Growing Food and Beverage Industry to Reflect Positively on China Molded Pulp Packaging Market

China molded pulp packaging market is estimated to grow at a CAGR of 5.0% during the forecast period. China accounts for nearly one-fourth of the total global population and is a rapidly developing consumer markets across the globe, which offers a potential boost to the food and beverage industry. Additionally, China holds a potential share in egg production across the globe. Molded pulp products are particularly utilized for food-related carriers including serving trays and food containers and the packaging of manufactured products. The demand for molded pulp packaging for egg trays packaging has primarily increased owing to potential strength, sustainable qualities, and ease in transportation. 

Browse the full report description China 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/china-molded-pulp-packaging-market

Being produced from wood fibers, particularly cellulose, molded pulp products are in general, completely biodegradable and renewable. It is utilized as a cushioning material for product safety during transportation, including molded honeycomb paperboard. Owing to its high strength, cost-effectiveness, and durability, this material holds the ability to replace wood and plastics. Such characteristics have led to the emerging adoption of molded pulp fiber in the packaging industry, as the companies are embracing alternatives to oil-based packaging coupled with stringent government regulations and customer demands for eco-friendly packaging. 

Scope of the China Molded Pulp Packaging Market

Market Coverage

• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Source, Type, and End-Use
• Competitive Landscape- Huhtamaki OYJ, Shanghai Huain Industrial Co., Ltd., and Sonoco Products Co.

Recent Developments in the China Molded Pulp Packaging Market

• 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.
• In March 2018, Huhtamaki opens a new production facility in Guangzhou, China. The facility was converted into a foodservice plant. The transformation entails adding 15,000 m2 of floor space, doubling the number of onsite machinery, and implementing advanced process automation. 

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 segment

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

China 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