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Development Status and Trends of Pulp Molding Industry

Time : 2023-06-14 Hits : 26

1.The Current Status and Trends of International Market Development

According to data from international consulting agencies, the global pulp molding market was valued at around 3.5 billion USD in 2020. Among them, Grand View Research (GVR) reported a value of 3.811 billion USD, while Global Market Insights (GMI) reported a value of 3.233 billion USD.

2.Regional market distribution analysis

2020 Global Pulp Molding Market Size and Share by Major Regions are shown in Figure 1. According to Figure 1, the Asia-Pacific region has the largest pulp molding market size, approximately ranging from $1.4 billion to $1.6 billion, accounting for 41% to 43% of the market. The main producing countries in this region are China, India, Japan, Australia, Indonesia, and Malaysia. The second largest region is North America, with a market size of approximately $800 million to $900 million, representing 24% to 26% of the market. The primary countries in this region are the United States and Canada. Europe has a slightly lower market size compared to North America, ranging from $700 million to $900 million, with a market share of 18% to 22%. The main countries in Europe include Germany, the United Kingdom, France, Spain, Italy, and Russia. The Latin American region has a market size of approximately $200 million to $300 million, accounting for 7% to 8% of the market. The primary countries in this region are Brazil, Mexico, and Colombia. The Middle East and Africa have a market size of around $200 million, representing 5% to 6% of the market. The main countries in this region are Saudi Arabia, South Africa, and the United Arab Emirates.

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3.Market Analysis by Different Categories.

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Product Categories: The largest market size is for large area tray products, reaching $1.593 billion, accounting for 41.8%. The next categories are end caps and flip-top products, with $675 million and $579 million respectively, representing approximately 17.7% and 15.2%. Bowl and cup products also hold a significant share at $526 million, accounting for 13.8%. Regular flat trays and other products have relatively smaller shares, amounting to $183 million and $255 million respectively, representing 4.8% and 6.7% each.

 

Application Areas: The highest usage is in food packaging, valued at $1.711 billion, accounting for 44.9%. The next category is restaurant packaging, with $914 million, representing 24.0%. Electronics products account for $488 million, or 12.8%. Medical and healthcare packaging amounts to $396 million, making up 10.4%. Industrial packaging reaches $217 million, accounting for 5.7%. Other categories represent $84 million, or 2.2%. 

4. International Market Development Trends.

According to forecasts, the pulp molding market is expected to experience rapid growth in the future. Grand View Research predicts that the global pulp molding packaging market will reach $6.1209 billion by 2028, showing a fast-growing trend. Global Market Insights estimates that the global pulp molding packaging market will reach $4.481 billion by 2027, with a compound annual growth rate exceeding 5.1% from 2021 onwards. Overall, the global pulp molding market is projected to be between $5 billion and $6 billion by 2028, with a market growth potential of $1.5 billion to $2 billion over the next eight years.

 

The scale and growth potential of the global pulp molding market in different categories by 2028 can be seen in Figure 3. According to the figure, the Asia-Pacific region has the highest growth potential, with a market growth of $1.138 billion by 2028, reaching a market capacity of $2.705 billion. North America and Europe follow closely behind. Tray products have the highest demand space, with a market growth capacity of $926 million by 2028, reaching $2.516 billion. This is followed by flip-top and end-cap products, as well as bowls and cups. In terms of application areas, the food packaging sector has the largest development potential, with a market growth space of $940 million by 2028, reaching $2.650 billion. Next is the catering packaging sector, with a market growth space of $587 million by 2028, reaching $1.506 billion.

 

In terms of different raw materials, wood pulp is the main material for international pulp molding products, with a market growth potential of $1.894 billion by 2028, reaching $5.184 billion. Non-wood pulp pulp molding products have a market growth potential of $415 million, expected to reach $936 million by 2028.

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5. The international market is trending towards paper instead of plastic.

According to forecasts, the pulp molding market is expected to experience rapid growth in the future. Grand View Research predicts that the global pulp molding packaging market will reach $6.1209 billion by 2028, showing a fast-growing trend. Global Market Insights estimates that the global pulp molding packaging market will reach $4.481 billion by 2027, with a compound annual growth rate exceeding 5.1% from 2021 onwards. Overall, the global pulp molding market is projected to be between $5 billion and $6 billion by 2028, with a market growth potential of $1.5 billion to $2 billion over the next eight years.

 

The scale and growth potential of the global pulp molding market in different categories by 2028 can be seen in Figure 3. According to the figure, the Asia-Pacific region has the highest growth potential, with a market growth of $1.138 billion by 2028, reaching a market capacity of $2.705 billion. North America and Europe follow closely behind. Tray products have the highest demand space, with a market growth capacity of $926 million by 2028, reaching $2.516 billion. This is followed by flip-top and end-cap products, as well as bowls and cups. In terms of application areas, the food packaging sector has the largest development potential, with a market growth space of $940 million by 2028, reaching $2.650 billion. Next is the catering packaging sector, with a market growth space of $587 million by 2028, reaching $1.506 billion.

 

In terms of different raw materials, wood pulp is the main material for international pulp molding products, with a market growth potential of $1.894 billion by 2028, reaching $5.184 billion. Non-wood pulp pulp molding products have a market growth potential of $415 million, expected to reach $936 million by 2028.