The Infinium Global Research analyzes the Molded Pulp Packaging Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global molded pulp packaging market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of molded pulp packaging. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the molded pulp packaging market during the period. The global molded pulp packaging market is projected to grow at a CAGR of 5.3% over the forecast period of 2019-2025.
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Growing Demand for Environment-Friendly & Biodegradable Packaging Drives the Growth of the Global Molded Pulp Packaging Market
The growing demand for environment-friendly & biodegradable packaging drives the growth of the global molded pulp packaging market. Molded pulp packaging has a wide range of application various end-user industries includes food and beverages, automotive, cosmetics, consumer’s electronics and many other. Furthermore, growing population, rising disposable income along with increasing environmental awareness are some factors contributing to the growth of molded pulp packaging market. However, the fluctuation is raw material prices is expected to restrain the market growth. Going further, the increasing demand for sustainable packaging and investment in R&D activities offers growth opportunities for the global molded pulp packaging market.
Segments Make up the Molded Pulp Packaging Industry
The report on global molded pulp packaging market has been broadly classified into the source type, molded type, product, and end-users. Based on source type, the market is further bifurcated into Wood and Non-wood. The molded type is further sub-segmented into thick wall, thermoformed, transfer and processed. By product, the global molded pulp packaging market is divided into bowls, plates, cups, trays, and clamshells. On the basis of End-User, the market is divided into food and beverages, automotive personal care, electronic and other end-user. Among the application segment, the food and beverages dominate the molded pulp packaging market. Introduction of environmental-friendly packaging to avoid the contamination of food products is one of the important factors escalating to the growth of this market segment.
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Asia Pacific Region is Dominating the Market Over the Forecast Period
The global molded pulp packaging market is segmented into North America, Europe, Asia Pacific, and RoW. The Asia Pacific region is dominating the market over the forecast period. The factor such as growing population, increasing disposable income, and growth in end-use industries trigger the market growth in Asia Pacific region. North America is accounted to hold maximum share in the molded pulp packaging market. The countries such as U.S. and Mexico is contributing to the growth of the North America region. The growth of this region is attributed owing to the growing consumption of packaged foods, ready meals, and junk food. The Middle East and Africa is expected to experience substantial growth rate in this molded pulp packaging market.
Key Players in the Molded Pulp Packaging Market
The global molded pulp packaging market is moderately fragmented. The global molded pulp packaging market comprises with the players Henry Molded Products, Inc., Sabert Corporation, Fabri-Kal, Pro-pac Packaging, Genpak, UFP Technologies, Inc, Huhtamäki Oyj, Brødrene Hartmann A/S , and Other Companies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Molded Pulp Packaging.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.