Pulp molding has a low penetration rate in the domestic market, but the industry has huge development prospects

Pulp molding is a three-dimensional papermaking technology that uses waste paper as raw material and uses special molds to create paper products of specific shapes. Pulp molding has a wide range of raw materials, simple manufacturing, no pollution to the environment, and the finished product is small in size and easy to transport. Pulp molded products are mostly auxiliary appliances and have a high demand for use as cushioning packaging materials. In addition, with the implementation of environmental protection policies and the rise of “paper instead of plastic”, pulp molding is also used in disposable tableware, and the application demand continues to rise.

Pulp molding has been developed in China for a long time, with a history of about a hundred years. It is used in many fields such as automobiles, electronics, office equipment, medical equipment, etc. It is highly digitally mature and has formed production standards. It is relatively leading in terms of production equipment and technology. . Compared with foreign developed countries, my country’s pulp molding industry started late, with low production capacity and limited application scope.

Globally, pulp molded products are mainly used as cushioning materials in egg packaging and transportation. In 2020, the egg pulp molded packaging demand market accounted for approximately 76%. my country is the world’s largest egg producer. In 2020, my country’s egg production was approximately 19 million tons, an increase of 1.5% year-on-year. Domestic egg production and sales are high, but the demand for pulp molding applications is low. The market penetration rate is about 28%. In 2020, the egg pulp molding market size will be about 5.6 billion yuan.

According to the“In-depth Analysis of the Pulp Molding Equipment Industry from 2021 to 2025 and the “14th Five-Year Plan” Development Plan Guidance Report compiled and released by the Industrial Research Center It shows that pulp molding also has strong development potential in areas such as e-commerce and takeout. It is expected that pulp molding will account for only 4% of the entire plastic packaging market in 2020. In 2020, my country’s pulp molding The market capacity is approximately 34.5 billion yuan. Due to the strict implementation of the “plastic ban order”, pulp molding has penetrated rapidly in the country. It is expected that the penetration rate will reach about 32% in 2025, and the market size will reach 240 billion yuan by then.

There are many domestic pulp molding manufacturers, about 500 of them, mainly concentrated in Hebei Province, Northeastern Province, and Guangdong Province. However, most of them are small in scale. Representative companies include Yutong Technology, Chemical Environmental Protection, Huilin Packaging, Jinsheng Environmental Protection and other companies.

Currently, my country’s pulp molding is in a state of trade surplus. In 2019, my country’s pulp molding products exported approximately 68,000 tons, with an export value of US$2.22 billion, mainly exported to the United States, Australia and other countries; in 2019, my country’s pulp molding products The import volume is about 2,000 tons, and the imported products mainly come from Japan.

Industry analysts said that pulp molded products, as buffer packaging materials, have high application demand in egg packaging, and the industry development prospects are relatively high. good. At present, the penetration rate of pulp molding in the domestic egg field is low, and there is huge room for development in the future. my country has a high output of pulp molded products and is a major export country. Currently, there are many domestic production companies and the market competition is fierce.