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Pulp Molding Machines Market Size

Report ID: GMI4794
Published Date: Aug 2020
Report Format: PDF

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Pulp Molding Machines Market Size

Pulp Molding Machines Market size was USD 517.3 million in 2019 and is likely to witness gains of 3.3% CAGR between 2020 and 2026. Rapidly growing use for pulp & paper packaging in the food industry and increasing customer demand for environment-friendly and sustainable packaging solutions will have a constructive influence on the market.

Organic food items that use pulp and paper packaging materials are also expected to positively support the pulp molding machines market. Pulp molding machines are widely used across numerous end-use industries, such as food & beverage, electronics, healthcare, automotive, etc., to produce pulp packaging products.

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In addition, the increasing spending power coupled with healthier living standards is projected to limit the use of plastic packaging especially for food items, propelling the pulp molding machines market sales globally. Several emerging nations are creating regulations and guidelines to minimize the use of plastic packaging in the food & beverage sector.

Pulp Molding Machines Market Report Attributes
Report Attribute	Details
Base Year:	2019
Pulp Molding Machines Market Size in 2019:	517.3 Million (USD)
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	3.3%
2026 Value Projection:	592.2 Million (USD)
Historical Data for:	2016 to 2019
No. of Pages:	300
Tables, Charts & Figures:	284
Segments covered:	Product, Machine type, Power capacity (units/hr), End-use
Growth Drivers:	Increasing number of foodservice operators and retail chains are fueling the consumption for foodservice disposables Rising consumption of healthy and organic food items that use pulp and paper packaging materials Developing regulations to minimize the use of plastic packaging in the food & beverage industry Arrival of e-commerce companies is bolstering the consumption for molded pulp packaging items
Pitfalls & Challenges:	High product cost COVID-19 pandemic is generating multiple challenges

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Moreover, the arrival of e-commerce companies is bolstering the consumption for molded pulp packaging items, such as molded cartons, trays, end caps, containers, etc., that are expected to provide a positive effect on the pulp molding machines market by 2026.

The coronavirus pandemic is generating multiple challenges for various industries across the globe. The major consumers of pulp molding machines are food & beverage and healthcare industries that require molded pulp products such as egg trays, fruit trays, food cartons, plates, cups, etc. The demand for these items has been rising constantly, however, the supply of these products has been hit harshly.

Due to limitations in the transportation of these products, the revenue of the industries fell by around 6% in 2020, lowering the molded pulp machinery consumption globally. Additionally, huge product prices and complex functioning of molded pulp machine units may become a hindrance in the pulp molding machines market.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

These machines will gain traction across Asia Pacific owing to rising deployment of disposable packaging solutions in the region and shifting preference toward sustainable packaging. APAC market may register 3.5% CAGR through 2026.

The food & beverage segment may record 70% revenue share in 2026, driven by substantial advancements in the food industry and the advent of numerous quick service eateries worldwide.

Small-scale industries usually prefer molding machines that have a capacity of less than 1,500 units/hour, owing to their low-cost capital venture & general production capacity requirement of around 700-1500 pieces per hour. The <1,500 units/h segment may record 20% volume share in 2026.

Automatic segment may register 3.5% CAGR through 2026, driven by the fact that these units can perform definite tasks even without the necessity of an employee. They have a high rate of mold handling, an automatic dry system, and are also easier to operate.

Rotary machines will garner popularity as they can produce both, small and large molded units. They also have reasonable expenses and simple functionality, owing to which the segment recorded USD 350 million revenue in 2019.