Trays Application Type Segment to Record High Growth Rate in the Pulp Moulding Machines Market during the Forecast Period
According to Future Market Insights’ latest market report titled “Pulp Moulding Machines Market: Global Industry Analysis 2013 – 2018 and Opportunity Assessment 2019 – 2027,” the growing demand for moulded fiber packaging is likely to propel the growth of the pulp moulding machines market, during the forecast period. Globally, the revenue generated by the pulp moulding machines market has been estimated to be around US$3,047.6 Mn in 2019 and is expected to increase at a CAGR of 5.1% in terms of value during the forecast period.
Pulp Moulding Machines – Market Definition
Pulp moulding machines are commonly used for the manufacturing of trays, containers, plates, cups & bowls, and other products. Such products are highly sustainable and can be manufactured using recycled paper. Pulp moulding machines can be automatic, semi-automatic, or manual, and are available in different capacities. Pulp moulding machines are either of rotary or reciprocating type.
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Pulp Moulding Machines – Market Dynamics
The fast-growing demand for pulp moulding machines is due to the increasing adoption of moulded fiber packaging solutions in various end-use industries. The increasing number of multinational quick service restaurants (QSR) across the globe is fueling the demand for foodservice disposables. Moulded fiber packaging solutions are 100% recyclable, and most of the foodservice outlets in Western European countries prefer moulded fiber pulp packaging solutions. The continuous expansion of end-use industries in the Asia Pacific excluding Japan (APEJ) region is expected to increase the demand for moulded fibre food service disposable products during the forecast period. Such factors are together foreseen to fuel the growth of the global pulp moulding machines market during the forecast period.
The availability of pulp moulding machines at a reasonable price depends upon the operating speed and automation type. Pulp moulding machines have excellent stability and superior performance which makes them a preferred option for various applications such as trays, containers, cups & bowls, plates, and others. This factor is foreseen to drive the growth of the global pulp moulding machines market during the forecast period. Pulp moulding machines have the ability to convert massive amount of waste paper to various paper products. Pulp moulding machines use recycled materials for manufacturing different products. These can also preserve resources remarkably and protect the environment. Pulp moulding machines are sustainable and offer a convenient way to solve the waste paper problem. These factors are expected to create a positive outlook for the growth of the global pulp moulding machines market.
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Irrespective of the positive outlook, the increasing number of players in the pulp moulding machines manufacturing business and the rising instability in pulp moulding machines component prices is leading to a decrease in the profitability margins. Also, the entry of new players, especially in the Asia Pacific region, increase in the manufacturing capability of existing players, and the demand for a higher margin by distributors are affecting the profitability margin. Thus, pulp moulding machines manufacturers need to establish strong relationships with customers & distributors to strategically position their pulp moulding machines in terms of the price to withstand this heavy competition.
Pulp Moulding Machines Market – Competition Dashboard
Detailed profiles of pulp moulding machines manufacturers are also included in the report to evaluate their strategies, financials, recent developments, and key product offerings. The key players operating in the global pulp moulding machines market include Huhtamaki Oyj., Pulp Moulding Dies Inc., BeSure Technology Co., DKM Machine Manufacturing Inc., Ltd, Guangzhou Nanya Pulp Molding Equipment Co., Ltd., Taiwan Pulp Moulding Co., Ltd., Beston (Henan) Machinery Co., Ltd., K.U. SODALAMUTHU AND CO. PVT. LTD., Maspack Limited, ZH Moulded Pulp Co., Ltd., HGHY Pulp Molding Pack Co., Ltd., Inmaco Solutions B.V., Xiangtan Shuanghuan Machinery Development Co., Ltd., Southern Pulp Machinery (Pty) Ltd., Longkou City Hongrun Packing Machinery Co., Ltd., and Brodrene Hartmann A/S among others.
Pulp Moulding Machines Market – Key Developments
Few of the key developments observed among the pulp moulding machines manufacturers are:
K.U. SODALAMUTHU AND CO. PVT. LTD. company awarded as a Star Performer Trophy in recognition of their outstanding contribution to engineering exports for the year 2011-2012.
Xiangtan Shuanghuan Machinery Development Co., Ltd hold the certificates such as innovative project acceptance certificate, integrated machine patent certificate, scientific & technological progress certificate, transfer mould regulator certificate and others for making advancement in pulp moulding technology.