Molded Pulp Packaging Market Scope and Its ApplicationsPosted by Nicky Arora on March 30th, 2021 The global molded pulp packaging market size is expected to reach USD 5.63 billion by 2025, registering a CAGR of 4.9% during the forecast period, according to a new report published by Grand View Research, Inc. Rising demand for low-cost, eco-friendly packaging by various end-use industries, including food, food service, electronics, healthcare, and industrial, is likely to fuel the growtha.
Molded pulp packaging products are majorly made up of recycled paper pulp. Other sources such as virgin wood and non-wood pulp sources, including cereal straws, sugarcane bagasse, bamboo, reeds, esparto, kenaf, and corn stalks, are also employed for manufacturing molded pulp packaging products. The wide availability of various pulp sources makes it a cost-effective packaging solution than plastic molded products.
Molded pulp packaging products such as clamshell, bowls and cups, plates, and others exhibit similar packaging properties to that of plastic thermoform products. Molded products offer excellent bracing, blocking, and cushioning protection, and they are temperature, water, and oil resistant. A rise in the rules and regulations regarding the use of plastic packaging products, such as Expanded Polystyrene (EPS) thermoformed packaging products in the developed region, are expected to fuel the demand for molded pulp packaging in the forthcoming years.
Molded pulp packaging products, such as tray and clamshells are primarily used for egg packaging due to their excellent vibration damping properties, essential for packaging fragile products. Increasing per capita consumption of eggs in developed countries coupled with the growing adoption of sustainable disposables by the foodservice industry is expected to benefit the market in the forthcoming years.
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Further key findings from the report suggest:
Grand View Research has segmented the global molded pulp packaging market on the basis of source, type, product, end use, and region:
Molded Pulp Packaging Source Outlook (Revenue, USD Million, 2014 - 2025)
Molded Pulp Packaging Type Outlook (Revenue, USD Million, 2014 - 2025)
Molded Pulp Packaging Product Outlook (Revenue, USD Million, 2014 - 2025)
Molded Pulp Packaging End-use Outlook (Revenue, USD Million, 2014 - 2025)
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