Future Market Insights predicts that the European moulded fibre pulp packaging market will be worth US$ 2.6 billion in 2023. Between 2023 and 2033, sales of all moulded fibre pulp packaging are expected to increase across Europe at a rate of 5.7% CAGR, valuing the industry at US$ 4.5 billion.
One of the main factors propelling the Europe moulded fibre pulp packaging market ahead is the growing usage of sustainable and environmentally friendly packaging solutions across industries like food and beverage, electronics, cosmetics, and healthcare.
In response to the growing movement towards sustainability, European businesses are using packaging solutions produced from materials like moulded pulp more frequently. Sales of moulded fibre pulp packaging will rise in Europe during the projection period due to the protective qualities it offers electronics devices, such as cushioning, void fill, and blocking & bracing.
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The market for moulded fibre pulp packaging in Europe will also be fueled by growing desires for ecologically friendly, simple-to-open packaging that offers good protection for electrical devices.
Because it is recyclable, versatile, and protects products during transportation, moulded fibre is becoming more and more popular among electronics manufacturers for product packaging. Electronics manufacturers and suppliers of packaging solutions are switching to recyclable materials for packaging that have lower carbon emissions than plastic and other alternatives as a result of tight restrictions set forth by the government of Europe to reduce carbon emissions. The moulded fibre pulp packaging market in Europe is seeing growth prospects as a result, and this pattern is anticipated to hold during the projection period.
Another key factor that is likely to create growth opportunities for molded fiber pulp packaging manufacturers across Europe is the growing demand for packaged food products.
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Key Takeaways from Europe Molded Fiber Pulp Packaging Industry
- Based on molded pulp type, the transfer molded segment is projected to hold a 57.6% share of Europe’s molded fiber pulp packaging market during the assessment period
- By application, the primary packaging category is estimated to hold around 68.9% of the market value share by the end of 2023.
- By end use, the food & beverage segment is forecast to expand by 1.9 times during the assessment period.
- The United Kingdom molded fiber pulp packaging market is forecast to expand at a CAGR of 6.8% during the forecast period.
- Germany is expected to account for around 19.9% share of Europe’s molded fiber pulp packaging market in 2023.
- France is likely to hold about 17.2% share of the Europe market by the end of 2033.
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- 2 Cups
- 4 Cups
- 6 Cups
- More than 8 cups
“Rising consumer demand for packaged food and shift towards eco-friendly and sustainable packaging solutions are expected to boost the molded fiber pulp packaging industry in Europe. Besides this, the government’s strict regulations on the use of traditional plastic will provide a growth opportunity for molded fiber pulp packaging companies,” says a Future Market Insights analyst.
Europe Molded Fiber Pulp Packaging Market Landscape
Key players operating in Europe molded fiber pulp packaging market are Huhtamaki Oyj, International Paper Company, TRIDAS s.r.o., PAPACKS SALES GmbH, Pulp-Tec Limited, PulpWorks, Inc., TART, Dentaş Paper Industry Inc., Zume Inc., AR Packaging, Brødrene Hartmann A/S, Henry Molded Products, Primapack SAE, Robert Cullen Ltd, buhl-paperform GmbH, The OMillioni-Pac Group, Decapulp, SL, Pulpex Ltd, Sonoco Products Company, Vernacare, Stora Enso, MOULDED FIBRE PRODUCTS, HZ Corporation, Colpac Ltd., and Kiefel Technologies.
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Europe Molded Fiber Pulp Packaging Industry by Category
By Molded Pulp Type:
- Thick Wall
- Transfer Molded
- Thermoformed Fiber
- Processed Pulp
By Product Type:
- Trays
- Drink Carriers
- Boxes
- End Caps
- Plates
- Bowls
- Cups
- Clamshell Containers
By Application:
- Primary Packaging
- Secondary Packaging
- Edge Protectors
By End Use:
- Consumer Durables
- Mobile Phone
- Television
- Laptops
- Tube Lights & Bulbs
- Others (Air Conditioners, Refrigerators)
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