Europe Molded Pulp Packaging Market Is Likely To Up Demand At A USD 1.43 Billion By 2028


 San Francisco, 30 March 2022: The Report Europe Molded Pulp Packaging Market Size, Share & Trends Analysis Report By Source (Wood Pulp, Non-wood Pulp), By Packaging Type (Transfer, Thermoformed), By Application, By Region, And Segment Forecasts, 2020 - 2028

The Europe molded pulp packaging market size is expected to reach USD 1.43 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.6% from 2020 to 2028. Rising usage of molded fiber for the packaging of eggs and fruits in Europe is expected to fuel the growth of the market. The European Union (EU) is amongst the top four egg-producing regions globally. As per the European Commission, the overall egg production in the region was 6,313 thousand tons in 2020. Whereas, according to International Egg Commission, the average egg consumption in the European Union is 210 eggs per person per year. These factors are expected to fuel the demand for molded pulp packaging in the region.

The EU is focusing on banning the use of single-use plastic products, along with foam, in a variety of food packaging and foodservice applications and electronics and industrial applications. Supportive regulatory policies promoting the use of sustainable packaging solutions are expected to augment the growth of the market during the forecast period. Increasing adoption of sustainable practices by businesses in their supply chain activities is anticipated to increase the penetration of molded pulp products in European countries. For instance, in March 2021, AR Packaging introduced a fiber-based barrier tray for fresh vegetables and fruit in order to attract retailers and food producers in search of plastic alternative packaging solutions. Pulp made from recycled paper products is further increasingly being promoted in the region to reduce the burden on virgin wood pulp.

Access Research Report of Europe Molded Pulp Packaging Market @ https://www.grandviewresearch.com/industry-analysis/europe-molded-pulp-packaging-market-report

Europe Molded Pulp Packaging Market Report Highlights

  • The non-wood pulp source segment is expected to register the highest CAGR of 6.2% over the forecast period. Increasing concerns over deforestation leading to challenges associated with the availability of wood pulp are expected to support the demand for non-wood pulp sources such as bagasse, rice straw, flax, and hemp
  • Market players are focusing on new product development and mergers & acquisitions to strengthen their market presence. For instance, in January 2021, Brødrene Hartmann A/S acquired Gotek-Litar JSC, headquartered in Russia and involved in producing molded fiber packaging. The acquisition was a part of the former’s strategy to increase its foothold in Europe in the market
  • The thermoformed packaging type segment is expected to register the fastest CAGR of 6.8% over the forecast period owing to thin walls, a smoother finish, and better dimensions of thermoformed pulp packaging. The products offer alternative solutions to plastic thermoformed packaging and are thus expected to gain traction
  • The food packaging application segment held the second-largest revenue share in 2020. Molded pulp trays and clamshells are widely used for packaging eggs, fruits, vegetables, and meat and poultry products in the fresh food industry, thus supporting the segment growth
  • The Scandinavian region is expected to expand at a CAGR of 5.7% over the forecast period. The region is characterized by the presence of countries that are major producers of pulp and pulp-based products. Finland and Sweden were ranked among the largest producers of these products in 2020 in the European region, thereby fueling the growth of the market

List of Key Players of Europe Molded Pulp Packaging Market

  • Brodrene Hartmann A/S
  • Omni-Pac Group
  • Huhtamaki
  • Pulp-Tec Limited
  • Eco-Products, Inc.
  • TART
  • PAPACKS Sales GmbH
  • Kiefel Packaging
  • Switch Packaging Specialists Ltd.
  • AR Packaging

Access Press Release of Europe Molded Pulp Packaging Market @ https://www.grandviewresearch.com/press-release/europe-molded-pulp-packaging-market-analysis

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein retail stores, restaurants, and hot
Read more