Pulp Moulding Machines Market is estimated to be valued at ~ US$ 692 Mn, and is projected to grow at a CAGR of ~ 3.6% during the forecast period
As the world is transitioning towards sustainable and eco-friendly packaging solutions, the demand for biodegradable packing and storage solution is on the rise. FMI estimates that the pulp moulding machine market will experience a year-on-year growth rate of 3.4% in 2021.
As per Future Market Insights (FMI) analysis, the pulp moulding machine market will generate revenue, totaling US$ 692 Mn in 2021. Between 2021 and 2031, the market is forecast to exhibit compound annual growth rate (CAGR) of 3.6% by the end of 2021.
Leading companies such as Huhtamaki Oyj., Brodrene Hartmann A/S, BeSure Technology Co. Ltd., and Acorn Industry will account for nearly 8 to 10% sales in the market in 2021.
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Sales of advanced pulp moulding machines are projected to increase with rising demand for single-use sustainable packaging products. The need for automation, improved efficiency, and lower energy consumption in manufacturing of packaging products is leading end users to adopt more advanced pulp molding machines.
In order to satisfy the evolving customer demand for better performing machinery at reasonable prices, manufacturers are adopting the strategy of up-gradation and optimization. Pulp moulding machine manufacturers are actively focusing on quality improvement of their products and energy optimization in production. The European pulp moulding machine manufacturers are at the forefront in research & development activities.
Rotary machines with automatic features are expected to be highly attractive pulp moulding machines during the forecast period. As small & medium scale end users adopt pulp molding machines, sales of semi-automatic pulp moulding machines are estimated to grow at an impressive rate during the forecast period.
The pulp moulding machine with 1,501-3,500 units/hr. capacity is likely to gain momentum in the global pulp moulding machines market, owing to affordability and efficiency.
The rising demand for molded pulp trays from the food & beverages industry is expected to boost the demand for tray pulp moulding machines. Fruit & egg packaging is estimated to be the leading end-use application of pulp moulding machines in 2021.
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2019 – 2029 Pulp Moulding Machines Market Outlook In Comparison to 2021 – 2031 Forecasts
Initiatives undertaken to eliminate the use of plastics and protect environment has elevated the demand for paper based packaging solutions in recent years. Increasing demand for disposable storage containers has boosted the pulp moulding machine market sales.
In its recent report, FMI has estimated that the pulp moulding machines market will grow at 3.6% CAGR from 2021 to 2031. Increasing use of single use and biodegradable containers will accelerate growth in the coming years.
Improved product offerings and services by pulp moulding machines manufacturers along with capacity expansion will boost the pulp moulding machine market growth.
Key Companies Profiled
- Huhtamaki Oyj.,
- Brodrene Hartmann A/S,
- BeSure Technology Co., Ltd., and
- Acorn Industry
Key Segments Covered in Pulp moulding machines Market Study
Capacity Type:
- < 1,500 units/hr.
- 1,501-3,500 units/hr.
- 3,501-5,500 units/hr.
- Above 5,500 units/hr.
Machine Type:
- Automatic
- Semi-automatic
- Manual
Product Type:
- Rotary
- Reciprocating
Application:
- Trays
- Boxes & Containers
- End Caps
- Cups & Bowls
- Plates
- Drink Carriers
- Others
End Use:
- Food & Beverages
- Egg Packaging
- Wine Packaging
- Fruit Packaging
- Others
- Electrical & Electronics
- Automotive
- Healthcare
- Consumer Goods
- Cosmetic & Personal Care
- Others
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