The US molded pulp packaging market is estimated to grow at a CAGR of 3.6% during the forecast period. The rising shift towards sustainable packaging coupled with the increasing food and beverage industry is supporting to propel the market growth. As per the United States Department of Agriculture (USDA), Agriculture, food, and associated industries supported nearly $1 trillion to the country’s GDP in 2017, a 5.4% share. Food represented 12.9% of American households’ expenditures in 2018. Further, increasing consumption of eggs has been reported in the country. 

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As per the US Poultry & Egg Association, the country’s egg per capita consumption increased from 284.1 in 2018 to 287.1 in 2019. This, in turn, increased the demand for egg trays that offers optimum protection of fragile product including egg at all stages of the transportation and supply chain. Owing to its reliability, it reduces the losses of manufacturers and retail chains. The benefits of molded fiber egg packaging include easy to recycle, high strength and reliability, transportation and usage convenience, and more. 

The US 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 August 2020, Acorn Pulp Group acquired a breakthrough molded fiber manufacturing machine from Southern Moulded Pulp and Moulded Fibre Technologies. This will enable Acorn to offer superior quality products and services to its customers at competitive prices.

Research Methodology

The market study of the US 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:

1. US Molded Pulp Packaging Market Research and Analysis, By Source
2. US Molded Pulp Packaging Market Research and Analysis, By Type 
3. US Molded Pulp Packaging Market Research and Analysis, By End-Use

The Report covers:

• Comprehensive research methodology of US 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 US molded pulp packaging market.
• Insights about market determinants which are stimulating US molded pulp packaging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.