A comprehensive analysis on the Egg Packaging market by Future Market Insights (FMI) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Material Type, Product and Application over the next 10-years.
DUBAI, UAE, March 8, 2022 /PRNewswire/ -- The global egg packaging market is pegged to reach US$ 10.3 Bn by the year 2029 at a CAGR of 5.8% between 2022 and 2029.
Attributes | Details |
Egg Packaging Market Size (2022) | US$ 6.8 Bn |
Projected Market Value (2029) | US$ 10.3 Bn |
Global Market Growth Rate (2022-2029) | 5.8% CAGR |
Collective Value Share: Top 5 Companies (2022E) | 16% |
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As indicated by the report, thorough research about macro and microeconomic factors influencing growth of the egg packaging market, FMI opines that the market will expand at a CAGR of over 5.8% during the forecast period, representing a healthy growth outlook over coming years.
Moulded fibre and plastics, including polystyrene and polyethylene terephthalate (PET), are among the most commonly used raw materials for egg packaging. The FMI study predicts that the global market for egg packaging made of plastic will expand at a CAGR of 6% during the forecast period.
Moulded fibre provides integrated structure with suitable rigidity and stiffness which makes it suitable for shock proof performance. Also, moulded fibre trays have good air permeability and hygroscopic ability which plays an important role in egg packaging and storage.
However, the price of moulded fibre is comparatively on the higher end as compared to plastics. In addition, plastic trays are reusable and washable. This is one of the main factors why plastic is preferred over moulded fibre in the egg packaging market. Trays made up of polystyrene offer superior cushioning and protection against moisture and odor. Also, plastic is fungus- and mould-resistant, which marks another benefit over moulded fibre in terms of maintenance.
End-users Prefer Trays over Cartons as Convenience Becomes Paramount
Egg packaging solutions available in the market are either egg trays or cartons. FMI predicts that egg packaging solutions in the form of trays will have a lion's share in the egg packaging market during 2019-2029. This is mainly attributed to the ergonomics of trays. Trays also provide a convenient method for counting eggs.
Moreover, special care needs to be taken for cartons made up of moulded fibre as they cannot be placed at the bottom as a stack. Higher level of convenience of egg packaging in the form of trays is thus expected to influence the dynamics of the egg packaging market in the upcoming years.
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Egg Packaging Market is Becoming Highly Competitive
In recent times, egg packaging manufacturing industries are witnessing intense competition among regional players. In order to remain competitive in the market, manufacturers are focused on innovation in product design, in terms of shape, size, raw materials, and functional properties.
Key manufacturers in the egg packaging market such as Huhtamaki are opting for grass-based materials for the production of cartons. Rye grass cartons are another alternative to traditional cartons in the egg packaging market. These cartons are made up of rye grass & cardboard, elevating sustainability quotient of the egg packaging market.
Key vendors in the egg packaging market are expanding through organic methods such as launching new products or expanding their manufacturing capacity. For instance, Huhtamaki has developed new egg trays for 30 eggs at its Brazil manufacturing plant.
Key manufacturers in the egg packaging market profiled in this report include- Huhtamaki Oyj, Brodrene Hartmann A/S, Henry Molded Products, Inc., Pacific Pulp Molding, LLC, Pactiv LLC, Sonoco Products Company, Primapack SAE, CKF Inc., Biodegradable Packaging for Environment Co., Ltd., D&W Fine Pack LLC, Placon Corporation Inc., Mauser Packaging Solutions, Linpac Packaging Ltd., Tekni-Plex Inc., Graphic Packaging Holding Company, Genpak, LLC, KSP Fiber Products Pvt Ltd., Al-Ghadeer Group, Guangzhou NANYA Pulp Molding Equipment Co., Ltd., Celluloses De La Loire, and Dynamic Fibre Moulding (PTY) Ltd.
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Key Segments Covered In Egg Packaging Industry Research
Egg Packaging Market by Material
- Paper
- Paperboard
- Recycled Paper
- Molded Cup
- Plastic
- Polyethylene Terephthalate
- Polystyrene
- Others
Egg Packaging Market by Product Type
- Cartons
- Trays
- Containers
- Others
Egg Packaging Market by Application
- Retailing
- Transportation
- Others
Key Questions Answered in the Report
- How much is the Egg Packaging market currently worth?
- What is the sales forecast for Egg Packaging through 2029?
- What was last 7-year market CAGR for the sales of Egg Packaging?
- Who are the key manufacturing companies for Egg Packaging?
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest?market research reports?and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and?syndicated market research reports?deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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