Molded Pulp Packaging Machinery Market to Surpass US$570.8 Million by 2022 as Demand for Environmentally Friendly Disposable Packaging Grows: Future Market Insights, Inc.
Growing demand for molded pulp packaging machines in the food and beverage industry to drive sales. 2 out of 5 molded pulp packaging machine sales will be contributed by trays. The U.S. molded pulp packaging machine market is expected to grow at a CAGR of 5.0% in 2022-2032
NEWARK, Del., August 10, 2022 /PRNewswire/ — According to Future Market Insights (IMF), the molded pulp packaging machine market should extend to 3.4% CAGR between 2022 and 2032, exceeding US$797.1 million by 2032. Molded pulp packaging machines recycle paper or cardboard into trays, shells, boxes, plates, etc. and help customize products as needed.
The molded pulp machine ensures that the products are produced efficiently and are less expensive compared to other packaging solutions. Molded pulp is a sustainable packaging solution and is produced from recycled materials.
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Molded pulp packaging machines are used by various industries such as food and beverage, electrical and electronics, etc., as they can produce packaging products very cost effectively and help to reduce the company’s carbon footprint. Moreover, the increasing concerns due to single-use plastic have also increased the demand for molded pulp packaging machines.
Main takeaways from molded pulp packaging machines Market
In terms of application, the tray segment is expected to grow at a CAGR of 4.2% CAGR over the forecast period.
South and East Asia are expected to witness the highest growth in the global molded pulp packaging machine market through 2022 and beyond.
Based on machine type, the automatic machine segment is expected to experience the fastest growth over the assessment period.
Sales of molded pulp packaging machines in the food and beverage sector are expected to increase by 1.4x during the forecast period.
“Manufacturers are trying to increase their market share by developing advanced and automatic machines for the production of molded pulp applications to meet the growing demand for durable and convenient packaging.” – says the IMF analyst
Increase in initiatives to reduce the use of plastic packaging to drive the molded pulp packaging machine market
Governments around the world have tightened the rules due to growing concerns about the environment. One of the main challenges facing the packaging industry is the harmful effects of single-use plastic.
The government and various other organizations around the world have stepped up efforts to reduce plastic as a packaging material. For example, India’s Ministry of Environment, Forests and Climate Change has banned the manufacture, import and sale of single-use plastic items.
Due to these strict restrictions, manufacturers are opting for molded pulp packaging as it is a sustainable packaging option. Thus, an increase in the demand for molded pulp packaging due to growing environmental concerns is expected to increase the demand for molded pulp packaging machinery.
molded pulp packaging machines Market landscape
Huhtamaki Oyj, TRIDAS, Eurasia United Equipment Group Co., Ltd (EAMC), Brødrene Hartmann A/S and Beston Group Co. ltd. are the key players operating in the global molded pulp packaging machinery market. Also, some of the notable players operating in Molded Pulp Packaging Machinery are Inmaco, PulPac, BeSure Technology Co., Ltd., HGHY PULP MOLDING PACK CO., LTD, Southern Pulp Machinery (Pty) Ltd, ZH MOLDED PULP CO., LTD., Taiwan Pulp Molding Co., Ltd, Parason, Maspack Limited, SODALTECH, DKM Manufacturing, Inc., HCMP and others.
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molded pulp packaging machines Market report
Future Market Insights in its new report offers an unbiased analysis of the global Molded Pulp Packaging Machinery market, analyzing the historical demand from 2015-2021 and forecast statistics from 2022-2032. The study reveals market growth projections on molded pulp packaging machines based on machine type (automatic, semi-automatic and manual), application (trays, cups, shells, boxes, plates and media) and end-use industry (food and beverage, healthcare, electrical and electronics, automotive, personal care and cosmetics, and consumer durables) across seven regions.
About Future Market Insights Packaging Division
Future Market Insights packaging division provides in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs and formats, Future Market Insights has an extensive database for these verticals, providing clients with unique research offerings and strategic recommendations. With a repository of over 1,000 reports, the team has comprehensively analyzed the packaging industry in over 50 countries. The team assesses each node of the value chain and provides end-to-end research and advisory services; reach out to explore how we can help you.
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Molded Pulp Packaging Machine Market by Category
By machine type:
By end-use industry:
Middle East & Africa
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About Future Market Insights (IMF)
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides detailed information on the driving factors that increase the demand in the market. It reveals opportunities that will drive market growth in various segments based on source, application, sales channel, and end-use over the next 10 years.
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SOURCE Future Market Outlook