Molded Fiber Pulp Packaging Market
Molded fibre, also known as moulded pulp, is a type of packaging material made of wood pulp, recycled paperboard, and/or newsprint. Products made from recycled materials can be recycled after they have served their purpose. Molded fiber has several properties that make it useful for protective packaging in a variety of industries, including food service trays and beverage carriers, as well as electronics.
The global expansion of e-commerce, courier, and food delivery services will drive the moulded fiber pulp packaging market over the forecast period. Price fluctuations in wood pulp are expected to limit demand for moulded fiber packaging over the forecast period. Growing R&D investment, particularly in emerging economies, provides an opportunity for the moulded fiber packaging market to expand in the future. Maintaining standard quality will be a challenge for the moulded fiber packaging market in the near future.
Moulded fiber/ pulp packaging is a cost-effective alternative to other types of packaging, which is a major driver of the global moulded fiber pulp packaging market. Another advantage of this packaging type is that it is more durable in humid and hot environments. The vibration absorption capability of moulded fiber/ pulp packaging is also superior to that of other types of packaging. The ease of handling of moulded fiber pulp packed product and the material's environmental friendliness have led to its use as a plastic substitute, which is expected to drive the growth of the global moulded fiber pulp packaging market. Stringent regulations, as well as a growing emphasis on sustainable development by food and beverage and consumer product manufacturers, are expected to drive the growth of the global moulded fiber pulp packaging market.
Players active in the market are UFP Technologies, Inc., ESCO Technologies Inc., Huhtamaki Oyj, Brodrene Hartmann A/S, Henry Molded Products, Inc., ProtoPak Engineering Corporation, EnviroPAK Corporation, Pacific Pulp Molding, LLC, Keiding, Inc., FiberCel Packaging, LLC, Guangxi Qiaowang Pulp Packing Products Co, Ltd., Guangzhou NANYA Pulp Molding Equipment Co., Ltd., Pactiv LLC (Reynolds Group Holdings Ltd.), Spectrum Lithograph, Inc. and Dynamic Fibre Moulding (PTY) Ltd.