According to Future Market Insights (FMI), the Australia & New Zealand molded fiber pulp packaging market is expected to experience significant growth between 2023 and 2032, with a projected CAGR of 5.0%. The market value is anticipated to increase from US$ 215.0 million in 2023 to US$ 332.6 million by 2032.
The transfer molded segment is expected to be the most attractive segment, accounting for 50.8% of the market by the end of 2032. These pulp types are particularly suited for packaging food & beverage products, electronic products, healthcare disposables, appliances, and others.
The Australia & New Zealand molded fiber pulp packaging market currently forms around 2.5% of the global molded fiber pulp packaging market, which was valued at US$ 8.1 billion in 2022. However, it is expected to witness outstanding growth and demand over the next decade, generating an attractive incremental growth opportunity of US$ 129.7 million.
As sustainable packaging becomes increasingly important, more companies in the food and beverage industry in Australia and New Zealand are adopting molded fiber pulp packaging solutions for their products, including eggs, meat, poultry, fruits, vegetables, and beverages.
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Key Takeaways:
- The Australia & New Zealand molded fiber pulp packaging market is projected to grow at a CAGR of 5.0% between 2023 and 2032, reaching a market value of US$ 332.6 million by 2032.
- The transfer molded segment is expected to be the most attractive segment, accounting for 50.8% of the market by the end of 2032.
- Government guidelines and initiatives to promote sustainable packaging are driving the acceptance of molded fiber pulp packaging in Australia and New Zealand.
- Consumer preferences are shifting towards brands that prioritize sustainability, leading to increased demand for products packaged in environmentally friendly materials like molded fiber pulp packaging.
- Molded fiber pulp packaging offers advantages such as excellent protection for fragile goods during transportation and suitability for various sectors, including consumer goods, food and beverage, electronics, and healthcare.
Competitive Landscape
The molded fiber pulp packaging market is highly competitive with both worldwide and regional players present. Companies functioning in the market offer a wide variety of products in different shapes, sizes, and colors. In addition, manufacturers offer customized packaged products to meet customer-specific requirements.
There have also been several new merchandise launches, mergers & acquisitions in the market in recent years. The companies in the Australia & New Zealand molded fiber pulp packaging industry are concentrating on developing sustainable solutions and innovations.
- In March 2022, Huhtamaki Oyj replaced around 2.000 tonnes of plastic with fiber. Huhtamaki’s state-of-the-art automated manufacturing site will have the capacity to manufacture up to 3.5 billion fiber products annually. This represents the first such large-scale production capability.
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- Huhtamaki Oyj
- Zume Inc.
- Australia Pak Pty Ltd
- Greenomics
- Hawk Group
- Jenkins Freshpac Systems
- Sonoco Products Company (Trellis) (TEQ)
Australia & New Zealand Molded Fiber Pulp Packaging Market Outlook by Category
By Product Type:
- Trays
- Drink Carriers
- 2 Cups
- 4 Cups
- 6 Cups
- More than 8 cups
- Boxes
- End Caps
- Plates
- Bowls
- Cups
- Clamshell Containers
By Molded Pulp Type:
- Thick wall
- Transfer Molded
- Thermoformed Fiber
- Processed Pulp
By Application:
- Primary Packaging
- Secondary Packaging
- Edge Protectors
By End Use:
- Consumer Durables
- Mobile Phone
- Television
- Laptops
- Tube light & Bulbs
- Others
- Food & Beverage
- Egg Packaging
- 4 Eggs
- 6 Eggs
- 12 Eggs
- 24 Eggs
- More than 30 Eggs
- Wine Packaging
- 375 ml
- 750 ml
- 1.5 liters
- More than 3 liters
- Fruit Packaging
- Others
- Egg Packaging
- Cosmetics
- Food Services
- Healthcare
- Automotive
- Logistics
- Others
By Country:
- Australia
- New Zealand
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