Mar 24, 2021   SOURCE: BusinessWire

Worldwide Molded Pulp Packaging Industry to 2026 - Asia-Pacific to Witness High Market Growth - ResearchAndMarkets.com

The "Molded Pulp Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The molded pulp packaging market is projected to record a CAGR of 4.5% during the forecast period, 2021-2026.

Companies Mentioned

  • Maspack Ltd
  • EnviroPAK Corporation
  • Brodrene Hartmann AS
  • Huhtamaki Oyj
  • UFP Technologies Inc.
  • PrimeWare by PrimeLink Solutions LLC
  • Fabri-Kal Corporation
  • Henry Molded Products Inc.
  • Keiding Inc.
  • Sabert Corporation
  • Pacific Pulp Molding
  • ProtoPak Engineering Corporation
  • Celluloses de La Loire
  • E. Molding International

Key Market Trends

Consumption of Eggs Accounts for a Significant Market Share of Trays

Due to the expected increase in the consumption of eggs and fruits in the near future, along with their features, such as low weight and recyclability, the market for trays is expected to grow. Trays are witnessing a high demand for egg packaging.

Further, according to the Bureau of Labor Statistics, the retail price of eggs (grade A) in the United States has been decreasing since 2017. In 2017, 2018, and 2019, the prices of eggs in USD per dozen were USD 1.82, USD 1.6, and USD 1.54, respectively. Due to the low price, the consumption is surging, thus, increasing the demand for molded trays.

Egg trays are protective packaging and are made using recycled newspapers. Molded fiber trays offer good air permeability and hygroscopic ability, which play an important role in egg packaging and storage.

Further, these trays have different product dimensions with different holding capacity (number of eggs per tray). For instance, Teo Seng Capital Berhad provides egg trays with different dimensions, such as Multi-K Plus with a dimension of 296 mm x 296 mm(+/- 3 mm) for large eggs and its compact product with a dimension of 273 mm x 273 mm (+/- 3 mm), especially for smaller eggs.

Also, key vendors offering egg packaging solutions are expanding through organic methods, such as launching new products or expanding their manufacturing capacities. For instance, Huhtamaki developed new egg trays for 30 eggs at its Brazilian manufacturing plant.

Asia-Pacific to Witness High Market Growth Rate

Asia-Pacific is projected to be the fastest-growing region in the molded pulp packaging market. This is attributed to the presence of an increasing number of molded pulp packaging manufacturing units in countries, such as China, India, Australia, Indonesia, and Bangladesh, in Asia Pacific.

China, with its growing food packaging, food service, FMCG, healthcare, and electronics industries, is expected to drive the molded pulp packaging market. Food trays molded from wood or paper pulp are customarily used in most of the retail food markets, particularly for the packaging of fresh meat, poultry, and fish. According to the USDA's Foreign Agricultural Service, in 2019, China's beef production increased, as compared to 2018. This increases the market for trays.

Further, in China, Qingdao Xinya Molded Pulp Packaging Co. Ltd is a global supplier that produces products using molded pulp and molded fiber, such as bottle wine carriers, which have a high number of buyers, globally.

Further, in India, according to IBEF, the Indian e-commerce market is expected to reach a value of USD 200 billion in 2026, from USD 38.5 billion in 2017. This indicates the high demand for electronic appliances, in turn, increasing the production of electronics packing trays and clamshells made using molded pulp.

Also, according to the International Trade Administration, the market size of medical devices in Asia-Pacific is increasing on an annual basis; for instance, in 2019, it was valued at USD 88.6 billion, as compared to USD 82.9 billion in 2018. This provides growth opportunities for companies in Asia-Pacific to manufacture trays and packaging solutions for healthcare devices. Furthermore, players are focusing on autoclavable trays.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Consumers' Preference Toward Recyclable and Eco-friendly Materials

4.2.2 Better Benefit of Cost Saving Compared to Plastic and EPS Packaging

4.3 Market Restraints

4.3.1 Stringent Government Rules and Regulations

4.4 Industry Value Chain Analysis

4.5 Industry Attractiveness - Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Material

5.1.1 Wood Pulp

5.1.2 Non-wood Pulp

5.2 Product

5.2.1 Trays

5.2.2 Clamshells

5.2.3 Plates and Bowls

5.2.4 Cups

5.2.5 Shippers

5.2.6 Other Products

5.3 End User

5.3.1 Healthcare

5.3.2 Consumer Electronics

5.3.3 Food and Beverage

5.3.4 Personal Care

5.3.5 Other End Users

5.4 Geography

5.4.1 North America

5.4.2 Europe

5.4.3 Asia-Pacific

5.4.4 Latin America

5.4.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/rfvwy