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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Market Insights, Inc., headquartered in Delaware, U.S., is a global market
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