Analysis of the Development Status and Market Size of China's Molded Pulp in 2022

Pulp molded products are molded articles made in various shapes according to different uses. They are mostly auxiliary protective materials used for various products, and generally include cushioning packaging materials, pulp molded agricultural products, pulp molded material products, disposable tableware and others, as follows:

1. The global pulp molding market exceeds USD 3 billion

Based on comprehensive research on the pulp molding packaging market by well-known global market analysis agencies, Grand View Research analyzed that the global pulp molding packaging industry market size in 2020 was USD 3.8 billion and will maintain a growth rate of 6.1% over the next 7 years, while Global Market Insights believed that the global pulp molding market size was USD 3.2 billion and would maintain a growth rate of 5.1% over the next 7 years. Based on a comprehensive analysis of the market size of the global pulp molding packaging industry by three well-known global industry research firms, the preliminary estimate is that the global pulp molding packaging industry market size in 2020 was USD 3.5 billion, with a compound annual growth rate of 5.2% from 2021 to 2027.

1. Poultry egg packaging is the main application field

Eggs are an inseparable part of the Western diet and are used in many major dishes. In 2020, molded pulp packaging demand for eggs accounted for about 75% of the market share, and is expected to grow at a compound annual growth rate of 5.1% through 2027. According to UN data, global total egg production increased from 61.7 million tonnes in 2008 to 76.8 million tonnes in 2018, and the egg industry is the largest consumer of molded pulp packaging. Egg processors in North America and Europe mainly use molded pulp for packaging. Molded pulp packaging has become the standard in the egg industry, because most consumers prefer molded pulp packaging over any other option. Egg demand and per capita consumption are rising. Rising economic levels in the Asia-Pacific region are changing consumer consumption patterns. Thanks to low prices, economic growth and ample supply, more people are eating eggs now than ever before. Strong growth in egg consumption will drive product demand in the coming years.

1. China's pulp molding market size is about 5 billion yuan

Eggs are the main application field of global pulp molding, and China is the world's largest egg producer. According to the Poultry Industry Branch of the China Animal Agriculture Association, China's laying hen egg production grew steadily in 2020, reaching 18.9565 million tonnes, an increase of 244,800 tonnes over 2019, up 1.31% year on year.

According to estimates, the penetration rate of pulp molding packaging is still relatively low, at about 30% (retail and wholesale channels still use mostly plastic packaging), and at wholesale prices, one pulp molded product costs about 0.3 yuan. Overall, the market demand for pulp molding packaging in China in 2020 was about 5.5 billion yuan.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-378670.html