Being cost-effective and made using recycled paperboard and newsprint, moulded fiber packaging is gaining traction, especially in food and beverages packaging. While it is also witnessing a rise in adoption for packaging electronic products. Hence, manufacturers are also producing waterproof moulded pulp packaging by using wax spray or wax dip coating. Most common type of moulded pulp packages being produced are transfer moulded, thick-wall, thermoformed fiber and processed moulded pulp. Among all these, thermoformed fiber is the highest quality of the moulded pulp packaging product.
According to the report by Future Market Insights (FMI), the global sales of moulded fiber pulp packaging is anticipated to reach $11,500 million by 2026, registering 5.6% CAGR during 2016-2026, in terms of value. While in terms of volume, the market is projected to increase to 4.9% CAGR between 2016 and 2026.
Owing to the increasing consumption of fruits and eggs, food and beverages packaging is expected to dominate the global moulded fiber pulp packaging. The food and beverages packaging is projected to reach around $8,000 million by the end of 2026, registering 5.6% CAGR. Asia-Pacific presents better opportunities for moulded fiber pulp manufacturers, while countries such as Malaysia and Vietnam provides high growth opportunity, owing to the availability of advanced packaging tools and technologies.
New technologies to ensure eco-friendly and sustainable moulded fiber packaging
With advancement in technologies, companies have started using novel fibers such as bamboo, palm and sugarcane fibers to improve quality and efficiency of moulded fiber packaging. For instance, UFP Technologies, a designer and manufacturer of moulded fiber packaging introduced an eco-friendly and cost-effective solution to ensure the protection of the product at every stage of the sales cycle. Moreover, to make moulded fiber retail-friendly, the company uses after-pressing technology.
Companies have also started using different sources that are recyclable. For example, Britvic, a soft drinks firm has developed a bottle using the sustainable wood fiber. The company is exploring wood fiber as a viable option for packaging in multiple sectors. Moreover, the company will also roll-out patient pending moulding and processing techniques. The Britvic’s Research and Development team has also found essential information while conducting research process in fiber and pulp. This will help the company to explore more alternative packaging solutions. In partnership with Innovate UK and Natural Resources, Britvic has been working to introduce wood fiber materials across various sectors.
Major packaging companies are shifting focus towards moulded fiber pulp packaging as it is the most cost-efficient than other packaging solutions. Moreover, it is more durable under different temperature conditions. Offering better protection, various sectors have started using moulded fiber pulp packaging.
Moulded pulp packaging tools are generally made by processing metal tools. However, adopting innovative technologies, manufacturers have started producing efficient moulded pulp packaging tools. One such cost-effective and time saving alternative method for developing moulded pulp tooling is Fused Deposition Modeling (FDM). FDM uses data from computer aided design files and builds plastic parts layer by layer. Moreover, FDM molded tooling can be produced in very less time.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/moulded-fibre-pulp-packaging-market