Prospects of the market scale of China's pulp molded tableware in the next five years

In 2020, global inflation will lead to soaring prices of various raw materials, but the growth rate of production capacity of such factories in China remains enthusiastic. According to statistics, 2020-2021 is the year with the fastest growth in the production capacity of pulp molded tableware and the year with the most expansion. The market demand ultimately determines the rapid development of the paper mold industry.

China's pulp molding market size is nearly 700 million US dollars

Through relatively complete statistics, there are currently about 45 pulp molded tableware factories in the country. The main production capacity is mainly concentrated in Jiangsu, Zhejiang, Guangxi and other places. However, with the continuous growth of market demand, the actual production capacity is still not enough. To meet the needs of current social development, the imbalance between supply and demand has become the main contradiction in the paper mold market after plastic bans and plastic restrictions.

From the perspective of market size, according to the data disclosed by Global Market Insights, the global pulp molding market size was US$3.4 billion in 2019. Among them, the Asia-Pacific region was the largest region in the global pulp molding packaging industry in 2019, accounting for about 40 % market share. Mainly due to the high production of eggs in the region coupled with the rapid growth of the food and food service industry, will positively impact the pulp molded packaging market in the next few years.

China is the largest egg producer in the world. Based on the current market situation of my country's pulp molding industry and the analysis of public information, it is conservatively estimated that China's pulp molding packaging industry currently accounts for about 20% in the Asia-Pacific region. Combined with the market size of the global pulp molding packaging industry, the market size of China's pulp molding packaging industry in 2019 is about 680 million US dollars.