Asia Pacific Molded Pulp Packaging Market Size & Outlook
Asia Pacific molded pulp packaging market, 2018-2030 (US$M)
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Asia Pacific molded pulp packaging market highlights
- The Asia Pacific molded pulp packaging market generated a revenue of USD 2,270.7 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, wood pulp was the largest revenue generating source in 2023.
- Non-Wood Pulp is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,270.7 million |
| Market revenue in 2030 | USD 3,841.5 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Wood pulp |
| Fastest growing segment | Non-Wood Pulp |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wood Pulp, Non-Wood Pulp |
| Key market players worldwide | Huhtamäki Oyj, Genpak, Pro-Pac Packaging (Aust) Pty Ltd, Brødrene Hartmann, CKF, Sonoco Products Co, Eco Products, Fabri-Kal, Henry Molded Products, Sabert Corp., MVI ECOPACK, Pton Molded Fiber Products Co. |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.7% of the global molded pulp packaging market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,841.5 million by 2030.
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Molded Pulp Packaging Market Scope
Molded Pulp Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific molded pulp packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to molded pulp packaging market will help companies and investors design strategic landscapes.
Wood pulp was the largest segment with a revenue share of 86.06% in 2023. Horizon Databook has segmented the Asia Pacific molded pulp packaging market based on wood pulp, non-wood pulp covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific accounted for over 41.6% of the total market share in 2022 and is expected to reach around 43.2% by 2030. This growth in market share can be ascribed to the rising importance of using disposable packaging solutions on account of rising instances of environment-related problems faced by economies such as China and India in recent years.
According to various sources, crates of unwanted packaging waste from the West has accumulated in many ports of Indonesia, the Philippines, and Vietnam. In another instance, huge piles of toxic waste of plastics from Europe and the U.S. has piled up across Malaysia.
To improve these situations, local authorities and governments have vowed to reduce the landfill waste accumulated in the Southeast Asia region by introducing strict regulations related to waste disposal. These steps are likely to lead to the adoption of more-sustainable packaging solutions across the verticals.
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Target buyers of Asia Pacific molded pulp packaging market databook
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Our clientele includes a mix of molded pulp packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific molded pulp packaging market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific molded pulp packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific molded pulp packaging market size, by country, 2018-2030 (US$M)
Asia Pacific Molded Pulp Packaging Market Outlook Share, 2023 & 2030 (US$M)
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