Press release
At a CAGR of 5.8%, Molded Fiber Pulp Packaging Market Growth 2027 | Dynamic Fibre Moulding (PTY) Ltd., EnviroPAK Corporation, ESCO Technologies Inc.
Global Molded Fiber Pulp Packaging Market Growth Driven by Increasing Investment in Sustainable PackagingGlobal Molded Fiber Pulp Packaging Market, By Molded Pulp Type (Fuming, Thick Wall, Transfer Molded, Thermoformed Fiber, Processed Pulp), By Product Type (Tray, Clamshell & Container, Boxes, End Caps, Others (Cups, Bowls)), By End-use (Consumer Durables & Electronics Goods (CDEG) Packaging (Tube Light & Bulbs, Mobile Phones, Others (DVD's, Modems, TV)), Food & Beverage (F&B) Packaging (Egg Packaging, Wine Packaging, Fruit Packaging, Others (Vegetables, Frozen food)), Cosmetic & Beauty (CBP) products Packaging, Healthcare product Packaging, Automotive parts Packaging, Transportation & Logistics, Others (candles, flower packaging)), and By Region (North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific (excl. Japan), Middle East & Africa) is estimated to be valued at US$ 11934.6 million in 2021 and is expected to exhibit a CAGR of 5.8% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
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Market Overview:
Molded pulp or molded fiber is a packaging material made from recycled paperboard and/or newsprint. The packaging is produced with reusable, renewable, or biodegradable materials such as newspaper and cardboard or natural fibers such as wood pulp, bamboo, bagasse, and wheat straw.
Competitive Landscape:
Major players operating in the global molded fiber pulp packaging market include, Brodrene Hartmann A/S, Dynamic Fibre Moulding (PTY) Ltd., EnviroPAK Corporation, ESCO Technologies Inc., FiberCel Packaging, LLC, Guangxi Qiaowang Pulp Packing Products Co, Ltd., Guangzhou NANYA Pulp Molding Equipment Co., Ltd., Huhtamaki Oyj, Henry Molded Products, Inc., Keiding, Inc., ProtoPak Engineering Corporation, Pacific Pulp Molding, LLC, Pactiv LLC (Reynolds Group Holdings Ltd.), Spectrum Lithograph, Inc., and UFP Technologies, Inc.
Key Market Drivers:
Increasing investment in sustainable packaging is expected to propel growth of the global molded fiber pulp packaging market over the forecast period. For instance, in May 2021, Huhtamaki, a manufacturer of sustainable packaging solutions, announced to setup a new manufacturing unit in KwaZulu-Natal in South Africa to serve its existing and new egg packaging customers in the KwaZulu-Natal area with a broad range of locally produced packaging solutions.
Moreover, increasing adoption of robotic cells in manufacturing is also expected to aid in growth of the market. For instance, in November 2021, Switzerland-based ABB Robotics partnered with Zume, California-based packaging maker, to supply robotic cells designed to boost Zume’s production of compostable packaging.
Covid-19 Impact Analysis
The Covid-19 pandemic has led to increase in demand for sanitary paper products, owing to increased awareness of germ spread and heightened sanitation practices. Moreover, increasing demand for online shopping has also led to boost in demand for cardboard boxes.
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Key Takeaways
Major players operating in the global molded fiber pulp packaging market are focused on adopting partnership strategies to enhance their market share. For instance, in May 2021, Stora Enso Oyj, a Finland-based papermaker, partnered with United Kingdom-based molded pulp packaging technology company Pulpex to industrialize the production of eco-friendly paper bottles and containers made from wood fiber pulp.
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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