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NEWARK, DE / ACCESSWIRE / January 26, 2023 / According to Future Market Insights, Europe molded fiber pulp packaging market is estimated to be valued at US$ 2.6 billion in 2023. Total molded fiber pulp packaging sales across Europe are poised to surge at 5.7% CAGR between 2023 and 2033, taking the overall market valuation to US$ 4.5 billion by 2033.
The rising adoption of sustainable and eco-friendly packaging solutions across industries such as food & beverages, electronics, cosmetics, and healthcare is a primary driving Europe molded fiber pulp packaging market forward.
European firms are increasingly utilizing packaging solutions made from materials such as molded pulp, in response to the growing trend toward sustainability. The protective features which molded fiber pulp packaging provides to the electronics products, such as cushioning, void fill, and blocking & bracing, will increase sales of molded fiber pulp packaging in Europe during the forecast period.
Similarly, growing preferences for environmentally friendly and easy-to-open packaging that provides excellent protection for electrical products will fuel molded fiber pulp packaging demand across Europe.
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Molded fiber is becoming more popular among electronics manufacturers for product packaging since it is recyclable, adaptable, and protects products during transportation. Due to strict regulations by the government in Europe to reduce carbon emissions, electronics manufacturers and packaging solutions providers are adopting recyclable material for packaging that has low carbon emissions as compared to plastic and other substitutes. This is creating growth opportunities for the molded fiber pulp packaging market in Europe and the trend is expected to continue during the projection period.
Another key factor that is likely to create growth opportunities for molded fiber pulp packaging manufacturers across Europe is the growing demand for packaged food products.
Key Takeaways from Europe Molded Fiber Pulp Packaging Industry
- Based on molded pulp type, the transfer molded segment is projected to hold a 57.6% share of Europe’s molded fiber pulp packaging market during the assessment period
- By application, the primary packaging category is estimated to hold around 68.9% of the market value share by the end of 2023.
- By end use, the food & beverage segment is forecast to expand by 1.9 times during the assessment period.
- The United Kingdom molded fiber pulp packaging market is forecast to expand at a CAGR of 6.8% during the forecast period.
- Germany is expected to account for around 19.9% share of Europe’s molded fiber pulp packaging market in 2023.
- France is likely to hold about 17.2% share of the Europe market by the end of 2033.
- 2 Cups
- 4 Cups
- 6 Cups
- More than 8 cups
“Rising consumer demand for packaged food and shift towards eco-friendly and sustainable packaging solutions are expected to boost the molded fiber pulp packaging industry in Europe. Besides this, the government’s strict regulations on the use of traditional plastic will provide a growth opportunity for molded fiber pulp packaging companies,” says a Future Market Insights analyst.
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Ban on Plastic Packaging Usage to Boost Molded Fiber Pulp Packaging Market Across Europe
Retail businesses that sell fruits and vegetables in plastic containers are looking for alternatives to plastic containers due to the ban on fruits & vegetables being sold in plastic containers in Europe. For instance, the French Government announced a ban on fruits & vegetables being sold in plastic containers from January 2022. Similarly, Spain government is also about to impose a ban on fruits & vegetables being sold in plastic containers from 2023. These bans can create growth opportunities for reusable containers such as molded fiber pulp containers.
Clamshell containers, trays, and other molded fiber pulp packaging can be used in place of plastic containers for packing fruits & vegetables. They adhere to the anti-waste law and are also cost-effective. Molded fiber pulp is reusable and can be recycled several times.
Hence, ban on plastic containers coupled with growing demand for recyclable & reusable packaging solutions will boost molded fiber pulp packaging market across Europe during the forecast period.
Europe Molded Fiber Pulp Packaging Market Landscape
Key players operating in Europe molded fiber pulp packaging market are Huhtamaki Oyj, International Paper Company, TRIDAS s.r.o., PAPACKS SALES GmbH, Pulp-Tec Limited, PulpWorks, Inc., TART, Dentaş Paper Industry Inc., Zume Inc., AR Packaging, Brødrene Hartmann A/S, Henry Molded Products, Primapack SAE, Robert Cullen Ltd, buhl-paperform GmbH, The OMillioni-Pac Group, Decapulp, SL, Pulpex Ltd, Sonoco Products Company, Vernacare, Stora Enso, MOULDED FIBRE PRODUCTS, HZ Corporation, Colpac Ltd., and Kiefel Technologies.
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Europe Molded Fiber Pulp Packaging Industry by Category
By Molded Pulp Type:
- Thick Wall
- Transfer Molded
- Thermoformed Fiber
- Processed Pulp
By Product Type:
- Trays
- Drink Carriers
- Boxes
- End Caps
- Plates
- Bowls
- Cups
- Clamshell Containers
By Application:
- Primary Packaging
- Secondary Packaging
- Edge Protectors
By End Use:
- Consumer Durables
- Mobile Phone
- Television
- Laptops
- Tube Lights & Bulbs
- Others (Air Conditioners, Refrigerators)
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Table of Content
1. Executive Summary | Europe Molded Fiber Pulp Packaging Market
1.1. Europe Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
Click Here for Europe Molded Fiber Pulp Packaging Market 134 pages TOC Report
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