Pulp molded products are model products made of various shapes according to different purposes, mostly used as auxiliary materials with protective functions for various products, generally including buffer packaging materials, pulp molded agricultural products, and pulp molded products. Materials Molded products, disposable tableware and others, as follows:

      1. The global pulp molding market size exceeds 3 billion US dollars

      According to the research on the pulp molding packaging market by a comprehensive world-renowned market analysis agency, Grand View Research analyzed that the market size of the global pulp molding packaging industry in 2020 will be 3.8 billion US dollars, and will maintain a growth rate of 6.1% in the next 7 years, while Global Market Insights believes that the global pulp molding scale is 3.2 billion US dollars and will maintain a growth rate of 5.1% in the next seven years. Foresight comprehensively analyzes the market size of the global pulp molding and packaging industry by three well-known industry research companies in the world. According to preliminary statistics, the global pulp molding and packaging industry market size in 2020 is 3.5 billion US dollars, and the average annual compound growth rate of the market in 2021-2027 is 5.2%. .

     2. Egg packaging is the main application field

     Eggs are an integral part of the Western diet and are used in many major dishes. Molded pulp packaging demand for eggs accounted for about 75% of the market in 2020 and is expected to grow at a CAGR of 5.1% through 2027. According to UN data, total global egg production increased from 61.7 million tonnes in 2008 to 76.8 million tonnes in 2018, and the egg industry is the largest consumer of moulded 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 over any other option. Egg demand and per capita consumption are rising. The improvement of the economic level in the Asia-Pacific region is changing the consumption patterns of consumers. Thanks to low prices, economic growth and ample supply, more people are consuming eggs now than ever before. Strong growth in egg consumption will drive product demand in the coming years.

     3. The size of China's pulp molding market is about 5 billion yuan

     Eggs are the main application area for pulp molding globally, 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 in 2020 will increase steadily.

     According to estimates, the current penetration rate of pulp molding packaging is still low, about 30% (currently more plastic packaging is still used at the retail and wholesale ends), and at the wholesale price, the price of a pulp molding is 0.3 Yuan or so. Taken together, the market demand for pulp molded packaging in China in 2020 is about 5.5 billion yuan.