According to the research report titled ‘North America Molded Pulp Packaging Market Forecast 2027 By End-user, By Material, By Product, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America molded pulp packaging market is anticipated to amass USD 1.09 billion by the year 2027.

Increasing demand for eco-friendly packaging materials, and flourishing food & beverages industry due to growing demand for pre-cooked & packaged foods are the major growth determinants for North America molded pulp packaging market.

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Furthermore, product usage in variety of industries, including livestock and poultry, agriculture, and electronics is expected to boost the industry outlook.

Based on end-user scope, the egg segment is anticipated to grow significantly over the forecast period, due to growing cognizance about the benefits of eating eggs over meat, less expensive nature, and more frequent availability than meat-based products.

Whereas food & food service segment is slated to garner a valuation of USD 60 million by 2027, because of increasing per capita income of individuals, and growing demand for processed & pre-cooked foods.

In terms of type terrain, North America molded pulp packaging industry share from industrial molding pulp segment is slated to be worth USD 150 million by 2027, owing to several benefits of manufacturing process like high density, precise size, lesser shrinkage, and high mechanical strength.

On the basis of product, the trays segment held 80% market share in 2020 and is likely to grow at a rapid pace by 2027, due to widespread application in food & beverages, pharmaceutical, and electronic industries for safe transportation of fragile
products.

The U.S. industry accounted for 85% revenue share in 2020 and is poised to grow considerably through 2027, owing to rising poultry and agriculture sectors, and incorporation of meat products into the diets of individuals in the country.

Stora Enso Oyj, Austin Foam Plastics (AFP) Inc., CMPC (Compañía Manufacturera de Papeles y Cartones), DS Smith plc, Huhtamäki Oyj, Alta Global Inc., Western Pulp Products Company, Pacific Pulp Molding Inc., Sonoco Products Company, UFP Technologies Inc/, and Smurfit Kappa Group plc are the major players in North America molded pulp packaging market.