Pulp Moulding Machinery Market Size, Share, Growth, and Industry Analysis, By Type (Semi-Automatic Pulp Moulding Machinery, Automatic Pulp Moulding Machinery), By Application (Food and Beverage Use, Industrial Use) Regional Forecast By 2031

Updated On: 08 April 2024

Pulp Moulding Machinery Market Report Overview

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The global Pulp moulding machinery market size was USD 694.6 million in 2020. As per our research, the market is projected to touch USD 1201.84 million by 2031, exhibiting a CAGR of 5.1% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the global pulp moulding machinery market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Pulp moulding machines are the tools used to create packaging materials out of paper and pulp. There are various processes involved in product manufacturing, including flocculation, contemplation, and moulding. To begin the process, chemicals like caustic soda must first be added. Wood chips can be broken down into fibres with the help of caustic soda, which is then divided into smaller bits by centrifugal force. These machines also turn waste paper into egg cartons, fruit trays, seedling trays, cup holders, and other items.The globe is currently moving quickly towards environmentally friendly and sustainable packaging options, which is driving up demand for biodegradable packaging.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.

LATEST TRENDS

"Growth of the market in recent years"

Over the years, a number of regulatory agencies and countries have put limitations on the production of predominantly plastic garbage. To meet the increased consumer demand for sustainable packaging, it is also anticipated that more foodservice operators and retail chains would move from using plastic packaging to using moulded pulp packaging. On the expansion of the industry, these variables are projected to have a favorable effect.

For the production of packaging items, pulp moulding machines are widely employed in a variety of end-use industries, including the food and beverage, healthcare, electronics, and industrial sectors. Over the course of the projected period, market expansion is anticipated to be aided by rising consumer demand for ecologically friendly and sustainable packaging solutions. In addition, market expansion is anticipated to be supported by increased organic and healthy food consumption.

Pulp Moulding Machinery Market Segmentation

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• By Type

Based on type the Global Pulp Moulding Machinery Market is classified as Semi-Automatic Pulp Moulding Machinery, Automatic Pulp Moulding Machinery.

• By Application

Based on application the Global Pulp Moulding Machinery Market is classified as Food and Beverage Use, Industrial Use.

DRIVING FACTORS

"The Utilization as a Catalyst to Boost the Market Growth"

Automated pulp moulding equipment manages the tasks without constant human intervention. These pulp moulding machines offer an automatic dry system and a high rate of mould interchangeability. The need for automated pulp moulding equipment is expected to rise as more end-user industries need highly productive pulp moulding equipment. A lot of producers are primarily concentrating on creating extremely effective and simple to use devices. Both developed and emerging nations have a strong need for highly automated pulp moulding machines, which is anticipated to fuel market expansion over the course of the forecast period.

"Extensive Application in Laundering Process to Multiply the Production and Market Growth"

For the manufacture of packaging items, pulp moulding machines are extensively utilised in a variety of end-use industries, including electronics, food and beverage, healthcare, and industrial. Over the course of the projection period, it is also projected that the market for pulp moulding machines would expand due to rising consumer demand for sustainable and ecologically friendly packaging solutions.

Foodservice businesses frequently employ pulp moulding machines to package a variety of goods, including fruits, eggs, and vegetables. The foodservice industry uses the packaging products of these machines, such as plates, bowls, cups, and clamshells, extensively for the packing of ready-to-eat meals, on-the-go snacks, and beverages. Because of our busy lifestyles, we anticipate seeing an increase in the consumption of single-serve meals and goods for on-the-go meals.

RESTRAINING FACTORS

"Several Challenges Associated with the Local Irritation to Restrain the Market"

The packaging solutions provided by pulp moulding machines aid in preventing spoilage and preserving the shelf life of goods, particularly frozen meals. These packaging options protect frozen food from moisture and are dependable, leak-proof, and puncture-resistant. Due to their outstanding ability to protect food contents from light, moisture, and oxygen, pulp moulding machine companies are increasingly embracing plastic packaging. The negative consequences of plastic packaging are thus incorporated into the food products, posing a threat to public health. This element is impeding market expansion during the projection period.

Pulp Moulding Machinery Market Regional Insights

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"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"

Due to its high productivity compared to competing machines and its low energy consumption, which lowers its production and running costs, North America currently has a lion's share of the global market for pulp moulding machines in terms of revenue and market share. During the projected period of 2023–2030, Asia–Pacific is anticipated to experience the quickest rate of development. This is linked to an increase in the use of cutting-edge technology that deliver better outcomes faster. The nation portion of the research also offers specific market-impacting elements and updates to market regulation that have an effect on the market's present and potential future trends.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of Market Players Profiled

• EAMC (US)
• Guangzhou Nanya Pulp Molding Equipment (China)
• BeSure Technology (China)
• Hartmann Packaging (Denmark)
• Hsing Chung Molded Pulp (Yilan)
• TPM-USA Fiber Technology (Taiwan)
• Dekelon Paper Making Machinery (China)
• Beston (China)
• Qingdao Perfect Equipment & Parts Co., Ltd (China)
• Qisheng Thermoforming Machinery (China)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.