"Overview of Egg Packaging Market"
The Value Of Global Egg Packaging Market Was Estimated At Around US$ 5.4 Bn In 2018. Global Egg Packaging Market Is Expected To Witness A CAGR Of 6.0% % During The Forecast Period 2019-2027.
Egg packaging has gained importance in recent times due to an increase in egg consumption and an increasing need to transport eggs over longer distances than before. The main factor supporting the global egg packaging market is the delicate nature of the eggs, as these require good quality of packaging in order to prevent any type of damage. Conventionally used cartons and trays are designed to withstand shocks during transportation and handling. In addition to this, these outer surfaces incorporate an external covering that protects the eggs from dislocation and avoids physical damage. This demand is also driven by the exponential growth in global egg production.
In addition to this, consumers prefer eggs to meat as a good source of protein. This factor also boosts the growth of the eggs packaging market. The thriving food industry across the globe, particularly in the emerging economies of China, India, Brazil, and Indonesia, has also supported the egg packaging market. Volatile raw material prices, however, lead to fluctuations in packaging material, intense competition among manufacturers and an increase in prohibitive regulation of plastics may limit the demand for egg packaging.
Eggs demand careful handling before, during and after transit, hence egg packaging plays a crucial role. Trays and cartons that are usually used for egg packaging are constructed in such a way that they can be stacked and stored in crates or boxes for long periods of transit. Efficient egg packaging improves egg quality by reducing stress and shock during shipping.
By Material Segment, Molded Fiber-Based Product Held the Largest Market Share of Global Egg Packaging Market In 2018
Egg packaging manufacturers are adopting molded fiber-based products that reduce carbon footprint. Packaging experts and consumer product companies in the egg packaging industry are concentrating on' green packaging,' as polystyrene is not easily recyclable and needs more fossil fuel to be generated.
High demand for sustainable solutions, such as molded fiber in the egg packaging industry. Egg packaging plays a key role in maintaining the shelf life of eggs, in addition to effectively reducing the negative impact of dust and dirt during transit.
Trays and Cartons Held a Significant Share of Global Egg Packaging Market In 2018
In order to determine the size of the egg packaging market in terms of value and volume, the revenue generated by the key egg trays and cartons manufacturers and their respective production capacity shall be taken into account. Trays and cartons are always preferred by end-users as these offer ease of transportation over other alternatives available.
North America Is Expected To Dominate the Egg Packaging Market during the Forecast Period
North America held the largest share of the global market for egg packaging in 2018, due to increasing health awareness and high disposable income for the regional population. Conventional eating habits and lifestyles are other positive factors for the North American egg packaging market. The main share of this regional market is held by the United States and Canada. In addition to this, improved technologies result in cost-effective packaging that enables the rapid growth of the regional market. Many key players in the global market, such as CKF Inc. and UFP Technologies, are also active in North America. Paper-based packaging content is a relatively popular segment of the entire region.
Latin America has immense potential for growth in the egg packaging market due to the increasing regional production and consumption of eggs. Brazil and Argentina together represent a major part of the market for Latin American egg packaging. The Middle East and African regions have a relatively smaller share of the global egg packaging market and are projected to see moderate demand growth in the future.
Some of the key players in the global egg packaging market are UFP Technologies, Brodrene Hartmann, Ovotherm International Handel, Pactiv, Ulma Packaging, DFM Packaging Solutions, and others
Egg Packaging Market Segmentation:
Global Egg Packaging Market by Material:
- Molded fiber
Global Egg Packaging Market by Product:
Global Egg Packaging Market by Region:
- North America
- Latin America
- Middle East & Africa