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Showing posts with the label Molded Pulp Packaging Market

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, ...

Molded Pulp Packaging Market size is expected to reach USD 6.1 billion by 2028

  Molded Pulp Packaging Industry Overview The global molded pulp packaging market size was valued at USD 3,811.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.1% from 2021 to 2028.   Growing demand for sustainable packaging solutions from environment-conscious consumers and stringent regulations related to plastic usage is expected to drive the market over the forecast period. Molded pulp packaging was limited to egg trays for many years; however, the demand has increased in other applications as well due to its sustainable properties. It is completely renewable and biodegradable as it is made from wood fiber and cellulose, thus, meeting the criterion set forth by government agencies and organizations.   The U.S. consumer electronics retail sales are expected to reach USD 461 billion in 2021 as per data published by the Consumer Technology Association (CTA). Such huge demand for consumer electronics, when compared with other i...