Molded Pulp Packaging Market Size (2024 - 2029)

Molded Pulp Packaging Market Analysis

The Molded Pulp Packaging Market size is estimated at USD 5.20 billion in 2024, and is expected to reach USD 5.66 billion by 2029, growing at a CAGR of 5.66% during the forecast period (2024-2029).

Rapidly growing demand for convenient and sustainable packaging alternatives, ongoing development of molded fiber products that are more competitive as a plastic alternative, and increasing orders from electronics, food packaging, and healthcare sectors are some of the primary drivers of the molded pulp packaging market.

• As end-user industries such as consumer electronics are witnessing high demand, sustainable packaging products are increasingly used as a protective layer for transporting, benefiting in protection and not causing environmental damage. Moreover, the molded pulp can make several products, such as end caps, clamshell containers, trays, plates, and bowls.
• The expanding egg consumption and production in various economies globally drove the demand for the market studied. In fact, according to PrintWeek, the global consumption of eggs is expected to be nearly 10.3 kg/person by the end of 2030. There is a need to have a sturdy packaging tray that can hold multiple eggs, eventually paving the way for molded pulp packaging.
• Molded pulp packaging offers considerable cost savings that can help corporate sustainability goals. Molded pulp packing costs are kept low using inexpensive and reliable raw materials. As most of the plastic and foam packaging is made from petroleum, the price fluctuates according to changes in oil prices. Natural fibers and post-consumer paper products are used to make molded pulp packaging, which is widely available and affordable.
• Total fiber availability is a concern in the paper industry. Imports increased to 3 million tons, and governments of several countries have adopted import laws and restrictions and increased tariffs and excise levies. Due to a recent container shortage, international liners have raised their prices. The rate for transporting waste papers in a 40-foot container has increased from USD 2,800 to USD 3,600. It was formerly under USD 1,600-1,800.

Molded Pulp Packaging Industry Segmentation

Pulp packaging made from molded pulp is made from various fibrous materials. Raw materials can be recycled paper or cardboard offcuts, or they can be natural fibers. Raw materials are essential in the packaging's color, texture, and physical characteristics. The study covers the molded pulp packaging market tracked in terms of revenue generated from sales of molded packaging products such as trays, bowls and cups, clamshells, and plates, among others. The products covered are only the products made from these materials.

The molded pulp packaging market is segmented by fiber type (recycled fiber and virgin fiber), product type (trays, bowls and cups, clamshells, plates, and other product types), end-user (food packaging, food service, electronics, healthcare, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.