Published Date: 2021-06-14
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APAC Molded Pulp Packaging Market size is anticipated to cross USD 1.80 billion by 2027, according to a latest forecast report by Graphical Research.
The Asia Pacific molded pulp packaging industry growth is owing to the growing demand for packaging products, which are environment-friendly coupled with the rising stringent environmental regulations. Molded pulp offers versatility and is a formidable material for a variety of products ranging from fragile eggs to sturdy mechanical parts. Molded pulp is produced by using recycled wood and non-wood materials such as newsprints, paper board, etc. Molded pulp business is impervious to the highs and lows of the plastic market due to fluctuations in oil prices. These trends will cumulatively play a significant role in the growth of the molded pulp business over the forecast period.
The increasing demand for packaged goods has boosted the consumption of molded pulp packaging across the Asia Pacific region. Many companies are substituting environmentally friendly packaging materials, such as molded pulp, for traditional packaging materials, which is further projected to offer new growth opportunities to industry growth. As large corporations are trying to introduce sustainable business practices and adopting eco-friendly policies, the product demand is expected to rise. Many food & beverage companies changed their packaging materials to recyclable materials. For instance, PepsiCo is experimenting with molded pulp rings as a recyclable alternative to plastic rings on its trademark drink.
Browse detailed statistical insights from the report, “Asia Pacific Molded Pulp Packaging Market Forecast 2027 By Material (Rotary Molding Pulp, Fiber Thermoforming, Industrial Molding Pulp), By Product (Trays, Cups, Clamshell, Plates, Splitters), By End-User (Eggs, Agriculture, Food & Food Service, Electronics, Appliances, Other Industrial), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1862/asia-pacific-molded-pulp-packaging-market
The trays segment growth is on account of the growing food & beverage industry across the region. Molded pulp is majorly used for packaging & transporting eggs and fast-food drinks. Molded pulp trays are the most common form of molded pulps that are widely consumed across world. Some of the food items where the trays are utilized are beer, wine, fruits, vegetables, etc. The clamshells segment is projected to grow significantly in the upcoming years. Clamshells are molded pulp containers that have a variety of closing and sealing designs such as snaps, self-locking tabs, or have a friction fit. They are mostly used to pack foods such as fast food & homemade foods and takeaway meal service (such as chilaquiles, burgers, enchiladas, tacos, tamales, salads, fries, & meat). In the food service industry, clamshells are gaining traction on account of their greater degree of packaging, without affecting the taste & texture of the contained food.
In 2020, rotary molded pulp held the largest share of 55% of the market attributed to its unique & wider benefits. A heated pulp filled mold is slowly rotated in the rotary molding process, causing the material to uniformly scatter and create a smooth molding pulp. Its production is simple to operate and maintain. Additionally, it provides benefits such as high molding productivity, requires less energy, and has a lower production cost. It also has easy mold tooling interchangeability and a faster setting time.
The eggs industry is the sole largest consumer of molded pulp packaging. Molded pulp has become a standard for the eggs industry as most consumers are now choosing molded pulp for packaging over any other options. The growth in eggs demand as well as increasing per capita consumption of molded pulp packaging is increasing rapidly. Furthermore, more people are consuming eggs than ever owing to low prices, economic growth, and abundant availability. Strong growth in eggs consumptions will drive product demand in the coming years.
The Asia Pacific molded pulp packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Material
Asia Pacific Market, By Product
Asia Pacific Market, By End-User
The above information has been provided for the following countries:
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