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Molded Pulp Packaging Market Size

Report ID: GMI4645
Published Date: Apr 2023
Report Format: PDF

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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.

Molded Pulp Packaging Market

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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.

Molded Pulp Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2022
Molded Pulp Packaging Market Size in 2022:	USD 3.4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8.2%
2032 Value Projection:	USD 7.3 Billion
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	523
Segments covered:	Product, Type, Industry
Growth Drivers:	Increasing agricultural output Rapidly growing poultry industry Strong product demand from the food & beverages industry
Pitfalls & Challenges:	Threat from alternative

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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.

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Global Market size for Molded Pulp Packaging garnered revenues of over USD 3 billion in 2022 and is projected to depict more than 8% CAGR from 2023 to 2032 owing to a noticeable rise in agricultural yields and rapid technological advancements across the agricultural sector.

The trays segment is likely to value USD 5.5 billion by 2032 driven by the increasing integration of molded pulp trays across the pharmaceutical and F&B sectors.

The rotary molding pulp segment is predicted to exhibit over 8% CAGR between 2023 and 2032 due to a significant rise in poultry farming practices and a significant rise in the consumption of eggs and associated food items.

Asia Pacific market for molded pulp packaging is expected to witness over 8.5% growth rate from 2023 to 2032 due to consistent population growth and a strong economic outlook.