Molded Pulp Packaging Market Analysis

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.