Molded pulp packaging is the packaging products category that are sourced from different variants of molded pulp/molded fibre. This pulp or fibre is produced from recycled form of paperboard or other form of paper products already developed for a different purpose. This recycling method subsequently has a highly positive environmental impact and can ideally replace all forms of plastic packaging products in the long run due to their recyclable nature and simplified production process.
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The main factors boosting the Molded Pulp Packaging Market are:
- Increasing rate of adoption for eco-friendly & sustainable packaging products from consumers: Consumers, now-a-days are significantly more aware and environmentally conscious regarding the products that they consume and more importantly, the type of packaging that they are commercialized for consumption. Manufacturers have been induced to utilize more environmentally sustainable methods such as molded pulp, glass and various other methods instead of widely accepted and cost-effective plastic packaging methods. This trend will result in a butterfly effect for the demand rate of molded pulp packaging, helping expand the market share of this market in the forthcoming period
- Environmental benefits of these products: One of the most widely accepted and most impactful benefits for molded pulp packaging is their improvement of the environment by having a highly simplified production process and using recycled paperboard products for sourcing their packaging production
The market is segmented on the basis of molded type as thick wall, transfer, thermoformed and processed. Source segment has been sub-segmented as wood pulp and non-wood pulp. Product type includes trays, cups, clamshells, plates, bowls and others. End use consists of foodservice disposables, food packaging, healthcare, electronics, others.
Some of the Molded Pulp Packaging Market developments are as follows:
- In August 2019, North Pacific Paper Company announced that they had expanded their Longview operations that deals with recycling of waste paper, turning them into 100% recycled paper developed for the production of boxes, bags, displays and various other forms of paper packaging products. This capacity expansion will develop a more environmentally sustainable production method for waste papers while meeting the strict regulatory requirements of different industries in terms of paper waste generation
- In March 2018, Ecologic Brands announced that they had developed a paper bottle designed for various different applications in terms of packaging such as wine, protein powders, detergents, pet food and various others. This bottle has been developed with the help of a molded pulp based outer covering sourced from recycled corrugated paper and old newspapers. The product also consists of an inner PE film coming in direct contact with the contents of the packaging, helping reduce the impacts of plastic packaging over the environment
According to Data Bridge Market Research, Global Molded Pulp Packaging Market is expected to reach USD 4.83 billion by 2026, growing at a steady CAGR during the forecast period of 2019 to 2026
Some of the major players operating in the market are Brødrene Hartmann A/S, Huhtamaki, UFP Technologies, Inc., Thermoform Engineered Quality LLC, Eco-Products, Inc., Pro-Pac Packaging Group Pty Ltd, AmerCareRoyal, Fabri-Kal, Henry Molded Products Inc., EnviroPAK, Pacific Pulp Molding, Inc., Cascades inc., Sabert Corporation, ProtoPak Engineering Corporation, CELLULOSES DE LA LOIRE, Atlantic Pulp, Sealed Air, TRIDAS, KEIDING INC., Unified Packaging Solutions Pvt. Ltd., FiberCel, Sustainable Packaging Industries, Berkley among others.
A number of manufacturers and other innovative organizations are currently focusing on extensive levels of R&D activities to introduce more advanced technologies for the production process of molded pulp packaging, while helping advance the levels of quality being provided to the consumers in terms of product offerings for molded pulp packaging. This focus of manufacturers and other market impacting players will present the entire packaging industry with a highly opportunistic trend which is covered in the market overview of our reports.
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