Molded Pulp Packaging Market size was valued at USD 3.55 billion in 2024 and is set to reach USD 10.19 billion by the end of 2037, expanding at around 8.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of molded pulp packaging is assessed at USD 3.79 billion.
The growth of the market can be attributed to the proactive effort by the government to reduce plastic in all sort of applications including packaging. This step is likely to open more opportunities for molded pulp packaging. The Indian government proposed the Plastic Waste Management Amendment Regulations in 2021 to forbid some single-use plastic products by 2022.
In addition to these, factors that are believed to fuel the growth of molded pulp packaging market include the rise in harmful packaging waste from the healthcare industry. On the other hand, the harmful material can be replaced by molded pulp as they are toxic-free and becomes convenient for manufacturing safe medical packaging. Around 20% to 25% of the 14 000 tons of garbage produced daily in US healthcare facilities is plastic yet, around 91% of plastics, including those used in healthcare, are not recycled and either end up in landfills or have gotten into the environment. Besides this, the rising use of packaged food, water, and beverages is also expected to boost market growth.
Growth Drivers
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
8.4% |
|
Base Year Market Size (2024) |
USD 3.55 billion |
|
Forecast Year Market Size (2037) |
USD 10.19 billion |
|
Regional Scope |
|
End-user (Food Packaging, Manufacturing, Electronics, Healthcare)
The molded pulp packaging market is segmented and analyzed for demand and supply by end user into food packaging, manufacturing, electronics, and healthcare. Out of the four end users of molded pulp packaging, the food packaging segment is estimated to gain the largest market share in the year 2037. The growth of the segment can be attributed to a rise in the number of people using online food services. By 2027, it is anticipated that almost 2,600 million people would order food online around the world. Besides this, the high non-renewable waste generation from the food packaging industry is also anticipated to augment the segment growth. In the United States, food packaging materials account for around 63% of the millions of tons of solid trash that are produced there. Moreover, in 2018 the United States manufactured close to 2 million tons of aluminum packaging which is a non-renewable packaging material. It can be seen all over the grocery stores from chips bags to soda cans.
Product Type (Trays, Clamshells, Cups, Plates, Bowls)
The global molded pulp packaging market is also segmented and analyzed for demand and supply by product type into trays, clamshells, cups, plates, and bowls. Amongst these five segments, the cups segment is expected to garner a significant share in the year 2037. The growth of the segment is majorly attributed to the rising use of coffee cups which majorly contributes to pollution. In the UK, almost 3 billion coffee cups are used each year and thrown away, besides this just one in every 400 of these cups is recycled. On the other hand, a rising effort by the government to ban single-use plastic for cups is also expected to boost segment growth. The European Commission decided to ban single-use plastics in 2022, including bags, cotton buds, cutlery, food containers, drinking cups, wet wipes, and others.
Our in-depth analysis of the global market includes the following segments:
|
By Molded Type |
|
|
By Product Type |
|
|
By Source |
|
|
By End User |
|
APAC Market Statistics
The Asia Pacific molded pulp packaging market is projected to hold the largest revenue share by the end of 2037. The growth of the market can be attributed majorly to the rising demand for sustainable packaging in the region. Young people between the ages of 20 and 29 show the most excitement and awareness for sustainable consumption, and Chinese consumers between the ages of 30 and 49 have the highest sustainable consumption abilities. Moreover, before purchasing a product, about 24% of Gen Z and millennial consumers in China check the packaging for sustainability. Furthermore, the rising consumption of eggs, for which generally molded paper tray packaging is used, is also expected to drive market growth in the region. In India, millions of people depend on eggs, and the annual consumption of eggs per person climbed from around 86 in 2019–20 to nearly 91 in 2020 - 21.
North America Market Forecasts
The North American molded pulp packaging market is slated to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the rising waste from the packaging industry. According to the United States Environmental Protection Agency, in 2018, 82.2 million tons of municipal solid waste (MSW) were generated, with a large majority of around 28.1% of the total waste being made up of containers and packaging. Moreover, EPA states that containers and packaging goods are presumptively thrown away the same year as the goods in them are purchased.
European Market Forecast
The market in Europe, amongst the market in all the other regions, is projected to hold a significant share by the end of 2037. The growth of the market can be attributed majorly to the rising efforts put in by the government to reduce the waste generated from packaging. According to the European Commission, packaging waste in the EU is expected to rise by 19% by 2030, and by 46% in the case of plastic packaging. Moreover, around 180 kg of packaging waste is produced annually in Europe. While 40% of the plastic and 50% of the paper used in the EU are intended for packaging. European Commission proposed regulations to manage packaging waste, these proposals include that all packaging sold in the EU must be recyclable in a way that is profitable by 2030 in order to promote high-quality recycling.
SABIC announces the collaboration with Mars Petcare and Huhtamaki for pet food packaging. They aim to advance pet food packaging and to give creative solutions to the leading brand of cat food, SHEBA.
Feet area. After this new facility, Sabert will have 4 domestic distribution centers and which is likely to grow the client base of the company in the United States and Western Canada.
Author Credits: Abhishek Anil
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?