#Industrial Packaging report

[rkingresearch]

Pharmaceutical Packaging Market Size, Value, Report 2022-2028

The Global Pharmaceutical Packaging Market Size was valued at USD 90.2 billion in 2021. The market is projected to grow by USD 144.2 billion in 2028, at a CAGR of 8.9%.

The global Pharmaceutical Packaging market research gives a detailed and practical analysis of the products and services in this market which provides a competitive advantage to the existing and new businesses. In depth study and overview of the market has been collected by the overall insight of the industry and specifies the market segmentation, potential opportunities, growing market trends and events, current and future advancements, and other elements. This report will also showcase many possibilities of upscaling the global Pharmaceutical Packaging market share size.

Get a Sample PDF of Report - https://www.extrapolate.com/sample/Healthcare-Medical-Devices-Biotechnology/pharmaceutical-packaging-market/21601

The competitive landscape of Pharmaceutical Packaging market includes major players such as:

 The report includes all key points related to the most important determinants of Pharmaceutical Packaging industry’s growth. This research looks closely at the market competition, product development trends, and sale prospects such as evolutions of consumer behavior, current market need, client preferences, and changing needs and demand. Furthermore, the report discusses its prominent players, along with their new entrants, influential players and much more.

The Pharmaceutical Packaging market analysis will help companies identify potential development areas and create strategies to take advantage of emerging opportunities. It analyzes the current competitive environment in addition to offering key details like market statistics and product releases from leading companies in this industry. This industry is characterized in terms of market size, market coverage, market exchange rate, segmentation, and market share.

Inquire Before Buying This Research Report: https://www.extrapolate.com/enquire/Healthcare-Medical-Devices-Biotechnology/pharmaceutical-packaging-market/21601

The Pharmaceutical Packaging market is segmented by types into:

SEGMENTATION:-

 By Material

  By Product Type

 By Drug Delivery

 By Packaging Type

By Region

 Detailed analysis of applications and customers that use the services provided by the Pharmaceutical Packaging market is also discussed in the report. Similarly, it provides information about its key competitors and their footprints according to the respective regions. Along with it, the study will cover company portfolios, Pharmaceutical Packaging market growth opportunities, obstacles, collaborations, mergers and acquisitions.

Moreover, it provides a quick summary of the Pharmaceutical Packaging global market developments for the estimated period of time which will ultimately provide ideas to businesses in terms of working and processes of the Pharmaceutical Packaging market. This research has been generated based on the historical data and future possibilities of the market. The overall industry scale of the market has been studied from the global perspective by utilizing multiple research methodologies such as Porter’s five forces model, SWOT and PESTEL analysis.

Detailed TOC of Global Pharmaceutical Packaging Market @ https://www.extrapolate.com/toc/Healthcare-Medical-Devices-Biotechnology/pharmaceutical-packaging-market/21601

TABLE OF CONTENTS:-

1. Executive Summary

2. Research Methodology

3. Market Outlook

4. COVID-19 Impact On Pharmaceutical Packaging Market

5. Global Pharmaceutical Packaging Market Overview, By Material, 2015 - 2028(USD Million)

6. Global Pharmaceutical Packaging Market Overview, By Product Type, 2015 - 2028(USD Million)

7. Global Pharmaceutical Packaging Market Overview, By Drug Delivery, 2015 - 2028(USD Million)

8. Global Pharmaceutical Packaging Market Overview, By Packaging Type, 2015 - 2028(USD Million)

9. Global Pharmaceutical Packaging Market Overview, By Geography, 2015 - 2028(USD Million)

10. North America Pharmaceutical Packaging Market Overview, By Countries, 2015 - 2028(USD Million)

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[mordorintelligencemarketresearch]

The Paper Packaging Industry: Trends, Insights, and Future Prospects 

Introduction 

The paper packaging industry has emerged as a critical segment within the broader packaging market, driven by increasing consumer demand for sustainable alternatives to plastic. With environmental concerns at the forefront of global discourse, businesses are seeking innovative ways to reduce their carbon footprint. This blog explores current trends, market dynamics, and future opportunities within the paper packaging industry. 

Market Overview 

As of recent market research, the Paper Packaging Market is projected to reach approximately USD 398.65 billion in 2024 and is anticipated to grow to USD 501.08 billion by 2029, with a CAGR of 4.68% during the forecast period from 2024 to 2029. This growth is fueled by the rising demand for eco-friendly packaging solutions across various sectors, including food and beverage, pharmaceuticals, electronics, and personal care. 

Key Drivers of Growth 

Sustainability Concerns: Increasing awareness of environmental issues has led consumers and businesses to seek sustainable packaging solutions. Paper packaging is biodegradable, recyclable, and often made from renewable resources, making it an attractive alternative to plastic. 

Government Regulations: Many countries are implementing stricter regulations on plastic usage, prompting companies to shift towards paper packaging. Initiatives aimed at reducing plastic waste are pushing industries to adopt eco-friendly materials. 

E-commerce Boom: The rapid growth of e-commerce has resulted in an increased need for packaging solutions that can protect products during transit. Paper packaging offers versatility, strength, and a premium feel that enhances customer experience. 

Innovative Designs: Advances in technology have led to the development of innovative paper packaging designs that not only offer functionality but also aesthetic appeal. Businesses are investing in creative packaging to differentiate their products in a competitive market. 

Challenges Facing the Industry 

While the paper packaging industry is on an upward trajectory, it faces several challenges: 

Raw Material Costs: Fluctuations in the price of wood pulp and recycled paper can affect production costs, impacting profitability. 

Competition from Alternatives: Plastic packaging still holds a significant market share due to its cost-effectiveness and durability. Convincing consumers to switch to paper alternatives remains a challenge. 

Environmental Concerns: Despite being more sustainable, the paper industry must address its own environmental impact, particularly related to deforestation and water usage. 

Future Trends 

Technological Advancements: The integration of smart technology in packaging, such as QR codes and augmented reality, can enhance customer engagement and provide additional product information. 

Biodegradable and Compostable Solutions: The push for more sustainable materials will lead to innovations in biodegradable coatings and compostable paper products, further reducing environmental impact. 

Increased Recycling Initiatives: Companies are investing in recycling technologies and infrastructure to create a circular economy within the paper packaging industry. 

Customization and Personalization: Brands are focusing on customized packaging to improve brand loyalty and customer satisfaction, making unique packaging solutions more prevalent. 

Conclusion 

The paper packaging industry is poised for significant growth as it adapts to changing consumer preferences and regulatory landscapes. With sustainability at its core, the sector not only addresses environmental concerns but also meets the evolving needs of modern businesses. Companies that innovate and invest in eco-friendly practices will likely find themselves leading the charge in this promising market. As the demand for sustainable packaging continues to rise, the future of paper packaging looks bright.    For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence: https://www.mordorintelligence.com/industry-reports/paper-packaging-market 

[123567-9qaaq9]

Multilayer Packaging Market Future Trends to Look at | BIS Research 

Multilayer Packaging refers to a type of packaging that consists of multiple layers of different materials, each chosen for its specific functional properties, such as barrier protection, strength, flexibility, and durability. These layers often include plastics, paper, aluminum, and adhesives, which are laminated or co-extruded to create a single, cohesive structure. 

The Multilayer Packaging Market  was valued at $88.26 billion in 2022, and it is expected to grow at a CAGR of 8.03% and reach $199.71 billion by 2032

At BIS Research, we focus exclusively on technologies related to precision medicine, medical devices, life sciences, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data, blockchain technology, Multilayer Packaging   Material , advanced materials and chemicals, agriculture and FoodTech, mobility, robotics, and aerospace and defense, among others.

Multilayer Packaging  Overview  

Multilayer Packaging is a rapidly emerging field at the intersection of materials science, data science, and artificial intelligence. Its primary objective is to accelerate the discovery, design, and optimization of materials by leveraging advanced computational tools and data-driven approaches.

The core concept of Multilayer Packaging  is to treat materials and their characteristics as data. By analyzing vast amounts of material-related data—such as chemical compositions, structural properties, and performance metrics—researchers can identify patterns, correlations, and trends that would be difficult or impossible to detect through traditional experimentation alone.

Grab a look at the report page click here ! 

Key Techniques 

Machine Learning 

Data Mining 

Open Quantum Material Database 

Typically, the materials used in multilayer packaging include combinations of plastics, paper, aluminum, and adhesives. Each layer serves a specific purpose: plastic layers may offer flexibility and scalability, aluminum layers provide barrier protection against oxygen, light, and moisture, and paper layers add rigidity and printability

Market Segmentation 

By End User Industry 

By Product Type 

By Region 

Market Drivers 

Growing demand for packaged food 

Increased use in pharmaceutical industry 

Rising focus on product shelf life 

Consumer awareness of sustainability 

Have a look at the free sample click here ! 

Key Companies 

Constantia Flexibles

Berry Global Inc.

Amcor plc

Mondi

Sonoco Products Company

Sealed Air

Visit our Next Generation Fuel/ Energy Storage Solutions 

Conclusion

Multilayer packaging plays a vital role in modern industries by offering enhanced protection, extended shelf life, and improved product quality. Its ability to combine the best properties of various materials makes it indispensable, especially in sectors like food, pharmaceuticals, and e-commerce. 

[sanjeev3214]

Packaging Market Report, Size, Share, Industry Overview, Latest Trends - 2029 

Market Size and Growth 

The packaging market size is projected to reach USD 1.14 trillion in 2024 and is expected to grow to USD 1.38 trillion by 2029, with a compound annual growth rate (CAGR) of 3.89%. This steady growth reflects the rising demand for packaging solutions driven by globalization, e-commerce, and innovative packaging technologies. 

Key Market Trends 

Rise of Flexible Packaging 

Flexible packaging, including pouches and high-barrier films, is gaining popularity due to its versatility and cost-effectiveness. This trend is replacing traditional rigid packaging formats like metal tins and glass jars, particularly for food products.

Increasing Use of Eco-Friendly Materials

The shift towards sustainable packaging is notable, with an increasing preference for recyclable and biodegradable materials. Companies are innovating to meet consumer and regulatory demands for eco-friendly solutions.

Impact of E-commerce on Packaging Demand 

The growth of e-commerce has significantly influenced packaging needs, with a focus on durability and cost efficiency. Packaging designed for direct-to-consumer shipments is evolving rapidly to enhance customer experience and reduce waste. 

Packaging Market Major Players 

The packaging industry is a vast and ever-evolving sector with a significant impact on various other industries. Here are some of the major players in global packaging market today: 

Amcor PLC (Australia): A global leader in flexible packaging solutions for food, beverage, pharmaceutical, 

Mondi PLC (UK): A multinational packaging and paper group with a strong presence in Europe, Central and Eastern Europe, and Asia. 

Huhtamaki Oyj (Finland): A manufacturer of consumer goods packaging, especially for food and beverages, as well as specialty packaging for pharmaceuticals, medical & personal care applications. 

Berry Global Inc (US): A diversified manufacturer of plastic packaging solutions for a wide range of consumer and industrial products. 

Gerresheimer AG (Germany): A leading manufacturer of high-quality specialty glass and plastic products for the pharmaceutical, healthcare, food and beverage, and cosmetics industries. 

Opportunities in the Packaging Industry 

Technological Innovations 

Advancements in technology, such as smart packaging and AI-driven logistics, offer new opportunities for efficiency and enhanced consumer engagement. 

Sustainable Packaging Solutions 

The push for sustainability drives innovation in recyclable and biodegradable materials, creating opportunities for companies to lead in green packaging. 

Emerging Markets 

Emerging markets in Asia, Africa, and Latin America present significant growth potential due to increasing consumer demand and industrialization. 

Challenges in the Packaging Market 

Environmental Concerns 

The environmental impact of packaging, particularly plastic waste, poses a major challenge. Companies are under pressure to develop sustainable solutions. 

Regulatory Hurdles 

Varying regulations across regions can complicate compliance and increase operational costs for packaging companies. 

Supply Chain Disruptions 

Global supply chain disruptions, as seen during the COVID-19 pandemic, highlight the need for resilient and adaptable packaging strategies. 

Market Segmentation 

By Material Type 

Plastic Packaging 

Plastic packaging, both flexible and rigid, remains dominant due to its lightweight and versatile nature. However, environmental concerns are pushing for innovations in recyclable and biodegradable plastics. 

Paper and Paperboard Packaging 

Paper and paperboard are experiencing high growth due to their eco-friendly attributes. Products like paper bags, pouches, and cartons are increasingly popular in food and retail sectors. 

Metal Packaging 

Metal packaging, including cans and tins, offers robustness and extended shelf life, especially for beverages and canned goods. It remains an essential segment despite competition from other materials. 

Glass Packaging 

Glass packaging is valued for its inert nature and premium feel, making it ideal for beverages, pharmaceuticals, and cosmetics. Its recyclability also adds to its sustainability appeal. 

By End-User Industry 

Food and Beverage 

This sector is the largest consumer of packaging products, driving demand for both flexible and rigid packaging solutions to ensure product safety and extend shelf life. 

Healthcare 

The healthcare industry relies on stringent packaging standards to protect pharmaceutical products and medical devices, ensuring they remain sterile and effective. 

Personal Care and Cosmetics 

Packaging in this industry focuses on aesthetics and functionality, with an emphasis on innovative designs and sustainable materials to attract eco-conscious consumers. 

Conclusion 

The packaging market is a dynamic and evolving industry, crucial for global trade and consumer goods. Despite challenges such as environmental concerns and regulatory complexities, the market offers significant growth opportunities through technological innovations and sustainable practices. As businesses and consumers continue to prioritize sustainability, the packaging industry is poised for a promising future. 

[reasonsforhope]

No paywall version here.

"Two and a half years ago, when I was asked to help write the most authoritative report on climate change in the United States, I hesitated...

In the end, I said yes, but reluctantly. Frankly, I was sick of admonishing people about how bad things could get. Scientists have raised the alarm over and over again, and still the temperature rises. Extreme events like heat waves, floods and droughts are becoming more severe and frequent, exactly as we predicted they would. We were proved right. It didn’t seem to matter.

Our report, which was released on Tuesday, contains more dire warnings. There are plenty of new reasons for despair. Thanks to recent scientific advances, we can now link climate change to specific extreme weather disasters, and we have a better understanding of how the feedback loops in the climate system can make warming even worse. We can also now more confidently forecast catastrophic outcomes if global emissions continue on their current trajectory.

But to me, the most surprising new finding in the Fifth National Climate Assessment is this: There has been genuine progress, too.

I’m used to mind-boggling numbers, and there are many of them in this report. Human beings have put about 1.6 trillion tons of carbon in the atmosphere since the Industrial Revolution — more than the weight of every living thing on Earth combined. But as we wrote the report, I learned other, even more mind-boggling numbers. In the last decade, the cost of wind energy has declined by 70 percent and solar has declined 90 percent. Renewables now make up 80 percent of new electricity generation capacity. Our country’s greenhouse gas emissions are falling, even as our G.D.P. and population grow.

In the report, we were tasked with projecting future climate change. We showed what the United States would look like if the world warms by 2 degrees Celsius. It wasn’t a pretty picture: more heat waves, more uncomfortably hot nights, more downpours, more droughts. If greenhouse emissions continue to rise, we could reach that point in the next couple of decades. If they fall a little, maybe we can stave it off until the middle of the century. But our findings also offered a glimmer of hope: If emissions fall dramatically, as the report suggested they could, we may never reach 2 degrees Celsius at all.

For the first time in my career, I felt something strange: optimism.

And that simple realization was enough to convince me that releasing yet another climate report was worthwhile.

Something has changed in the United States, and not just the climate. State, local and tribal governments all around the country have begun to take action. Some politicians now actually campaign on climate change, instead of ignoring or lying about it. Congress passed federal climate legislation — something I’d long regarded as impossible — in 2022 as we turned in the first draft.

[Note: She's talking about the Inflation Reduction Act and the Infrastructure Act, which despite the names were the two biggest climate packages passed in US history. And their passage in mid 2022 was a big turning point: that's when, for the first time in decades, a lot of scientists started looking at the numbers - esp the ones that would come from the IRA's funding - and said "Wait, holy shit, we have an actual chance."]

And while the report stresses the urgency of limiting warming to prevent terrible risks, it has a new message, too: We can do this. We now know how to make the dramatic emissions cuts we’d need to limit warming, and it’s very possible to do this in a way that’s sustainable, healthy and fair.

The conversation has moved on, and the role of scientists has changed. We’re not just warning of danger anymore. We’re showing the way to safety.

I was wrong about those previous reports: They did matter, after all. While climate scientists were warning the world of disaster, a small army of scientists, engineers, policymakers and others were getting to work. These first responders have helped move us toward our climate goals. Our warnings did their job.

To limit global warming, we need many more people to get on board... We need to reach those who haven’t yet been moved by our warnings. I’m not talking about the fossil fuel industry here; nor do I particularly care about winning over the small but noisy group of committed climate deniers. But I believe we can reach the many people whose eyes glaze over when they hear yet another dire warning or see another report like the one we just published.

The reason is that now, we have a better story to tell. The evidence is clear: Responding to climate change will not only create a better world for our children and grandchildren, but it will also make the world better for us right now.

Eliminating the sources of greenhouse gas emissions will make our air and water cleaner, our economy stronger and our quality of life better. It could save hundreds of thousands or even millions of lives across the country through air quality benefits alone. Using land more wisely can both limit climate change and protect biodiversity. Climate change most strongly affects communities that get a raw deal in our society: people with low incomes, people of color, children and the elderly. And climate action can be an opportunity to redress legacies of racism, neglect and injustice.

I could still tell you scary stories about a future ravaged by climate change, and they’d be true, at least on the trajectory we’re currently on. But it’s also true that we have a once-in-human-history chance not only to prevent the worst effects but also to make the world better right now. It would be a shame to squander this opportunity. So I don’t just want to talk about the problems anymore. I want to talk about the solutions. Consider this your last warning from me."

-via New York Times. Opinion essay by leading climate scientist Kate Marvel. November 18, 2023.

[esglatestmarketnews]

ESG Trends in the Green Packaging Industry

Green packaging or eco-friendly packaging or sustainable packaging is anything that reduces the environmental impact. When it comes to the impact of green packaging on the environment and society, it has a very high negative impact both in terms of environmental and social factors.

Fast-moving consumer goods (FMCG) companies, packaging manufacturers and retailers have taken a giant stride towards a circular economy with investments in green packaging. Consumers’ preferences for sustainable packaging and the repercussions of plastics on the environment have prompted governing bodies to look beyond plastic bans.

Spain introduced Plastic Tax (a special tax on non-reusable plastic packaging) by Law 7/2022 to promote a circular economy and manage waste and contaminated soil; the law came into force on January 1, 2023. In August 2021, the Whitehouse introduced REDUCE (Rewarding Efforts to Decrease Unrecycled Contaminants in Ecosystems) Act to encourage recycling and impose a USD 0.10 per pound fee on virgin plastic resins used for the single-use product, rising up to USD 0.20 per pound in 2024.

With single-use plastic becoming ubiquitous, the burden on the environment and society has become a grave concern. So much so that green packaging has become synonymous with biodegradability and instrumental in fostering corporate social responsibility. That said, several companies have received the flak for greenshifting—a part of greenwashing wherein brands shift blame from themselves to consumers in a way that would not hold specific companies accountable for the environmental crisis. Several pundits, including Heather Rogers, claimed that Coca-Cola and companies, such as Dixie Cup launched—Keep America Beautiful—aimed at making Americans believe that it was their personal responsibility to keep the environment clean. 

Environmental claims are pervasive in Europe, too. The Guardian cited a Changing Markets Foundation report, noting that P&G ‘s Head and Shoulders shampoo bottles—dyed blue—cannot be recycled further, although these products are touted as being made of beach plastic. Meanwhile, P&G stated that the pack was recyclable and is no longer available in the U.K. While consumer protection laws are in place, better ESG performance has become invaluable for brands to avoid landfills and bolster share value. 

Key Companies in this theme

    • Amcor

    • DuPont

    • Mondi

    • Sealed Air

    • DS Smith

Is your business one of participants to the Green Packaging Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Amcor Invests in Responsible Packaging to Enhance Environmental Profile

Sustainable packaging solutions have received global traction to facilitate a circular economy. Recycled-ready products can be the mainstay for brands striving to keep abreast of ESG trends. For instance, Amcor is gearing up for 30% recycled material across its portfolio by 2030, up from the previous target of 10% by 2025. In January 2022, the company committed to establishing science-based targets and attaining net-zero emissions by 2050. It is contemplating augmenting recycling value for PET Thermoformed Trays; boosting value in PET recycling; using on-pack recycling instruction; minimizing virgin plastic use in B2B plastic packaging; and bolstering recycling value in rigid HDPE and PP. 

Amcor has forayed its penetration in Latin America to ramp up “inclusive and economically viable recycled projects.” It joined forces with Delterra in Olavarría, Argentina to fund the project boosting recycling, waste collection and composting. Olavarría could recover 2,000 metric tons of plastic annually by 2024. It is worth mentioning that the brand is poised to make all packaging recyclable, reusable or compostable by 2025. In FY 2022, Amcor Flexibles Latin America teamed up with a customer to create an innovative compostable packaging solution for paper-made butter and margarine. 

Mondi Navigates Social Initiatives to Enhance Sustainability Solutions

The need for positive social practices has prompted industry players to inject funds into diversity, health & well-being, and community welfare and play a part in overcoming sustainability challenges. Mondi expanded its footprint in Africa through investments in corporate social projects and offering sustainability training opportunities in South Africa. Besides, in 2022, it poured €8.9 million (approximately USD 9.8 million) into social initiatives to underpin environmental protection, health, education, infrastructure and local enterprise. Amidst Russia’s invasion of Ukraine, the packaging and paper group donated €2 million (roughly USD 2.2 million) to the World Food Program for humanitarian causes. 

Mondi furthered personal development opportunities, mental health and diversity and inclusion. The company tested Mental Wellbeing Index for employee surveys across different locations to emphasize safety, mental health, inclusive behavior and climate action. Additionally, in 2022, approximately 31% of all employees participated in the online Performance and Development Review Process. 

DS Smith Reinforces Good Corporate Governance

The principles of sound corporate behavior, board diversity, transparency, ethics & compliance and anti-corruption have become paramount to underscore brand position. DS Smith is aiming to engage 100% of its people on the circular economy and is optimistic about removing 1 billion pieces of problem plastics from supermarkets by 2025. Bullish corporate policies could complement buoyant strategies to achieve the target and spearhead the ESG rankings. The company has formed a circular business around sustainable packaging. 

The prevalence of bottlenecks, such as bribery and corruption, has compelled DS Smith to introduce strict anti-bribery and anti-corruption policies. The company has exhorted a zero-tolerance approach to bribery and corruption and urged to conduct third-party background checks by reviewing third-party’s likely business partners; and the payment terms, among others. The company also prepares a companion report, along with the sustainability report annually, to provide a deep-dive into the quantitative detail of ESG and sustainability performance across non-financial indicators. 

At a time when sustainable packaging could bring a green revolution, forward-looking companies are expected to inject funds into ESG strategies. For instance, in March 2023, DuPont joined forces with the members of the Water Resilience Coalition to infuse USD 3 million to boost access to safe water and sanitation. The high-impact investment validates Grand View Research’s projection of the global green packaging market at 6.1% CAGR from 2020 through 2028. 

Related Reports:

Plastic Package Industry ESG: https://astra.grandviewresearch.com/plastic-package-industry-esg-outlook

Plastic Industry ESG: https://astra.grandviewresearch.com/plastic-industry-esg-outlook

[mrudula01]

Molded Pulp Packaging Market: Sustainability Innovates Packing Processes

According to United Nations Environment Programme, around 36% of all plastics produced are applied in packaging, including single-use plastic containers. However, plastic pollution is a grave environmental concern, with around 85% of plastic packing ending up in landfills or as unregulated waste. The widespread plastic contamination has fostered the growth of plastic-free packaging solutions like molded pulp. Based on our estimates, the molded pulp packaging market is set to advance significantly over the forecast period 2023-2030, with a CAGR of 7.19%.

Molded pulp or molded fiber packaging has been restricted to niche segments, including egg trays. However, the growing use of various wood and non-wood pulp sources in manufacturing has expanded its application scope to various sectors, including beauty, food, and electronics. For instance, Knoll Packaging introduced its 100% Ecoform molded pulp compacts (using bamboo, wood, and sugarcane fibers) to replace conventional plastic compacts.

Consumer inclination towards greener products has dramatically increased molded fiber inclusion across multiple consumer goods industries, especially food packaging.

Sustainability Reforms Packaging Approach

Food packaging is among the major application categories in the molded pulp packaging market. Since the material is fabricated of a microporous structure enabling water absorption, its demand for perishable food packing has elevated. Moreover, its lightweight and high-strength properties have fueled its adoption for ready-to-eat meals and beverages. Plates, clamshells, cups, and bowls are widely adapted as packing solutions for various consumables, including vegetables, fruits, and juices. As per the World Economic Forum, the food industry accounts for over a third of global greenhouse gas emissions, which significantly drives the demand for sustainable solutions like molded pulp fibers.

Our analysis shows that Asia-Pacific leads the molded pulp packaging market globally. The rising disposable income and strategic initiatives heavily prompt the region’s growth. For instance, in March 2023, PulPac announced Nippon Molding Co Ltd as its first licensee in Japan, expanding its dry molded fiber production to Asia. Further, in April 2023, Sanofi and Haleon associated with PA Consulting and PulPac’s Bottle Collective Mission to develop a recyclable high-speed, low-cost dry molded fiber bottle production process. Such steps are thus expected to widen the scope of the studied market across the APAC region.

Technology-Driven Packaging: A Step Ahead for Molded Pulp

Advanced technologies like 3D printing have made molded pulp packaging manufacturing less energy-intensive. One such instance is HP’s Molded Fiber Advanced Tooling Technology, which enables fast and advanced design and production of molder fiber in 2 weeks as opposed to 4-6 weeks via conventional methods. As per the company, the end-to-end solution helps reduce maintenance and offers mass customization capabilities.

Over the past years, manufacturing technology has advanced immensely, giving final products smoother surfaces and refined designs. This upgraded appearance has also expanded the application range of pulp packaging across healthcare, industrial, and personal care industries. Based on the premise of eliminating costly production, 3D printing further emerges as an eco-friendly manufacturing solution. This ultimately creates opportunities for molded pulp manufacturers.

E-Commerce Expansion Amplifies Molded Packaging

Online shopping trends have existed for several years. However, COVID-19 accelerated its growth, resulting in e-commerce sales surging from 16% to 19% in 2020, as per UNCTAD report. Particularly, the food delivery sector witnessed robust growth, leading to the expansion of various delivery applications, including UberEats, Postmates, and DoorDash. Since molded pulp packaging offers easy transportation and supports recycling, several e-commerce players have adopted this packaging method. Therefore, expanding online sales creates a profitable market space for molded pulp in the packaging industry.

FAQs:

Q1) Which are the key types in the molded pulp packaging market?

Thick wall, thermoformed, transfer, and processed as key molded types in the market.

Q2) Which are the major molded pulp manufacturers?

Genpak LLC, UFP Technologies Inc, Sabert Corporation, Eco-Products Inc, Thermoform Engineered Quality LLC, Huhtamaki OYJ, Pro-Pac Packaging Group, Brodrene Hatmann AS, Sonoco Products Company, and Fabri-Kal are major molded pulp manufacturers.

[mohitbisresearch]

Sustainable Films Market for packaging to grow at a significant CAGR 7.0% during 2022-2031. Sustainable Films Industry for packaging report by BIS Research provides deep market insight, industry analysis, trends & forecast to 2031 that will help your business to grow.

[tbrcresearchreport]

The Business Research Company offers cold chain packaging market research report 2023 with industry size, share, segments and market growth

[coldpenguintaco]

Pet Food Packaging Market Company Profiles, Product Specification, Revenue and Forecast| MarketsandMarkets™

Pet food packaging is the type of packaging used to store and protect pet food. It is an important part of the pet food industry, as it helps to ensure the food is safe and fresh while also helping to maintain its quality and appeal. The packaging also helps to extend the shelf life of pet food, ensuring it stays fresh and appealing for longer. Common types of pet food packaging include metal…

[tritonmarketresearch]

Global Flexible Packaging Market to Exhibit 4.66% CAGR by 2028

Triton Market Research presents the Global Flexible Packaging Market segmented by Raw Material (Paper, Bioplastic, Aluminum, Plastic), Application (Food & Beverage, Pharmaceuticals, Cosmetics, Others), Type (Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags, Wraps), Printing Technology (Flexography, Rotogravure, Digital Printing, Others), and Geography (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa).

It further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter’s Five Forces Model, Market Attractiveness Index, Vendor Scorecard, Industry Components, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2022-2028).

Triton Market Research’s report states that the global market for flexible packaging will expand with a 4.66% of CAGR during the forecasted period of 2022 to 2028. In terms of volume, the market is expected to progress at a CAGR of 4.01% by 2028.

Request free sample:

https://www.tritonmarketresearch.com/reports/flexible-packaging-market#request-free-sample

Flexible packaging is the least-expensive material that comes with great durability and ensures product protection. These are an ideal solution for businesses looking for eco-friendly and customized packages that suit the product, brand, and other needs. Moreover, the shift to a green environment has influenced industries to adopt convenient and environment-friendly packaging. Besides, the rising trend of portable products such as food, beverages, pharmaceuticals, etc., has significantly boosted the demand for flexible packaging. The growing urbanization has also increased consumers’ focus on convenience in packaging, allowing manufacturers to provide innovation in packaging options. Hence, these factors are driving the market’s growth.

However, the cost of operations has constantly increased over the years. The materials account for 60% of the total expenses, followed by labor, manufacturing, and marketing costs. Therefore, manufacturers are increasing product costs to overcome the price rise of materials, especially aluminum, plastic, and resin. Such an increase in operational costs is restraining the growth of the flexible packaging market.

The Asia-Pacific holds the largest market for flexible packaging and is expected to bolster over the forthcoming years. The upsurge in the market is attributed to the rising packaged food market, growing plastic production, and private investments in flexible packaging. Moreover, due to the availability of low-cost labor and increasing domestic demand, the regional manufacturers are focusing on investments, expansions, acquisitions, and new product launches to expand their market share. Thus, these developments are expected to augment the growth of the flexible packaging market.

The key companies profiled in the flexible packaging market are Bryce Corporation, TCL Packaging, Takigawa Corporation, KM Packaging Services Ltd, Okura Industrial, American Packaging Corporation, Coveris Management GmbH, Solvay SA, Sealed Air Corporation, Kohjin Film & Chemicals Co Ltd, Mitsui Bussan Packaging Co Ltd, Bischof + Klein SE & Co KG, EPAC, Rengo Co Ltd, Michelman Japan LLC, Flair Flexible Packaging Corporation, Dai Nippon Printing Co Ltd, Hosokawa Yoko Co Ltd, Amerplast, Amcor Ltd, Mondi Group, Korpack Corporation, Asahi Kasei, and Handoo Package Co Ltd.

The market shows a high degree of competition due to a large number of manufacturers providing product differentiation. Such manufacturers introduce application-specific products along with technological innovation in product design and raw materials, thus increasing the competitive rivalry.

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