Biodegradable and Eco-Friendly Molded Pulp Packaging Gains Traction in Global Market| MarketsandMarkets™

Posted by Jack Martin on May 11th, 2023

The global molded fiber pulp packaging market size is projected to grow from USD 4.6 billion in 2022 to USD 5.7 billion by 2027, at a CAGR of 4.3% during the forecast period The rising concerns regarding the requirement for the use of sustainable packaging in various industries such as electronics, food packaging, food service, healthcare, and e-commerce drives the market. Also, The increasing popularity of online shopping and rising consumer spending on eco-friendly packed goods are fueling the demand for molded fiber pulp packaging. 

There are different players that operate in the molded fiber pulp packaging market. The major market players include Huhtamaki Oyj (Finland), Sonoco Products Co. (US), Brodrene Hartmann A/S (Denmark), Genpak LLC (US), UFP Technologies (US), Sabert Corporation (US), Fabri-Kal (US), and Pro-Pac Packaging (Australia) among others. Various strategies, such as new product launch, expansion, and product development are adopted by several players to gain a competitive edge to increase their global footprint and sustain growth in the molded fiber pulp packaging market.

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According to recent reports, Europe and North America are currently the largest markets for molded pulp packaging, followed by the Asia-Pacific region. While India is a rapidly growing market for sustainable packaging solutions. Healthcare products, which include pharmaceutical, nutraceutical, and life science products, are required to be protected from external conditions such as light and moisture as well as contamination and physical damage, as these can alter the quality of products. Being temperature-sensitive and fragile, the quality of the packaging plays a very important role in the protection of these products.

HUHTAMAKI OYJ (FINLAND) is one of the leading manufacturers of food service packaging, food & beverage packaging, non-food packaging, and fresh food packaging products. The company offers four brands—BioWare, Chinet, Lily, and Bibo for tableware and packaging. It operates through four major business segments, namely, Foodservice Business, North America, Flexible Packaging, and Fiber Packaging. The company was founded by Heikki Huhtamäki in 1920 and is headquartered in Espoo, Finland. Foodservice Packaging, Flexible Packaging, and Fiber Packaging are its three main business divisions. The section that deals with food service packaging provides fast food chains, coffee shops, and food service operators with paper and plastic disposable dinnerware. The section for Flexible Packaging manufactures flexible packaging materials, pouches, and labels for pharmaceutical, household, pet food, and food goods. Egg cartons, fruit trays, bottle dividers, and cup carriers are all made by the Fiber Packaging segment using recycled fiber.

BRODRENE HARTMANN A/S is one of the largest manufacturers and sellers of molded fiber pulp packaging solutions for eggs and fruits. The company operates in the market via two business segments, namely, molded-fiber packaging and machinery & technology. It offers protective egg trays for transport and also produces and sells technologies, machinery, and related service solutions to manufacturers of molded fiber packaging. The company mainly sells its products to egg and fruit packing businesses, retail chains, and buyers of packaging solutions under the brand names imagic2, imagic, Mini Poster Pack, Plus Pack, and Fresh Pack.