Molded Fiber Pulp Packaging Market | UFP Technologies, Inc., ESCO Technologies Inc., Huhtamaki Oyj, Brodrene Hartmann A/S

Molded fiber is a paper-based packaging material that uses 100% recyclable materials such as newspaper, cardboard, water, and other natural fibers. It is also known as molded pulp as it is used to formed shape, it is created with round corners and complex three-dimensional shapes. For example, egg cartons is used as protective packaging. Molded fiber pulp packaging is also used for packaging of electronics, automotive parts, household goods, and medical products. Molded paper pulp easily gets decomposed in the soil.

Increasing launch of wood-fiber based packaging solution is projected to propel the market growth of molded fiber pulp packaging. For instance, in May 2019, Stora Enso introduced DuraSense by Stora Enso, a wood-fiber-based bio-composite for premium cosmetics, food and luxury brands that aim for effective and biodegradable packaging alternatives. DuraSense is a combination of wood fibers and polymers which could be bio-based, fossil, or recycled.

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Detailed Segmentation:

Global Molded Fiber Pulp Packaging Market, By Molded Pulp Type:
Fuming
Thick Wall
Transfer Molded
Thermoformed Fiber
Processed Pulp

Global Molded Fiber Pulp Packaging Market, By Product Type:
Tray
Clamshell & Container
Boxes
End Caps
Others (Cups, Bowls)

Global Molded Fiber Pulp Packaging Market, By End-use:
Consumer Durables & Electronics Goods (CDEG) Packaging
Tube Light & Bulbs
Mobile Phones
Others (DVD's, Modems, TV)

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Rising demand for pulp paper packaging in the emerging market due to urbanization, increasing consumer awareness, and increasing population is projected to fuel the market growth over the forecast period. Growing application of molded pulp packaging in packaging healthcare products such as Bedpans, Urine Bottles, Kidney Dishes, Bowls, etc. is further projected to foster the market growth over the forecast period. Other applications such as pallets, film roll cradles, and nursery containers are also expected to boost market growth.

The rising number of mergers and acquisitions among key players is projected to add immense growth opportunity over the forecast period. For instance, in May 2016, Huhtamaki Group acquired Delta Print and Packaging Limited, a producer of folded carton packaging, to improve its food & drink packaging segment and enter the folding carton packaging business in Europe. Another question took place in February 2016, when ESCO Technologies Inc. acquired Plastique Group Limited as part of its subsidiary, Thermoform Engineered Quality LLC (TEQ). The latter develops highly technical thermoformed plastic and precision molded pulp fiber packaging products.

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