Molded Pulp Packaging Market by Molded Type (Thickwall, Transfer Molded, Thermoformed Fiber and Processed Pulp), Product Type (Trays, Clamshells, Cups, Plates, Bowls), End-Use, Source (Wood Pulp and Non Wood Pulp), and Region - Global Forecast to 2027
The global molded pulp packaging market size was valued at USD 4.6 billion in 2022 and is projected to reach USD 5.7 billion by 2027, growing at a cagr 4.3% from 2022 to 2027. The market is growing due to the end-use industries such as food & beverages, food service, healthcare, electronics and others. Hence, the rapid growth of these industries is expected to contribute to the development of the molded fiber pulp packaging market.
Attractive Opportunities in Molded Fiber Pulp Packaging Market
Note:e-estimated,p-projected.
Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis
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Molded fiber pulp packaging Market Dynamics
Driver: Sustainability of molded fiber pulp
Molded fiber pulp is made completely from scrap or recycled material. The molded fiber pulp is recycled and remade with normal papers. This drives the market for molded fiber pulp in the packaging industry. Continuous research and innovation in production are expected to fuel the demand for molded fiber pulp packaging which is used as protective packaging during storage and transportation and also to overcome concerns about sustainability.
Restraint: Stringent rules and regulations
Growing concerns related to the environmental impact of packaging waste have led governments in adopting stringent policies. Various concerns related to greenhouse gas emissions from manufacturing plants are also creating several hindrances in the manufacture of high-quality raw materials. Standard tests are also performed to validate the packaging system’s ability to adhere to the regulations mandated by the International Safe Transit Association (ISTA) standards which focus upon specific concerns of transportation packaging such as shock, vibration, and compression.
Opportunity: Emerging economies such as Brazil, India, and China provide significant opportunities for the logistics of molded fiber pulp packaging that offer protection to products. These countries also have extensive availability of raw materials for the molded fiber pulp packaging market. Strong economic development in China and India has provided a stimulus for manufacturing sectors including food & beverages, electronics & appliances, and healthcare. This market is driven by the growing usage of packaging across a range of electronics, particularly in smartphones, laptops, and other gadgets.
Challenge: Fluctuation in prices of raw material
The molded fiber pulp packaging market is facing challenges in the form of fluctuations in the prices of raw materials. The packaging industry is trying to cope with these challenges by undertaking innovative research & development activities. The increasing prices of raw materials such as wood and non-wood pulp and paper adversely affect operations in the molded fiber pulp packaging industry. In addition to the key raw materials, the prices of other raw materials such as water and fuel are also increasing due to weather conditions, market fluctuations, exchange rates, currency control, and government control.
Molded Fiber Pulp Packaging Market: Ecosystem
Thick wall segment is projected to grow at a highest CAGR from 2022 to 2027, in terms of volume
Thick wall molded pulp packaging has a thickness of 3/16 to 3/18 inches. It is manufactured with a single mold and is primarily used for support packaging for non-fragile and heavier items such as vehicle parts, furniture, and motors. Manufacturers are also using it to make plants, floral, and nursery pots and containers. This type of molded pulp packaging has a moderately smooth finished surface, while the other side is coarse. Thick wall molded pulp packages are mainly used for packaging non-fragile and heavy items.
Wood pulp segment is projected to dominate from 2022 to 2027, in terms of volume
Wood pulp can be soft wood or hardwood pulp. Molded pulp items are generally produced by mixing water with wood pulp made either from virgin fibers or recovered paper and paperboard; for instance, old newspapers, with a consistency commonly of 4% to 1% by weight. The pulp recipe depends mainly upon the surface quality and stiffness properties required to manufacture the product and its application. Soft wood pulp offers excellent strength to the product, whereas hard wood pulp enhances the sustainability of the packaging.
Trays segment to lead market from 2022 to 2027, in terms of volume
Trays are widely used in the food packaging industry to pack meat, fish, frozen food, fruits & vegetables, bakery items, and confectionery products as well as for food service packaging. They also have applications in the medical and pharmaceutical industries for packaging medicines, surgical instruments, and medical devices.
Healthcare segment projected to grow at highest cagr from 2022 to 2027, in terms of volume
Molded fiber pulp packaging is an effective packaging for the temperature sensitive and fragile products in healthcare industry. Healthcare products, such as pharmaceutical, nutraceutical, and life science products, are required to be protected from external conditions such as light and moisture as well as contamination and physical damage, as these can alter the quality of products. Trays are the widely used molded pulp packaging products in the healthcare sector.
Molded fiber pulp packaging market in india projected to grow at highest CAGR
The packaging industry in India is driven by new product launches by local packaging players, growth of the food packaging industry in the country, and the growth of the middle-class population. However, consumers in this country are still costconscious and are always on the lookout for cost-effective alternatives, which could prove to be a barrier to the growth of the molded fiber pulp packaging market.
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Key Market Players
Huhtamaki Oyj (Finland), Sonoco Products Co. (US), Fabri-Kal (US), Genpak LLC (US), UFP Technologies (US), Sabert Corporation (US), Brodrene Hartmann A/S (Denmark), and Pro-Pac Packaging (Australia) among others are some of the major players operating in the global market.
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Get online access to the report on the World's First Market Intelligence Cloud
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- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
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Report Metric |
Details |
|
Years Considered |
2020–2027 |
|
Base year |
2021 |
|
Forecast period |
2022–2027 |
|
Unit considered |
Value (USD Million/USD Billion), and Volume (Thousand Ton) |
|
Segments |
Molded Type, Product Type, Source, End Use, and Region |
|
Regions |
North America, Europe, South America, APAC, Middle East, and Africa. |
|
Companies |
The major players Huhtamaki Oyj (Finland), Bordrene Hartmann A/S (Denmark), Genpack LLC(US), UFP Technologies (US), Sonoco Products Co. (US), Sabert Corporation(US), Fabri-Kal(US), Pro-Pac Packaging(Australia), James Cropper 3D products Ltd., PrimWare-by Prim Link Solutions (US) and others are covered in the molded fiber pulp packaging market. |
This research report categorizes the global molded fiber pulp packaging market on the basis of Molded Type, Source, Product Type, End Use, and Region
Molded fiber pulp packaging market, By Molded Type
- Thick Wall
- Transfer Molded
- Thermoformed Fiber
- Processed Pulp
Molded fiber pulp packaging market, By Source
- Wood pulp
- Non wood pulp
Molded fiber pulp packaging market, By Product
- Food
- Trays
- Clamshells
- Cups
- Plates
- Bowls
- Others
Molded fiber pulp packaging market, By End Use
- Food Service Disposables
- Food Packaging
- Healthcare
- Electronics
- Others
Molded fiber pulp packaging market, By Region
- North America
- Europe
- Asia Pacific (APAC)
- South America
- Middle East
- Africa
The market has been further analyzed for the key countries in each of these regions.
Recent Developments
- In 2022 Huhtamaki Oyj invested in the sustainable packaging fund run by Emerald Technology Ventures AG, which focuses on cutting-edge sustainable packaging technologies.
- In 2022, Sonoco Products Company stated that it acquired the remaining one-third stake from private investors in the joint venture, Sonoco do Brasil Participacoes, Ltda, which produces flexible packaging in Brazil.
- In 2021, UFP Technologies Inc. acquired Das Medical Inc. This acquisition is expected to be able to accelerate the development of UFP technologies in the future with the help of UFP’s sales engine, development engineers, and the expanding technological portfolio of Das medical Inc.
Frequently Asked Questions (FAQ):
Does this report covers the new applications of molded fiber pulp packaging?
Yes the report covers the new applications of molded fiber pulp packaging.
Does this report cover the volume tables in addition to value tables?
Yes the report covers the market both in terms of volume as well as value
What is the current competitive landscape in the molded fiber pulp packaging market in terms of new applications, production, and sales?
The market has various large, medium, and small-scale players operating across the globe. Many players are constantly innovating and developing new products and expanding to developing countries where the demand is constantly growing; thereby boosting sales.
Which all countries are considered in the report?
China, Japan, and India are major countries considered in the report. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
This research involved the use of extensive secondary sources and databases, such as Factiva and Bloomberg, to identify and collect information useful for a technical and market-oriented study of the molded fiber pulp packing market. Primary sources included industry experts from related industries and preferred suppliers, manufacturers, distributors, technologists, standards & certification organizations, and organizations related to all segments of the value chain of this industry. In-depth interviews have been conducted with various primary respondents, such as key industry participants, subject matter experts (SMEs), executives of key companies, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects.
Secondary Research
In the secondary research process, various sources such as annual reports, press releases, and investor presentations of companies; white papers; and publications from recognized websites and databases have been referred to for identifying and collecting information. Secondary research has been used to obtain key information about the industry's supply chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market-and technology-oriented perspectives.
Primary Research
The molded fiber pulp packaging market comprises several stakeholders in the supply chain, which include suppliers, processors, and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the molded fiber pulp packaging market. Primary sources from the supply side include associations and institutions involved in the molded fiber packaging industry, key opinion leaders, and processing players.
Following is the breakdown of primary respondents—
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the global molded fiber pulp packaging market. The research methodology used to estimate the market size includes the following:
- The key players in the industry were identified through extensive secondary research.
- The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
- All percentage share split, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.
Market Size Estimation: Bottom-Up Approach and Top-Down Approach
Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market was split into several segments and subsegments. To complete the overall market size estimation process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size has been validated by using both the top-down and bottom-up approaches.
Report Objectives
- To define, describe, and forecast the global molded fiber pulp packaging market in terms of value
- To provide insights regarding the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze and forecast the market based on molded type, product type, source, end-use, and region.
- To forecast the market size, in terms of value, with respect to six main regions: North America, Europe, South America, APAC, Middle East, and Africa.
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape
- To strategically profile key players in the market
- To analyze competitive developments in the market, such as new product launches, capacity expansions, and mergers & acquisitions
- To strategically profile the leading players and comprehensively analyze their key developments in the market
Available Customizations:
Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:
Product Analysis:
- Product Matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis:
- Further breakdown of the Rest of the APAC Molded fiber pulp packaging market
- Further breakdown of the Rest of Europe’s Molded fiber pulp packaging market
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Molded Pulp Packaging Market