Moulded Fibre Pulp Packaging Market will Exhibit a Steady 5.8%CAGR through 2027

Posted by Vikas Bahurupi on July 16th, 2018

In this report, Research Report Insights (RRI) delivers key insights on the global molded fiber pulp packaging market in its published report, titled “Moulded Fibre Pulp Packaging Market by 2027.” In terms of revenue, the global molded fiber pulp packaging market is estimated to expand at a CAGR of 5.8% over the forecast by 2027, owing to numerous factors, about which RRI offers thorough insights and forecasts in this report.

The market is segmented based on molded pulp type, product type, end use and region. Based on molded pulp type, the market is sub-segmented into thick wall, transfer molded, thermoformed fiber, and processed pulp. Among all the molded pulp type segment, transfer molded segment is expected to account for the highest market share, followed by thermoformed fiber segment over the forecast period. The transfer molded type segment is expected to register a significant CAGR of 6.5% during the forecast period in terms of value. The thermoformed fiber segment is projected to register the second highest CAGR of 5.5% over the forecast period. The factors fuelling demand for molded fiber pulp packaging are adoption of environment friendly & biodegradable packaging which ensures packaging excellence and ecological development along with cost effective medium for packaging due to its low disposal cost, minimum inventory and warehousing costs, and easy packaging process.

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To provide in-depth insights on the pattern of demand for molded fiber pulp packaging, the market is segmented on the basis of product type such as tray, clamshell & container, boxes, end caps, and others (cups, and bowls). The tray product type segment is projected to grow at a significant CAGR of 6.2% over the forecast period in terms of value. The market has also been segmented by end use which includes consumer durables & electronics goods packaging, food & beverage packaging, cosmetic & beauty products packaging, healthcare product packaging, automotive parts packaging, transportation & logistics, and others (candles, flower packaging). Consumer durables & electronics goods packaging segment is further sub-segmented into tube light & bulbs, mobile phones, and others (DVD’s, Modems, and TV). Food & beverage packaging segment is further sub-segmented into egg packaging, wine packaging, fruit packaging, and others (vegetables, and frozen food).

Development of Recycled and Reusable Packaging to Drive Growth of the Global Molded Fiber Pulp Packaging Market: RRI

 Food & beverage packaging end use segment is anticipated to be most attractive segment in terms of CAGR over the forecast period. Food & beverage packaging segment occupied 69% share in 2016. The threat of substitutes such as EPS, plastics materials in the industry coupled with raw materials such as paper or newsprint which contains the large percentage of short fibers and has been recycled many times produce the final product with short shelf life, weak, rigid and has low tensile strength are some of the factors which is expected to obstruct the growth of global molded fiber pulp packaging market.

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