Pulp Moulding Machines Market Snapshot
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.
Key Points Covered in Pulp Moulding Machines Market Study
- Market estimates and forecast 2021 – 2031
- Key drivers and restrains impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competitive Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact On Pulp Moulding Machines Market and How to Navigate
- Recommendation on Key Winning Strategies
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.
For instance, in 2020, Brodrene Hartmann A/S announced that the company is planning to invest approximately US$ 64 Mn for expanding its production capacity along with up gradation of its machinery at its factory in Europe and U.S.
In May 2021, Huhtamaki announced to set-up a new manufacturing facility in KwaZulu-Natal in South Africa with the aim to cater the growing needs of existing and new egg packaging customers in the area. The company is planning to offer broad range of locally produced packaging solutions in order to penetrate the East African market.
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Pulp Moulding Machines Market – Key Research Findings
According to Future Market Insights’ recent market report titled “Pulp Moulding Machines Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2021-2031”, rising demand for moulded fiber packaging from the food & beverages industry is likely to drive the growth of the pulp moulding machines market during the forecast period. The global pulp moulding machines market in 2021 is estimated to be valued at ~ US$ 692 Mn, and is projected to grow at a CAGR of ~ 3.6% during the forecast period.
Key Factors Shaping the Pulp Moulding Machines Market
Adoption of Sustainable Packaging by QSR & CPG Companies
The vigorous growth of the food industry is, in turn, driving the growth of allied sub-sectors including the food service packaging sector. The increasing number of quick-service restaurants (QSR) across the globe has been fueling the demand for foodservice disposables. Such restaurants are minimizing efforts to clean and maintain the used containers.
Hence, the need for single-use, low-cost disposable containers have gained traction over the years. Most of the foodservice outlets in Western European countries prefer moulded fiber pulp packaging solutions. The packaging manufacturers are looking forward to differentiating themselves in the marketplace through new product development.
The use of sustainable material in packaging product is one of the key efforts to stand out in the competition. In July 2018, Be Green Packaging LLC, a moulded fiber packaging manufacturer, developed moulded fiber trays for consumer packaged goods (CPG) packaging.
Intense Competition between Chinese & European Players in Terms of Price & Quality Offerings
Different companies from the Chinese market are offering pulp moulding machines at competitive prices, which is beneficial for East & South Asian end users, particularly SMEs. This is expected to affect the growth of the European pulp moulding machines market in the coming years.
Irrespective of the positive outlook, increasing number of players in the pulp moulding machines market and instability of pulp moulding machines component prices are leading to a decrease in the profitability margins. In addition, the entry of new players, especially in the Asia Pacific region, an increase in the manufacturing capability of existing players, and the demand for a higher margin by distributors continue to affect the profitability margin.
Thus, pulp moulding machines manufacturers will need to establish strong relationships with customers & distributors to strategically position their products in terms of price, to hold up in the competition.
Pulp Moulding Machines Market: Regional Analysis
Increasing demand for eco-friendly packaging, significant growth of the foodservice industry, and rising disposable incomes in the East & South Asia regions are key factors for the pulp moulding machines market growth. China is expected to be dominant in terms of pulp moulding machines demand and production.
The Asian countries opt for sustainable materials in consumer goods and food packaging, which is a critical factor for the growth of the pulp moulding machines market.
Although Europe remains in the vanguard in terms of market share, it is projected to witness a sluggish growth in the pulp moulding machines market during the forecast period. The continuous expansion of the foodservice industry using eco-friendly packaging solutions is the key factor that is expected to drive the growth of the pulp moulding machines market during the forecast period.
Germany is expected to dominate the European pulp moulding machines market during the forecast period by accounting for relatively large market share in the region.
Pulp Moulding Machines Market: Trends
- The pulp moulding machines manufacturers are improvising their product and service offerings by continuous development, expansion, and advance customer services. Some examples of initiatives taken by key players to enhance the market position are as follows:
- In November 2018, the Huhtamäki Oyj invested ~ US$ 8 million to expand its fiber packaging business in the Russia and Nordics market.
- Brodrene Hartmann A/S is focusing on the up-gradation of equipment/machinery along with service enhancement to gain new consumer-based. The company is mainly offering troubleshooting and maintenance services to its client.
- ZH Moulded Pulp Co., Ltd. is focusing on partnerships with exporters, importers, suppliers, and traders of pulp machinery to strengthen its distribution network across the globe.
- HGHY Pulp Molding Pack Co., Ltd. is providing all range of services to its clients such as installation, maintenance, and after-sales services.
Pulp Moulding Machines: Structure Analysis
The global pulp moulding machines market is characterized by the presence of several established players, which accounts for considerable market share. With high-quality machine manufacturing & sales growth, the European companies are estimated to be the tier 1 players in the global market.
Tier 1 players are characterized by high segmental revenue and adoption of strategies such as expansion & product development. Tier 2 players are marked by overseas presence with specific pulp moulding machines portfolio. Tier 3 players include the majority of the company’s presence limited to the domestic market only.
This list is indicative - full details about prominent pulp moulding machines manufacturers is available upon request
Pulp moulding machines Market – Report Scope
2021 – 2031
Historical Data Available for
2019 – 2029
US$ Mn for Value & Units for Volume
Key Regions Covered
North America, Latin America, Europe, South Asia, East Asia, Middle East and Africa, and Oceania
Key Countries Covered
US, Canada, Brazil, Mexico, Argentina, Rest of Latin America, Germany, Italy, France, U.K., Russia, Spain, BENELUX, Poland, Nordic, Rest of Europe, India, China, ASEAN, ANZ, Rest of APEJ, GCC Countries, Turkey, South Africa, Iran, Israel, and Rest of MEA.
Key Segments Covered
Capacity Type, Machine Type, Product Type, Application, End Use, Region
Key Companies Profiled
Huhtamaki Oyj., Brodrene Hartmann A/S, BeSure Technology Co., Ltd., and Acorn Industry
Market Overview, Market Background, Market Forecast, Segmental Analysis, Regional Profiling and Competition Analysis
Customization & Pricing
Available upon Request
Key Questions Answered in the Report
What is pulp moulding machines market size?
The pulp moulding machines market size is forecast to reach US$ 692 Mn in 2021 backed by thriving food and beverage industry and increasing government initiatives to ban plastic containers.
At what rate did the pulp moulding machines market expand in the last five years?
Between 2016 and 2020, the pulp moulding machines sales surged at a 3.1% CAGR. The market’s valuation grew by 1.07x in 2021.
What are the key trends shaping the pulp moulding machines market?
Growing focus on after-sales segment and establishment of technical support services by leading market players to expand consumer base are expected to bode well for the pulp moulding machines market.
What are the key factors driving pulp moulding machines market demand?
Rising adoption of moulded fiber pulp packaging solutions in European countries will remain the chief growth driver. The market also will gain from growing consumer inclination towards organic and single use food storage containers.
What is the North America pulp moulding machines market outlook?
Demand registered in North America will continue rising, backed increasing production in the U.S. and Canada, the North America market is forecast to grow at 3.00% CAGR in 2021.
Who are the leading companies in pulp moulding machines market?
Huhtamaki Oyj., Brodrene Hartmann A/S, BeSure Technology Co., Ltd., and Acorn Industry are the top companies in the market.
What is the cumulative share of top companies in pulp moulding machines market?
Top players account for nearly 10% of the pulp moulding machines market
At what rate will pulp moulding machines sales increase in Europe?
Pulp moulding machines sales will experience a slow growth at 2.6% CAGR in Europe, backed by rising demand in the U.K., Germany, and other countries.
Which are the top five countries driving Pulp moulding machines market demand?
Leading countries driving demand in the pulp moulding machines market are China, Japan, Italy, U.S., and France.
What are the key statistics for Pulp moulding machines market in Japan and South Korea?
Japan and South Korea held 4% and 14% share by market value, respectively in the East Asia pulp moulding machines market in 2021.
Key Segments Covered in Pulp moulding machines Market Study:
- < 1,500 units/hr.
- 1,501-3,500 units/hr.
- 3,501-5,500 units/hr.
- Above 5,500 units/hr.
- Boxes & Containers
- End Caps
- Cups & Bowls
- Drink Carriers
- Food & Beverages
- Egg Packaging
- Wine Packaging
- Fruit Packaging
- Electrical & Electronics
- Consumer Goods
- Cosmetic & Personal Care
- North America
- Latin America
- South Asia
- East Asia