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Molded Pulp Packaging Market

Molded Pulp Packaging Market

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Molded Pulp Packaging Market

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  1. Molded Pulp Packaging Market Size, Strategies, Competitive Landscape, Trends & Factor Analysis, 2021–2027 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Global Market Scenario of Molded Pulp Packaging Industry • Owing to these factors, the molded pulp packaging market size is anticipated to register a valuation of USD 4.4 billion through 2027, according to the most recent study by Global Market Insights Inc. • The COVID-19 pandemic has impacted the molded pulp packaging market by affecting the poultry, agro, and food & food services industries. While this effect is expected to be low to mild when compared to other industries, appliances, electronics, and other sectors are set to register mild to moderate impact in terms of demand. • Considering the usage, molded pulp packaging is utilized for appliances comprising food processors (juicers), grinders, TVs, mixers, washing machines, air conditioners, refrigerators, ovens/microwaves, dishwashers, dryers, induction, vacuum cleaners, toasters & coffee makers. • The last decade recorded a considerable demand for appliances owing to rising disposable incomes on account of economic growth. The high levels of income, an upsurge in the number of middle-class households, and the strong demand for appliances are set to push market growth through the coming years. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Continue:- • This rise is on account of the surging adoption of expansion strategies by key molded pulp packaging manufacturers for maintaining their position in the market. • For instance, in March 2021, Jabil, Inc., made an announcement regarding expansion plans for the company’s newly acquired paper bottle technology with an investment of $25 million in subsidiary Ecologic’s Manteca location. The company also planned the development of a new paper bottle plant in its Sustainability Center of Excellence situated in Tortosa, Spain. • Asia Pacific poised to emerge as a promising hub for molded pulp packaging market growth • The Asia Pacific molded pulp packaging industry recorded 40% of the overall market revenue in 2020 and will grow at a CAGR of 5.4% through the projected span. This is estimated to be coming from highly growing countries such as Malaysia, India, China, Indonesia, and others. • Furthermore, the region is characterized by the largest population with more than 4.2 billion people. The regional market growth is driven by multiple factors that comprise the rising population, increasing levels of income, and strong economic growth. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/4645 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. 360° Industry Analysis • The product demand is set to increase as large corporations are adopting environment-friendly policies and trying to introduce sustainable business practices. Moreover, several food & beverage organizations have altered the packaging materials to recyclable materials. Citing an instance, PepsiCo is trailing a recyclable option for plastics rings on its flagship product with rings that are produced from molded pulp. • In a nutshell, the increasing egg consumption at the global level will boost molded pulp packaging industry value over the forthcoming years. Request for customization:https://www.gminsights.com/roc/4645 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Competitive Analysis: • Smurfit Kappa, Sonoco Products Company, Pacific Pulp Molding, Western Pulp Products Company, Alta Global, Inc., Huhtamaki, DS Smith, CMPC, YFY Jupiter, Enviropak, Molpack Corporation Ltd., Best Plus Pulp Co., Ltd., Hartmann are some of the key players operating in the Molded Pulp Packaging Market . © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  7. Latest Research Report On Molded Pulp Packaging Market @ https://www.gminsights.com/industry-analysis/molded-pulp-packaging-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4645 Request for customization: https://www.gminsights.com/roc/4645 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  8. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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