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Molded Pulp Packaging Market worth $5.7 billion by 2027 | Key players Huhtamaki Oyj (Finland), Bordrene Hartmann A/S (Denmark), Genpack LLC(US), Sabert Corporation (US).

05-06-2024 02:02 PM CET | Chemicals & Materials

Press release from: MarketsandMarkets

Molded Pulp Packaging Market, Molded Pulp Packaging, Pulp Packaging, Packaging Market, APAC Molded Pulp Packaging Market

Molded Pulp Packaging Market, Molded Pulp Packaging, Pulp Packaging, Packaging Market, APAC Molded Pulp Packaging Market

According to recent market research the "Molded Pulp Packaging Market by Molded Type (Thickwall, Transfer Molded, Thermoformed Fiber and Processed Pulp), Product Type (Trays, Clamshells, Cups, Plates, Bowls), End-Use, Source (Wood Pulp and Non Wood Pulp), and Region - Global Forecast to 2027", is approximated to be USD 4.6 billion in 2022, and it is projected to reach USD 5.7 billion by 2027, at a CAGR of 4.3%. Molded fiber pulp packaging solely involves the usage of wood pulp or recycled wastepaper material that can be recycled again after its useful life cycle. It includes products such as end caps, trays, plates, bowls, and clamshell containers. The global molded fiber pulp packaging market has witnessed considerable growth in recent years, mainly driven by features such as recyclability, low weight, and lower cost. Changing lifestyles and increased consumer spending on packaged foods are factors contributing to the growth in demand for molded fiber pulp packaging.

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Thermoformed is also known as thin-wall molded fiber packaging which is manufactured using multiple heated molds with product thickness ranging from 3/32 to 5/32 inches, which is 2mm to 4mm. The surfaces of the thermoformed type of pulp packaging are smooth, and forms are well detailed with minimal draft angles. Due to the multiple heated mold process, the walls are comparatively denser. Thermoformed fiber products closely resemble thermoformed plastic materials. This technique is most widely used to make clamshells and food service disposables such as cups, plates, bowls, and cutlery. This type of molded pulp packaging is also used for high-definition applications where appearance is of prime importance.

Molded fiber cups are another form of wide-mouth disposable packaging that is produced using non-wood pulp such as sugarcane bagasse & rice straw pulp, and soft & hardwood pulp such as newsprint paper slurry and wood pulp. These cups are widely used in food service packaging and for products such as butter, chocolates, tomato sauce, preserves, dairy products (cheese, milk cream, and yogurt with and without fruit pieces), mayonnaise, jam, honey, and edible oil.

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As compared to the North American region, the molded fiber pulp packaging market in Europe is more regulated. The European Association of Plastics Recycling and Recovery Organizations (EPRO) is responsible for promoting and organizing recycling and recovery of plastics throughout Europe. Organizations such as the European Organization for Packaging and the Environment (EUROPEN) and the UK-based Industry Council for Packaging and the Environment (INCPEN) are focusing on implementing effective practices that make use of recyclable and reusable materials to manufacture sustainable packaging products. The European Union (EU) is among the top four egg-producing regions globally. These factors are expected to fuel the demand for molded pulp packaging in the region. Factors such as the increasing presence of urbanized population and growing healthcare and personal care sectors in this region also have contributed to the demand for sustainable packaging solutions such as molded fiber pulp packaging.

Molded pulp packaging market comprises major players such as players Huhtamaki Oyj (Finland), Bordrene Hartmann A/S (Denmark), Genpack LLC(US), James Cropper 3D products Ltd., PrimWare-by Prim Link Solutions (US), Sonoco Products Co. (US) and UFP Technologies (US), Sabert Corporation (US), Fabri-Kal(US), Pro-Pac Packaging(Australia), and others are covered in the molded fiber pulp packaging market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Molded pulp packaging Market.

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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 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.

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