North America Molded Pulp Packaging Market Size & Outlook
North America molded pulp packaging market, 2018-2030 (US$M)
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North America molded pulp packaging market highlights
- The North America molded pulp packaging market generated a revenue of USD 1,332.3 million in 2023.
- The market is expected to grow at a CAGR of 6.9% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,332.3 million |
| Market revenue in 2030 | USD 2,129.7 million |
| Growth rate | 6.9% (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, North America region accounted for 24.5% 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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North America 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 85.31% in 2023. Horizon Databook has segmented the North America molded pulp packaging market based on wood pulp, non-wood pulp covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing digitization and focus on reducing the use of plastics, especially in packaged food and foodservice industry, are expected to augment the demand for molded pulp packaging.
Moreover, containerboard industry in North America is highly concentrated, with a HerfindahlHirschman Index (HHI) of over 1,715 in 2018, which is higher compared to the set index of 1000 for the market to be concentrated.
This signifies the number of competitors present in the region. In addition, due to high competitiveness, the prices for containerboard or other such wood pulp-based products are expected to be low.
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Target buyers of North America 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America molded pulp packaging market , including forecasts for subscribers. This continent databook contains high-level insights into North America molded pulp packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America molded pulp packaging market size, by country, 2018-2030 (US$M)
North America Molded Pulp Packaging Market Outlook Share, 2023 & 2030 (US$M)
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