Molded Pulp Packaging Market Forecast to 2026 | Trends and Growth Dynamics

 

Global Market Insights, Inc present the report on global Molded Pulp Packaging Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research.

Escalating demand for green packaging solutions in the healthcare, food, electronics, and agriculture industries is likely to drive the demand for molded pulp packaging. Molded pulp containers or packaging are made out of multiple fibrous and natural materials such as recycled paper, cardboard, sugarcane, bamboo, or wheat straw.

These raw materials help in defining the color, surface texture, and strength of the packaging. It comes in three-dimensional shapes and with round corners, unlike its counterparts like cardboard boxes. One of the best examples of molded pulp packaging is egg cartons.

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As a result of the ongoing COVID-19 health crisis, various industry verticals all over the world are starting to observe a growing need for sustainable packaging. Some of these industries are healthcare and agriculture, which lately have gained immense traction owing to rising demand for essential services and products.

Moreover, the manufacturing technology of molded pulp containers has seen a drastic change overtime, with consumers having an wide range of option for more sophisticated and aesthetically appealing packaging solutions that come with smoother surfaces. With this improvement in appearance and texture, pulp packaging finds diverse applications in numerous sectors.

Growth drivers of Molded Pulp Packaging Market are

-          Rapidly growing poultry industry

-          Increasing agricultural output

-          Positive regulatory environment

-          Strong product demand form food & beverages industry

How is molded pulp plate augmenting the food and catering services?

Molded pulp plates are steadily replacing plastic tableware from restaurants and food events. Caterers nowadays are preferring to serve food in these plates as they are available in a variety of shapes along with multiple indentations for segregating different recipes. Besides, it provides higher smoothness, making it attractive for both restaurants and consumers.

Apart from its remarkable features, molded pulp plates also offers benefits like no presence of wax lining, soak proof, ability to handle both hot & cold items and being microwave & freezer safe.

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Which industrial sectors are leveraging molded pulp packaging?

Apart from the electronic sector is heavily utilizing molded pulp packaging, industries like general manufacturing and automotive are steadily tapping into the potential of molded pulp in their process.

Rapid expansion in the manufacturing sectors located across Asia Pacific could massively support the adoption of molded pulp packaging over the forthcoming years. In addition to industrial sectors, molded pulp packaging is also used by companies operating in agriculture, appliances, animal husbandry, and food & services industries.

How is the healthcare industry of LATAM benefiting from molded pulp packaging market?

Proliferating healthcare expenditure across Latin America owing to the rampant spread of COVID-19 is estimated to boost the demand for molded pulp products in the region. Healthcare firms are utilizing molded pulp to package their drugs and vaccines. The pandemic has triggered an exponential rise in public healthcare expenditure, in turn supporting the growth of the healthcare packaging industry.

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