Molded Pulp Packaging Market Size by Product (Trays, Cups, Clamshells, Plates, Splitters), Type (Rotary Molding Pulp, Fiber Thermoforming/Wet Press, Industrial Molding Pulp/Dry Press), and Industry (Eggs, Agriculture, Food & Food Service, Electronics, Appliances, Other Industrial), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

Industry Overview

Molded Pulp Packaging Market size amassed more than USD 3 billion in  2022 and is anticipated to showcase over 8% CAGR from 2023 to 2032. The considerable rise in agricultural output globally owing to the increasing technological advances and the adoption of precision farming practices may bolster the demand for molded pulp packaging over the forthcoming years. The consistent growth in the world population and the rising concerns pertaining to climate change and food security have significantly boosted the demand for food.
 

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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. For instance, 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 market statistics through 2032.
 

Rapid expansion of the pharmaceutical sector to bolster the demand for molded pulp trays

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With respect to the product landscape, 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. The positive outlook of the global e-commerce sector and the rapid proliferation of online pharmacies and food delivery services will boost segment trends through 2032.
 

Increasing poultry farming practices to boost the adoption of rotary pup molding

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Regarding the type, the rotary molding pulp segment is poised to witness over 8% CAGR between 2023 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 throughout the forecast period. The rising consumption of eggs and related food products across several economies and the subsequent growth in poultry production will create a favorable growth outlook for the molded pulp packaging market statistics.
 

Flourishing economic outlook to support the expansion of the appliance segment

In terms of industry, the appliance segment size was worth over 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.
 

Proliferating demand for food to drive product demand across the Asia Pacific

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Asia Pacific molded pulp packaging market is anticipated to expand at over 8.5% growth rate through 2032. The explosive population growth in countries such as China and India and the expanding middle-class populace in the region will drive the regional industry statistics. The region is recognized for its positive agricultural and economic outlook, resulting in the increasing demand for food products.
 

Acquisitions to stimulate the competitive landscape

Notable players in the molded pulp packaging market are Molpack Corporation Ltd., YFY Jupiter, Pacific Pulp Molding, Best Plus Pulp Co. Enviropak, Hartmann, Smurfit Kappa, Western Pulp Products Company,  Alta Global, Inc.,  CMPC, Huhtamaki, Ltd., Stora Enso, DS Smith, and Sonoco Products Company.
 

Companies in the competitive landscape have been implementing strategic moves such as partnerships, collaborations, mergers & collaborations, etc., to expand their global presence and make the most of available growth opportunities.
 

Impact of COVID-19 on the molded pulp packaging market outlook

The sudden onset of the COVID-19 pandemic had an adverse impact on the worldwide molded pulp packaging market. Several government actions, taken in response to the crisis, including stringent lockdowns, resulted in industry closures and disrupted supply chain operations across several end-use verticals. The escalating stockpiling and panic buying limited the sales of perishable foodstuffs, severely impacting market revenues. However, later, the implementation of necessary growth measures and initiatives by the governments and the pandemic restrictions nearly waived off across several economies offered an anticipated boost to the industry and will continue to do so in the coming years as well.
 

The molded pulp packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of Kilo Tons and USD Million from 2018 to 2032 for the following segments

By Product

• Trays
• Cups
• Clamshells
• Plates
• Splitters
• Others

By Type

• Rotary Molding
• Fiber Thermoforming/Wet Press
• Industrial Molding Pulp/Dry Press

By Industry

• Eggs
• Agriculture
• Food & Food Services
• Electronics
• Appliances
• Other Industrial
• Others

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE