Emerging Focus on Sustainable Packaging to Reflect Positively on the US Molded Pulp Packaging Market

The US molded pulp packaging market is estimated to grow at a CAGR of 3.6% during the forecast period. The US government is significantly focusing on the ban of single-use plastics to reduce environmental pollution. In May 2019, Maine, a US state became the first to ban single-use food and beverage containers produced from polystyrene foam, which is commonly referred to as Styrofoam. This law 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 move will further support to accelerate the adoption of highly sustainable molded fiber packaging in the country.

Browse the full report description of "US 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/us-molded-pulp-packaging-market

Other US states are also focusing on the ban on such kind of plastics, which in turn, will offer an opportunity for market growth. Molded pulp packaging is highly biodegradable, recyclable, 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. Therefore, the rising ban on single-use plastics in the food sector, in turn, will fuel the adoption of molded pulp packaging in the country.

Scope of the US 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- UFP Technologies, Inc., Sonoco Products Co., and Novolex (Eco Products Inc.), and EnviroPAK Corp.

Recent Developments in the US Molded Pulp Packaging Market

• In August 2020, Acorn Pulp Group acquired a breakthrough molded fiber production 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 segment

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

US 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

To learn more about this report request a free sample copy @  https://www.omrglobal.com/request-sample/us-molded-pulp-packaging-market