NEWARK, Del, Feb. 20, 2023 (GLOBE NEWSWIRE) -- The molded fiber pulp packaging market is predicted to be worth US$ 8.40 billion in 2023 and rise to US$ 13.58 billion by 2033. Demand is expected to increase at a CAGR of 4.9% during the projected period.
One of the main factors influencing the market is the rising demand for sustainable packaging options for foods and beverages. The need for molded fiber packaging is also being driven in large part by the usage of recycled paper and pulp. The growing packaging industry is projected to have a beneficial effect on the market expansion.
Compared to conventional packaging materials like paper and plastic, molded fiber pulp packaging has a number of benefits, including improved sustainability, durability, customizability, and cost-effectiveness. Due to these qualities, it is a desirable option for a range of goods, including food, drinks, pharmaceuticals, and cosmetics. Furthermore, ecological packaging for e-commerce goods is frequently made of molded fiber pulp.
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Molded fiber pulp packaging production is being sought after by manufacturers. As a result, cutting-edge technologies like 3D printing have been created that enable the creation of intricate shapes and patterns using molded fiber pulp.
In order to further lessen their environmental impact, manufacturers are looking at novel ways to combine compostable and biodegradable materials into their molded fiber pulp packaging.
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.
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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.
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.
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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
- Egg Packaging
- Cosmetics
- Food Services
- Healthcare
- Automotive
- Logistics
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East and Africa
- Japan
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Table of Content
1. Executive Summary | Molded Fiber Pulp Packaging Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
Read More TOC…
Explore Wide-Ranging Coverage of FMI's of Packaging Domain:
Molded Fiber Pulp Cap Market Size: The size of the global market for molded fibre pulp caps was US$ 1.16 billion in 2021, and it is anticipated that it will reach US$ 1.2 billion in 2022. By 2032, the global market for molded fiber pulp caps is expected to reach a value of US$ 1.8 Billion, growing at a 4.4% CAGR between 2022 and 2032.
Molded Fiber Pulp Edge Protectors Market Analysis: Global sales of molded fibre pulp edge protectors are anticipated to reach US$ 1.4 billion in 2022 and to grow at a CAGR of 5.9% to US$ 2.5 billion by 2032.
Pharmaceutical Cold Chain Packaging Market Growth: By 2033, the market for pharmaceutical cold chain packaging will have grown at a CAGR of 14.8% and will be worth US$60,100.9 million. The United States is likely to continue to dominate the North American pharmaceutical cold chain packaging market as demand grows at a strong CAGR of 12.3%.
Packaging Testing Market Share: In 2023, the market for packaging testing is anticipated to reach $15,740.7 million. Between 2023 and 2033, the market's total value might see a notable CAGR of 10.9%. The market is anticipated to generate $44,441.2 million in revenue by 2033.
Flexible Containers Market Demand: The market for flexible containers is projected to reach a market valuation of US$ 11.5 billion by 2033, growing at a 6.5% CAGR from 2023 to 2033. The market is estimated to reach a market value of US$ 6.1 billion in 2023.
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