One of the main factors anticipated to propel market growth over the forecast period is the rising demand for moulded fibre pulp packaging as protective packaging, such as nursery pots, floral containers, food trays, and beverage containers. Another important factor is the rise in the number of new wood-fiber based packaging solutions being introduced. Fast-moving consumer goods manufacturers are putting more effort into giving hassle-free, environmentally friendly packaging options that also add value for customers. Superior methods for printing and coating on moulded fibre pulp goods have been developed as a result of technological advancements. Growing demand for protective packaging made of moulded fibre pulp, such as baby bottles, flower vases, food trays, and beverage containers, is predicted to cause the market to grow. Furthermore, over the course of the forecast period, the market is expected to grow due to increasing demand from the transportation sector for environmentally friendly solutions with superior vibration dampening and cushioning properties. In terms of area, Europe dominated the market in 2021 and is anticipated to continue to do so throughout the forecast period.
According to Coherent Market Insights, In terms of revenue, the global market for Molded Fiber Pulp Packaging was estimated at US$ 8,529.2 million in 2021, growing at a CAGR of 6.2% over the projection period (2022 to 2030).
Market Players in the Molded Fiber Pulp Packaging Industry:
1. UFP Technologies, Inc.,
The business was established in 1963 and is located in Massachusetts, United States. The business creates components, subassemblies, finished goods, and packaging using highly specialised foams, films, and plastics, primarily for the medical market. Contech Medical was purchased by UFP Technologies in October 2021. UFP Technologies purchased DAS Medical in December 2021. In Tijuana, Mexico, UFP Technologies launched a brand-new medical production facility in June 2022.
2. ESCO Technologies Inc.
The business was founded in 1995 and has its headquarters in St. Louis, Missouri, United States. Engineering-based goods and solutions are offered by ESCO Technologies Inc. For water, gas, and electric utilities, the company offers specialised communications tools. ESCO Technologies Inc. made the announcement in August 2021 that it had purchased the assets of Phenix Technologies, Inc. as well as I.S.A Altanova Group S.R.L.
3. Huhtamaki Oyj
The business was established in 1920 and has its headquarters in Espoo, Finland. The business offers food packing, throw-away containers, cereal boxes, and fruit packaging for fast service restaurants, coffee houses, department shops, vendors, and vending machine operators. Huhtamaki purchased Hihio-Art Packaging and Elif in 2021, two manufacturers of flexible packaging with locations in Turkey and Egypt. Huhtamaki purchased the joint venture it had created in 2018 with the Polish Smith Anderson Group in January 2022.
4. Brodrene Hartmann A/S,
The business was founded in 1917 and is based in Gentofte Municipality, Denmark. Egg and fruit packaging, as well as packaging for consumer electronics and home appliances, are all part of the company's product line. The packaging is made from recycled papers. Together with core boards, Hartmann also produces liners. The business markets its goods globally and produces them in a number of nations.
5. Keiding, Inc.
The business was established in 1939 and has its headquarters in Milwaukee, Wisconsin. Keiding, Inc. creates unique Type-1 Heavy-Wall moulded pulp solutions of the highest calibre for protective packaging applications. A second factory, situated near Menomonee Falls, will be added to Keiding, Inc.'s activities in June 2022.
6. Pacific Pulp Molding, LLC,
The company was established in 1997 and is headquartered in San Diego, California, United States. A company that uses renewable energy, Pacific Pulp Molding develops the best green packaging opations. The acquisition of Pacific Pulp Molding, Inc. by Specialized Packaging Group was finalised in October 2022.
7. EnviroPAK Corporation
The firm was established in 1995 and has its headquartered in Missouri, United States. Molded pulp packaging options are offered by Enviropak Corporation. The business provides brick-and-mortar stores, manufacturing tooling, prototypes, and design services. EnviroPAK is a producer of protective moulded pulp packaging.
*Definition: Paper-based packaging known as "moulded fibre" makes use of other natural fibres, water, and newspaper and cardboard that are completely recyclable. Due to its use in creating elaborate, rounded-cornered three-dimensional things, it is often referred to as "moulded pulp."
