Future Market Insights has recently released a report on global moulded fibre pulp packaging market. The study reveals insights on the driver, restraints, segments and region forecast of the market. A reporter from FMI has fielded several question on the basis of this forecasted report.
What is your take on evolution of global moulded fibre pulp packaging market?
Typically, in terms of revenues, the global moulded fibre pulp packaging market is likely to expand at 4.4% CAGR throughout the period of assessment. The global market was pegged at US$ 7.6 Mn in 2017 and is estimated to surpass US$ 11 Bn by the end of 2027.
Which factors according to you are driving the growth of global market?
Owing to increasing awareness for better packaging solutions, largely in food & beverage industry for products like wine bottles, eggs and fresh fruits. Further, major countries are showcasing increasing demand for bio-degradable packaging solutions due to stringent manufacturing regulations forced by governmental agencies. Moulded pulp packaging across the globe are key categories in four types of moulded fibre products such as transfer moulded, thick wall, processed pulp and thermoformed fibre for producing different moulded fibre packaging solutions. Increasing demands from food and beverage packaging combined with increased consumer awareness to restrict the wastage is one of the major factor fueling the growth of the market over the assessment period. The consumer durables and electronic goods industry is anticipated to generate significant expansion and investment opportunities for producers of moulded fibre pulp packaging market.
What are the segments of global moulded fibre pulp packaging market, which is the leading segment in the market?
The tray segment, based on product type was pegged at US$ 3 Bn in 2017 and is poised to reach valuation of approximately US$ 4.6 Bn by the end of 2027reflecting a CAGR of 4.3% throughout the period of assessment. On the other hand, the thick wall segment based on pulp type category was projected to be valued at approximately US$ 1.2 Bn in the year 2017 and is projected to surpass valuation of US$ 1700 Mn by the end of 2027, witnessing expansion at 3.7% CAGR throughout the period of assessment.
How will you describe the growth of the market across the world?
The market in the US is estimated to reflect 2.9% CAGR throughout the period of assessment. The country level analysis of Latin America includes Mexico, Brazil and Argentina. The market in the Brazil is projected to showcase 6.4% CAGR throughout the forecast period. The GCC countries are projected to retain its dominance in the Middle East and Africa market throughout the forecast period. Incremental opportunities in India and China are contributing to the growth of the market in APEJ region throughout the period of assessment.
What are the players leading in the global market?
Companies such as Guangxi Qiaowang Pulp Packing Products Co, Ltd., Huhtamaki Oyj., ESCO Technologies Inc., Henry Moulded Products, Inc., OrCon Industries Corporation., and EnviroPAK Corporation, Keiding, Inc., Celluloses De La Loire, FibreCel Packaging, LLC are considered as the key contributors to the growth of the market. However, Primapack SAE., Dynamic Fibre Moulding (PTY) Ltd., Spectrum Lithograph, Inc., and Jiangyin Greenpacking Trade Co., Ltd. have also consolidated their footprints in the global market in recent past.
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