Sustainable packaging to drive growth of pulp-moulding machines
According to a recently report by Future Market Insights, increasing demand for sustainable packaging solutions will drive the pulp-moulding machines market growth. In terms of revenue, the global pulp-moulding machines market is projected to expand at a CAGR of 5.1% during the forecast period.
05 Aug 2019 | 5942 Views | By Dibyajyoti Sarma
Pulp-moulding machines are commonly used for the manufacturing of trays, containers, plates, cups and bowls, and other products. Such products are highly sustainable and can be manufactured using recycled paper.
Pulp moulding machines can be automatic, semi-automatic, or manual, and are available in different capacities. Pulp moulding machines are of either rotary or reciprocating type.
The report suggests that the trays application segment is expected to drive the global demand for pulp-moulding machines during the forecast period. Globally, the increasing demand for moulded fibre products is foreseen to create massive opportunities for the growth of the global pulp moulding machines market during the forecast period.
Due to the presence of emerging economies, increasing demand of environmentally-friendly packaging solutions, and rising disposable incomes, the Asia Pacific excluding Japan (APEJ) region will be highly attractive in terms of the growth rate of the pulp moulding machines market.
China is expected to be dominant in terms of pulp-moulding machines market share, while India is expected to have a high growth rate in the pulp-moulding machines market during the forecast period.
ASEAN countries are significant shareholders of the APEJ pulp-moulding machines market and are expected to register notable growth in the pulp-moulding machines market during the forecast period.
Europe is expected to be a highly attractive region in terms of market share of the global pulp-moulding machines market and is projected to witness a healthy growth rate in pulp-moulding machines market during the forecast period. The continuous expansion of the food service industry, which demands eco-friendly packaging solutions, is the key factor driving 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 the largest market share.
The increasing demand for moulded fibre products in North America is likely to drive the growth of the pulp-moulding machines market during the forecast period. The US is expected to remain dominant in terms of market share, while Canada is expected to outpace the US in terms of growth rate of the pulp-moulding machines market during the forecast period.
Latin America and the MEA are the substantial shareholders and expected to be promising markets for the growth of the pulp-moulding machines market. Emerging economies in Latin America and the Middle East and Africa are expected to represent high incremental opportunities for the pulp moulding machines market during the forecast period.
The companies involved in the manufacturing of pulp-moulding machines are putting an emphasis on enhancing the design and efficiency of pulp-moulding machines, and increasing their global footprint via acquisitions and expansions. The manufacturers of pulp-moulding machines are likely to eye the profitable regions such as the Asia Pacific excluding Japan (APEJ), Latin America, and the Middle East and Africa in the coming years.
Key players operating in the global pulp-moulding machines market include Huhtamaki; DKM Machine Manufacturing; Pulp Moulding Dies; BeSure Technology; Maspack; Taiwan Pulp Moulding; Beston (Henan) Machinery; KU Sodalamuthu and Co; ZH Moulded Pulp; HGHY Pulp Molding Pack; Guangzhou Nanya Pulp Molding Equipment; Inmaco Solutions BV; Xiangtan Shuanghuan Machinery Development; Southern Pulp Machinery; Longkou City Hongrun Packing Machinery; and Brodrene Hartmann A/S, among others.
For details on the report, please visit Future Market Insights.