Analysis of development status and market size of China's pulp molding in 2022

Pulp molded products are model products made into various shapes according to different uses. They are mostly auxiliary and protective materials used for various products. They generally include buffer packaging materials, pulp molded agricultural products, pulp molded material molded products, disposable tableware and others, as follows:

1. The global pulp molding market exceeds US$3 billion. According to comprehensive research on the pulp molding packaging market by well-known global market analysis institutions, Grand View Research analyzes the market size of the global pulp molding packaging industry in 2020 at US$3.8 billion and will maintain a growth rate of 6.1% in the next seven years. Global Market Insights believes that the global pulp molding scale will be US$3.2 billion and will maintain a growth rate of 5.1% in the next seven years. Qianzhan comprehensively analyzed the market size of the global pulp molded packaging industry from three well-known industry research companies in the world. Preliminary statistics indicate that the market size of the global pulp molded packaging industry in 2020 will be US$3.5 billion, and the average annual compound growth rate of the market from 2021 to 2027 will be 5.2%.

2. Poultry and egg packaging is the main application area. Eggs are an integral part of the Western diet and are used in many major dishes. Demand for molded pulp packaging for eggs accounted for approximately 75% of the market share in 2020 and is expected to grow at a CAGR of 5.1% by 2027. According to United Nations data, total global egg production increased from 61.7 million tons in 2008 to 76.8 million tons in 2018, and the egg industry is the largest consumer of molded pulp packaging. Egg processors in North America and Europe primarily use molded pulp for packaging. Molded pulp packaging has become the standard in the egg industry as most consumers prefer molded pulp packaging to any other option. Egg demand and per capita consumption are rising. The improvement of economic level in the Asia-Pacific region is changing the consumption patterns of consumers. Thanks to low prices, economic growth and abundant supplies, more people are eating eggs now than ever before. Strong growth in egg consumption will drive product demand in the coming years.

3. China’s pulp molding market size is about 5 billion yuan. Eggs are the main application field of global pulp molding, and China is the world’s largest egg producer. According to the Poultry Industry Branch of the China Animal Husbandry Association, the egg production of China's laying hens will grow steadily in 2020. The egg production of China's laying hens will reach 18.9565 million tons in 2020, an increase of 244,800 tons compared with 2019, a year-on-year increase of 1.31%.

According to calculations, the current penetration rate of pulp molding packaging is still low, about 30% (currently, plastic packaging is still used mostly at the retail and wholesale ends). At the same time, based on the wholesale price, the price of a pulp molding is about 0.3 yuan. Taken together, the market demand for pulp molded packaging in China in 2020 is approximately RMB 5.5 billion.