Global Pulp Molding Machines Market

Pulp Molding Machines Market Size, Share, Growth Analysis, By Product(Rotary pulp molding machines and Reciprocating pulp molding machines), By Machine(Automatic, Semi-automatic, and Manual), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2374 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Pulp Molding Machines Market News

  • In July 2023, the Pulp and Paper International Association published a large-scale study predicting that the global pulp molding machines market will rise to USD 1.1 billion by 2033.

     

  • In June 2023, the European Union Commission unveiled a brand new funding scheme that would finance the creation of green packaging materials’ production. This charity records approximately one third of its overall funding to be earmarked for research and development of pulp molding machines.

     

  • In May 2023, Canadian pulp molding machine maker PulpWorx announced the launch of a new product line, which will offer smaller businesses specialized machinery. With a price tag of $10,000, these machines are expected to carter for small and medium size enterprises as they begin their operations to full scale production.

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Pulp Molding Machines Market size was valued at USD 754.97 million in 2022 and is poised to grow from USD 784.41 million in 2023 to USD 1065.29 million by 2031, growing at a CAGR of 3.9% in the forecast period (2024-2031).

The pulp molding machines market is defined by its competitive environment. This competition is battled out between a blend of local manufacturers, innovative startups, and leading producers. They are engaged in constant rivalry to gain market share. Market leaders include HGHY Pulp Molding Pack Co., Ltd., Sodaltech, and DKM Machine Manufacturing Inc., among others. 'Sodaltech', 'HGHY Pulp Molding Pack Co., Ltd.', 'DKM Machine Manufacturing Inc.', 'Maspack Limited', 'Huhtamäki Oyj', 'Beston Machinery', 'Egg Box Machine - Beston Machinery', 'BeSure Technology Co., Ltd.', 'Jinan Wanyou Packing Machinery Factory', 'Hartmann Group', 'Molded Pulp Packaging', 'Pulp Molding Dies Inc.', 'Dekelon Paper Making Machinery Co., Ltd.', 'Jin Ridong Papermaking Machinery Co., Ltd.', 'Qinyang City Shunfu Paper Making Machinery Co., Ltd.', 'Guangzhou Nanya Pulp Molding Equipment Co., Ltd.', 'Xiangtan ZH Pulp Moulded Co., Ltd.', 'Qingdao Perfect Equipment & Parts Co., Ltd.', 'Quanzhou Far East Environmental Protection Equipment Co., Ltd.', 'K.U. Sodalamuthu and Co. Pvt. Ltd.'

The use of single-use plastics have come under strict scrutiny from environmental regulations. These standards have been implemented by organizations and governments. These requirements have boosted the need for integration of ecologically sound packaging solutions. This development has surged the demand for pulp molded products, which in turn drives market growth.

Regulatory Pressure: The trend of sustainability has also affected the market for pulp molding machines. Strict environmental standards influence the market. These requirements ensure the minimized use of single-use plastics and ensure the use of sustainable packaging materials. These standards have been enforced by governments worldwide to reduce plastic usage. This also paves the way for new pulp-based alternatives to enter the market.

With the US as its largest contributor, North America became the most prominent region in the market. The thriving manufacturing industry of the United States coupled with the country’s commitment to sustainability has cemented North America’s market position. The region’s demand for environmentally sound packaging solutions, stemming largely from the food and beverage industry, has surged the usage of pulp molding machines. Consumers in North America sought sustainable packaging in response to the region’s strict environmental standards. This drove market growth in the region, explaining its supremacy.

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Global Pulp Molding Machines Market

Report ID: SQMIG15E2374

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