Molded Pulp Packaging Market

Molded pulp packaging is used for beverages, cereal bars, snack foods, pharmaceuticals, and other products. It has advantages such as fast production and simple dispensing. The market has been divided into two types: natural fiber and synthetic fiber. The market is further classified as rigid and flexible.

The rigid molded pulp packaging market is dominated by polypropylene (PP) and polyethylene (PE). Because of its low weight and high flexibility, PETG is the market leader in flexible molded pulp packaging. PP, on the other hand, dominates the rigid developed pulp packaging market due to its high strength and heat resistance.

Between 2018 and 2031, the molded pulp packaging market is expected to grow at a **% CAGR. The main reason for this increase is increased demand for grocery products increasing demand for recycled paper. The major players in this market are developing new and innovative products to meet the growing demand from end users. Sustainable materials and green packaging products are among the key developments in this market.

The market for molded pulp packaging is rapidly expanding due to the growing popularity of eco-friendly and sustainable packaging materials. The market is divided into rigid and flexible packaging based on the material used. Carbonized paper dominates the rigid packaging segment, while flexible packaging is expected to grow faster in revenue.

The rigid packaging segment will account for over two-thirds of total market revenue by 2021. The growth prospects for this segment are fueled by increasing consumer demand for eco-friendly and sustainable materials that are safe to handle and easy to store. Also, improvements in how products are made and designed bring down prices and make these materials more affordable for consumers.

The flexible packaging segment is expected to multiply due to rising consumer preference for easy-to-open and handle packaging. These materials are used in soft drinks, fruit juice, confectionery items, snack foods, dairy products, poultry products, vitamins, etc. Furthermore, technological advancements in 3D printing are assisting in the growth of this segment.

Some major players operating in the molded pulp packaging market are ABB Ltd., Amorfo Group PLC, Archer Daniels Midland Company, Berry Plastics Corporation, BASF SE, Clariant AG, Dow Chemical Company, Enzo Biochem S.p.A., Evonik Industries AG, ExxonMobil Corporation, Formosa Plastics Corporation, and Inmet Corporation.