October 23, 2023 04:19 ET | Source: Rationalstat LLC Rationalstat LLC
Wilmington, Delaware, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Global Molded Fiber Pulp Packaging Market size is estimated at a market value of US$ 6.8 billion in 2023 and is predicted to rise at a substantial CAGR of 4.7% during the forecast period of 2023 and 2030 according to RationalStat analysis. Bagasse Pulp Take-Out Lunchbox Machine
Market Definition, Market Scope, and Report Overview
Molded fiber pulp packaging, also known as molded pulp or molded fiber, is a sustainable packaging solution made from recycled paper and paperboard materials.
The report identifies several trends in the global molded fiber pulp packaging market, including the growing preference for biodegradable and compostable packaging materials, increasing use of advanced manufacturing technologies for producing molded fiber pulp packaging products, and rising innovation in product designs and customization options to cater to different packaging needs.
The growth of the global molded fiber pulp packaging market is driven by several factors, including the incre