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Exactitude Consultancy Latest Published
Molded Pulp Packaging Market by Molded Type (Thick wall, Transfer Molded, Thermoformed Fiber and Processed Pulp), By Product Type (Trays, Clamshells, Cups, Plates, Bowls), By Source (Wood Pulp and Non-Wood Pulp), And Region, Global Trends and Forecast From 2022 To 2029
The molded pulp packaging market is expected to grow at 5.1% CAGR from 2022 to 2029. It is expected to reach above USD 5.94 billion by 2029 from USD 3.8 billion in 2020.
Segment Analysis
The molded pulp Packaging Market is segmented based on molded type, product type, end-use, source and region. Based on molded type, the roof coating market is segmented into thick wall, transfer molded, thermoformed fiber and processed pulp.
In terms of volume, the thick wall category is anticipated to develop at the highest CAGR. The production of thick wall molded pulp packaging uses a single mold and is generally utilized as support packing for non-fragile and heavy objects like motors, furniture, and automotive parts. Moreover, it is used by manufacturers to create plant, flower, and nursery pots and containers. The completed surface of this style of molded pulp packaging is reasonably smooth, whereas the other side is rough. Most of the time, non-fragile and heavy commodities are packaged in thick wall molded pulp packages.
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