The report on “Molded Fiber Pulp Packaging Market published by FMI Market Research , Overview By Industry Top Manufactures, Trends, Industry Growth, Size, Analysis & Industry Forecast” the report come up with 231 pages PDF with TOC including a list of figures and table.
Global demand in the molded fiber pulp packaging market is estimated to register year-on-year (YoY) growth of 4.4% in 2021, reaching a total volume of 3 Mn Tons . The global sales of molded fiber pulp packaging are expected to grow by 4.8% in 2021 surpassing US$ 7.7 Bn . The overall ten-year compound annual growth rate (CAGR) remains positive at 5.1% .
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In 2021, the U.S. market is expected to register 4.2% year on year growth after a period of sluggish sales on account of COVID-19 induced restrictions. Across North America, the total sales of molded fiber pulp packaging will reach US$ 1.3 Bn by the end of the year.
Who is Winning?
Leading players in the molded fiber pulp packaging market are largely focused on production development and capacity expansion strategies. Key players contribute approximately 20-30% of the global market.
Key Companies Profiled
UFP Technologies, Inc.
FiberCel Packaging LLC
Henry Molded Products, Inc
Spectrum Lithograph Inc.
ESCO Technologies Inc.
ProtoPak Engineering Corporation
Brodrene Hartmann A/S
OrCon Industries Corporation
Pacific Pulp Molding, LLC
Guangxi Qiaowang Pulp Packing Products Co, Ltd.
Celluloses De La Loire
Dynamic Fibre Moulding (PTY) Ltd.
Greenpacking Environmental Protection Technology Co., Ltd.
Dongguan City Luheng Papers Company Ltd.
Guangzhou NANYA Pulp Molding Equipment Co., Ltd.
How Will Canada Contribute to the Growth of the Molded Fiber Pulp Packaging Market?
North America is the third largest market for molded fiber pulp packaging, as per the report by Future Market Insights. In the latest analysis, Canada is anticipated to hold 12% of total sales in North American till the year 2031 . Several manufacturers are seeking great opportunities and are focusing on business expansion.
For instance, manufacturers of molded fiber pulp packaging such as Hartmann Canada Inc., a leading egg packaging manufacturer, invested around US$ 15.8 Mn to expand production capacity at the company’s existing factory in Missouri, USA, during 2019-2020.
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Molded Fiber Pulp Packaging Market By Product Type (Trays, Drink Carriers, Plates), Application (Primary Packaging, Secondary Packaging, Edge Protectors), End Use (Consumer Durables, Food & Beverage, Food Services) & Region - Forecast To 2021- 2031'
Why the Molded Fiber Pulp Packaging Market Report is beneficial?
The Molded Fiber Pulp Packaging Market report is compiled with thorough and dynamic research methodology.
The report offers complete picture of the competitive scenario of Molded Fiber Pulp Packaging Market.
It comprises vast amount of information about the latest technological and product developments in the industry.
The extensive range of analyses associated with the impact of these improvements on the future of industry growth.
The Molded Fiber Pulp Packaging Market report has combined the required essential historical data and analysis in the comprehensive research report.
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Key Takeaways from Molded Fiber Pulp Packaging Market
Trays are estimated to hold more than 34% of the market share by 2031, owing to wide scope of applications and superior durability.
In North America, the U.S. has emerged as a mature market owing to the presence of major food & beverage manufacturers. It will register incremental opportunity of US$ 774.1 Mn.
Transfer molded pulp products are expected to expand at a CAGR of 5.4%. This pulp type offers manufacturers a better recyclable and responsible alternative to plastic.
China leads Asia Pacific excluding Japan and is expected to reach a valuation of US$ 2.2 Bn in 2031.
The U.K. will dominate Europe, surpassing Germany to reach 21% of the value share by 2031. Growth in the U.K. will be supported by investments in research, and positive prospects for imports.
“The global molded fiber pulp packaging market is driven by surge in demand for sustainable packaging solutions with protective packaging characteristics. These solutions also are considered ideal for logistics and transport,” says an FMI analyst.
Stringent Regulations Will Support Molded Fiber Pulp Packaging Sales
As concerns regarding packaging waste continue to soar, regulatory bodies have implemented stringent measures to curb the use of single-use plastic. This has proven to be a boon for the molded fiber packaging industry.
Manufacturers are discouraging the use of foam (EPS) in a variety of food and food service packaging services. Nearly a dozen U.S. cities including Washington DC, Seattle, and New York, have banned or taxed the use of polystyrene single-use products.
Thus, the molded pulp packaging industry is projected to have robust growth in these markets as regulatory bodies continue to discourage single-use plastics.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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