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Molded Pulp Packaging Market to Witness Unprecedented Growth in Coming Years

admin by admin
January 14, 2022
in Press
Molded Pulp Packaging Market to Witness Unprecedented Growth in Coming Years
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(EMAILWIRE.COM, January 13, 2022 ) The report “Molded Pulp Packaging Market by Source Type (Wood & Non-wood), Molded Type (Thick Wall, Transfer, Thermoformed, Processed), Product (Trays, Bowls, Cups, Plates, Clamshells), End Use, and Region – Global Forecast to 2024″ The molded pulp packaging market size is projected to grow from USD 3.5 billion in 2019 to reach USD 4.4 billion by 2024, at a CAGR of 4.4%.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36997090

“The transfer molded packaging segment, by molded type, to gain the maximum share of the market during the forecast period”

The transfer molded packaging segment is projected to account for the largest share by 2024, mainly because of the growth in consumption of transfer molded packaging in the food, foodservice disposable, healthcare, and automotive industries. Transfer packaging is most commonly used in the manufacturing of egg cartons, trays as well as fruit, food, & serving trays in the foodservice industry. This is due to the rise in consumption of convenient, recyclable, and sustainable packaging products for which molded pulp packaging is used, especially in the emerging markets of Asia Pacific and South America. The increasing demand for sustainable food disposables from the foodservice disposable industry provides a growth opportunity for the molded pulp packaging market.

“The non-wood pulp segment, by source, to grow at a higher rate during the forecast period”

Raw materials or various types of sources such as wood pulp and non-wood pulp are used for the manufacturing of molded pulp packaging. The wood pulp segment accounted for a larger market share, in terms of value, in the molded pulp packaging market. Wood pulp is cost-effective, recyclable, and biodegradable, which offers a sustainable property to the packaging material; this segment is thus accounted for a larger share in the molded pulp packaging market. On the other hand, the non-wood segment is projected to grow at a higher rate during the forecast period. Non-wood pulp is generally made from agricultural food crop residues, grasses, and tree leaves that do not have immediate applications. It is processed and used as an excellent alternative for wood pulp, offering the same properties and benefits.

Don’t miss out on business opportunities in Molded Pulp Packaging Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=36997090

Browse in-depth TOC on “Molded Pulp Packaging Market”
105 – Market Data Tables
35 – Figures
138 – Pages

“Asia Pacific projected to be the largest shareholder in the molded pulp packaging market by 2024”

The molded pulp packaging market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is estimated to account for the largest share among all the regions in 2018 and is projected to grow at the highest rate from 2018 to 2024, in terms of value. This can be mainly attributed to the increase in demand for molded pulp packaging in China and India, coupled with the growth in the food packaging and healthcare industries in these countries. The urbanized population is shifting its preference to convenient, healthy, and safe packaged foods owing to the rise in disposable incomes.

The major players include Brødrene Hartmann A/S (Denmark), UFP Technologies (US), Thermoformed engineered Quality (TEQ) LLC (US), Genpak LLC (US), and Eco-Products (US). Other players include Pro-Pac Packaging (Australia), PrimeWare-by PrimeLink Solutions (US), Fabri-Kal (US), Henry Molded Products (US), EnviroPAK Corporation (US), Pacific Pulp Molded (US), Sabert Corporation (US), Protopak Engineering Corporation (US), and Cellulose de la Loire (France). These companies have adopted strategies such as acquisitions, expansions & investments, and new product launches to cope with the increasing demand in the emerging markets.

Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=36997090

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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