According to the latest analysis of Freedonia group, it is estimated that the demand for pulp molded (or fiber molded) packaging in the United States will grow at an annual rate of 6.1% and reach US $1.3 billion by 2024. Due to the environmental advantages of pulp molding, especially its recyclability, biodegradability and compostability in industrial facilities, its demand is expected to rise at a strong speed.
Key factors driving strong sales growth include:
1. The performance advantages of pulp molding, including excellent cushioning, support and barrier properties, are widely recognized;
2. The development of pulp molding products that are more competitive than plastic substitutes in terms of cost, performance and aesthetics;
3, people strongly oppose the disposable plastic products made of foamed polystyrene (EPS) foam, and prohibit some EPS food packaging products.
Food tray / filler board and carton will still be the two main types of pulp molding packaging
By 2024, pallets and filler plates for eggs, apples and other types of fruits and vegetables will still be the main packaging products of pulp molding, accounting for more than 20% of sales. Pallets and plates, as well as egg trays, are the earliest uses for pulp molding because of their excellent cushioning properties and low cost.
Egg tray will continue to account for second of the share of pulp molding sales, because egg producers will rely on this package to obtain the same protection and price as EPS foam.
The market share of pulp molded egg trays will increase slightly, mainly due to its superior Sustainability (pulp molded containers are recyclable, biodegradable and compostable in some areas).
Compared with plastic, pulp molding packaging is less beautiful, but it helps to convey a “farm fresh” image, which is what many egg suppliers need to achieve product differentiation.
Post time: Jul-14-2021