Quadintel published a new report on the Pulp Moulding Machines Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Pulp Moulding Machines Market USD 915 million by 2027.Global Pulp Moulding Machines Market reached USD 700 million in 2020. The Global Pulp Moulding Machines Market tends to grow by a CAGR of 3.9% in the 2021-2027 period.
Pulp moulding machines are used to manufacture trays, boxes, containers, plates, cups, and bowls from recycled paper owing to which these products are highly sustainable and environmentally friendly. The major driving factor is the rise in demand for ecological and sustainable packaging products which is going to boost this market.
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Another trending factor driving the market is the increasing use of pulp moulded packaging products in a wide end-use sector including food and beverages, electronics, pharmaceuticals, etc. The high cost of pulp moulded machines is expected to restraint the growth of the market. Foodservice operators and retail chains switching to this machine owing to attract the customer towards their product through packaging is creating an opportunity for this market. Fully automated moulding machines are dominating the market owing to the better productivity and efficiency that they provide while manufacturing. The trays segment holds the major share because of the high demand for trays due to low cost, and easy availability. In 2018, Huhtamaki one of the players in this market set up a new manufacturing plant to cater to the increasing need of egg packaging customers in the South Africa region.
The key regions covered in the global Pulp Moulding Machines market are North America, Latin America, Europe, Asia Pacific and ROW. North America accounted for the largest market share and it is estimated to grow in the forecasted period owing to the skilled workforce, latest technology, increasing demand for fiber packaging from food and beverages, and healthcare segments.
The pandemic of COVID-19 has also reduced the availability of and demand for non-COVID-19-related medical treatment. A wide range of treatments, including emergency care for acute diseases, routine check-ups, and recommended cancer screenings, are being postponed or avoided by patients. Undiagnosed illnesses and a failure to intervene early will have serious long-term health consequences. COVID-19 has accelerated a variety of existing and emerging healthcare trends, including changing consumer attitudes and habits, the convergence of life science and health care, rapid advances in digital health technologies, and new talent and care delivery models, to name a few.
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Major market players included in this report are: DKM Machine Manufacturing Inc. Beston (Henan) Machinery Co., Ltd. Pulp Moulding Dies Inc. Brodrene Hartmann A/S BeSure Technology Co. Maspack Limited Taiwan Pulp Moulding Co., Ltd. Inmaco Solutions B.V. HGHY Pulp Molding Pack Co., Ltd. Southern Pulp Machinery (Pty) Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Machine Type: Automatic Semi-automatic Manual
By Product Type: Rotary Reciprocating Parts & Attachments
By Application: Trays End Caps Bowls & Cups Clamshells Plates Others
By End-use: Food Packaging Food Service Electronics Healthcare Industrial Others
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By Region: North America The U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2018, 2019 Base year – 2020 Forecast period – 2021 to 2027
Target Audience of the Global Pulp Moulding Machines Market in Market Study:
Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors
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The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What aspects regarding the regional analysis Market are included in this report?
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