Pulp Molding Machine Market Size, Share, Industry, Forecast and outlook (2024-2031)

Pulp Molding Machine Market is segmented By Product (Rotary Pulp Molding Machine, Reciprocating Pulp Molding Machine), By Machine Type (Automatic, Semi-Automatic, Manual), By Application (Trays, Bowls & Cups, End Caps, Plates, Cardboards lids drink carrier, Disposable  Pulp Tableware, Other), By End-User (Food Packaging, Food Service, Industrial, Healthcare, Electronics, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

Pulp Molding Machines market size is estimated to reach at a CAGR of 5.6% during the forecast period 2024-2031

Pulp molding machines are equipment that can create a variety of packaging for the food and beverage sector. The respective machine can produce packaging such as egg trays, cups, spoons, tiffins, cartons, etc. Pulp molding machine comes with numerous advantages, including ease of operation and maintenance, which allows for high productivity, easy interchangeability of mold tooling, lower energy consumption, lower manufacturing costs and faster setting time.

The pulp molding machines come in numerous models, such as wet and dry molding. The major manufacturers in the market are updating pulp molding machines to the next level of output by adding extra machines and components. Pulp molding machines are widely employed in various end-user sectors, including paper recycling, plastic molding facilities, etc.

Pulp Molding Machine Market Summary

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Pulp Molding Machine Market Trends

Increasing demand for food and beverages and environmentally friendly packaging boost the global pulp molding machines market. Further, the ban on single usage plastics also helps to boost the respective market.

Ban on the use of single-use plastics

Plastic was once a popular choice for manufacturing food storage containers due to its ability to protect the consumables and other sensitive contents from moisture and germs that can spoil them. However, due to the impact of certain variations of plastic on human health and nature, world governments, as well as regulatory authorities across the globe, have banned the usage of single-use plastic and containers based on single-use plastics.

Nonetheless, the impact of this ban is positive on the environment, as well as the global pulp molding machine market due to the resultant increase that would experience in demand for pulp-based products such as containers cartons, among others manufactured utilizing pulp molding machines. For instance, in Japan, 12 kinds of plastics in retail and restaurant markets will be banned from April 1, 2022. The respected industries are asked to take measures to adapt to alternative materials as a part of the imposition of this new rule. Since such rules the world over, the global paper molding machine market is expected to expand as these machines find application in the manufacture of alternative packaging solutions, whose demand and production would increase enormously due to the ban of single-use plastics. As a result, the respective ban of single-use plastics could be considered a major driver for the global pulp molding machine market.

The high power consumption and capital investments

Since pulp molding machines are extremely large and composed of numerous parts, the investments in terms of money and space would be colossal compared to most machines. Further, As per data, U.S. pulp and paper industry consumes over US$ 7 million worth of fuel as well as electricity every year.

Due to the enormous investment requirements in terms of the money required to purchase the machinery, space required for its instalment, as well as power and other fuel resources, most manufacturers, particularly small-scale ones, restrict themselves from entering the respective market. Since this effect affects the overall production potential of the market, the respective parameter could be considered a major market restraint that constricts the market growth.

COVID-19 Impact Analysis

The global pulp molding machines market has seen a minor decline due to the COVID-19 epidemic, which forced the closure of several major manufacturing industries. Several countries have temporarily halted manufacturing due to the COVID-19 epidemic. Further, due to low demand in the growth of the food and beverage, one of the primary consumers of pulp-based products, the demand for pulp molding machines decreased extensively.

However, demand for pulp molding machines climbed marginally as the environmental concerns and banned against plastic gained momentum after the second wave of the pandemic. Additionally, the market is also boosted as several top manufacturers began production again. Furthermore, after the initial phases of the COVID-19 epidemic, the leading makers of sustainable products planned investments and introduced innovative products for the medical and healthcare industries, which are manufactured utilizing pulp molding machines.

For example, Diageo, a global beverage alcohol firm, unveiled a sustainable packaging solution in conjunction with Pulpex Limited on July 15, 2020, for the creation of the world's first 100 per cent plastic-free paper-based spirits container. Such investments and products launches are expected to boost the post- COVID-19 market prospects of the global pulp molding machines market.

Pulp Molding Machine Market Segments

The global pulp molding machines are segmented on type, machine type, pulp-type, capacity (Units Per Hour), application, end-user and region.

Rising demand for sustainable packaging in the food and beverages, automotive and electronics sector drives the rotary pulp molding machine market growth.

The pulp molding machines market is divided into two types: rotary and reciprocating pulp molding machines. The rotational pulp molding machine has the largest market share, owing to the increasing demand for sustainable packaging in consumer electronics, automotive components, food and drinks and other industries.

For instance, according to IBEF (India Brand Equity Foundation) Organization, consumer electronics and appliances sales in India reached over US$ 10.93 million in 2019 and are expected to reach around US$ 21 million by 2025. The expected growth in electronics, appliances and similar consumer markets might open many doors for the rotatory pulp business, which is needed to make sustainable packaging for these respective markets.

Pulp Molding Machine Market Geographical Share

Asia-Pacific holds the largest market share global Pulp Molding Machines Market

Due to the existence of various manufacturing businesses, growing industrialization and increased investment by the top players in this region, Asia-Pacific dominates the global pulp molding machines market, accounting for the biggest market share, followed by North America and Europe. Increased government and private sector investment in sustainable packing markets and associated manufacturing technologies have boosted the need for pulp molding machines in Asia-Pacific.

Rising egg production and consumption have fueled demand for pulp molding machines to produce sustainable, environmentally friendly egg trays in the Asia-Pacific area. According to the FAO, global egg production climbed to over 28.9 million tonnes in 2016, with Asia-Pacific countries accounting for 67 per cent of the total of around 19.4 million tonnes. It produced a huge demand for pulp molding machines in this region, which are needed to make eco-friendly paper egg trays.

Similarly, North America is increasing quicker due to enhanced technology and increased acceptance of sustainable packaging in the food and beverage, automotive, electrical and electronics industries.

Pulp Molding Machine Market Companies and Competitive Landscape

The pulp molding machines market is moderately competitive, with both domestic and global players. Sodaltech, Qingdao Perfect Equipment & Parts Co., BeSure Technology Co., Longkou Hongrun Packing Machinery Co., Ltd., Eurasia Light Industry Equipment Manufacture Co., Ltd., Anyang General Global Co., Ltd., Henan Qinyang Shunfu Paper Machinery Co., LTD, Beston Machinery, Shuanghuan Fiber Molding Machinery Co., Ltd, Quanzhou Far East Environmental Protection Equipment Co., among others.

Product launches, acquisitions and partnerships are among the leading players' growth tactics, all of which are contributing to the global growth of the Pulp Molding Machines Market. For instance, Qingdao Perfect Equipment and Parts Co., Ltd started exporting its 5000-piece-per-hour pulp paper molding machine to Uzbekistan in December 2019.

Beston Machinery:

Overview: Beston Machinery, based in Henan Province, China, was formed in 1998. The company is a professional firm that specializes in waste-to-energy plant production and design. Customers worldwide rely on the company for pyrolysis plants, paper mold machines, biomass carbonization plants and waste sorting machines.

Product Portfolio: The company has a product portfolio of the pulp molding machine that includes:

• Pulp molding machine: Waste paper is recycled into egg trays, egg cartons, cup holders, seedling trays, fruit trays and other items. It can be tailored to meet specific requirements and applications. Beston Machinery has created seven different models from which to pick. For example, an egg tray machine may produce 1,000 to 6,000 trays per hour.
• BTF-1-3: The product has 1000 pieces per hour capacity and a Mold Quantity of 3. The machine is automatic and consumes a total power of 34 kW.

Key Development: Beston Machinery attended the IFAT exhibition in Munich from May 4 to 8, 2020. The Global Fair for Water, Sewage, Waste and Raw Materials Management (IFAT) is the world's largest trade show for water, sewage, waste and raw materials management.