Molded Pulp Packaging Market Size, Share, Growth Analysis Report By Product Type (Trays, Cups, Clamshells, Plates, Splitters, Others), By Molded Pulp Type (Rotary Molding, Fiber Thermoforming/Wet Press, Industrial Molding Pulp/Dry Press), By End Use (Eggs, Agriculture, Food & Food Services, Electronics, Appliances, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Maspack Ltd
- UFP Technologies Inc.
- EnviroPAK Corporation
- Others
Reports Description
Demand for eco-friendly packaging is propelling the growth of the market
Our recently published report, “Molded Pulp Packaging Market”, offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis. As per research, the molded pulp market size was estimated at around US$ 4.9 billion in 2021, growing at a CAGR of nearly 7.9% during 2022-2030. The market is projected to reach approximately US$ 9.8 billion by 2030.
Molded Pulp Packaging Market: Overview
Molded Pulp Packaging is a fibrous packaging material such as cardboard, recycled paper, or other natural fibers. This type of protective packaging is used for food service trays as well as beverage carriers. Some other types include cups, plates, bowls, clamshell containers, and trays. This type of packaging can be made waterproof by spraying or dipping it in a wax coating.
Molded Pulp Packaging Market: COVID-19 Impact Analysis
The COVID-19 pandemic forced several countries to set restrictions on manufacturing and trade. This created a demand-supply imbalance. Certain essential food & beverages, as well as pharmaceutical supplies, were only allowed to be produced and supplied. With this, the market was moderately impacted as Molded Pulp Packaging find its application in both pharmaceutical and food & beverage industries. The rise in the use of protective packaging during pandemics to prevent food tampering supported the demand for this packaging. Thus, during the pandemic the market witnessed a slight drop in 2020; however, it does not impact the overall market growth.
Molded Pulp Packaging Market: Growth Drivers
Consumer’s preference for eco-friendly packaging
Present-day consumers are well aware of the benefits of eco-friendly packaging and the growing significance of sustainability. Since Molded Pulp Packaging is bio-degradable and also it can be recycled again, it is considered an attractive option to suppliers. Also, the demand for packaging materials free from plastics, Styrofoam, and other petroleum-based materials are boosting the growth of Molded Pulp Packaging materials.
Increased egg consumption
The molded pulp packaging molds are very commonly used for egg trays and their packaging. The consumption of eggs is constantly increasing worldwide. For instance, as per PrintWeek, the global consumption of eggs is expected to reach 10.3 per kg by 2030. The growing egg consumption would directly result in increased demand for molded pulp packaging from egg suppliers. Further, major players offering egg packaging solutions are focusing on providing organic packaging solutions, such as the introduction of new products or expansion of their manufacturing capabilities. Recently, Huhtamaki developed new egg trays at its manufacturing plant in Brazil.
Rising middle-class population
The molded pulp packaging market is projected to notice significant growth owing to the surging middle-class population. This is resulting in increased demand for sustainable and convenient packaging used in numerous orders from electronics, food packaging, and healthcare sectors.
Molded Pulp Packaging Market: Restraints
Stringent government regulations
The strict government regulation concerning the emission of greenhouse gases is expected to hinder the molded pulp packaging market. As per statistics released by the US government, pulp and paper manufacturers are ranked as the fourth-largest industrial greenhouse gas emitters.
Molded Pulp Packaging Market: Segmentation Analysis
The Molded Pulp Packaging market is segmented into product type, molded pulp type, and end-use. By product type, the tray segment is estimated to hold the largest market share in 2021. Molded pulp trays help in preventing food & beverages by acting as an effective barrier against bacteria and molds. Further, they can be easily decomposed. Based on molded pulp type, rotary mold type holds the largest share owing to its unique and additional benefits. The process of this technique is easy and cost-economical, which drives its market growth. The end-user segment is dominated by eggs.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 4.9 Billion |
| Projected Market Size in 2030 | USD 9.8 Billion |
| CAGR Growth Rate | 7.9% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Maspack Ltd, UFP Technologies Inc., EnviroPAK Corporation, Huhtamaki, Ltd., Best Plus Pulp Co., and Others |
| Key Segment | By Product Type, Molded Pulp Type, End Use, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. Examine possible purchases |
Key Insights:
- As per the analysis shared by our research analyst, the molded pulp packaging market is estimated to grow annually at a CAGR of around 7.9% over the forecast period (2022-2030).
- In terms of revenue, the molded pulp packaging market size was valued at around USD 4.9 billion in 2021 and is projected to reach USD 9.8 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on product type segmentation, the tray segment was estimated to show maximum market share in the year 2021.
- Based on molded pulp type segmentation, the rotary molding segment was the leading revenue-generating category in 2021.
- Based on end-use segmentation, the eggs segment was the leading revenue-generating category in 2021.
- On the basis of region, the Asia Pacific region was the leading revenue generator in 2021.
Recent Development
- July 2022: Preferred Packaging, C-P Flexible Packaging’s division, expanded its product portfolio for sustainable packaging, GreenStream with new molded pulp trays produced using natural plant fibers. These new trays are microwave-safe, oven-safe, and freezer-safe.
- June 2022: Ara Partners, an investment firm focused on decarbonization investments, acquired Genera Energy Inc. The acquired company is engaged in the manufacturing of non-wood agricultural pulp as well as molded fiber products.
- January 2022: Huhtamaki acquired full ownership of Huhtamaki Smith Anderson sp zoo, its Poland-based JV company from Smith Anderson Group Ltd. Huhtamaki Smith Anderson sp zoo manufactures food service paper bags.
Regional Landscape
In 2021, the Asia Pacific region dominated the molded pulp packaging market. The growth is driven by the high presence of numerous molded pulp manufacturers in economies, including China, India, Bangladesh, and Indonesia. China is one of the key importers of pulp from other countries, Moreover, with the growing population in the region, the demand for food packaging, FMCG, food service, and pharmaceuticals, among others is witnessing high growth. Several governments in Asia Pacific countries also taking initiatives such as the Single-use Plastic ban (India). The above-mentioned factors are expected to accelerate the demand for molded pulp packaging in the region.
China is the key importer of pulp from other nations. The country is noticing a lucrative growth in molded pulp packaged products demand from end-users, including food packaging, FMCG, electronics, and healthcare industries. The country is estimated to be the largest revenue contributor in the Asia Pacific region.
Competitive Landscape
The market for Molded Pulp Packaging is highly fragmented in nature with the presence of several domestic as well as global players. These companies are focused on offering innovative customized packaging products to their customers. Other key strategies adopted by the players include product launches, acquisitions, and partnerships, to expand their geographical reach.
The global molded pulp packaging market is segmented as follows:
By Product Type
- Trays
- Cups
- Clamshells
- Plates
- Splitters
- Others
By Molded Pulp Type
- Rotary Molding
- Fiber Thermoforming/Wet Press
- Industrial Molding Pulp/Dry Press
By End Use
- Eggs
- Pharmaceuticals
- Agriculture
- Food & Food Services
- Electronics
- Appliances
- Others
By Source
- Wood Pulp
- Non-wood Pulp
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Molded Pulp Packaging Market, (2022 – 2030) (USD Billion)
- 2.2 Global Molded Pulp Packaging Market: snapshot
- Chapter 3. Global Molded Pulp Packaging Market – Industry Analysis
- 3.1 Molded Pulp Packaging Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Consumer’s preference for eco-friendly packaging
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product Type
- 3.7.2 Market attractiveness analysis By Molded Pulp Type
- 3.7.3 Market attractiveness analysis By End Use
- Chapter 4. Global Molded Pulp Packaging Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Molded Pulp Packaging Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Molded Pulp Packaging Market – Product Type Analysis
- 5.1 Global Molded Pulp Packaging Market overview: By Product Type
- 5.1.1 Global Molded Pulp Packaging Market share, By Product Type, 2021 and 2030
- 5.2 Trays
- 5.2.1 Global Molded Pulp Packaging Market by Trays, 2022 – 2030 (USD Billion)
- 5.3 Cups
- 5.3.1 Global Molded Pulp Packaging Market by Cups, 2022 – 2030 (USD Billion)
- 5.4 Clamshells
- 5.4.1 Global Molded Pulp Packaging Market by Clamshells, 2022 – 2030 (USD Billion)
- 5.5 Plates
- 5.5.1 Global Molded Pulp Packaging Market by Plates, 2022 – 2030 (USD Billion)
- 5.6 Splitters
- 5.6.1 Global Molded Pulp Packaging Market by Splitters, 2022 – 2030 (USD Billion)
- 5.7 Others
- 5.7.1 Global Molded Pulp Packaging Market by Others, 2022 – 2030 (USD Billion)
- 5.1 Global Molded Pulp Packaging Market overview: By Product Type
- Chapter 6. Global Molded Pulp Packaging Market – Molded Pulp Type Analysis
- 6.1 Global Molded Pulp Packaging Market overview: By Molded Pulp Type
- 6.1.1 Global Molded Pulp Packaging Market share, By Molded Pulp Type, 2021 and 2030
- 6.2 Rotary Molding
- 6.2.1 Global Molded Pulp Packaging Market by Rotary Molding, 2022 – 2030 (USD Billion)
- 6.3 Fiber Thermoforming/Wet Press
- 6.3.1 Global Molded Pulp Packaging Market by Fiber Thermoforming/Wet Press, 2022 – 2030 (USD Billion)
- 6.4 Industrial Molding Pulp/Dry Press
- 6.4.1 Global Molded Pulp Packaging Market by Industrial Molding Pulp/Dry Press, 2022 – 2030 (USD Billion)
- 6.1 Global Molded Pulp Packaging Market overview: By Molded Pulp Type
- Chapter 7. Global Molded Pulp Packaging Market – End Use Analysis
- 7.1 Global Molded Pulp Packaging Market overview: By End Use
- 7.1.1 Global Molded Pulp Packaging Market share, By End Use, 2021 and 2030
- 7.2 Eggs
- 7.2.1 Global Molded Pulp Packaging Market by Eggs, 2022 – 2030 (USD Billion)
- 7.3 Agriculture
- 7.3.1 Global Molded Pulp Packaging Market by Agriculture, 2022 – 2030 (USD Billion)
- 7.4 Food & Food Services
- 7.4.1 Global Molded Pulp Packaging Market by Food & Food Services, 2022 – 2030 (USD Billion)
- 7.5 Electronics
- 7.5.1 Global Molded Pulp Packaging Market by Electronics, 2022 – 2030 (USD Billion)
- 7.6 Appliances
- 7.6.1 Global Molded Pulp Packaging Market by Appliances, 2022 – 2030 (USD Billion)
- 7.7 Others
- 7.7.1 Global Molded Pulp Packaging Market by Others, 2022 – 2030 (USD Billion)
- 7.1 Global Molded Pulp Packaging Market overview: By End Use
- Chapter 8. Molded Pulp Packaging Industry – Regional Analysis
- 8.1 Global Molded Pulp Packaging Industry Regional Overview
- 8.2 Global Molded Pulp Packaging Industry Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Molded Pulp Packaging Industry, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Molded Pulp Packaging Industry, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Molded Pulp Packaging Industry, 2022 – 2030 (USD Billion)
- 8.4 North America Molded Pulp Packaging Industry, by Product Type, 2022 – 2030
- 8.4.1 North America Molded Pulp Packaging Industry, by Product Type, 2022 – 2030 (USD Billion)
- 8.5 North America Molded Pulp Packaging Industry, by Molded Pulp Type, 2022 – 2030
- 8.5.1 North America Molded Pulp Packaging Industry, by Molded Pulp Type, 2022 – 2030 (USD Billion)
- 8.6 North America Molded Pulp Packaging Industry, by End Use, 2022 – 2030
- 8.6.1 North America Molded Pulp Packaging Industry, by End Use, 2022 – 2030 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Molded Pulp Packaging Industry, 2022 – 2030 (USD Billion)
- 8.7.1.1 Europe Molded Pulp Packaging Industry, by Country, 2022 – 2030 (USD Billion)
- 8.7.1 Europe Molded Pulp Packaging Industry, 2022 – 2030 (USD Billion)
- 8.8 Europe Molded Pulp Packaging Industry, by Product Type, 2022 – 2030
- 8.8.1 Europe Molded Pulp Packaging Industry, by Product Type, 2022 – 2030 (USD Billion)
- 8.9 Europe Molded Pulp Packaging Industry, by Molded Pulp Type, 2022 – 2030
- 8.9.1 Europe Molded Pulp Packaging Industry, by Molded Pulp Type, 2022 – 2030 (USD Billion)
- 8.10 Europe Molded Pulp Packaging Industry, by End Use, 2022 – 2030
- 8.10.1 Europe Molded Pulp Packaging Industry, by End Use, 2022 – 2030 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Molded Pulp Packaging Industry, 2022 – 2030 (USD Billion)
- 8.11.1.1 Asia Pacific Molded Pulp Packaging Industry, by Country, 2022 – 2030 (USD Billion)
- 8.11.1 Asia Pacific Molded Pulp Packaging Industry, 2022 – 2030 (USD Billion)
- 8.12 Asia Pacific Molded Pulp Packaging Industry, by Product Type, 2022 – 2030
- 8.12.1 Asia Pacific Molded Pulp Packaging Industry, by Product Type, 2022 – 2030 (USD Billion)
- 8.13 Asia Pacific Molded Pulp Packaging Industry, by Molded Pulp Type, 2022 – 2030
- 8.13.1 Asia Pacific Molded Pulp Packaging Industry, by Molded Pulp Type, 2022 – 2030 (USD Billion)
- 8.14 Asia Pacific Molded Pulp Packaging Industry, by End Use, 2022 – 2030
- 8.14.1 Asia Pacific Molded Pulp Packaging Industry, by End Use, 2022 – 2030 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Molded Pulp Packaging Industry, 2022 – 2030 (USD Billion)
- 8.15.1.1 Latin America Molded Pulp Packaging Industry, by Country, 2022 – 2030 (USD Billion)
- 8.15.1 Latin America Molded Pulp Packaging Industry, 2022 – 2030 (USD Billion)
- 8.16 Latin America Molded Pulp Packaging Industry, by Product Type, 2022 – 2030
- 8.16.1 Latin America Molded Pulp Packaging Industry, by Product Type, 2022 – 2030 (USD Billion)
- 8.17 Latin America Molded Pulp Packaging Industry, by Molded Pulp Type, 2022 – 2030
- 8.17.1 Latin America Molded Pulp Packaging Industry, by Molded Pulp Type, 2022 – 2030 (USD Billion)
- 8.18 Latin America Molded Pulp Packaging Industry, by End Use, 2022 – 2030
- 8.18.1 Latin America Molded Pulp Packaging Industry, by End Use, 2022 – 2030 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Molded Pulp Packaging Industry, 2022 – 2030 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Molded Pulp Packaging Industry, by Country, 2022 – 2030 (USD Billion)
- 8.19.1 The Middle-East and Africa Molded Pulp Packaging Industry, 2022 – 2030 (USD Billion)
- 8.20 The Middle-East and Africa Molded Pulp Packaging Industry, by Product Type, 2022 – 2030
- 8.20.1 The Middle-East and Africa Molded Pulp Packaging Industry, by Product Type, 2022 – 2030 (USD Billion)
- 8.21 The Middle-East and Africa Molded Pulp Packaging Industry, by Molded Pulp Type, 2022 – 2030
- 8.21.1 The Middle-East and Africa Molded Pulp Packaging Industry, by Molded Pulp Type, 2022 – 2030 (USD Billion)
- 8.22 The Middle-East and Africa Molded Pulp Packaging Industry, by End Use, 2022 – 2030
- 8.22.1 The Middle-East and Africa Molded Pulp Packaging Industry, by End Use, 2022 – 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Maspack Ltd
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 UFP Technologies Inc.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 EnviroPAK Corporation
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Huhtamaki Ltd.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Best Plus Pulp Co.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.1 Maspack Ltd
List Of Figures
Figures No 1 to 31
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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List of the prominent players in the global molded pulp packaging market:
- Maspack Ltd
- UFP Technologies Inc.
- EnviroPAK Corporation
- Huhtamaki Ltd.
- Best Plus Pulp Co.
- Brodrene Hartmann A/S;
- Huhtamako Oyj;
- CKF Inc.
- Thermoform Engineered Quality LLC;
- Genpak LLC;
- Eco-Products Inc;
- Pro-Pac Packaging Limited;
- Fabri-Kal;
- Hentry Molded Products Inc;
- Sabert Corporation
- Others
FAQs
“Asia Pacific” region will lead the global Molded Pulp Packaging market during the forecast period 2022 to 2030.
The rise of molded pulp packaging materials is being driven by the demand for packaging materials free of plastics, Styrofoam, and other petroleum-based materials.
The key players operating in the Molded Pulp Packaging market are Maspack Ltd, UFP Technologies Inc., EnviroPAK Corporation, Huhtamaki, Ltd., Best Plus Pulp Co., and Others.
The global Molded Pulp Packaging market is expanding growth with a CAGR of approximately 5.4% during the forecast period (2022 to 2030).
The global Molded Pulp Packaging market size was valued at US$ 3.8 billion in 2021 and it is projected to reach around US$ 5.3 billion by 2030.