The global molded fiber pulp cap market size reached US$ 1.16 Bn in 2021 and is likely to touch a valuation of US$ 1.2 Bn in 2022. The overall sales of molded fiber pulp caps are slated to rise at 4.4% CAGR between 2022 and 2032, totalling a valuation of US$ 1.8 Bn by 2032.
Molded Fiber is now being used as protective packaging for a broad range of items, including egg cartons. Lately, molded fiber brand goods have been sold for protective packaging for diverse applications.
Molded fiber brands were used primarily for egg dishes since the 1970s. However, with innovations in product material and design, application area of molded fiber packaging gradually widened.
Get a holistic overview of the market from industry experts to evaluate and develop growth strategies. Download the sample
https://www.futuremarketinsights.com/reports/sample/rep-gb-15586
Today’s moldable fiber is widely used in place of paper and other carbon-fiber derivatives for the production of protective packaging like molded fiber pulp caps. These molded fiber pulp caps are used in the packaging industry due to their insulating properties and ability to dissipate vibration. They enable industries like food & beverages, automotive, electronics, and cosmetics to protect their products from external forces during storage and transportation.
Thus, rising adoption of molded fiber pulp caps across these industries will eventually boost market growth during the forecast period.
Similarly, increasing R&D initiatives targeted at boosting product recycling efficiency is also predicted to promote market expansion during the forthcoming years.
Key Takeaways from Molded Fibre Pulp Cap Market
- Based on molded fibre type, thermoformed segment is expected to grow at 5.1% CAGR during the forecast period, creating an incremental opportunity of US$ 257 Mn.
- By end use, beverage segment is anticipated to expand at 4.7% CAGR between 2022 and 2032.
- The U.S. molded fiber pulp cap market is likely to accelerate at a CAGR of 4.8% during the forecast years 2022-2032.
- The molded fiber pulp cap market in China is expected to accelerate with a CAGR of 7.3% during the forecasted.
- Demand for molded fiber pulp caps in India is anticipated to rise at 7.2% CAGR throughout the forecast period.
“Rising demand for sustainable and protective packaging options, rapid expansion of food & beverage industry, and increasing government initiatives for clean and safe environment are expected to provide impetus to the growth of molded fiber pulp cap market over the next ten years,” says FMI analyst
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-15586
Growth in Packaged Food Segment is Driving the Growth for Molded Fiber Pulp Caps Market
The beverage segment includes businesses in the processing of beverages and packed food materials, packaging, and distribution of food, as well as alcoholic and non-alcoholic beverages. The worldwide food and beverage industry is being propelled ahead by two significant drivers: growing acceptance of ready-to-eat food and a growth in the number of on-the-go customers. Furthermore, increased population and per capita income, as well as changing lifestyles, are boosting the industry. Additionally, increased meat and alcohol consumption, as well as the development of the food supply chain, are all driving factors in the industry’s growth.
Ice cream, waffles, pancakes, ready-to-eat noodles, and yoghurt, among other items, require molded fiber pulp caps for packaging and serving. These commodities are expected to see a significant boost in demand, particularly among teenagers during the forecast period. As a consequence, this factor is predicted to drive market development throughout the forecast period.
Increasing Innovation in Eco-friendly Solutions to Bolster the Molded Fiber Pulp Cap Market
The increasing production of wood pulp-based packaging solutions, together with the rising demand for molded fiber pulp packaging as a means of protective packages such as flower pots and containers of beverages are anticipated to fuel growth of the market for pulp-based packaging over the forecast period.
Manufacturers of fast-moving consumer goods have concentrated on providing consumer-friendly, eco-friendly packaging solutions, thereby offering greater value and ensuring a higher level of customer satisfaction. Technological developments have allowed for improved techniques for printing and coating molded fiber products.
Global Molded Fibre Pulp Cap Market Landscape
Some of the estimated leading players operating in the molded fibre pulp cap market include
- EnviroPAK Corporation,
- UFP Technologies,
- Keiding, Inc,
- FiberCel Packaging LLC,
- ProtoPak Engineering Corporation,
- Pacific Pulp Molding, LLC,
- Cullen Eco-friendly Packaging,
- Huhtamaki Oyj,
- Henry Molded Products Inc.,
- Spectrum Lithograph Inc.,
- ESCO Technologies Inc.,
- Brodrene Hartmann A/S,
- Others
These players are continuously introducing new products, establishing new recycling facilities, and forming partnerships and collaborations to gain a competitive edge in the market.
Expand operations in the future – To get requisite details, ask for a custom report. https://www.futuremarketinsights.com/customization-available/rep-gb-15586
Molded Fiber Pulp Cap Market Segmentations-
By Molded Pulp Type:
- Processed Pulp
- Thick Wall
- Thermoformed
- Transfer Molded
By Distribution Channel:
- Online
- Offline
By End Use:
- Beverage
- Personal Care and Cosmetics
- Healthcare
- Automotive
- Others (Household)
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com