Global Mold Pulp Packaging Market Size, Share, Opportunities, And Trends By Product (Trays, Cups, Clamshells, Plates, Splitters), By End-User (Eggs Industry, Agriculture, Food & Food Services, Electronics, Others), By Type (Rotary Mold Pulp, Fiber Thermoforming, Industrial Mold Pulp), And By Geography - Forecasts From 2023 To 2028

The global mold pulp packaging market is expected to grow at a CAGR of 6.23% from US$7.518 billion in 2021 to US$11.475 billion in 2028.

The global mold pulp packaging market is projected to grow at a significant level in the forecast period. A paper-based packaging material known as moulded fiber employs 100% recyclable resources including newspaper, cardboard, water, and other natural fibers. As it is used to construct objects with rounded corners and intricate three-dimensional shapes, it is also known as Mold pulp. Egg cartons are one type of protective packaging. Electronics, automobile components, home items, and pharmaceuticals are all packaged using moulded fibre pulp. Moulded paper pulp breaks down quickly in the soil.

Global mold pulp Packaging Market – Drivers

Mold pulp packaging provides significant cost reductions that can support business sustainability objectives. Utilizing affordable and dependable raw materials helps to keep the price of mold pulp packaging low. The price varies under fluctuations in oil prices because the majority of plastic and foam packaging is derived from petroleum. Mold pulp packaging is widely accessible and reasonably priced since it is made from natural fibres and post-consumer paper products.

Rising customer awareness about RecyclableMaterials

Recently, consumers have become increasingly conscious of the negative effects that excessive plastic waste, especially single-use plastic garbage, has on the environment. A conscious effort pushing people to reduce their usage of plastic has led to an increase in demand for products made of biodegradable materials that are manufactured from leftovers from other products. The mold pulp packaging does the same work without burning a hole in either the manufacturer's or the consumer's pocket. 

Increased Environmental Laws are helping the market to boost

Many governments around the world such as the US, China, India, and others have banned the use of single-use plastic, even for the packaging sector the government has asked producers to find new and innovative products to reduce plastic usage. Additionally, fast-moving consumer product manufacturers are putting greater effort into developing hassle-free, environmentally friendly packaging options that also add value for customers. Superior printing and coating methods have been developed for items made of moulded fibre pulp as a result of technological improvements.

Rising demand for sustainable solutions

Over the past few years, climate change has elevated to a worldwide concern. Globally, corporations are becoming very concerned about sustainability. When it comes to environmental protection, waste generated by the packaging of food, beverages, and consumer goods is one of the essential components of sustainability. Eco-friendly packaging is highly valued by consumers. Sustainability packaging is highly in demand by countries so recycling of the product becomes easier. 

The most frugal alternative to green packaging

Mold pulp packaging provides significant cost reductions that can support business sustainability objectives. Utilizing affordable and dependable raw materials helps to keep the price of mold pulp packaging low. Mold pulp packaging is widely accessible and reasonably priced since it is made from natural fibers and post-consumer paper products. All the older ways of production of green packaging are comparatively costlier than mold pulp packaging. Hence, industries try to lean toward this method of eco-friendly packaging. 

Rising demand for Mold pulp Packaging in the Transportation sector

For the forecast period, the market is expected to develop due to rising demand from the transportation sector for environmentally friendly solutions with superior vibration-dampening and cushioning capabilities. Mold pulp trays are among the most popular types of pulp packaging and are perfect for shipping and delivering goods including fast food beverages, produce, wine, and eggs. These are frequently used across the pharmaceutical industry for the secure transportation of delicate medications and glass veils because of their strength and flexibility. Mold pulp trays are frequently used for basic egg packaging in food industry retail distribution channels.

A rapid increase in the Urban population 

The urban population is increasing in all parts of the world. Urban population is known to have higher spending capacity and the demand for good quality sustainable goods is rising among people residing in cities. The market for mold pulp packaging is anticipated to rise as a result of the expanding urban population, the emergence of the e-commerce packaging sector, and rising public awareness of environmentally responsible packaging.

Asia Pacific is expected to dominate the market in the projected period

For the projection period, the Asia-Pacific area is anticipated to increase dramatically. In the past several years, the region has seen significant expansion in the disposable food service sector, which requires virgin pulp for the production of packaging goods like trays, cups, and clamshells that are in close contact with food items. The food packaging, food service, FMCG, healthcare, and electronics industries in China are seeing a high demand for mold pulp packaged goods, which may further propel the mold pulp packaging market. Worldwide providers of mold pulp and moulded fibre products are also based in China. For instance, Qingdao Xinya Mold pulp Packaging Co. Ltd., a Chinese company, is a major provider of goods like bottled wine carriers, which are in great demand all over the world.

Recent Developments

• In June 2023, The House of Penhaligon's and Knoll Printing and Packaging have partnered to launch an industry-first fragrance coffret. The packaging combines Knoll Ecoform mold pulp and FSC Paper and Board, resembling Penhaligon's iconic bottle in a luxurious and sustainable design.
• In May 2022, to promote a circular economy, Mars integrated recycled material into pet food packaging in collaboration with SABIC and Huhtamaki. In 2021, Mars planned to use food-grade recycled plastic in the packaging of pet food products in collaboration with SABIC and Huhtamaki. This significant move may hasten the company's progress toward its 2025 goals of using 25% less virgin plastic and 30% recycled material.
• In March 2022, Solenis, a top supplier of specialty chemicals, announced cooperation with PulPac, a fiber-forming technology available to converters, brand owners, and partners, to assist establish a new and competitive standard in sustainable packaging. The collaboration will assist Solenis in defining a new, competitive standard for sustainable packaging and a replacement for single-use plastic.

Global Mold Pulp Packaging Market Scope:

Key Segmentation:

• By Product
  • Trays
  • Cups
  • Clamshells
  • Plates
  • Splitters
• By End-User
  • Eggs Industry
  • Agriculture
  • Food & Food Services
  • Electronics
  • Others
• By Type
  • Rotary Mold Pulp
  • Fiber Thermoforming
  • Industrial Mold Pulp
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain    
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others