The latest market report published by Credence Research, Inc. “Moulded fibre pulp packaging Market, By Moulded Pulp Type (Thick Walled, Transfer Molded, Thermoformed and Processed Pulp), End Use (Consumer Durables & Electronics Goods, F&B, Personal Care, Healthcare/Medical, Automotive Parts and Others) and By Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global moulded fibre pulp packaging market, is expected to grow at CAGR of 6.0% from 2017 to 2025.
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The global moulded fibre pulp packaging market is witnessing significant momentum owing to the increasing demand for sustainable quality packaging solutions. The worldwide trend to minimize the environmental impact, is expected to cater growth prospects for moulded fibre pulp packaging market. Moreover, moulded fibre pulp packaging is cost effective alternative to expanded polystyrene (EPS), reduces the logistics and shipping costs and offers efficient protection while handling and transportation.
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However, the recycled material or post-consumer waste such as newsprints is majorly used in production of moulded fibre pulp packaging. The newsprints with several recycling times results in short fibre chains with weak strength. This leads towards, limitation in recycling capabilities and performance challenge against its EPS substitute. The manufacturers in such cases, add virgin fibres from bamboo, sugarcane etc. in order to improve its mechanical strength and performance. Although, the moulded fibre pulp packaging accounts highest share in F & B packaging, the personal and health care end-users are growing at a faster pace. For instance, packaging for soaps, beauty creams & products in personal care segment and medical kits in health care segment are attractive revenue generators.
The key players present in this market are HUHTAMAKI GROUP, UFP Technologies, Inc., Brødrene Hartmann A/S and Pactiv LLC among others. To maintain dominance in this market companies are adopting various merger/acquisition strategies coupled with launch of innovative products for various end-users. Furthermore, expansion in capacities at key geographical areas such as Asia Pacific and African countries are some of the other strategies adopted by the market players to capitalize on regional opportunities.
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- Increasing adoption of bio-degradable packaging solutions
- Moulded fibre pulp is moving forward beyond F&B packaging
- Addition of various natural virgin fibres to offer competitive performance
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