded Pulp Packaging Market segmentation, based on molded type, includes thick wall, transfer molded, thermoformed fiber, and processed pulp. Transfer molded segment dominated the global market in 2022. Due to the material's hygroscopic characteristic and air permeability, transfer molded pulp finds extensive use in the food packaging business. This extends the shelf life of beverages and food goods that will be transported further. Additionally, molded pulp packaging shields goods from shocks that may otherwise shatter or harm them, notably foods like fruits, vegetables, eggs, and alcoholic and non-alcoholic beverages. Thermoformed molded pulp offers eco-friendly packaging solutions with its sustainable, biodegradable material

Molded Pulp Packaging Source Insights

The Molded Pulp Packaging Market segmentation, based on Source, includes wood pulp and non wood pulp. Wood pulp segment dominated the global market in 2022. This is due to their wide availability, affordability, and adaptability to have different depths, sizes, and forms to fit diverse food items, which also makes them a well-liked option for package producers. Wood pulp molded packaging is used widely across a range of industries. In the food and beverage business, for instance, it is frequently employed because it provides great protection for food products throughout shipping and storage.

Molded Pulp Packaging Product Insights

The Molded Pulp Packaging Market segmentation, based on Product, includes food, trays, clamshells, cups, plates, bowls, and others. Trays segment dominated the Molded Pulp Packaging Market in 2022. This is due to the fact that these trays are widely used in the food packaging and food service industries. These trays, which are made of molded pulp, are frequently used to package eggs in retail distribution systems because they shield the product from breaking and keep it secure.

Molded Pulp Packaging End Use Insights

The Molded Pulp Packaging Market segmentation, based on End Use, includes food service disposables, food packaging, healthcare, electronics, and others. Food packaging segment dominated the Molded Pulp Packaging Market in 2022. Fruits, vegetables, and eggs are typically packaged using molded pulp. Due to their inexpensive cost and cushioning capabilities, clamshells and trays are regarded as the most common packaging options for eggs. Additionally, clamshells and molded pulp trays improve the shelf life of the eggs while maintaining their freshness thanks to the airflow offered by this packaging.

Figure 1: Molded Pulp Packaging Market, by End Use, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Molded Pulp Packaging Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Molded Pulp Packaging market dominated this market in 2022 (45.80%). This is ascribed to the substantial food and beverage business, which is followed by the electronics market, due to the vast consumer population and rising disposable income in the nation. The nation is also home to a number of electronic businesses, like Huawei Technologies Co., Ltd., Lenovo, Xiaomi, and others, which increases the demand for molded pulp packing to store and transport fragile electronic goods. Moreover, China’s Molded Pulp Packaging market held the largest market share, and the Indian Molded Pulp Packaging market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: MOLDED PULP PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Molded Pulp Packaging Market is expected to register significant growth from 2023 to 2032. There are numerous food service businesses in the area, including fast food chains, eateries, catering services, and others. As customers become more conscious of sustainable packaging and prefer it to single-use plastic packaging, the trend of on-the-go food or snack consumption gives rise to molded pulp packaging such as trays, bowls, and cups. Further, the U.S. Molded Pulp Packaging market held the largest market share, and the Canada Molded Pulp Packaging market was the fastest growing market in the North America region.

Europe Molded Pulp Packaging market accounted for the healthy market share in 2022. Over the past few years, the region has seen significant growth in the disposable foodservice sector, which requires virgin pulp for the production of packaging products like trays, cups, and clamshells that are in close contact with food items. Further, the German Molded Pulp Packaging market held the largest market share, and the U.K Molded Pulp Packaging market was the fastest growing market in the European region

Molded Pulp Packaging Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Molded Pulp Packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Molded Pulp Packaging industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Molded Pulp Packaging industry to benefit clients and increase the market sector. In recent years, the Molded Pulp Packaging industry has offered some of the most significant advantages to medicine. Major players in the Molded Pulp Packaging market, including Brodrene Hartmann A/S, Huhtamako Oyj, CKF Inc., Thermoform Engineered Quality LLC, Genpak, LLC, Eco-Products, Inc, Pro-Pac Packaging Limited, Fabri-Kal, Hentry Molded Products, Inc, and Sabert Corporation, are attempting to increase market demand by investing in research and development operations.

The company Huhtamaki Oyj (Huhtamaki) offers packaging solutions. The business creates packaging made of paper, plastic, film, and molded fibres. It offers cans, bowls, lids, laminates, films, premade bags, egg trays, vegetable trays, boxes, and cartons in addition to cups, containers, barrier sheets, cans, and lids. For a variety of industries including food and beverage, fast-moving consumer goods (non-food), foodservice operators, fresh food packers, and retailers, the company offers standardised products, customised designs, and packaging systems and solutions. In numerous nations in the Americas, Asia-Pacific, the Middle East, and Europe, it oversees and runs production plants and sales offices. Espoo, Finland is home to the headquarters of Huhtamaki. Huhtamako Oyj announced in February 2023 that it has acquired an Australian joint venture for foodservice distribution.

Sabert Holding Corp. creates items for food packaging. The company sells platters, bowls, cutlery, trays, and containers. Sabert provides services to bakeries, clubs, national food chains, grocers, restaurants, caterers, and restaurants. Sabert offers packaging solutions as well. In order to better serve its growing customer base in the Midwest US and western Canada, Sabert Corporation erected a 389,400 square foot distribution facility in the greater Chicago area in April 2022.

Key Companies in the Molded Pulp Packaging market include

• Brodrene Hartmann A/S


• Huhtamako Oyj


• CKF Inc.


• Thermoform Engineered Quality LLC


• Genpak, LLC


• Eco-Products, Inc


• Pro-Pac Packaging Limited


• Fabri-Kal


• Hentry Molded Products, Inc


• Sabert Corporation

Molded Pulp Packaging Industry Developments

In May 2022,  To encourage a circular economy, Mars, SABIC, and Huhtamaki added recycled content to pet food packaging.

Molded Pulp Packaging Market Segmentation

Molded Pulp Packaging Molded Type Outlook

• Thick Wall


• Transfer Molded


• Thermoformed Fiber


• Processed Pulp

Molded Pulp Packaging Source Outlook

• Wood Pulp


• Non Wood Pulp

Molded Pulp Packaging Product Outlook

• Food


• Trays


• Clamshells


• Cups


• Plates


• Bowls


• Others

Molded Pulp Packaging End Use Outlook

• Food Service Disposables


• Food Packaging


• Healthcare


• Electronics


• Others

Molded Pulp Packaging Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America