By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Cannabis NewsCannabis News
  • Cannabis
  • CBD
  • Science
  • Culture & Arts
  • Cannabis Press Releases
  • More
    • About Maryjanes Post
    • Cannabis Advertising
    • Cannabis Partnerships
Reading: Europe Molded Pulp Packaging Market is Projected to Expand at a CAGR of 5.6% from 2020 to 2028 – ResearchAndMarkets.com
Share
Aa
Aa
Cannabis NewsCannabis News
Search
  • Topics
    • Business
    • Cannabis
    • Cannabis Tech
    • Culture & Arts
    • Industry Leaders
    • Cannabis Press Releases
  • Topics
    • Business
    • Cannabis
    • Cannabis Tech
    • Culture & Arts
    • Industry Leaders
    • Cannabis Press Releases
  • About Maryjanes Post
    • Ambassador
    • Cannabis Partnerships
Follow US
  • Ad Choices
  • RSS Terms of Service
© 2018 - 2022 MaryJanes Post Media. All Rights Reserved.
Cannabis News > Cannabis Press Releases > Europe Molded Pulp Packaging Market is Projected to Expand at a CAGR of 5.6% from 2020 to 2028 – ResearchAndMarkets.com
Cannabis Press Releases

Europe Molded Pulp Packaging Market is Projected to Expand at a CAGR of 5.6% from 2020 to 2028 – ResearchAndMarkets.com

Business Wire
Last updated: 2022/03/11 at 5:14 PM
Business Wire Published March 11, 2022
Share
SHARE

DUBLIN–(BUSINESS WIRE)–The “Europe Molded Pulp Packaging Market Size, Share & Trends Analysis Report by Source (Wood Pulp, Non-wood Pulp), by Packaging Type (Transfer, Thermoformed), by Application, by Region, and Segment Forecasts, 2020-2028” report has been added to ResearchAndMarkets.com’s offering.

logo Cannabis Media & PR

The Europe molded pulp packaging market size is expected to reach USD 1.43 billion by 2028. It is expected to expand at a CAGR of 5.6% from 2020 to 2028. Rising usage of molded fiber for the packaging of eggs and fruits in Europe is expected to fuel the growth of the market. The European Union (EU) is amongst the top four egg-producing regions globally.

As per the European Commission, the overall egg production in the region was 6,313 thousand tons in 2020. Whereas, according to International Egg Commission, the average egg consumption in the European Union is 210 eggs per person per year. These factors are expected to fuel the demand for molded pulp packaging in the region.

The EU is focusing on banning the use of single-use plastic products, along with foam, in a variety of food packaging and foodservice applications and electronics and industrial applications. Supportive regulatory policies promoting the use of sustainable packaging solutions are expected to augment the growth of the market during the forecast period. Increasing adoption of sustainable practices by businesses in their supply chain activities is anticipated to increase the penetration of molded pulp products in European countries.

For instance, in March 2021, AR Packaging introduced a fiber-based barrier tray for fresh vegetables and fruit in order to attract retailers and food producers in search of plastic alternative packaging solutions. Pulp made from recycled paper products is further increasingly being promoted in the region to reduce the burden on virgin wood pulp.

Europe Molded Pulp Packaging Market Report Highlights

  • The non-wood pulp source segment is expected to register the highest CAGR of 6.2% over the forecast period. Increasing concerns over deforestation leading to challenges associated with the availability of wood pulp are expected to support the demand for non-wood pulp sources such as bagasse, rice straw, flax, and hemp
  • Market players are focusing on new product development and mergers & acquisitions to strengthen their market presence. For instance, in January 2021, Brodrene Hartmann A/S acquired Gotek-Litar JSC, headquartered in Russia and involved in producing molded fiber packaging. The acquisition was a part of the former’s strategy to increase its foothold in Europe in the market
  • The thermoformed packaging type segment is expected to register the fastest CAGR of 6.8% over the forecast period owing to thin walls, a smoother finish, and better dimensions of thermoformed pulp packaging. The products offer alternative solutions to plastic thermoformed packaging and are thus expected to gain traction
  • The food packaging application segment held the second-largest revenue share in 2020. Molded pulp trays and clamshells are widely used for packaging eggs, fruits, vegetables, and meat and poultry products in the fresh food industry, thus supporting the segment growth
  • The Scandinavian region is expected to expand at a CAGR of 5.7% over the forecast period. The region is characterized by the presence of countries that are major producers of pulp and pulp-based products. Finland and Sweden were ranked among the largest producers of these products in 2020 in the European region, thereby fueling the growth of the market

Market Dynamics

Market Drivers

  • Rising consumption of eggs
  • Growing demand for sustainable packaging

Market Restraints

  • Availability of substitute packaging products

Industry Challenges

  • Aesthetic limitation of molded pulp products

Companies Mentioned

  • Brodrene Hartmann A/S
  • Omni-Pac Group
  • Huhtamaki
  • Pulp-Tec Limited
  • Eco-Products, Inc.
  • TART
  • PAPACKS Sales GmbH
  • Kiefel Packaging
  • Switch Packaging Specialists Ltd.
  • AR Packaging 

For more information about this report visit https://www.researchandmarkets.com/r/5u3mvg

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

You Might Also Like

 Flower One Obtains Meeting Order Under the Companies’ Creditors Arrangement Act (Canada)

United States Alternative Adult Beverages Market Report 2022: The Burgeoning Adult Beverage Segment Expanding the Adult Beverage Horizon – ResearchAndMarkets.com

Global Cannabidiol Market Report 2022: Growing Acceptance and Use of Products Due to Government Approvals Drives Sector – ResearchAndMarkets.com

Organigram Launches HOLY MOUNTAIN to Further Support Its Strong Position in the Dried Flower and Hash Categories

Leafly to Participate at Upcoming Investor Conferences

TAGGED: Business Wire
Business Wire March 11, 2022
Share this Article
Twitter Reddit Email Copy Link
Previous Article Global CBD Regulatory (Light, Medium, Strict) Database 2022 – Discover the Current Regulations and Bills Proposed – ResearchAndMarkets.com
Next Article Applied DNA Executes LOI with Spindle Biotech for Research Collaboration on Simplified High Yield mRNA Production System

Cannabis News and More

Work with an experienced cannabis media firm to provide your brand with the exposure it needs.

Cannabis Topics

  • Cannabis
  • Business
  • CBD
  • Cannabis Science
  • Culture & Arts

Company

  • About Maryjanes Post
  • Contact Cannabis Media
  • Contributor Guidelines

Terms of Use

  • TERMS
  • PRIVACY
  • CONTRIBUTOR AGREEMENT
  • DMCA

Resources

  • Write For UsNew
  • Media KitNew
  • Cannabis Advertising
  • Cannabis Partnerships
  • Cannabis Press ReleaseNew
Cannabis NewsCannabis News
Follow US

© 2018 - 2022 MaryJanes Post Media. All Rights Reserved.

  • Ad Choices
  • RSS Terms of Service
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?