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North American Molded Pulp Packaging Market size to cross $1.09 Bn by 2027
Published Date: 2021-11-24
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North American Molded Pulp Packaging Market size is expected to reach USD 1.09 billion by 2027, according to a latest forecast report by Graphical Research. The market growth will be driven by growing egg production in the region as molded pulp clamshells and trays are highly used in egg packaging and transportation.
Molded pulp products, also known as molded pulp or molded fiber products, are primarily used to package manufactured products or food-related carriers such as food containers and trays. Currently, the use of molded pulp as a green statement has broadened its applications in many industries and fields. Many end-use industries are evaluating their packaging needs and sustainability. For instance, Seventh Generation launched a new laundry-detergent bottle that uses molded pulp in the structural part of the container while the detergent itself is contained in a plastic lining, thus the use of plastics is reduced by 50%.
In the future, the demand for sustainable packaging including molded pulp will grow significantly due to rising consumer awareness. A positive regulatory environment along with the growing product penetration in packaging applications will fuel the North America molded pulp packaging market growth.
The molded pulp clamshell segment was valued at over USD 75 million revenue in 2020 and is expected to grow at a CAGR of 5% in the next few 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. Some of the other varieties utilize adhesive, labels, staples, and pressure-sensitive tapes while some are heat-sealed. A clamshell is a single-body container that safely secures the inside material. It is 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 foodservice industry, clamshells are gaining traction on account of their greater degree of packaging without affecting the taste & texture of the contained food.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
The industrial molding pulp segment will surpass USD 150 million mark by 2027 attributed to its properties such as accurate size, large density, high mechanical strength, and lower shrinkage. On the other hand, the processing of dry press products is complex and possesses uneven material shrinkage with a greater possibility of patchy layering. These trends have resulted in a lower share of dry press-molded pulp products in the North America molded pulp packaging market and are expected to continue in such a manner over the forecast period.
Other applications of molded pulp include industrial manufacturing, mining, and renewable energy. Molded pulp is used in a limited capacity in these industries owing to the greater advantages of plastic. In industrial manufacturing, the demand for molded pulp products is limited to small and medium-scale component packaging. They are not suitable for larger component packaging; hence, have limited penetration in the manufacturing market. Similar trends are observed in the case of mining and renewable energy. In mining, molded pulp has a minuscule penetration, which is limited to its use in the packing of secondary tools while transporting equipment.
The North American 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:
North America Market, By Product
North America Market, By Type
- Rotary Molding
- Fiber Thermoforming
- Industrial Molding Pulp
North America Market, By Application
- Food & Foodservice
The above information has been provided for the following countries:
- North America