Market Research Report
Pulp Molding Machine Market Size, Share & Trends Analysis Report By Machine Type (Automatic, Semi-automatic), By Product Type (Rotary, Reciprocating), By Application, By End-use, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||952685|
|Published||Content info||100 Pages
Delivery time: 2-3 business days
|Pulp Molding Machine Market Size, Share & Trends Analysis Report By Machine Type (Automatic, Semi-automatic), By Product Type (Rotary, Reciprocating), By Application, By End-use, And Segment Forecasts, 2020 - 2027|
|Published: July 27, 2020||Content info: 100 Pages||
Market Growth & Trends
The global pulp molding machine market size is expected to reach USD 913.6 million by 2027 registering a CAGR of 3.9%, according to a new report by Grand View Research, Inc. The growth of this market can be attributed to the increasing demand for sustainable disposables, especially in the food & beverage and electronics industries.
Molded pulp packaging products, such as trays, clamshells, bowls, and plates, are widely used in the food packaging industry. Rising awareness about the benefits of leading a healthy lifestyle and consuming organic foods, such as fruits, is anticipated to drive the demand for pulp molding machines over the forecast period.
Growing demand for Ready-to-Eat (RTE) meals, on-the-go snacks, and single-serve packs are expected to further benefit market growth. In addition, growing concerns about single-use plastics and increasing demand for sustainable packaging solutions from both consumers and foodservice operators are anticipated to have a positive impact on market growth.
Pulp molding machines are used in the manufacturing of a wide variety of packaging products, which have high demand from end-use industries, such as electronics, healthcare, food packaging, and food service. Moreover, in industrial space, molded pulp packaging products are primarily used for packaging faucets, plumbing fixtures, and door hinges, which is likely to drive the demand further.