A three-pronged approach was followed for deducing the molded pulp packaging market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for molded pulp packaging market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of molded pulp packaging market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The molded pulp packaging market was categorized into five segments, namely source (Wood Pulp, Non-wood Pulp), molded type (Thick Wall, Transfer, Thermoformed, Processed), product (Trays, End Caps, Bowls & Cups, Clamshells, Plates), end-use (Food Packaging, Food Service, Electronics, Healthcare, Industrial), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa)
The molded pulp packaging market was segmented into source, molded type, product, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The molded pulp packaging market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Italy; Spain; China; India; Japan; South Korea; Southeast Asia; Brazil; Argentina; Saudi Arabia; UAE; and South Africa.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The molded pulp packaging market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Brødrene Hartmann A/S - Brødrene Hartmann A/S was established in 1917 and headquartered in Gentofte, Denmark. The company employs over 2,500 people. The business segment comprises the production and sales of molded fiber packaging. It also involves producing and selling machinery and technology to molded fiber packaging manufacturers. The products sold through this segment are manufactured at company-owned factories in Europe, including Israel, and are primarily marketed to egg packaging businesses, producers, and retail chains.
Huhtamäki Oyj - Huhtamäki Oyj was founded in 1920, and the head office is operated from Espoo, Finland. 19,600 workers serve the company. The company is engaged in manufacturing standardized and customized packaging solutions. Its main customers include fast, casual, and quick-service restaurants, food & beverage companies, fresh produce retailers & packers, and foodservice operators.
UFP Technologies, Inc. - UFP Technologies designs and manufactures sub-assemblies, custom devices, components, and packaging using specialized plastics, films, and foams primarily for the medical sector. The company was established in 1963 in the USA. Its single-patient, single-use devices and components are utilized in a broad range of medical devices, infection prevention, disposable wound care, wearables, minimally invasive surgery, orthopedic implant packaging, and orthopedic soft goods.
Thermoform Engineered Quality LLC - The US-based company offers a wide range of products, such as automotive packaging, shelf-ready packaging, and blister packaging. The company makes customized packaging for specific applications with the help of surfacing software and 3D modeling to create initial prototypes.
Genpak, LLC - Genpak, LLC was formed in 1969 in North Carolina, U.S. The company primarily caters to food processing, retail, and food service industries through a wide range of products, including hinged containers, plates, platters, bowls, trays, and cups. The material primarily used by the company for manufacturing molded fiber packaging is bagasse, which is a byproduct of sugar industry.
Eco-Products, Inc. - Eco-Products, Inc. is started in 1990 in Colorado, U.S. The company is a leading manufacturer of sustainable single-use food service products. Its product portfolio includes cups, containers, plates, bowls, lids, and utensils.
Pro-Pac Packaging Limited - The Australian company operates through four segments: flexible, industrial, rigid, and unallocated. The flexible packaging segment manufactures flexible packaging materials incorporating products such as shrink and stretch wrap, fresh produce bags, lidding, and barrier films. It is also engaged in installing, supporting, and maintaining packaging machines.
Fabri-Kal - Fabri-Kal was established in 1950 in the state of Michigan, USA. Its product portfolio includes a range of cups, portion cups, square, round & hinged containers, and sip lids. The company sells its products through brands such as Alur, Greenware, KalClear, Nexclear, SideKicks, and TruWare. It operates five manufacturing, warehousing, and printing facilities across the U.S.
Henry Molded Products, Inc - The company’s popular product line includes Stakker molded fiber roll cradles, which cater to various textile, film, and cylindrical roll producers. Apart from the standard products, the company offers customized molded fiber packaging products such as pallets, corner protectors, and containers such as horticulture and nursery containers.
Sabert Corporation - Sabert Corporation designs manufactures and distributes a wide range of packaging solutions for restaurants, caterers, food distributors, grocery stores, consumer entertainment, and national food chains. The company started in 1983 in the USA.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
revenue/volume
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.