Global Pulp Molding Machine Market - 2021-2028
The global pulp molding machine market size was worth US$ XX billion in 2020 and is projected to show significant growth by reaching up to US$ XX billion by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).
The pulp molding machine is a type of machine used to create packages such as an egg tray, an egg carton, a fruit tray, a coffee cup tray, etc. These products are extremely sustainable and can be produced using recycled paper. Pulp molding machines are available in various capacities and are automatic, semi-automatic, or manual. There are rotary or reciprocating types of pulp molding machines.
It is also called a paper molding machine because it utilizes waste paper and water as the feedstock. It is a machine that can dispose of waste paper easily and properly and turn it into a valuable resource. The pulp molding machine plays a crucial role in the molding method. The entire process is automatic, along with a vacuum pump, air compressor, and cleaning unit. It works as it transports the paper pulp into the mold that shapes. With the vacuum pump's assistance, the pulp is then pressed and adsorbed tightly to forming mold. Most water in the pulp, meanwhile, is extracted. After that, the wet trays will be demolded by an air compressor. The next step is to dry the trays. Before the process mentioned above, the waste is converted into paper pulp, while after molding, the dry trays are taken and sent for sale.
The global pulp molding machine market is driven by the increasing use of molded pulp packaging products in many end-use industries, including food & beverage, electronics and healthcare, over the forecast period. The growing switch of foodservice operators and retail chains from plastic packaging to molded pulp packaging to meet the growing demand of customers for sustainable packaging is expected to build the pulp molding machine's future market in the forecast period.
The increasing use of molded pulp packaging products in many end-use industries, including food & beverage, electronics and healthcare over the forecast period
Molded pulp packaging items are commonly used in the industry, such as trays, clamshells, bowls, and plates. Over the forecast era, growing awareness of the benefits of living a healthier lifestyle and eating organic foods, such as fruits, is expected to boost pulp molding machines' demand. It is expected that the growing demand for ready-to-eat (RTE) meals, on-the-go snacks and single-serve packs would further help the growth of the industry. Raising concerns about single-use plastics and increasing demand from both customers and foodservice operators for sustainable packaging solutions are expected to affect market development positively. Molded pulp is mostly associated with egg packaging, fruit trays and beverage carriers in modern times; however, there are many other uses, such as food containers, clinical health products and electronic goods packaging. Three categories of markets are commonly concerned with these goods: food-related products, consumer packaging and disposable objects. Apart from this molded pulp, such as molded honeycomb paperboard, it is often used as a cushioning material for a product's safety during transportation. This material can substitute for wood and plastics with its high strength, durability, and low cost. Thus, the pulp mentioned above mold applications is more likely to trigger the pulp molding machine's forecast market.
The growing switch of foodservice operators and retail chains from plastic packaging to molded pulp packaging to meet the growing demand of customers for sustainable packaging is expected to build the pulp molding machine's future market in the forecast period.
As big-box stores and companies with social consciousness are searching for alternatives to packaging large products, pulp packaging takes on a whole new role. Labor intensive, non-recyclable, and a nuisance to the customer can be packaging for electronics. Not only that, but they can be wide cartons. The reason behind the significant demand for pulp molding products is owing to its biodegradable, sustainable, and in most cases, compostable nature. There are various new technologies for pulp that make it a better alternative to most traditional packaging. For instance, a razor that was put in a plastic pack might shift to a pulp-type pack. In order to suit each component that needs to be included, the pulp will be molded. If it is then packed in a box with either a print or a sticker, the package has just become much more environmentally friendly. This pulp packaging reduces the plastic to a much lesser amount compared to the original full plastic container. Thus increasing consumer-driven demand for sustainable and environmentally friendly packaging solutions is expected to fuel market growth in the forecast period.
For instance, in May 2017, a biodegradable substitute for plastic bottles with a shell made entirely of molded fiber was introduced by Paper Water Bottle. An internal barrier that contains less plastic than any normal plastic bottle is also included. This latest innovation would help the company broaden its product range and improve the pulp moldering machine's market demand.
The non-standard geometric and aesthetic appeal of molded pulp products coupled with the growing number of key players in the market for pulp molding machines is hindering the growth of the market in the recent times
Due to the design of the raw material, the geometry and aesthetic appeal of molded pulp products are not standardized compared to plastic products. In contrast, plastic molded products offer uniform geometry and outstanding finishing & product appeal. Therefore, the wide-scale adoption of plastic molded products, especially in food packaging applications, is expected to be significantly impeded by their aesthetic limitations, thus posing a challenge to overall market growth.
Besides, the growing number of key players in the market for pulp molding machines and the uncertainty of component prices for pulp molding machines contribute to a decrease in profitability margins. Besides, the entry of new players, especially in the Asia Pacific region, the increase in existing players' production capacity and the demand of distributors for a higher margin continue to affect profitability margin.
COVID-19 Impact Analysis
The global pulp molding machines have shown a slight decline due to the COVID-19 pandemic, as several manufacturing plants were shut for months. Further several countries have restricted production activities during the covid-19 pandemic. The major lockdown due to the COVID-19 outbreak leads to suddenly dropping down consumers' interest towards purchasing any goods, and halt in transportation sectors has severely hampered the pulp molding machines market due to disruption in the product's supply chain management.
The major consumers of pulp molding machines include food & beverage and healthcare industries that require molded pulp products such as egg trays, fruit trays, food cartons, plates, cups, etc. Demand for these goods has been steadily growing. Still, these products' availability has been hit hard due to sudden lockdown and disruption of the supply chain, thereby hampering the pulp molding machine's growth, especially in the year 2020.
The global pulp molding machine market is segmented based on product, machine type, application, end-user and region.
Increased use of molded pulp packaging for the egg, fruit, and vegetable packaging items in the food industry and growing consumption of trays in a different part of the globe is building the food packaging segment market in recent times.
In terms of end-user, the global pulp molding machine market is bifurcated into food service, food packaging, industrial, healthcare, electronics and others. Food packaging is estimated to show the highest market share in the conjecture timespan, owing to the increased use of molded pulp packaging for the egg, fruit, and vegetable packaging items in the food industry. In the foodservice industry and for packaging on-the-go snacks and ready-to-eat meals and drinks, molded fiber packaging items, such as clamshells, plates, bowls, and cups, are commonly used. Increased consumption of single-serve meals and on-the-go food items due to busy and changing lifestyles is projected to increase demand over the forecast period for pulp molding machines in the foodservice industry. In Asia-pacific, the market is dominating in China as in the region; the supply of raw materials such as transfer pulp used for trays' manufacture is very high. In Saudi Arabia, the tray segment dominates in the Middle East and Africa because egg consumption and its products are very high, and trays are available at cheaper prices. Thus, the growing consumption of trays in the regions mentioned above is triggering the market's food packaging segment, hence adding values to the forecast period's pulp molding machine market.
The growing use of disposable packaging solutions and changing consumer preference for sustainable food and consumer goods packaging materials builds the Asia-Pacific region's market share in recent times.
The Asia Pacific is projected to experience the highest growth during the forecast period. The region's robust growth is due to the growing use of disposable packaging solutions. Currently, Asian countries are changing their preference to sustainable food and consumer goods packaging materials, encouraging pulp molding machine improvement. China is expected to be dominant in terms of pulp molding machines' demand and production.
The regional market of North America has experienced a steady growth rate. It is projected that an increasing focus on reducing plastic use, especially in the food & beverage sector, will increase regional growth. Increasing egg consumption is projected to increase pulp molded trays' demand, especially in the U.S. and Mexico.
The pulp molding machine market is highly fragmented with the presence of local as well as global companies. Some of the key players contributing to the market's growth include Qingdao Perfect Equipment & Parts Co., Ltd, Henan Qinyang Shunfu Paper Machinery Co, Shuanghuan Fiber Molding Machinery Co, DKM Machine Manufacturing Inc, Brodrene Hartmann A/S, Pulp Moulding Dies Inc, Beston Group, Guangzhou Nanya Pulp Molding Equipment Co, Sodaltech, Southern Pulp Machinery (Pty) Ltd. and among others.
The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the growth of the pulp molding machine market globally. Various key players focusing on the pulp molding machine adopt product launch as the prime growth strategy for building revenue for their firm.
Brødrene Hartmann A/S
Overview: Brødrene Hartmann A/S is known to the world's leading manufacturer of molded-fiber egg packaging, a market-leading manufacturer of fruit packaging in countries like South America and India's largest manufacturer of technology for the production of molded-fiber packaging. The company produces recycled paper packaging, and the product range includes egg and fruit packaging and consumer electronics and domestic appliances. Hartmann also makes liners and core boards
The global pulp molding machine market report would provide access to an approx: 69 market data table, 68 figures and 260 pages.
Target Audience 2022
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