DUBAI, U.A.E, July 1, 2020
DUBAI, U.A.E, July 1, 2020 /PRNewswire/ -- The global molded fiber pulp packaging market is slated to surpass the US$ 8 Bn mark by 2020-end, creating a new value opportunity of US$ 300 Mn annually until 2025.
Molded fiber pulp packaging is now shedding its perception as being only suitable for manufacturing egg-trays to being applicable as an essential raw material across mainstream packaging. The market has experienced a tectonic shift to incorporate food processing, electronics manufacturing and pharmaceutical packaging within its ambit, amongst other sectors.
FMI estimates the global molded fiber pulp market to emerge as a cash cow during the upcoming forecast, generating an opportunity of US$ 2 Bn by the end of 2030. Various innovative applications such as manufacturing molded pump coolers, disposable urinals, Plaster of Paris displays and flower pots have catapulted revenue prospects for the future.
However, impediments are slated to hamper growth prospects for most of 2020 due to the coronavirus pandemic. Since the pandemic's ascent, the packaging industry has registered sluggishness, induced by the cessation of production activities across key end-use industries. Due to falling demand, sales of molded fiber pulps shall register a downturn for a while. Recovery is anticipated starting in the fourth quarter of 2020.
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Key Takeaways from FMI's Report on Molded Fiber Pulp Packaging Market
Molded Fiber Pulp Packaging Market: Key Trends
Molded Fiber Pulp Packaging Market: Region-wise Analysis:
Molded Fiber Pulp Packaging Market: Competitive Insights
Prominent market players profiled in the molded fiber pulp packaging market include ESCO Technologies Inc., Pacific Pulp Molding LLC, UFP Technologies, Inc., Spectrum Lithograph, Inc., Pactiv LLC, Huhtamaki Oyj, Brodrene Hartmann A/S and Keiding, Inc., to name a few.
Manufacturers are looking for alternative sources to procure pulp due to increased demand for sustainable packaging. This trend has compelled them to look for non-wood fibers such as bagasse, wheat straw and bamboo. Additionally, technological advancements have paved the way for sophisticated coating and printing techniques for on-molded fiber pulp products.
Molded Fiber Pulp Packaging Market Taxonomy:
Molded Pulp Type
Region & Country
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Get Valuable Insights into the Molded Fiber Pulp Packaging Market
In its latest report, future market insights offers an unbiased analysis of the global molded fiber pulp packaging market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2020-2030. To understand opportunities in the molded fiber pulp packaging market, the market is segmented on the basis of product type (trays, clamshells, bowls, drink carrier, plates, end caps, etc.), molded pulp type (thick wall, transfer molded, thermoformed molded, processed pulp), and industry (consumer durable and electronic goods, food & beverages, cosmetics, pharmaceuticals, automotive component, food service, logistics, healthcare, others), and across six major regions.
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