Market Share of Molded Pulp Packaging Industry
The molded pulp packaging market is fragmented due to the presence of several domestic and global players. The companies mainly offer customized solutions as per customers' requirements. Major players use various strategies, such as product launches, agreements, and acquisitions, to increase their footprints in the market. The key players in the market are Maspack Ltd, EnviroPAK Corporation, etc.
- APR 2022 - Sabert Corporation opened a 389,400 sq ft distribution center in the greater Chicago area, helping the company offer its products to its expanding customer base in the Midwest US and western Canada. The new location also centralizes the distribution point for three of Sabert's manufacturing facilities in Indiana, Illinois, and Kentucky, all within 300 miles of this unique distribution point. Many of Sabert's customers across the Midwest and Canada may see improved shipping cycles and other benefits.
- MAY 2022 - Mars, with SABIC and Huhtamaki, introduced recycled content into pet food packaging to support a circular economy. In 2021, Mars, working with SABIC and Huhtamaki, planned to include food-grade recycled plastic in the packaging of pet food brands. This important step may help accelerate the company's progress toward achieving 30% recycled content and 25% less virgin plastic by 2025.
Molded Pulp Packaging Market Leaders
Maspack Ltd
EnviroPAK Corporation
Huhtamaki Oyj
Brodrene Hartmann AS
UFP Technologies Inc.
*Disclaimer: Major Players sorted in no particular order
