Future Market Insights (FMI) in its upcoming outlook titled "Moulded Fibre Pulp Packaging Market: Global Industry Analysis and Opportunity Assessment, 2016-2026" projects a steady growth in demand for moulded fibre pulp packaging.
The global market for moulded fibre pulp packaging is heavily driven by the robust adoption of eco-friendly and biodegradable packaging solution. Moulded fibre pulp offers packaging convenience and is cost effective having minimum warehousing or inventory costs.
Apart from egg packaging, leading players in the market are exploring into other end use industrial packaging, which is identified as a key trend defining the market growth in recent times. Moreover, technological advancements, and introduction of novel fibers such as sugarcane, bamboo fibers, and palm to improve the product efficiency and moulded fibre packaging quality is expected to play a crucial role in further development of the market during the assessment period.
According to the projection, global market for moulded fibre pulp packaging is set to witness a CAGR of 5.8% in revenue terms between 2016 and 2026. However, alternative packaging materials such EPS and plastics may inhibit widespread adoption of moulded fibre pulp packaging. In addition, lower strength threshold of short fibre used as a raw material in moulded pulp packaging may negative impact the overall market growth over the next couple of years.
