Rising Eggs Consumption to Reflect Positively on Asia-Pacific Molded Pulp Packaging Market

Asia-Pacific molded pulp packaging market is estimated to grow at a CAGR of 5.1% during the forecast period. The production of eggs in India rose from nearly 83 billion nos. in 2015-16 to nearly 88 billion in 2016-17, which is showing a growth of nearly 6%. In addition, the per capita availability of egg rose from 61 in 2013-14 to 66 in 2015-16. During the period, 2016-17 it is 69. Rising consumption of eggs coupled with the growing per capita income and growing urban population, low cost of production of eggs, and growing export markets are some major growth drivers of leveraging egg production in India. Molded pulp packaging is developed from a range of fibrous materials, including cardboard, recycled paper, or other natural fibers (wheat straw, sugarcane, bamboo), which support determine the surface texture, color, and strength of the packaging. This packaging is designed with complex three-dimensional shapes and round corners, which makes it suitable for use in egg cartons. Molded pulp packaging is mainly used as protective packaging for eggs. Its prime function is to absorb shocks and facilitate transportation and handling.

Browse the full report description Asia-Pacific Molded Pulp Packaging Market Size, Share & Trends Analysis Report, By Source (Wood and Non-Wood), By Type (Thermoformed, Processed, Thick Wall, and Transfer), By End-Use (Food Packaging, Food Service, Electronics, Healthcare, and Others) and Forecast, 2020-2026 at https://www.omrglobal.com/industry-reports/asia-pacific-molded-pulp-packaging-market

 Scope of the Asia-Pacific Molded Pulp Packaging Market

Market Coverage

• The market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Source, Type, and End-Use
• Countries Covered- China, India, Japan, and Rest of Asia-Pacific
• Competitive Landscape- Brødrene Hartmann A/S, Huhtamaki OYJ, Sonoco Products Co., Novolex, and Pulp2pack.

Recent Developments in the Asia-Pacific Molded Pulp Packaging Market

• In January 2020, Brødrene Hartmann A/S signed an agreement to acquire Mohan Fibre Products Pvt. Ltd., an Indian company that sells molded-fiber packaging to the producers of apple and egg in India with a prime focus on the northern states of Himachal Pradesh, Haryana, and Punjab. This acquisition will enable Brødrene Hartmann A/S to expand its footprint in India.
• In September 2020, Sonoco acquired a paper-based textile tube converting facility in Kaiping, China. This is the company’s first expansion outside Shanghai that will enable to expand its operations in southern China. The company is also focused on serving the paper and film markets and the textile industry in South China.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Asia-Pacific Molded Pulp Packaging Market-Segmentation

By Source

• Wood
• Non-Wood

By Type

• Thermoformed
• Processed
• Thick Wall
• Transfer

By End-Use

• Food Packaging
• Food Service
• Electronics
• Healthcare
• Others

Asia-Pacific Molded Pulp Packaging Market– Segment by Country 

• China
• India
• Japan
• Rest of Asia-Pacific