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 expected to generate revenues worth USD 1.09 billion by the year 2027.
 

Growing demand for environmentally friendly packaging solutions, rapid expansion of food & beverage sector, and widespread adoption of pre-cooked and packaged food products are majorly driving the growth of North America molded pulp packaging market.

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Rising adoption of molded pulp packaging solutions in electronics, agriculture, and meat & poultry sectors in tandem, improving economic conditions, and mounting meat consumption are also stimulating the overall industry outlook.

By type, the report cites that the industrial segment is likely to account for USD 150 million by the year 2027. Industrial molding pulp is known to offer various benefits such as accurate size, large density, high mechanical strength, and lower shrinkage, which in turn is fueling the segmental share.

Based on product landscape, the trays segment captured 80% market share in the year 2020. This can be attributed to widespread adoption of molded pulp trays for packaging and transporting fast-food drinks and eggs. These trays provide high durability and flexibility and are also being used in the pharmaceutical sector.

Citing the end-user terrain, North America molded pulp packaging industry size from food & food service sector is expected to amass revenues wroth USD 60 million by the year 2027. Rising per capita income, increasing consumption of convenience food products, and growing demand for high-quality packaging solutions are favoring the overall market outlook.

Geographically, the U.S. captured 85% market share in 2020 and is likely to depict similar growth trends in the ensuing years. Rapid industrial expansion and mounting meat consumption are complementing the business dynamics in the United States.

The competitive landscape of North America molded pulp packaging market is defined by companies such as Stora Enso Oyj, Austin Foam Plastics Inc., CMPC, DS Smith, Huhtamaki Group, Alta Global Inc., Western Pulp Products Co., Pacific Pulp Molding Inc., Sonoco Products Company, UFP Technologies Inc., and Smurfit Kappa Group plc.