North American molded pulp packaging market is estimated to grow at a CAGR of 3.5% during the forecast period. Rising demand for sustainable packaging and increasing food and beverage industry are some crucial factors encouraging market growth. As per the Government of Canada, the food and beverage processing industry in Canada is the second-largest manufacturing industry in terms of value of manufacturing with sales of goods produced amounted to $117.8 billion in 2019. 

This results in an increasing demand for molded pulp fiber packaging for protective packaging during transportation, handling, and to meet the requirements of strength, stiffness, and stability needs. A good, molded pulp design enables complete protection of the contents in the process of shipping and handling. Paper pulp can be molded into the fruit shape and utilized as a fruit tray. Pulp molded tableware can be used to cup carrier, bowl, dishware, fast food tray, and others. These products are characterized by good stiffness, lightweight, elegant appearance, and are easy to be stored and transported. 

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North American molded pulp packaging market is segmented based on source, type, and end-use. Based on the source, the market is classified into wood and non-wood. Based on type, the market is classified into thermoformed, processed, thick wall, and transfer. Based on end-use, the market is classified into food packaging, food service, electronics, healthcare, and others. Molded fiber packaging is being significantly used in the food packaging sector owing to the emerging demand for recycled packaging in the food industry. In May 2019, Maine, a US state became the first to ban Styrofoam food containers, which will come into effect in January 2021. The law restricts coffee shops, convenience stores, farm stands, restaurants, and grocery stores from utilizing containers produced from polystyrene commonly known as Styrofoam. This will eventually lead to an increasing move towards highly sustainable molded fiber packaging in the country. 

Some prominent players in the market include UFP Technologies, Inc., Sonoco Products Co., and Novolex (Eco Products Inc.), and EnviroPAK Corp. These market players are focusing on increasing their competitiveness by using some strategies such as mergers and acquisitions and product launches. For instance, in April 2019, Eco-Products (a part of Novolex) declared a pioneering new line of molded fiber plates and containers. This new line referred to as Vanguard shows the company’s focus on foodservice packaging. It is effective in both hot and cold applications and is also water and grease resistant. It is produced from sugarcane and is microwave friendly.  

Research Methodology

The market study of North American molded pulp packaging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• North American Molded Pulp Packaging Market Research and Analysis, By Source
• North American Molded Pulp Packaging Market Research and Analysis, By Type 
• North American Molded Pulp Packaging Market Research and Analysis, By End-Use

The Report covers:

• Comprehensive research methodology of North American molded pulp packaging market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting North American molded pulp packaging market.
• Insights about market determinants which are stimulating North American molded pulp packaging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.