According to the research report titled ‘Pulp Molding Machines Market Size By Product, By Machine Type, By Power Capacity, By End-user Industry, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, global pulp molding machines market is anticipated to record substantial growth during 2020-2026.
 

Industry experts claim that escalating demand for molding machines across numerous end-use verticals including automotive, consumer goods, personal care, healthcare, and food & beverages is bolstering the growth of global pulp molding machines market size.
 

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For the record, these machines are the primary equipment used during the production of pulp molding, as well as for recycling paper pulp into products such as fruit trays, egg boxes, shoe trays, and seed trays.
 

Based on product, the report states that reciprocated pulp molded machine segment is predicted to register a 3% CAGR over the analysis timeframe. Rising demand for sustainable packaging solutions from the food & beverage vertical along with increasing product adoption due to the beneficial attribute of utilizing wastepaper as raw material are fostering the expansion of the segment.
 

With regards to machine type, the automatic machine segment of global pulp molding machines market is estimated to account for USD 380 million by the year 2026. Simple operation of the machines coupled with enhanced efficiency are fueling the expansion of the segment.
 

Moving on to power, the report cites that above 5,500 units/hour power output segment is predicted to amass revenues worth USD 105 million by 2026. Surging product demand from large scale frozen foods industries is augmenting the growth of the segment.
 

Elaborating on the end-user spectrum, global pulp molding machines market share from electrical & electronics segment is projected to exhibit a 2% CAGR over 2020-2026. Establishment of new manufacturing facilities along with flourishing electronics sector are assisting the segmental size.. Other attributes such as enhanced plasticity, easy manufacturing process, and reduced amount of pollution are contributing to the growth of the segment.
 

As per the regional analysis of the report, Middle East & Africa pulp molding machines market is predicted to register a CAGR of 3.2% through 2026, primarily due to flourishing personal care, restaurant, as well as automotive industries in the region.
 

The companies that have an authoritative status in global pulp molding machines market are DKM Machine Manufacturing Inc., Acorn Industries LLC, Southern Pulp Machinery (Pty) Ltd., HGHY Pulp Molding Pack Co., Ltd., Inmaco Solutions B.V., TAIWAN Pulp Molding Co., Ltd., Guangzhou Nanya Pulp Molding Equipment Co., Ltd., K. U. Sodalamuthu And Co. Private Limited (Sodaltech), BeSure Technology Co. Ltd., and Beston (Henan) machinery Co., Ltd.