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European Molded Pulp Packaging Market revenue to hit $1.1 Bn by 2027
Published Date: 2022-05-24
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European Molded Pulp Packaging Market size is estimated to surpass USD 1.1 billion by 2027, according to a latest forecast report by Graphical Research. The adoptability of new technologies, government rules & regulations on sustainability, and focus on a cyclic economy are set to drive the market growth.
The European Union implemented the European Green Deal program to tackle issues such as climate change, global warming, and environmental degradation. The program aims to deliver a modern, resource-efficient, and cyclic economy in Europe. Many European countries including Germany, the UK, France, and Italy are focused on sustainable manufacturing and waste management. This factor will increase the molded pulp packaging solutions demand in the region as they are 100% biodegradable and zero-waste products.
The growing electronics retail & fast-moving consumer goods sector in the region requires packaging at a high level. These products are fast selling and need to be transported to various locations, thus protective packaging is much needed. Packaging is also an essential part of the marketing and promotion of any product. Hence, with the use of various types of molded pulp material, packages are made with the required texture and hardening. This factor influences the demand for molded pulp packaging products. For instance, inserts, splitters & end caps are widely used in the packaging of electronics and consumer goods products.
Pulp packaging products made with water and cellulose fiber have high strength compared to others. Hence, fiber thermoforming will have a huge demand in the market as it uses natural fibers, recycled paper, and cardboard as raw materials, which are more cost-effective than their substitutes, i.e., bioplastics. This method produces advanced fine thin-walled packaging products. Additionally, this fiber thermoforming is extra economically priced and can produce multiple packaging solutions in minimal duration. Fiber thermoforming segment generated around USD 214 million revenue in 2021 and will grow at a CAGR of 5.6% during the forecast period. The rising trend of online shopping and online food ordering in the region resulted in an increased demand for high strength and water-repellent packaging solutions, which eventually resulted in the increasing usage of fiber thermoforming pulp products.
Browse detailed statistical insights from the report, “Europe Molded Pulp Packaging Market Forecast 2028 By Product (Trays, Cups, Clamshells, Plates, Splitters), By Type (Rotary Molding Pulp, Fiber Thermoforming/Wet Press, Industrial Molding Pulp/Dry Press), By End-user (Eggs, Agriculture, Food & Foodservice, 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) @
The Europe molded pulp packaging market from plates segment held over USD 7.6 million revenue in 2021 and will witness 5% CAGR till 2028. A molded pulp plate is easy to manufacture in any required size & shape and is a cost-effective replacement for traditional metal & plastic plates. Moreover, the growing demand for textured and designer plates will further boost the market penetration.
The agro sector valued at USD 23 million revenue in 2021 and will surpass USD 34 million by 2028. Innovative design, economic pricing, environmental-friendly solutions, and availability are some of the contributing factors that are positively impacting product penetration in the agro sector.
France molded pulp packaging market dominated more than 15% revenue share in 2021. Zero waste initiatives and the adoption of the European green deal by the French government to create a cyclic economy are noticeably boosting the penetration of molded pulp packaging in France. Additionally, the demand for sustainable & recyclable packaging products is rising continuously in France.
The European 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 2017 to 2028 for the following segments:
Europe Market, By Product
Europe Market, By Type
- Rotary Molding
- Fiber Thermoforming/Wet Press
- Industrial Molding Pulp/Dry Press
Europe Market, By Industry
- Food & Foodservices
- Other Industrial
The above information has been provided for the following countries: