Key Market Insights
“Rising demand for recyclable materials packaging solutions worldwide will boost market growth”
The global molded pulp packaging market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2023 to 2030, starting from US$ 3.74 Bn in 2021.
The molded pump market is majorly driven by a shift in consumer preference towards eco-friendly & recyclable materials along with growing disposable income globally. Increasing demand for sustainable and reusable packaging from numerous end-users (such as healthcare, electronics, food packaging, and others) is expected to drive the market over the forecast period. Growing investments in research & development activities accompanied by the rising demand for molded pulp packaging from emerging nations is anticipated to drive the market during the forecast period. The sustainability of molded pulp packaging is another factor projected to support the market growth in years to come. Ban on single-use plastic and other plastic packaging solutions across the world is expected to further enhance the market throughout the forecast period. A surge in the use of molded pulp packaging for fresh fruits owing to its features (such as oil & water-resistant and odorless) and growing demand from the beverage industry are some other key reasons projected to drive the market over the forecast period. However, stringent regulations for the recycling process and variations in raw material prices are expected to hinder market growth in years to come.
Source Type Analysis
“Wood Pulp segment to continue its dominance”
The wood pulp segment dominated the global market in 2021 owing to low cost and rising demand from food service packaging solutions. The availability of virgin wood and waste paper at low cost is projected to drive market growth. Biodegradable, recyclable, sustainable, and others are some benefits of the wood pulp segment, expected to support the segment growth over the forecast period. The wood pulp segment is projected to continue its dominant position over the forecast period.
On the other flip, the non-wood pulp segment is anticipated to grow at the fastest CAGR throughout the forecast period. The wide availability of non-wood pulp sources such as sugarcane bagasse, reeds, kenaf, corn stalks, cereal straws, and others is projected to drive the market in years to come.
End-user Analysis
“Increasing the electronics industry to spur the segment growth”
The electronics segment is anticipated growing with the highest CAGR during the forecast period. The rising electronics industry and the growing trend of using recyclable packaging solutions are some of the major factors projected to drive the segment growth during the forecast period. The need for damage protection packaging across storage & transportation in the electronics sector is another factor anticipated to enhance the segment growth during the forecast period.
Regional Analysis
“The rising demand for molded pulp packaging to spur the Asia Pacific growth”
The Asia Pacific has a high share in the global market in 2021 owing to the surge in demand for molded pulp packaging from emerging nations such as India & China and the rising healthcare, electronics, and food packaging industry in the aforementioned nations. A rapid shift in urbanization coupled with a rising preference for convenient, safe, and healthy packaging are some other factors expected to drive segment growth over the forecast period. The growing packaging industry in numerous countries such as Indonesia, Bangladesh, and others due to the availability of cheap labor is one of the prominent factors for regional growth during the forecast period.
List of Companies Covered:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Molded Pulp Packaging market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Billion |
| Segmentation | |
Source Type
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Molded Type
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Product Type
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End-use
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Region Segment (2022-2032; US$ Billion)
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Key questions answered in this report
