The global economy stands at a critical crossroads, with many interrelated challenges and crises occurring simultaneously. Uncertainty over how Russia's war on Ukraine will play out this year and its role in creating global instability means the problems on inflation are not over yet.
NEW YORK, May 17, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com Announces the Release of the "Global Molded Pulp Packaging Industry" Report - https://www.reportlinker.com/p06032262/?utm_source=GNW
Food and energy inflation will remain an ongoing economic concern. Rising retail price inflation will affect consumer confidence and spending. As the government fights inflation by raising interest rates, new job creation will slow and affect economic activity and growth. Capital spending is expected to fall as companies slow investment amid concerns about inflation and weak demand. With slowing growth and high inflation, developed markets appear primed for a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic trajectory pose a real risk that the world will experience deeper supply chain pain and manufacturing disruption this year. Volatile financial markets, rising trade tensions, a tougher regulatory environment and pressure to integrate climate change into economic decision-making will compound the challenges ahead. 2023 is expected to be a difficult year for most markets, investors and consumers. However, there is always opportunity for companies and their leaders who can lead the way with resilience and adaptability.
Global pulp molded packaging market to reach $7.7 billion by 2030
In the new post-COVID-19 business landscape, the global molded pulp packaging market is expected to reach USD 4.7 billion by 2022 and a revised USD 7.7 billion by 2030, growing at a CAGR of 6.5% during the period rate growth. 2022-2030 years. Wood pulp, one of the market segments analyzed in the report, is expected to grow at a CAGR of 6% to reach USD 6.3 billion by the end of the analysis period. Given the continued post-pandemic recovery, non-pulp sector growth is re-calibrated to a revised CAGR of 9.1% over the next 8-year period.
The U.S. market is estimated at $1.3 billion, while China is projected to grow at a CAGR of 11.4%
The U.S. pulp molded packaging market is estimated to be worth USD 1.3 billion by 2022. China, the world's second largest economy, is expected to have a market size of US$1.9 billion by 2022. By 2030, the CAGR is 11.4% during the analysis period of 2022 to 2030. Other notable geographic markets include Japan and Canada, which are forecast to grow by 2.7% and 4.8% between 2022 and 2030, respectively. In Europe, Germany is projected to grow at a CAGR of approximately 3.9%.
