Analysis of India's Molded Pulp Packaging Market: With Projections of USD 600+ Million by 2028 and a Surge in Demand for Sustainable Packaging Products

DUBLIN, Jan. 27, 2022 /PRNewswire/ -- The "India Molded Pulp Packaging Market Size, Share & Trends Analysis Report by Source (Wood, Non-wood), by Pulp Type (Recycled, Virgin), by Technology (Thermoformed, Processed), by Application, and Segment Forecasts, 2020-2028" report has been added to ResearchAndMarkets.com's offering.

The India molded pulp packaging market size is expected to reach USD 600.7 million by 2028, expanding at a CAGR of 12.1% over the forecast period. Growing demand for eco-friendly, biodegradable packaging solutions to replace its plastic counterparts is expected to drive market growth. The market is highly unorganized with several small- and medium-scale companies manufacturing egg trays and fruit trays using recycled pulp.

However, the foodservice disposable industry, which demands virgin pulp for manufacturing packaging products, such as clamshells, trays, cups, etc. that come in close contact with food items, is witnessing significant growth over the past few years. In India, the majority of the virgin pulp used in the foodservice industry is derived from non-wood sources, such as bagasse and rice straw. The stable cost structure of these raw materials compared to hardwood and softwood pulp is likely to be a key factor driving its demand.

Furthermore, increasing regulations on deforestation are likely to propel the demand for non-wood raw materials, such as Agri-waste, over the projected period. The growth of the online food-tech industry in India, increasing demand for eco-friendly packaging, and the upcoming positive government outlook, which demands sustainable packaging solutions to replace single-use plastic products, are expected to open several growth opportunities.

The manufacturers from the industrial segment are reluctant to replace plastic packaging with molded pulp packaging owing to its higher cost, low impact resistance compared to EPS, and high weight restraining the industry growth. However, changing government regulations supporting sustainable activities is expected to boost industry growth over the projected period.

India Molded Pulp Packaging Market Report Highlights

• The recycled wood pulp segment dominated the market in 2020 on account of high product adoption in applications, such as egg & fruit packaging solutions
• The application of virgin wood pulp is primarily driven by the foodservice and electronics industries
• Bagasse is the most widely used raw material in the non-wood pulp segment, wherein sometimes it can be mixed with virgin wood pulp to improve the rigidity of the final product
• Egg packaging solutions, such as cartons and trays, emerged as the largest application for molded pulp in 2020 on account of their recyclable & biodegradable nature and low cost compared to their plastic counterparts
• The foodservice segment has emerged as one of the most significant application segments. Increasing demand for online food delivery services in the country is likely to support the segment growth over the projected period

Companies Mentioned

• SHREE KIAS PACK
• Neeyog Packaging
• Pulp2pack
• SR Pulp
• Maspack Limited
• Rajdhani Polypacks
• Yash Pakka Limited
• Ecoware
• Discover India Packaging
• Dinearth Eco Friendly Tableware
• Prosper Universal Private Limited
• SM Group
• KSP Fibre Products PVT. LTD.

Key Topics Covered:

Chapter 1 Methodology and Scope
1.1 Information Procurement
1.2 Information Analysis & Data Analysis Models
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Market Insights

Chapter 3 Market Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook: Green packaging Market
3.1.2 Related Market Outlook: Edible Packaging Market
3.2 Industry Value Chain Analysis
3.2.1 Raw Material Trends
3.2.2 Manufacturing Trends
3.2.3 Sales channel Analysis
3.2.4 vendor selection criteria
3.3 Regulatory Framework
3.3.1 "Pulp And Paper Industries" Authorities and respective Tools
3.3.2 Food Safety and Standards (Packaging and Labelling) Regulations, 2011
3.4 Technology Overview
3.5 India Molded Pulp Packaging market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Rising Consumption of Eggs and Fresh Fruits in India
3.5.1.2 Growing Demand for Sustainable Packaging products
3.5.2 Market Restraints
3.5.2.1 Easy Availability of substitute packaging products
3.5.3 Market Challenges
3.5.3.1 Aesthetic limitation of molded pulp packaging products
3.6 Business Environment Analysis
3.6.1 India Molded Pulp Packaging Market: Porter's Analysis
3.6.2 Pestel Analysis
3.6.3 Major Deals & Strategic Alliances Analysis
3.7 Market Strategy
3.7.1 Impact of COVID-19

Chapter 4 India Molded Pulp Packaging Market: Source Estimates & Trend Analysis
4.1 Definition & Scope
4.2 Source movement & market share analysis, 2020 & 2028
4.3 Wood Pulp
4.4 Non-wood Pulp

Chapter 5 India Molded Pulp Packaging Market: Pulp Type Estimates & Trend Analysis
5.1 Definition & Scope
5.2 Pulp type movement & market share analysis, 2020 & 2028
5.3 Recycled Pulp
5.4 Virgin Pulp

Chapter 6 India Molded Pulp Packaging market: Technology Estimates & Trend Analysis
6.1 Definition & Scope
6.2 Technology movement & market share analysis, 2020 & 2028
6.3 Thick Wall
6.4 Transfer
6.5 Thermoformed
6.6 Processed

Chapter 7 India Molded Pulp Packaging Market: Application Estimates & Trend Analysis
7.1 Definition & Scope
7.2 Application movement & market share analysis, 2020 & 2028

Chapter 8 Competitive Analysis
8.1 Key players, recent developments, and their impact on the industry
8.2 Participant Categorization
8.3 Vendor Landscape
8.3.1 List of key distributors & channel partners
8.4 Key customers
8.5 Public Companies
8.6 Private Companies
8.7 Product Benchmarking Snapshot
8.8 Primary Interview Summary
8.8.1 List of key organized players

Chapter 9 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/s66ei0

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets