{"id":514933,"date":"2020-11-02T16:28:01","date_gmt":"2020-11-02T16:28:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=514933"},"modified":"2020-11-02T16:28:01","modified_gmt":"2020-11-02T16:28:01","slug":"molded-fiber-pulp-packaging-market-to-surpass-us-8-bn-mark-by-the-end-of-2020","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/molded-fiber-pulp-packaging-market-to-surpass-us-8-bn-mark-by-the-end-of-2020_514933.html","title":{"rendered":"Molded Fiber Pulp Packaging Market to surpass US$ 8 Bn mark by the end of 2020"},"content":{"rendered":"
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Future Market Insights<\/div>\n<\/div>\n<\/div>\n
Molded Fiber Pulp Packaging Forays Beyond Egg-Trays to Find Applications Across a Motley of End-Use Industrial Verticals, Infers FMI<\/div>\n

The <\/strong>global molded fiber pulp packaging market <\/a>is slated to surpass the US$ 8 Bn mark by 2020-end, creating a new value opportunity of US$ 300 Mn annually until 2025.<\/p>\n

Molded fiber pulp packaging is now shedding its perception as being only suitable for manufacturing egg-trays to being applicable as an essential raw material across mainstream packaging. The market has experienced a tectonic shift to incorporate food processing, electronics manufacturing <\/strong>and pharmaceutical packaging within its ambit, amongst other sectors.<\/p>\n

FMI estimates the global molded fiber pulp market to emerge as a cash cow during the upcoming forecast, generating an opportunity of US$ 2 Bn by the end of 2030. Various innovative applications such as manufacturing molded pump coolers, disposable urinals, Plaster of Paris displays and flower pots have catapulted revenue prospects for the future.<\/p>\n

However, impediments are slated to hamper growth prospects for most of 2020 due to the coronavirus pandemic. Since the pandemic’s ascent, the packaging industry has registered sluggishness, induced by the cessation of production activities across key end-use industries. Due to falling demand, sales of molded fiber pulps shall register a downturn for a while. Recovery is anticipated starting in the fourth quarter of 2020.<\/p>\n

For more insights into the Market, request a sample of this report@ <\/strong>https:\/\/www.futuremarketinsights.com\/reports\/sample\/rep-gb-2900<\/a><\/p>\n

Key Takeaways from FMI’s Report on Molded Fiber Pulp Packaging Market<\/strong><\/p>\n