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DUBLIN--(BUSINESS WIRE)--Oct 4, 2022--
The "Molded Pulp Packaging Market Size, Share & Trends Analysis Report by Source (Wood Pulp, Non-wood Pulp), by Molded Type (Thermoformed, Transfer), by Product, by Application, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global molded pulp packaging market size is expected to reach USD 9.11 billion by 2030, according to this report, expanding at a CAGR of 7.4% during the forecast period. The growing demand for environment-friendly sustainable packaging by end-users, rising awareness toward waste management, and environmental concern on single-use plastic are attributed to be the key drivers of the market for molded pulp packaging.
The escalated production and consumption of plastic has become a major global environmental problem due to inefficient waste management systems. According to a United Nations Principles for Responsible Investment (UNPRI) report, less than 20% of the world's plastic gets recycled yearly. Plastic is a non-biodegradable substance, resulting in environmental pollution wherein the world's 40% of plastic waste comes from packaging. Therefore, end-use industries are moving toward sustainable packaging approaches, considering this global issue.
Lately, molded pulp packaging was limited to egg trays, and some basic packaging; however, the demand has increased considerably due to its sustainable properties. Molded pulp packaging is completely renewable and biodegradable as it is made from various plant-based fibers.
Also, the National Representative Survey stated that 34% of households conducted grocery shopping online more frequently since the beginning of the pandemic, and 60% of these households planned to continue shopping online after the pandemic ends. The rise in online shopping increased the demand for packaging material for safe delivery. However, shortages of raw materials owing to supply chain disruptions have increased the prices of the packaging products.
Molded Pulp Packaging Market Report Highlights
Market Dynamics
Market Driver Analysis
Market Restraints
Key Topics Covered:
Chapter 1 Methodology And Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends, And Scope
Chapter 4 Molded Pulp Packaging Market: Source Estimates & Trend Analysis
Chapter 5 Molded Pulp Packaging Market: Molded Type Estimates & Trend Analysis
Chapter 6 Molded Pulp Packaging Market: Product Estimates & Trend Analysis
Chapter 7 Molded Pulp Packaging Market: Application Estimates & Trend Analysis
Chapter 8 Molded Pulp Packaging Market: Regional Estimates & Trend Analysis
Chapter 9 Competitive Analysis
Chapter 10 Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/a4748x
View source version on businesswire.com:https://www.businesswire.com/news/home/20221004005766/en/
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KEYWORD:
INDUSTRY KEYWORD: FOREST PRODUCTS PACKAGING NATURAL RESOURCES MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/04/2022 09:42 AM/DISC: 10/04/2022 09:42 AM
http://www.businesswire.com/news/home/20221004005766/en