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MOLDED FIBER PULP PACKAGING MARKET ANALYSIS

Read here the report Molded Fiber Pulp Packaging Market by CMI team.

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MOLDED FIBER PULP PACKAGING MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. MOLDED FIBER PULP PACKAGING MARKET ANALYSIS • Molded fiber is a paper-based packaging material that uses 100% recyclable materials such as newspaper, cardboard, water, and other natural fibers. It is also known as molded pulp as it is used to formed shape, it is created with round corners and complex three-dimensional shapes. For example, egg cartons is used as protective packaging. Molded fiber pulp packaging is also used for packaging of electronics, automotive parts, household goods, and medical products. Molded paper pulp easily gets decomposed in the soil.

  3. The global Molded Fiber Pulp Packaging market was valued at US$ 7180.0 Mn in terms of value and 2683009.2 Thousand Tons in terms of volume in 2018 • Increasing launch of wood-fiber based packaging solution is projected to propel the market growth of molded fiber pulp packaging. For instance, in May 2019, Stora Enso introduced DuraSense by Stora Enso, a wood-fiber-based bio-composite for premium cosmetics, food and luxury brands that aim for effective and biodegradable packaging alternatives. DuraSense is a combination of wood fibers and polymers which could be bio-based, fossil, or recycled. • Growing demand for molded fiber pulp packaging as a protective packaging such as nursery pots, floral containers, food trays, and beverage containers are projected to foster market growth. Moreover, rising demand from the transportation industry for environmentally friendly solution with excellent vibration dampening and cushioning properties is projected to propel the market growth over the forecast period. 

  4. Western Europe region dominated the global molded fiber pulp packaging market in 2018, accounting for 25.9% share in terms of value, followed by North America and Asia Pacific (excl.Japan), respectively. • The availability of substitutes such as expanded polystyrene (EPS) and other plastic is projected to hinder the market growth. Moreover, usage of molded fiber also raise the raw material and power requirements as compared to EPS which is also projected to hamper the market growth over the forecast period. Furthermore, EPS has improved as a shock-absorbing material than mold fiber pulp packaging and is also lightweight and versatile. This offers savings in overall production costs. Therefore, rising usage of EPS as a substitute for molded fiber pulp is projected to curb market growth. • Rising investment by major player for the development of biodegradable fiber product is projected to offer new immense growth opportunity to the market. For instance, in March 2019, Stora Enso has invested around US$ 5.5 Million to build a new production line and related infrastructure to manufacture formed fiber products at Hylte Mill in Sweden. The formed fiber technology enables manufacturing of products that are designed for circularity, meaning that they are renewable, recyclable and biodegradable and do not contain any plastic.

  5. Figure 1. Global Molded Fiber Pulp Packaging – Market Opportunity Analysis

  6. Growing demand for fiber drums from the retail sector for packaging purposes is expected to show lucrative growth opportunities to the market. Fiber drum is low cost and eco-friendly and are more resistant to corrosion in comparison to plastic and met counterparts. Moreover, they are manufactured from the recyclable materials and require less amount of energy during production that reduces their footprint on the environment. Therefore, this is expected to propel the market growth over the forecast period.  • Global molded fiber pulp packaging market was valued at US$ 7180.0 Mn in 2018 and is forecast to reach a value of US$ 11934.6 Mn by 2027 at a CAGR of 5.8% between 2019 and 2027 • Rising demand for pulp paper packaging in the emerging market due to urbanization, increasing consumer awareness, and increasing population is projected to fuel the market growth over the forecast period. Growing application of molded pulp packaging in packaging healthcare products such as Bedpans, Urine Bottles, Kidney Dishes, Bowls, etc. is further projected to foster the market growth over the forecast period. Other applications such as pallets, film roll cradles, and nursery containers are also expected to boost market growth.

  7. The rising number of mergers and acquisitions among key players is projected to add immense growth opportunity over the forecast period. For instance, in May 2016, Huhtamaki Group acquired Delta Print and Packaging Limited, a producer of folded carton packaging, to improve its food & drink packaging segment and enter the folding carton packaging business in Europe. Another question took place in February 2016, when ESCO Technologies Inc. acquired Plastique Group Limited as part of its subsidiary, Thermoform Engineered Quality LLC (TEQ). The latter develops highly technical thermoformed plastic and precision molded pulp fiber packaging products. • Transfer Molding Accounted for a volume share 53.2% by molded pulp type, followed by thermoformed fiber, thick wall and processed pulp respectively.

  8. Figure 2. Global Molded Fiber Pulp Packaging Volume Market Share (%), By Molded Pulp Type, 2018

  9. Players active in the market are UFP Technologies, Inc., ESCO Technologies Inc., Huhtamaki Oyj, Brodrene Hartmann A/S, Henry Molded Products, Inc., ProtoPak Engineering Corporation, EnviroPAK Corporation, Pacific Pulp Molding, LLC, Keiding, Inc., FiberCel Packaging, LLC, Guangxi Qiaowang Pulp Packing Products Co, Ltd., Guangzhou NANYA Pulp Molding Equipment Co., Ltd., Pactiv LLC (Reynolds Group Holdings Ltd.), Spectrum Lithograph, Inc. and Dynamic FibreMoulding (PTY) Ltd. • Few Recent Developments • UFP Technologies, Inc. • Key Developments: • In October 2016, UFP Technologies, Inc. received the “AS9100C:2009” certification for its manufacturing facilities which warranted its capacity to offer services to the aerospace industry, fulfill regulatory requirements, and maintain quality standards. • In September 2016, the company redesigned its molded fiber website to feature an improved layout with a mobile-friendly and responsive design providing details about its products and services. • ESCO Technologies Inc. 

  10. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://https://www.coherentmarketinsights.com/market-insight/molded-fiber-pulp-packaging-market-3201

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