Molded Pulp Packaging Market - By Product (Trays, Cups, Clamshells, Plates, Splitters), By Type (Rotary Molding pulp, Fiber Thermoforming, Industrial Molding Pulp), By Industry (Eggs, Agriculture, Food & Food Service, Electronics, Appliances) & Global Forecast, 2023-2032

Molded Pulp Packaging Market Size

Molded Pulp Packaging Market size valued at USD 3 billion in  2022 and is slated to showcase over 8% CAGR from 2023 to 2032. Increasing agricultural yield will fuel the global industry forecasts.
 

The considerable rise in agricultural output globally due to the increasing technological advances and the adoption of precision farming practices may foster the demand for molded pulp packaging. Indviduals have recently grown increasingly aware of the ecological implications of huge quantities of plastic rubbish, particularly single-use plastic waste. A conscious move urging people to reduce their consumption of plastic has led to an increase in the demand for biodegradable products manufactured from leftover materials from other products.

This has resulted in a massive boom across the agricultural sector and a subsequent rise in international trade and shipping practices. According to the latest IBEF estimates, agricultural and processed food product exports in India stood at USD 5,987 million in Q1, FY 2022-23, recording a 14% YoY growth. However, the availability of cost-effective and energy-efficient packaging alternatives in the market may restrict the industry revenue streams. The integration of novel manufacturing strategies, such as rapid prototyping, will strengthen the molded pulp packaging industry.
 

Molded Pulp Packaging Market Analysis

Molded pulp packaging market from trays segment is predicted to be worth USD 5.5 billion by 2032. Molded pulp trays are one of the most commonly used pulp packaging, ideal for shipping and transporting products such as fast food drinks, fruits, vegetables, wine, and eggs. Driven by their strength and flexibility, these are widely utilized across the pharmaceutical sector for safely transporting fragile medicines and glass veils. For primary egg packaging in food sector retail distribution channels, molded pulp trays are widely utilized.

Many limitations of plastic trays are projected to lead to an increase in molded pulp trays. Foam and plastic trays are not the best materials for foodservice packaging because they tend to distort when hot food and beverages are present and also increase the risk of product contamination when temperatures are high. Owing to the property of the usage in double ovens as well as conventional and microwave ovens, molded pulp trays are a popular alternative.
 

Regarding the type, the rotary molding pulp segment is poised to witness nearly 8% CAGR up to 2032. Rotary pulp molding offers high productivity and consumes significantly less energy than its counterparts. These attributes result in increased production rates and lower manufacturing costs, propelling segment gains. The rising consumption of eggs and related food products across several economies and the subsequent growth in poultry production will create a favorable growth for the molded pulp packaging industry.
 

Molded pulp packaging market from appliance segment crossed USD 70 million in 2022. The increasing sales of consumer electronics and smart home appliances, such as mixers, refrigerators, dishwashers, coffee makers, microwaves, vacuum cleaners, etc., due to rising income levels and a robust economic landscape will contribute to the business growth. Large EPC replacement molded pulp components are widely integrated into electronics packaging applications to protect appliances from impact during transportation and shipping.
 

Asia Pacific molded pulp packaging market is expected to register gains at around 8.5% through 2032. The explosive population growth in countries such as China and India and the expanding middle-class populace, contribute to regional demand. The region is recognized for its positive agricultural and economic outlook, resulting in the increasing demand for food products.
 

Molded Pulp Packaging Market Share

Notable players in the molded pulp packaging market are:

• Molpack Corporation Ltd
• YFY Jupiter
• Pacific Pulp Molding
• Best Plus Pulp Co
• Enviropak
• Hartmann
• Smurfit Kappa
• Western Pulp Products Company
• Alta Global Inc
• CMPC
• Huhtamaki Ltd
• Stora Enso
• DS Smith 
• Sonoco Products Company.

Companies in the competitive landscape have been implementing strategic moves such as partnerships, collaborations, mergers & collaborations, etc., to expand their global presence and make the most of available growth opportunities.
 

Impact of COVID-19 pandemic

The sudden onset of the COVID-19 pandemic had an adverse impact on the global market. Several government actions, taken in response to the crisis, including stringent lockdowns, resulted in industry closures and disrupted supply chain operations across several end-use verticals. The escalating stockpiling and panic buying limited the sales of perishable foodstuffs, severely impacting market revenues. Moreover, later, the implementation of necessary growth measures and initiatives by the governments and the pandemic restrictions nearly waived off across several economies offered an anticipated boost to the industry and will continue to do so in the coming years as well.
 

This market research report on molded pulp packaging includes in-depth coverage of the industry with estimates & forecast in terms of Kilo Tons and USD Million from 2018 to 2032 for the following segments:

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By Product

• Trays
• Cups
• Clamshells
• Plates
• Splitters
• Others

By Type

• Rotary Molding
• Fiber Thermoforming/Wet Press
• Industrial Molding Pulp/Dry Press

By Industry

• Eggs
• Agriculture
• Food & Food Services
• Electronics
• Appliances
• Other Industrial
• Others

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE