With the demand for the manufacturing of advanced containers, cups and trays soaring, pulp molding machines market outlook is slated to be bullish. Traction for molded pulp packaging will become more pronounced in the next six years as innovative technologies are likely to streamline molded pulp box with highly accurate molds and automated and intelligence solutions.
Leading companies are counting on advanced pulp-providing system and eco-friendly pulp materials. Stakeholders are emphasizing manufacturing of high-performance manufacturing equipment and molds to produce packaging products on the basis of efficiency, capacity and products.
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Demand for equipment with built-in safety measures in food and beverage, healthcare, automotive and personal care will potentially trigger growth in the landscape. According to the recently collated research report by Global Market Insights, Inc., pulp molding machines market size is projected to surpass US$590 million by 2026.
At the time when manufacturers are grappling with unique challenges caused by the COViD-19 pandemic, pulp molding producers have been no exception. Pulp molding landscape will face fluctuations in demand, while commodity-price turmoil may pose challenges for pulp companies.
With social distancing becoming the new normal, production of pulp has derailed; while, shutdown of restaurants has further influenced the industry outlook. That said, growing penetration of molded pulp packaging in retail stores and an unprecedented spike in e-commerce business have become a silver lining in the industry.
Trend for rotary molding machines
Rotary molding machines are fueling the trend for the production of high-quality products, including fruit trays, egg tray, dishware and electronic goods packaging. In addition, the relentless advancements of mechatronics of rotary pulp molding have made the machine highly sought-after among the end-users.
Rotary molding machines have low capacity outlay, superior production capacity, minimal downtime and maintenance cost, making them trendier in egg cartons. With reduced production cost, rotary pulp molding machines are likely to generate higher pulp molding machines market revenue.
Amidst the trend for sustainable products and quick-service restaurants coming to the fore, rotary pulp molding machines will potentially add value to the business.
Growth opportunities in automatic pulp machines
Industry outlook for automatic pulp machines will remain robust as industrial and food packaging companies exhibit inclination towards the technology to boost capacity and economies of scale.
Safe design and the mold design have made automatic pulp machines highly desirable among end-users. Application of automatic molded pulp machine may reduce water content ratio in the product, with hydraulic system spurring efficiency, energy-saving and accurate flow control.
With the demand for the production of various types of molded pulps soaring, there are opportunities in automatic pulp molding machines. Not to mention the solution can bolster mass production with dry-in-mold process in food packaging landscape.
Investment in North America to drive growth
Industry dynamics alluding to traction for on-the-go food production in advanced economies such as the U.S. have projected a robust pulp molding machines market outlook. Growing penetration of molded packaging in food industry in American outlets will pitch North America as a viable investment hub.
A marked rise in the consumption in the eggs in the U.K., France and Italy has augured well for leading companies vying to foster their footfall in the European market. A ban on the use of single-use plastic straws in the U.K. and environmental campaigners voicing for further clampdown on single-use items are slated to drive the growth in Europe pulp molding machines market.
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High cost to mar growth
Potential challenges emanating from COVID-19 pandemic and high cost of molded pulps may derail the industry growth. Moreover, stakeholders will eye to surmount the downsides coming from volatile demand.
Expanding market penetration of food packaging and improving supply chain visibility have augured well for the leading companies in the industry. A notable uptick in retail outlets and crackdown on the use of plastics will potentially provide lucrative opportunities for the stakeholders.
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