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Participants in the molded fiber pulp packaging market are leveraging strict regulations imposed by many countries against the use of plastics to provide sustainable alternatives.
DUBAI, UAE / ACCESSWIRE / January 21, 2021 / The molded fiber pulp packaging market is anticipated to grow steadily reaching a substantial US$ 13 billion by the end of 2030. The coronavirus pandemic is likely to negatively impact the short-term prospects of the molded fiber pulp packaging market. Reduced demand in automotive, logistics, cosmetics, and the food service sectors are likely to hurt market players. However, the market is likely to display steady recovery towards 2021 as governments take steps to gradually relax lockdown regulations in the near future.