Global Molded Pulp Basket Market: An overview
Molded pulp products are made from cellulose fiber. Molded pulp baskets are used as a protective packaging for many products in food and beverage. Molded pulp basket has properties such as high strength, durability and low cost. Molded pulp baskets are recyclable, biodegradable. Sustainable and reduces input and disposal costs compared to other petroleum-based materials. The applications of molded pulp basket includes egg cartons, packaging in logistics, carrying trays and for the decorating purposes in the households. Molded pulp basket are primarily used for the packaging of manufactured products or for food related carriers, such as food containers and serving trays. Due to increasing number of end users in this market, there is slight increase for the demand in the molded pulp basket market. Globally, the molded pulp basket market in the Northern American and Western European region is likely to grow gradually in the forecast period.
Global Molded Pulp Basket Market: Dynamics
With the increasing urbanization and consciousness for better packaging and awareness towards environment among the people are the leading factors for the growth of molded pulp basket market globally. Molded pulp basket are generally made from recycled newspapers that makes it eco-friendly. Molded pulp basket used for packaging not only protects the material but also prevents from rupture during transportation across the supply chain. As molded pulp baskets are totally renewable and bio degradable in nature which makes it more popular than its alternatives. Due to the properties like high strength, durability and cost efficiency and eco-friendliness, the molded pulp baskets can hamper the plastic industry in the market.
In the recent years, consumers are seeking sustainable packaging to the extent that it affects the choices that plays important role in the escalation of molded pulp baskets market. With the technological developments the molded pulp basket designs are more sturdy and effective. The growth of e-commerce will create a demand for standardized packaging sizes which is likely to escalate the demand for molded pulp baskets market. Most of the manufacturing companies focus on the recyclability rather than sustainability of the molded pulp basket which can affect the growth of market. Also the stringent government regulation across the globe can affect the market of molded pulp baskets.
Global Molded Pulp Basket Market: Segmentation
Global molded pulp basket market can be segmented on the basis of molded pulp type, pulp source type, applications, end users and regions.
On the basis of molded pulp type, the global molded pulp basket market is segmented into:
On the basis of pulp source type, the global molded pulp basket market is segmented into:
On the basis of application, the global molded pulp basket market is segmented as:
On the basis of end users, the global molded pulp basket market is segmented as:
On the basis of region, the global molded pulp basket market is segmented as:
The regions such as Middle East and Africa, Northern Africa, GCC countries are likely to incline towards the molded pulp basket market. In the Asia Pacific regions the molded pulp basket industry proved to be dominant throughout the forecast period. The Western and Eastern European molded pulp basket market account for a significant market share in the European packaging market.
Global Molded Pulp Basket Market: Key players
Some of the global key players in the molded pulp basket market are as follows:
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