India Molded Pulp Packaging Market expanding at a CAGR of 12.1% over the forecast period
India Molded Pulp Packaging Industry Overview The India molded pulp packaging market size was valued at USD 240.6 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 12.1% from 2020 to 2028. Molded pulp packaging products are expected to gain popularity in the country on account of increasing awareness about waste management and recycling coupled with increased demand for sustainable packaging. The rising trend of on-the-go, single-serve, and ready-to-eat food products is expected to be one of the key factors fueling market growth. In addition, growing demand from customers as well as foodservice operators for sustainable packaging products including trays, clamshells, and containers among others is anticipated to further enhance the market growth. Stringent regulations concerning single-use plastics are expected to enhance the growth of the market in India over the forecast period. Gather more insights about the market drivers, ...