According to Future Market Insights research, during the projected period, the global molded fiber pulp edge protectors is set to enjoy a valuation of USD 1.4 Billion in 2022, and further expand at a CAGR of 5.9% to reach USD 2.5 Billion by the year 2032.
The sales for molded fiber pulp edge protectors is projected to fuel with the top companies estimated to holda round 20 to 25% of the global market.
The transfer molded pulp segment by product type is projected to hold the major portion of the global molded fiber pulp edge protectors market. The same segment is projected to expand 1.6 times the current market value during 2022 to 2032.
| Attributes | Details |
|---|---|
| Market Size 2022 | USD 1.4 Billion |
| Market Size 2032 | USD 2.5 Billion |
| Value CAGR (2022 to 2032) | 5.9% |
| Collective Value Share: Top 3 Countries (2022) | 30 to 35% |
According to the FMI analysis, the molded fiber edge protector market revenue totaled USD 1.3 Billion in 2021. With the driving demand from the various end-users, the global molded fiber pulp edge protector market is projected to reach USD 2.5 Million by 2032, speeding up at a CAGR of 5.9% during the forecast period.
The molded fiber pulp edge protectors market is expected to experience positive growth during the forecast period. A new projection of FMI forecasts that molded fiber pulp edge protector’s sales will rise during 2022 to 2032 and is projected to generate an attractive incremental growth opportunity of USD 1.1 Billion.
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The global molded fiber pulp edge protectors market has grown at a CAGR of 5.2% during the historic period with a market value of USD 1.3 Billion in 2021.
Molded Fiber Edge Protectors are made up of biodegradable materials like recycled papers, cardboard. They were having a property of shock absorption properties which ensure the protection of the products from getting damaged and are used for easy transportation, handling, and safe storage of products.
The demand for fiber pulp is expected to grow majority in the food & beverages and personal care industry as the increasing demand for eggs and trays, as this packaging solution is utilized for the packaging of eggs. Transfer molded products are used to package electrical devices, mobile phones, and other hardware and home goods.
Molded pulp is a versatile material that continues to experience significant growth and opportunities in terms of protection and packaging. Historically, expanded polystyrene (EPS) packaging has been considered clever packaging for the protection of products in distribution.
Molded fiber pulp packaging has better grip, shock absorption, and elasticity. Molded fiber pulp packaging has been used for a wide range of products from packaging of wine bottles and cosmetics to cushions for computers, protective package for candles, and inserts for mobile phones
However, molded fiber pulp edge protectors have seen widespread use as it is environment-friendly packaging with excellent vibration-dampening and cushioning properties. It offers reliable protection of products against damage caused by impacts during transportation and storage.
Based on transfer molded fiber pulp is anticipated to hold 54% market share during forecast period. it is expected to grow 1.5 times the current market value during 2022 to 2032.
Based on molded type, the transfer molded fiber pulp holds the major portion of this market. Due to the material's moisture-absorbing quality and air permeability, transfer molded pulp packaging is widely used in food packaging applications.
This enhances the shelf life of food that are being transported. Additionally, stress absorption offered by molded pulp packaging reduces breakage and damage to items, especially to eggs, fruits, vegetables, and alcoholic and non-alcoholic beverages.
Based on the end-use industry, the shipping & logistics segment will boost the market for molded fiber pulp edge protectors. The target segment is anticipated to expand 1.4 times the current market value during 2022 to 2032.
The reason behind increasing molded fiber pulp edge protectors in shipping and logistics is the higher demand for e-commerce businesses and the rise in globalization. These factors are driven shipping and logistics industry. Molded fiber pulp edge protectors are used to absorb vibration and shock for several applications
USA molded fiber pulp edge protectors market is expected to grow at CAGR 3.9% during 2022 to 2032.
North America has planned a strategy to curb the use of single-use plastic products that are likely to discourage the use of foam (EPS) in a variety of food and foodservice packaging.
Furthermore, nearly a dozen US cities including New York, Seattle, and Washington, DC have banned or taxed the use of polystyrene single-use products such as clamshells, cups, and other food and food service packaging. Overall these factors drive US molded fiber pulp edge protectors market.
Market expansion is expected to be supported by rising consumer demand for environmentally friendly, biodegradable packaging alternatives to their plastic equivalents. Numerous small- and medium-sized businesses produce egg trays and fruit trays utilizing recycled pulp in this extremely disorganized industry.
The Ministry of Environment, Forest and Climate Change drafted a plastic management rules to use single – use plastic. As a result, sustainable packaging manufacturers were expected a huge growth in coming years. Molded fiber pulp is made from recycled papers, recycled cardboard and natural fibers.
The key players are dedicated towards increase sales and revenues through the continuous launch of innovative products and increasing their production to fulfill customer requirements.
They were expanding their business to worldwide nations and manpower by merger and acquisition of the company which results in huge profit share from the worldwide nation. They were working on what a customer needs and providing the solution as their necessity.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.9% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Molded Pulp Type, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, ASEAN, North Africa, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Huhtamaki; Greenweimo packaging; Henry Molded products; CSL Packaging; Buhl paperfoam; FiberCel; Tridas; RyPynax; Winner Pulp; BonitoPak; Best Plus Pulp; Golden Arrow; Packingcity; Oalvand; Pacific pulp |
| Customization & Pricing | Available upon Request |
In 2021, the market value of global molded fiber pulp edge protectors market was US$ 1.3 Bn.
During the forecast period, the global molded fiber pulp edge protectors market is anticipated to expand at a CAGR of 5.9%.
By the end of 2032, the global molded fiber pulp edge protectors market is projected to reach US$ 2.5 Bn
East Asia molded fiber pulp edge protectors market is expected to grow at CAGR 7.1% during 2022-2032.
During the forecast period, transfer molded by molded pulp type is likely to be the fastest-growing product type segment in the global molded fiber pulp edge protectors market.
The reason of growing molded fiber pulp edge protectors market is rising demand for protective packaging across automotive sector.
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