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Stock impact report

Molded Pulp Packaging Market To Reach USD 9.2 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]

UFP Technologies, Inc. (UFPT) 
Last ufp technologies, inc. earnings: 3/4 08:35 am Check Earnings Report
US:NASDAQ Investor Relations: ufpt.com/investors
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, April 17, 2024 (GLOBE NEWSWIRE) -- Environmental concerns and hazards of extensive use of plastic use to propel the molded pulp packaging industry. Growing concerns for the environment and a heightened understanding of the detrimental effects of plastic packaging have spurred a significant transition towards eco-conscious and sustainable packaging options. As per research conducted by Accenture, approximately 60% of consumers worldwide have actively chosen sustainable products within the past six months. Molded pulp packaging, crafted from recycled paper and other plant-derived materials, has become a favored substitute for traditional plastic packaging. The United States Environmental Protection Agency (EPA) reports that paper and paperboard comprised over 65% of all packaging materials recovered for recycling in the United States. The biodegradable and compostable properties of molded pulp packaging have fueled its adoption across diverse sectors, encomp Show less Read more
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