Insights on the Molded Pulp Packaging Global Market to 2028 - by Source, Molded Type, Product, Application and Segment Forecasts
Dublin, July 05, 2021 (GLOBE NEWSWIRE) -- The "Molded Pulp Packaging Market Size, Share Trends Analysis Report by Source (Wood, Non-Wood), Molded Type (Thermoformed, Transfer), Product (Clamshells, Trays), Application, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com''s offering. The global molded pulp packaging market size is expected to reach USD 6.1 billion by 2028., expanding at a CAGR of 6.1% over the forecast period. Growing demand for eco-friendly sustainable packaging from the end-user segments owing to growing awareness regarding the adverse effects of plastic pollution is expected to be the key driver for the market. The Covid-19 pandemic has benefitted the molded pulp packaging owing to increased demand for eggs from the retail segment. In addition, increasing demand for home deliveries of fresh food, vegetables, and other grocery items owing to restrictions on the movement of the public also supported the market growth. However, shortages of raw material owing to supply chain disruption have increased the prices of the packaging products.
Insights on the Molded Pulp Packaging Global Market to 2028 - by Source, Molded Type, Product, Application and Segment Forecasts
Dublin, July 05, 2021 (GLOBE NEWSWIRE) -- The "Molded Pulp Packaging Market Size, Share Trends Analysis Report by Source (Wood, Non-Wood), Molded Type (Thermoformed, Transfer), Product (Clamshells, Trays), Application, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com''s offering. The global molded pulp packaging market size is expected to reach USD 6.1 billion by 2028., expanding at a CAGR of 6.1% over the forecast period. Growing demand for eco-friendly sustainable packaging from the end-user segments owing to growing awareness regarding the adverse effects of plastic pollution is expected to be the key driver for the market. The Covid-19 pandemic has benefitted the molded pulp packaging owing to increased demand for eggs from the retail segment. In addition, increasing demand for home deliveries of fresh food, vegetables, and other grocery items owing to restrictions on the movement of the public also supported the market growth. However, shortages of raw material owing to supply chain disruption have increased the prices of the packaging products.