Molded Pulp Packaging Market to hit USD 7 billion by 2032, says Global Market Insights Inc.
Some of the major players operating in the molded pulp packaging industry are Molpack Corporation Ltd., YFY Jupiter, Pacific Pulp Molding, Best Plus Pulp Co. Enviropak, Hartmann, Smurfit Kappa, Western Pulp Products Company, Alta Global, Inc., CMPC, Huhtamaki, Ltd., Stora Enso, DS Smith, and Sonoco Products Company.
Selbyville, Delaware, Nov. 16, 2022 (GLOBE NEWSWIRE) — According to a
Superior attributes to drive product demand across the electronics industry
In terms of industry, the electronics segment is slated to expand at over 8% CAGR between 2023 to 2032, claims the report. Across the electronics industry, molded pulp packaging is used for a variety of consumer durables and FMCG products, such as printers, laptops, set-top boxes, air conditioners, and other electronic components. These packaging materials offer superior protection and eliminate the prospects of commodity breakage throughout the supply chain operations from storage to transportation, thus bolstering their demand over the forthcoming years.
Supportive regulatory framework to accelerate business growth across Europe
Europe molded pulp packaging market is expected to record above 8% gains and amass considerable market share by 2032. The regional expansion is supported by the dramatic consumer shift toward eco-friendly and sustainable products owing to the ongoing climate change and rising environmental impact. Regional authorities have also been taking necessary measures to maximize the use of plastic-free products.
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New product developments to aid the competitive landscape
Leading players in the molded pulp packaging market include Smurfit Kappa, YFY Jupiter, Huhtamaki, Ltd., Pacific Pulp Molding, Molpack Corporation Ltd., Best Plus Pulp Co. Enviropak, Stora Enso, Western Pulp Products Company, DS Smith, Alta Global, Inc., CMPC, Hartmann, and Sonoco Products Company. These companies have been launching innovative products as part of their key growth strategy.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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