Molded Fiber Pulp Packaging Forays Beyond Egg-Trays to Find Applications Across a Motley of End-Use Industrial Verticals, Infers FMI

DUBAI, U.A.E, July 1, 2020 /PRNewswire/ -- The global molded fiber pulp packaging market is slated to surpass the US$ 8 Bn mark by 2020-end, creating a new value opportunity of US$ 300 Mn annually until 2025.

Molded fiber pulp packaging is now shedding its perception as being only suitable for manufacturing egg-trays to being applicable as an essential raw material across mainstream packaging. The market has experienced a tectonic shift to incorporate food processing, electronics manufacturing and pharmaceutical packaging within its ambit, amongst other sectors.

FMI estimates the global molded fiber pulp market to emerge as a cash cow during the upcoming forecast, generating an opportunity of US$ 2 Bn by the end of 2030. Various innovative applications such as manufacturing molded pump coolers, disposable urinals, Plaster of Paris displays and flower pots have catapulted revenue prospects for the future.

However, impediments are slated to hamper growth prospects for most of 2020 due to the coronavirus pandemic. Since the pandemic's ascent, the packaging industry has registered sluggishness, induced by the cessation of production activities across key end-use industries. Due to falling demand, sales of molded fiber pulps shall register a downturn for a while. Recovery is anticipated starting in the fourth quarter of 2020.

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Key Takeaways from FMI's Report on Molded Fiber Pulp Packaging Market

• Thermoformed fiber and transfer molded pulp segments shall collectively generate US$ 4 Bn across the forecast period
• Clamshell containers shall expand nearly twofold its current value by 2030, expanding at a CAGR of ~6.0% between 2020 and 2030
• Asia-Pacific shall retain market dominance, accounting for 3/10^th of the total market share
• Thick walled and processed pulp segments shall register a marginal decline in growth

Molded Fiber Pulp Packaging Market: Key Trends

• Applications in egg-tray manufacturing exhibits southward trend, owing to emerging end-use applications across mainstream and innovative areas
• Molded packaging is an environmentally-friendly alternative to expanded polystyrene (EPS) packaging, and also possesses excellent cushioning and dampening properties
• Consumer Durables and Electronic Goods (CDEG) accounts for the maximum application of molded fiber pulp packaging for electronics such as cellphones, internet modems and computers
• The pharmaceutical industry is seeking to explore molded fiber pulp packaging for a wide range of pharmaceutical products

Molded Fiber Pulp Packaging Market: Region-wise Analysis: