Rising Demand for Sustainable Packaging to Drive North American Molded Pulp Packaging Market

North American molded pulp packaging market is estimated to grow at a CAGR of 3.5% during the forecast period. Government initiatives and increasing consumers’ demand for eco-friendly packaging is supporting to boost the demand for molded pulp packaging in the region. In October 2009, a Canada-wide Strategy was approved for Sustainable Packaging. This strategy is aimed to make producers accountable for the end-of-life management of packaging and products. In 2012, the Canadian Council of Ministers of the Environment (CCME) completed work with key retailers, brand owners, the food and restaurant sector, and the packaging industry which resulting an approach to minimize packaging in Canada. 

Browse the full report description of "North American 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/north-american-molded-pulp-packaging-market

Industry partners have been focusing on undertaking initiatives that will decrease the amount of packaging intended for landfills, increased recycled content in packaging, and minimize greenhouse gas emissions. This has mainly increased the demand for molded pulp packaging, which is recyclable, biodegradable, and compostable. Additionally, molded pulp products offer protection during transportation, and handling of products and to meet their requirements of strength and stability. In the foodservice sector, compostable food packaging developed from the molded fiber is a suitable choice for insulating and rigid containers which makes it ideal for takeaway meal service.

Scope of the North American 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- US and Canada
• Competitive Landscape- UFP Technologies, Inc., Sonoco Products Co., and Novolex (Eco Products Inc.), and EnviroPAK Corp.

Recent Developments in the North American Molded Pulp Packaging Market

• 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.
• In April 2019, Eco-Products (a part of Novolex Brand) declared a new series of molded fiber containers and plates. 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 produced from sugarcane as well as it is microwave friendly. This series is also water and grease resistant. 

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?

North American 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

North American Molded Pulp Packaging Market– Segment by Country 

• US
• Canada

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