ACCESS Newswire
21 Jan 2021, 20:13 GMT+10
Participants in the molded fiber pulp packaging market are leveraging strict regulations imposed by many countries against the use of plastics to provide sustainable alternatives.
DUBAI, UAE / ACCESSWIRE / January 21, 2021 / The molded fiber pulp packaging market is anticipated to grow steadily reaching a substantial US$ 13 billion by the end of 2030. The coronavirus pandemic is likely to negatively impact the short-term prospects of the molded fiber pulp packaging market. Reduced demand in automotive, logistics, cosmetics, and the food service sectors are likely to hurt market players. However, the market is likely to display steady recovery towards 2021 as governments take steps to gradually relax lockdown regulations in the near future.
'Molded fiber pulp packaging provides superior compression, thermal, and shock resistance in addition to a number of protective functions which is generating scope of niche applications amidst electronics manufacturers contributing to long term prospects of the industry,' says the FMI study.
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Molded Fiber Pulp Packaging Market - Leading Takeaways
Molded Fiber Pulp Packaging Market - Growth Factors
Molded Fiber Pulp Packaging Market - Constraints
Expected Impact on Market by Coronavirus Outbreak
The coronavirus pandemic has had an adverse impact on the molded fiber pulp packaging market. Lockdown restrictions on automotive, electronics, food service, and other end use industries has hurt short term demand.
Also, changes in consumer spending aimed towards essential commodities has also limited demand during the crisis. On the other hand, applications in the healthcare packaging sector, and food packaging sector for retail will provide sales opportunities, which will help to minimize losses, and aid a faster recovery in the months ahead.
Explore data on the molded fiber pulp packaging market with 78 figures, 114 tables and the ToC. You will also find market segmentation on https://www.futuremarketinsights.com/ask-question/rep-gb-2900
Competition Landscape
Some of the leading manufacturers participating in the molded fiber pulp packaging market are UFP Technologies Inc., Henry Molded Products Inc., ESCO Technologies Inc., Brodrene Hartmann, EnviroPAK Corporation, ProtoPak Engineering Corporation, Huhtamaki Oyj, Keiding Inc., and Pacific Pulp Molding LLC among others.
Leading players in the molded fiber pulp packaging market have been increasingly interested in expanding portfolios in addition to strategic collaborations to widen scope of expertise and applications for their offerings.
For instance, Acorn Pulp Group - a joint venture between strategic investors and Oak Paper Products Co. is acquiring a cutting-edge molded fiber manufacturing machine from Southern Molded Pulp and Molded Fiber Technologies, to improve production in tech, agriculture, food and medical sectors. Also, HP has partnered with Pulp Molding Dies Inc. to unveil HP Molded Fiber Advanced Tooling Solution for electronic packaging applications. Further, Sonoco has announced the acquisition of TEQ Thermoform Engineered Quality to merge manufacturing locations around the world including molded fiber products.
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More on the Report
FMI's provides in-depth insights on the molded fiber pulp packaging market. The market is segmented in terms of product type (trays, drink carriers, boxes, end caps, plates, bowls, cups, clamshell containers), application (primary packaging, secondary packaging, and edge protectors), molded pulp type (thick wall, transfer molded, thermoformed fiber, and processed pulp), and end use (CDEG, Food & Beverage, Cosmetics, Food Services, Healthcare, Automotive, Logistics, and others) across seven regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa).
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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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United Arab Emirates
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Report: https://www.futuremarketinsights.com/reports/moulded-fibre-pulp-packaging-market
Press Release Source: https://www.futuremarketinsights.com/press-release/moulded-fibre-pulp-packaging-market
SOURCE: Future Market Insights
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