Bizizz Market Research has recently published a research report, “Molded Pulp Packaging Market By Molded Type (Thick Wall, Transfer, Thermoformed and Processed), Source (Wood Pulp and Non-wood Pulp), Product type (Trays, Cups, Clamshells, Plates, Bowls and Others), End-user (Food Service Disposables, Food Packaging, Healthcare, Electronics and Others) Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Molded Pulp Packaging Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 4.9 Bn by 2027, witnessing a CAGR of 4.1 % during the forecast period. Key drivers of the market are customers preferences towards eco-friendly products coupled with disposable income increase is contributing to the market growth of molded pulp packaging.
An increasing demand for the molded pulp packaging is because of the customer demand for the eco-friendly products that could comply with the government policies. There is a substantial development of the molded pulp packaging products that could be catered to the respective needs of the end-user industry. This could be attributed to the increased research and development activities that substantiates the various requirements of the industries and improve its market growth potential.
The Molded Pulp Packaging market is anticipated to register a CAGR of over 4.1% during the forecast period.
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By source type, Wood pulp segment held a key share in Global Molded Pulp Packaging Market in 2018.
The demand for the wood pulp source for the manufacturing molded pulp packaging is leading in the global market. It could be attributed to the various lower cost and rise in the demand form the good and beverages industries in the market. Especially the virgin wood and waste paper are having less cost and thus encouraging the industries to procure these products for their respective usage. The abundance in the availability of the non-wood pulp segment is anticipated to propel in the market that includes sugar cane, reeds and corn among others.
Asia Pacific is Anticipated to Dominate the Global Molded Pulp Packaging Market during the Forecast Period.
The market of molded pulp packaging is high in the Asia pacific region this could be attributed to the increased industrialization along with urbanization shall propel its market growth. The consumption of the molded pulp is high by the food and beverages along with fast moving consumer goods industries are propelling its market growth.
Global Molded Pulp Packaging market was moderately consolidated with key local players accounting for significant share in 2018. Thus the market for the molded pulp packaging shall by enhanced by the contribution of competitors that are offering sustainable products to the end-user industries.
Prominent players operating in the Global Molded Pulp Packaging Market are: Genpak LLC., Pacific Pulp Molded, UFP Technologies , Protopak Engineering Corporation, Cellulose de la Loire, Brødrene Hartmann A/S, Sabert Corporation, EnviroPAK Corporation, Thermoformed engineered Quality, Henry Molded Products, Fabri-Kal, Eco-Products, PrimeWare-by PrimeLink Solutions, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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