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North America Molded Pulp Packaging Market Forecast 2027 By End-user (Eggs, Agriculture, Food & Foodservice, Electronics, Appliances), By Material (Rotary Molding Pulp, Fiber Thermoforming, Industrial Molding Pulp), By Product (Trays, Cups, Clamshell, Plates, Splitters), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: November 2021 | Publisher: Graphical Research Report ID: GR2014 | Delivery : PDF  Request Free Sample

North America Molded Pulp Packaging Market size surpassed USD 804 million in 2020 and is projected to witness 4.8% CAGR from 2021 to 2027. Rapidly growing demand for environment-friendly packaging products will drive the market growth. Furthermore, growing food and beverages industry will boost the product demand.

North America Molded Pulp Packaging Market Size

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High growth in the end-user industries, such as agriculture, meat & poultry, and electronics, will propel the market expansion. According to the United Egg Producers, egg production in the U.S. was around 97 billion units in 2020. In the past 20 years, per capita egg consumption in the U.S. has increased by 15%. This rapid growth in egg production and consumption in the country will fuel the molded pulp packaging demand for egg transportation. Prominent economic growth, improved supply chains, and favorable prices are key growth factors of the eggs industry. The eggs industry in North America was responsible for around 75% of the volume demand share in 2020. A small change in the eggs industry will have a massive effect on the demand pattern of molded pulp products. Demand for eggs will increase as people around the world will shift their focus from other animal proteins to eggs. This change will be primarily attributed to the low cost of eggs and their availability.

North America Market, By Material

North America Molded Pulp Packaging Market, By Process

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Fiber thermoforming segment value was USD 185.6 million in 2020 and will observe around 5% growth rate during the forecast period. The manufacturing stages of thermoformed pulp products are mixing, forming, pressing & drying, trimming, and quality inspection. While producing the final products, various process parameters, such as the molding temperature, pressure, and process time, must be taken into consideration. By controlling the process parameters, the final desired product can be achieved with the required appearance, dimensions, and structural properties.

North America Market, By Product

  North America Molded Pulp Packaging Market, By Product

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The molded pulp trays segment accounted for over 80% volumetric share in the North America market in 2020. Molded pulp is majorly used in the packaging & transporting of eggs and fast-food drinks. Molded pulp trays are the most common form of molded pulps that are widely consumed across the world.

Some of the food items where trays are utilized are beer, wine, fruits, vegetables, etc. In the pharmaceutical industry, it is used to safely transport glass veils and fragile medicines, offering flexibility & strength. In the electronics industry, higher flexibility and the greater assembly factor of molded trays enable it to pack complex & fragile electronics. The wider use of molded pulp owing to its reliability as a packaging material in the transporting of eggs and related items will result in its greater market share.

North America Market, By Country

The U.S. alone generated around 85% revenue in the North America molded pulp packaging market in 2020. This can be attributed to the presence of the largest poultry and agriculture industries in the country. Poultry was the major product consumer in the country and is anticipated to register a healthy demand until 2027.

North America Market, By End-user

The food & foodservice sector is set to reach USD 60 million revenue by 2027, owing to rising income levels and increasing demand for processed food. The major food products in this category include beer, tequila, and baked goods. The SECTUR (the Mexico Ministry of Tourism) is actively taking steps to increase tourism in the country, thereby widening the scope of the already booming hotel & foodservice industry. Growing consumption of processed food will fuel the demand for packaging materials. Increasing usage of recyclable materials in processed food packaging will result in the demand for molded pulp.

 

Frequently Asked Question(FAQ) :

The market size for molded pulp packaging in North America was reached an annual valuation of USD 804 million in 2020 and should expand at a 4.8% CAGR up to 2027 led by the demand for sustainable packaging solutions.
Molded pulp trays segment dominated North America industry with over 80% volumetric share in 2020 due to wide use in packaging and transportation of eggs and fast-food drinks.
U.S. captured over 85% revenue share of North America market in 2020 led by the expanding poultry and agriculture sectors.
The market size for molded pulp packaging in North America from food & food service sector could reach USD 60 million by 2027 led by increasing consumption of packaged and processed foods.

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