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CLEVELAND, July 21, 2022 /PRNewswire/ — Demand for molded pulp packaging is forecast to extend 6.2% per 12 months via 2026, finds a brand new Freedonia Group evaluation. This comparatively small, however shortly increasing phase of the bigger packaging market is seeing elevated progress due primarily to the environmental advantages of molded fiber merchandise, together with its:
- recyclability
- biodegradability
- compostability (in business composting amenities)
Producers of meals merchandise and client and industrial packaged items, together with e-commerce and transport suppliers, are more and more implementing methods to enhance their environmental footprints, as commitments to eco-friendliness are necessary to lots of their clients. Along with packaging discount methods, a key technique of bettering sustainability has been the usage of extra environmentally pleasant supplies like molded fiber.
Components Driving Adoption of Molded Fiber Packaging
Along with traits favoring molded fiber packaging’s glorious environmental profile, key elements supporting robust demand will increase embrace:
- increasing recognition of molded pulp’s efficiency properties, together with glorious cushioning, bracing, and blocking
- the event of molded fiber merchandise which are extra aggressive with plastic alternate options when it comes to value, efficiency, and aesthetics, akin to inflexible packaging produced from molded bamboo or molded sugarcane
- backlash in opposition to single-use plastic merchandise manufactured from expanded polystyrene (EPS) foam, in addition to bans on sure EPS foodservice merchandise in a rising variety of cities
- rising home manufacturing capability for molded fiber, which can assist maintain costs extra aggressive
- wholesome progress in quite a few key purposes for molded fiber packaging, together with e-commerce and foodservice
- R&D to develop new purposes for molded fiber, particularly in nonfood main packaging markets
Wish to Study Extra?
Sustainability in Packaging is targeted on figuring out key traits in sustainability within the packaging business, together with:
- shifts in materials combine towards extra sustainable alternate options to virgin plastics (e.g., paper, bioplastics, molded fiber, recycled supplies, reusable packaging)
- packaging producer and finish person sustainability efforts and goal targets
- product innovation in compostable, biodegradable, recyclable, and light-weight packaging
- enlargement of packaging reuse packages
- provide and demand for recycled content material
- regulatory modifications affecting demand for sustainable packaging
Sustainability traits are analyzed by main packaging materials (plastic, paper and paperboard, metallic, glass, molded fiber) and when it comes to packaging producer and finish person sustainability targets. Historic knowledge and forecasts for total packaging demand and key market segments (meals, beverage, prescribed drugs, foodservice disposables, and different markets together with e-commerce) are additionally offered. Moreover, profiles of choose packaging merchandise, markets, and supplies are highlighted. Shopper survey knowledge associated to packaging sustainability collected by The Freedonia Group are additionally offered.
Concerning the Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is the premier worldwide industrial analysis firm, offering our shoppers with product analyses, market forecasts, business traits, and market share info. From one-person consulting companies to international conglomerates, our analysts present firms with unbiased, dependable business market analysis and evaluation to assist them make necessary enterprise choices. With over 100 research printed yearly, we help over 90% of the economic Fortune 500 firms. Discover off-the-shelf research at https://www.freedoniagroup.com/ or contact us for customized analysis: +1 440.842.2400.
Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]
SOURCE The Freedonia Group
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