According to the latest research, the global molded pulp packaging market is valued at approximately USD 1.5 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 9.2%, reaching USD 3.04 billion by 2034. Molded pulp packaging, made from recycled paper or natural fibers, offers advantages such as being lightweight, biodegradable, and cost-effective, making it an eco-friendly alternative to plastic.

With growing environmental awareness, the rise of food delivery services, and the expansion of e-commerce, market demand is rapidly increasing. Consumers are also more willing to pay a premium for sustainable packaging. However, challenges such as limited water resistance and fluctuations in raw material costs remain key obstacles to further development.


Resources: yahoo!finance