Molded Fiber Pulp Packaging Is The Fastest Growing Segment Fueling Growth Of The Molde Fiber Pulp Packaging Market

 


The global Molded Fiber Pulp Packaging Market is estimated to be valued at US$ 9619.61 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Molded fiber pulp packaging is made from recycled paper fibers and molded into various packaging shapes through compression or vacuum forming. It provides protection as well as cushioning and is used in packaging of goods ranging from electronics to food and beverages. Molded fiber packaging offers advantages like pulp strength, insulation and cushioning, printability and recyclability.

Market key trends:
One of the key trends in the market is increasing adoption of molded fiber pulp for cold insulation packaging. Molded fiber pulp provides excellent insulation and can maintain temperatures for 24 hours or longer. It reduces spoilage and waste by keeping products colder for a longer duration during shipping and storage. Moreover, pressed pulp used in molded fiber packaging is made from mainly recycled paper waste which makes it a sustainable packaging solution. Growing concerns regarding environmental protection and shift towards eco-friendly packaging will further drive the demand.

Segment Analysis
The global molded fiber pulp packaging market is dominated by the molded fiber clamshells and containers segment. This segment accounts for over 40% of the market share as molded fiber clamshells and containers provide effective protection and handling convenience for a wide range of products. They offer advantages such as being lightweight, moisture resistant and recyclable. Moreover, molded fiber clamshells and containers provide ample surface area for graphics and product information printing.

Key Takeaways
The Global Molded Fiber Pulp Packaging Market Size is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing demand from food and beverage industry.

Regional analysis
North America dominates the global molded fiber pulp packaging market and is expected to continue its dominance over the forecast period. This is attributed to robust presence of food and beverage industry and increasing consumption of packaged foods in the region. Asia Pacific exhibits the fastest growth in the market led by expanding electronics and food processing industries in India and China.

Key players

Key players operating in the molded fiber pulp packaging are UFP Technologies, Inc., ESCO Technologies Inc., Huhtamaki Oyj, Brodrene Hartmann A/S, Henry Molded Products, Inc., ProtoPak Engineering Corporation, EnviroPAK Corporation, Pacific Pulp Molding, LLC, Keiding, Inc., FiberCel Packaging, LLC, Guangxi Qiaowang Pulp Packing Products Co, Ltd. and Guangzhou NANYA Pulp Molding Equipment Co., Ltd. UFP Technologies, Inc. specializes in custom designed molded fiber and plastic packaging solutions.

For More Insights, Read: https://www.newsstatix.com/molded-fiber-pulp-packaging-market-size-share-and-growth-forecast-2023-2030/

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