The global molded fiber pulp cap market size reached US$ 1.16 Bn in 2021 and is likely to touch a valuation of US$ 1.2 Bn in 2022. Furthermore, with increasing usage across industries like food & beverages, automotive, cosmetics & personal care, and healthcare, the overall sales of molded fiber pulp caps are slated to rise at 4.4% CAGR between 2022 and 2032, totalling a valuation of US$ 1.8 Bn by 2032.
Factors such as rapid growth of end-use industries, growing demand for eco-friendly packaging, rising awareness about the benefits of molded fiber packaging are expected to push the demand for molded fiber pulp caps during the forecast period.Molded fiber pulp caps are innovative packaging solutions usually made from molded fiber. These caps are being increasingly used for protecting a wide range of products from external forces and environment due to their shock and vibration resistance.
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Global Molded Fibre Pulp Cap Market Landscape
Some of the estimated leading players operating in the molded fibre pulp cap market include
- EnviroPAK Corporation,
- UFP Technologies,
- Keiding, Inc,
- FiberCel Packaging LLC,
- ProtoPak Engineering Corporation,
- Pacific Pulp Molding, LLC,
- Cullen Eco-friendly Packaging,
- Huhtamaki Oyj,
- Henry Molded Products Inc.,
- Spectrum Lithograph Inc.,
- ESCO Technologies Inc.,
- Brodrene Hartmann A/S,
- Celluloses De La Loire, Dynamic Fibre Molding Pvt Ltd, Greenpacking Environmental Protection Technology Co, Dongguan City Luheng Papers Company Ltd, OrCon Industries Corporation, Guangxi Qiaowang Pulp Packing Products Co Ltd, Primapack SAE, Guangzhou NANYA Pulp Molding Equipment Co, Ltd. and others.
These players are continuously introducing new products, establishing new recycling facilities, and forming partnerships and collaborations to gain a competitive edge in the market.
Molded Fibre Pulp Cap Market Key Takeaways
- The thermoformed segment, based on moulded fibre type, is estimated to increase at a 5.1% CAGR over the projection period, producing an incremental potential of US$ 257 Mn.
- The beverage segment is expected to grow at a 4.7% CAGR between 2022 and 2032.
- The moulded fibre pulp cap market in the United States is expected to grow at a CAGR of 4.8% between 2022 and 2032.
- The moulded fibre pulp cap market in China is estimated to grow at a 7.3% CAGR during the forecast period.
- Throughout the projected period, demand for moulded fibre pulp caps in India is expected to expand at a 7.2% CAGR.
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“Rising demand for sustainable and protective packaging options, rapid expansion of food & beverage industry, and increasing government initiatives for clean and safe environment are expected to provide impetus to the growth of molded fiber pulp cap market over the next ten years,” says FMI analyst
Growth in Packaged Food Segment is Driving the Growth for Molded Fiber Pulp Caps Market
The beverage segment includes businesses in the processing of beverages and packed food materials, packaging, and distribution of food, as well as alcoholic and non-alcoholic beverages. The worldwide food and beverage industry is being propelled ahead by two significant drivers: growing acceptance of ready-to-eat food and a growth in the number of on-the-go customers. Furthermore, increased population and per capita income, as well as changing lifestyles, are boosting the industry. Additionally, increased meat and alcohol consumption, as well as the development of the food supply chain, are all driving factors in the industry’s growth.
Ice cream, waffles, pancakes, ready-to-eat noodles, and yoghurt, among other items, require molded fiber pulp caps for packaging and serving. These commodities are expected to see a significant boost in demand, particularly among teenagers during the forecast period. As a consequence, this factor is predicted to drive market development throughout the forecast period.
Molded Fiber Pulp Cap Market by Category
By Molded Pulp Type:
- Processed Pulp
- Thick Wall
- Thermoformed
- Transfer Molded
By Distribution Channel:
- Online
- Offline
By End Use:
- Beverage
- Personal Care and Cosmetics
- Healthcare
- Automotive
- Others (Household)
By Region:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
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