Press release
Molded Pulp Packaging Market – Brødrene Hartmann A/S; Huhtamaki; UFP Technologies, Inc.; Thermoform Engineered Quality LLC; Eco-Products, Inc.; Pro-Pac Packaging Group Pty Ltd; AmerCareRoyal; Fabri-Kal; Henry Molded Products Inc.; EnviroPAK; Pacific Pu
Molded Pulp Packaging Market trends
Global Molded Pulp Packaging Market is expected to rise to an estimated value of USD 4.83 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing growth in the consumption of sustainable packaging solutions/methods from various end-use industries.
Market Definition: Global Molded Pulp Packaging Market
Molded pulp packaging is the collection of packaging products/solutions made from recycled paperboard or paper material. These products are generally utilized in the packaging of food products or by the food & beverage industry for servicing. These products consist of different variations ranging from cups, trays, plates, bowls and even wholesale product containers.
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Market Drivers:
Increasing rate of adoption for eco-friendly & sustainable packaging products from consumers is expected to foster growth in the market
Environmental benefits of these products is expected to augment growth of the market
Rise in the levels of disposable income of individuals resulting in higher consumption of packaged food and preference for consuming food-based services can also augment the growth of this market
Varied innovations and advancements of technology focus of manufacturers is also expected to have a positive effect on the market growth
Segmentation: Global Molded Pulp Packaging Market
By Molded Type
Thick Wall
Transfer
Thermoformed
Processed
By Source
Wood Pulp
Non-Wood Pulp
By Product Type
Trays
Cups
Clamshells
Plates
Bowls
Others
By End Use
Foodservice Disposables
Food Packaging
Healthcare
Electronics
Others
By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
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Key Developments in the Market:
In December 2018, Cascades inc. announced that they had acquired the assets associated with the production moulded pulp packaging solutions in the United States region for USD 37.4 million. This acquisition will help in significant improvements of Cascades inc.’s production capacity for sustainable packaging products. The facilities acquired under this transaction are situated in Indiana and Iowa in United States belonging to Urban Forest Products and Clarion Packaging respectively
In August 2018, Sealed Air announced that they had acquired AFP, Inc., which will be integrated with Sealed Air’s “Product Care” business division. The combined technologies of the companies will provide significant growth opportunities for the company while providing unique levels of product offerings to their customers with the utmost production efficiency and wide range of solutions
Competitive Analysis:
Global molded pulp packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of molded pulp packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Market Competitors:
Few of the major competitors currently working in the global molded pulp packaging market are Brødrene Hartmann A/S; Huhtamaki; UFP Technologies, Inc.; Thermoform Engineered Quality LLC; Eco-Products, Inc.; Pro-Pac Packaging Group Pty Ltd; AmerCareRoyal; Fabri-Kal; Henry Molded Products Inc.; EnviroPAK; Pacific Pulp Molding, Inc.; Cascades inc.; Sabert Corporation; ProtoPak Engineering Corporation; CELLULOSES DE LA LOIRE; Atlantic Pulp; Sealed Air; TRIDAS; KEIDING INC.; Unified Packaging Solutions Pvt. Ltd.; FiberCel; Sustainable Packaging Industries; Berkley among others.
Keeping into consideration the customer requirement, this Molded Pulp Packaging market research report has been constructed with the professional and comprehensive study. This excellent market report evaluates the existing state of the market, market size and market share, revenue generated from the product sale, and essential changes required in the future products. It eases the process of acquiring valuable market insights with the new skills, latest tools and innovative programs which is sure to aid in achieving business goals. This Molded Pulp Packaging market research report also contains a comprehensive study of the product specifications, revenue, cost, price, gross capacity and production.
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