Activated Carbon Market Size To Reach $4.80 Billion By 2030

 

The global Activated Carbon Market size is expected to reach USD 4.80 billion by 2030 to expand at a CAGR of 3.7% from 2024 to 2030 according to a new report by Grand View Research, Inc.  This increase can be attributed by the need for a powdered and granular form is expected to increase as the demand for water and air purification in coal-fired plants grows and clinker cement industries.

Asia Pacific dominated the regional segment due to the growing industrialization in Japan and the developing economies. North America is another key region contributing to market growth due to stringent emission regulations in the region.

Various regulatory agencies have enacted strict environmental pollution control policies and encouraged the use in air and water treatment plants, which is expected to boost the market throughout the anticipated period. Implementation of regulations by various governments is expected to drive the product consumption in the forecast period.

The supply chain of the raw materials was drastically impacted by the COVID-19 outbreak, which further affected the production and consumption patterns globally. Powdered carbon type has dominated the product consumption since last decade. Consequently, halt in production of non-essential chemicals, ingredients or industrial products has drastically hampered demand. This resulted in negative impact on the market in 2020.

List of Key Players of Activated Carbon Market

• CarbPure Technologies
• Boyce Carbon
• Cabot Corporation
• Kuraray Co.
• CarboTech AC GmbH
• Donau Chemie AG
• Haycarb (Pvt) Ltd.
• Jacobi Carbons Group
• Kureha Corporation
• Osaka Gas Chemicals Co., Ltd.
• Evoqua Water Technologies LLC
• Oxbow Activated Carbon LLC
• Carbon Activated Corporation
• Hangzhou Nature Technology Co., Ltd.
• Datong Coal Jinding Activated Carbon Co.
• CarbUSA, Sorbent JSC

Related Press Release@ Activated Carbon Market Report

Activated Carbon Market Report Highlights

• Powdered activated carbon segment dominated the type segment as they are used in water treatment which is the major end use industry of the market
• Asia Pacific witnessed the fastest growth rate due to factors like large availability of good quality coconut shell. The regional market is also driven by growing disposable income, surge in the automotive industry
• Companies such as Cabot Corporation have fully integrated their processes. Raw material procuring, product preparation and distribution processes are fully integrated. The full integration strategy adopted by companies is done to offset the volatility involved in raw material procurement and to implement strict quality parameters on production
• The spread of COVID-19 has negatively impacted each and every sector including chemical. The supply chain of raw materials of silicone-based adhesion market drastically impacted the production and consumption pattern

Activated Carbon Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 3.86 billion
Revenue forecast in 2030	USD 4.80 billion
Growth rate	CAGR of 3.7% from 2024 to 2030
Historical data	2018 - 2023
Forecast period	2024 - 2030

 

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Activated Carbon Market Segmentation

Grand View Research has segmented the global activated carbon market report based on raw material, product, application, end-use, and region:

Activated Carbon Type Outlook (Revenue, USD Thousand; Volume, tons; 2018 - 2030)

• Powdered
• Granular
• Others

Activated Carbon Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Liquid Phase
• Gas Phase

Activated Carbon End-use Outlook (Revenue, USD Thousand; Volume, tons; 2018 - 2030)

• Water Treatment
• Food & Beverage Processing
• Pharmaceutical & Medical
• Automotive
• Air Purification
• Others

Activated Carbon Regional Outlook (Revenue, USD Thousand; Volume, tons; 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• South Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Molded Pulp Packaging Market To Reach $8.90 Billion By 2030

 

The global Molded Pulp Packaging Market size is expected to reach USD 8.90 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% over the forecast period 2024 - 2030. This is attributed to the increasing demand for environment-friendly packaging solutions by end-user industries and rising environmental concerns among consumers about single-use plastic.

Plastic is one of the majorly used materials for packaging in various industries including food & beverage, healthcare, cosmetics & personal care, and consumer goods. However, plastic is a non-biodegradable, unsustainable material, and can have an adverse impact on the life of humans as well as animals. In addition, the recycling rate of plastic waste products is low as compared to the consumption rate, which ultimately pollutes land, ocean, and drinking water.

Over the years, numerous regulatory agencies and governments around the world have put limitations on the formation of plastic waste in an effort to reduce this enormous amount of plastic waste produced annually. Several retail chains and food service operators are expected to shift from plastic packaging to molded pulp packaging in order to meet the growing consumer demand for biodegradable packaging. Thus, these factors are expected to fuel the demand for molded pulp packaging over the forecast period.

The global pandemic in the year 2020 created a positive impact on molded pulp packaging owing to increasing demand for eggs from the retail chain followed by the rise in demand for doorstep deliveries of fresh fruits & vegetables, and eggs. The rise in egg consumption was due to a variety of factors such as a boost in at-home baking and an increase in demand for healthy proteins. As the food service outlets were closed in most places in the world, egg producers shifted the supply to supermarkets. The standard molded fiber pulp packaging for eggs sold at supermarkets saw significant pressure on inventory leading to a shortage. The shortage has eventually diminished as more people have relaxed and the panic buying & hoarding of eggs has significantly reduced.

The industry players are adopting several strategies including mergers & acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance, in November 2022 CKF Inc announced an acquisition of Packright Manufacturing Ltd., a packaging manufacturer company. This acquisition will help the company to strengthen its position in the sustainable packaging market.

List of Key Players in the Molded Pulp Packaging Market

• Brodrene Hartmann A/S
• Huhtamako Oyj
• CKF Inc
• Thermoform Engineered Quality LLC
• Genpak, LLC
• Eco-Products, Inc.
• Pro-Pac Packaging Limited
• Fabri-Kal
• Hentry Molded Products, Inc.
• Sabert Corporation
• HEFEI CRAFT TABLEWARE CO., LTD.
• Laizhou Guoliang Packing Products Co. Ltd
• MVI ECOPACK
• Pton Molded Fiber Products Co., Ltd
• Qingdao Xinya Molded Pulp Packaging Products Co., Ltd.
• Fuzhou Qiqi Paper Co., Ltd
• Shandong Upmax Packaging Group Co., Ltd.
• Huain, Inc.

 

Related Press Release@ Molded Pulp Packaging Market Report

Molded Pulp Packaging Market Report Highlights

• The wood pulp dominated the market in the source segment in 2023 owing to the rising awareness of sustainable packaging among consumers as the wood pulp is considered sustainable due to its 100% degradable properties
• However, higher production costs and abundant availability of substitute sustainable packaging solutions in the market restraint the growth of the molded pulp packaging industry to some extent
• The transfer type segment accounted for the highest market share due to its wide application in the food & beverage industry as it offers anti-shock properties of this packaging restraint damage or breakage to the products, especially beverage bottles and egg trays.
• Molded pulp clamshells segments is expected to dominate the product segment over the forecast period 2023-2030. Plastic clamshells offer higher moisture barrier ability than molded pulp packaging, declining use of single-use plastics is hindering the growth of the market for plastic clamshells. For instance, some countries across the world have banned the use of plastic clamshells for packing eggs. Therefore, such bans on plastic clamshells are likely to positively impact the growth of the market for molded pulp clamshells
• The food packaging application segment is dominating the market. Increasing consumption of vegetables, eggs and fruits by diet-conscious population has been driving worldwide, which, in turn, is expected to bolster these exports and imports between countries, thus, requiring molded pulp packaging
• New product developments coupled with mergers & acquisitions, and capacity expansions are some of the strategies adopted by players. For instance, in June 2022, Huhtamäki Oyj announced its plans to invest USD 100.0 million to expand the production capacity of its molded fiber product manufacturing unit in Indiana, the U.S.

Molded Pulp Packaging Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 5.81 billion
Revenue forecast in 2030	USD 8.90 billion
Growth rate	CAGR of 7.4% from 2024 to 2030
Historical data	2018 - 2023
Forecast period	2024 - 2030

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Molded Pulp Packaging Market Segmentation

Grand View Research has segmented the global molded pulp packaging market based on source, molded type, product, application, and region:

Molded Pulp Packaging Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Wood Pulp
• Non-wood Pulp

Molded Pulp Packaging Molded Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Thick Wall
• Transfer
• Thermoformed
• Processed

Molded Pulp Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Trays
• End Caps
• Bowls & Cups
• Clamshells
• Plates
• Others

Molded Pulp Packaging End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Food Packaging
• Food Service
• Electronics
• Healthcare
• Industrial
• Others

Molded Pulp Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Southeast Asia
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa