Europe Molded Pulp Packaging Market is Projected to Expand at a CAGR of 5.6% from 2020 to 2028 – ResearchAndMarkets.com

Europe Molded Pulp Packaging Market is Projected to Expand at a CAGR of 5.6% from 2020 to 2028 – ResearchAndMarkets.com
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DUBLIN–(BUSINESS WIRE)–The “Europe Molded Pulp Packaging Market Size, Share & Trends Analysis Report by Source (Wood Pulp, Non-wood Pulp), by Packaging Type (Transfer, Thermoformed), by Application, by Region, and Segment Forecasts, 2020-2028” report has been added to ResearchAndMarkets.com’s offering. The Europe molded pulp packaging market size is expected to reach USD 1.43 billion by 2028. It is expected to expand at a CAGR of 5.6% from 2020 to 2028. Rising usage of molded fiber for the packaging of eggs and fruits in Europe is expected to fuel the growth of the market. The European Union (EU) is amongst the top four egg-producing regions globally. As per the European Commission, the overall egg production in the region was 6,313 thousand tons in 2020. Whereas, according to International Egg Commission, the average egg consumption in the European Union is 210 eggs per person per year. These factors are expected to fuel the demand for molded pulp packaging in the region. The EU is focusing on banning the use of single-use plastic products, along with foam, in a variety of food packaging and foodservice applications and electronics and industrial applications. Supportive regulatory policies promoting the use of sustainable packaging solutions are expected to augment the growth of the market during the forecast period. Increasing adoption of sustainable practices by businesses in their supply chain activities is anticipated to increase the penetration of molded pulp products in European countries. For instance, in March 2021, AR Packaging introduced a fiber-based barrier tray for fresh vegetables and fruit in order to attract retailers and food producers in search of plastic alternative packaging solutions. Pulp made from recycled paper products is further increasingly being promoted in the region to reduce the burden on virgin wood pulp. Europe Molded Pulp Packaging Market Report Highlights The non-wood pulp source…

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Source : Europe Molded Pulp Packaging Market is Projected to Expand at a CAGR of 5.6% from 2020 to 2028 – ResearchAndMarkets.com

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