According to Goldstein Research, “Eggs are fragile in nature thus secure and careful packaging of egg is a necessity. Rising consumption of eggs due to its protein richness and easy to cook nature is fuelling the demand for efficient packaging of egg across the globe.”
The global egg packaging market is segmented on the basis of packaging material type which is further classified as molded paper and plastics. Molded paper occupied 58% revenue share of global egg packaging market in 2016 and is expected to dominate the market over the forecast period. Low raw material cost, high temperature and water resistant properties is bolstering the adoption of molded paper for egg packaging. Molded paper are 100% recyclable and rising preference of eco-friendly packaging over conventional packaging will eventually boost the demand for molded paper for egg packaging.
Plastics packaging material is bifurcated into polystyrene and polyethylene terephthalate (PET). Among these segments PET is expected to occupy largest market share owing to its cleaning and reusability property. In 2016, PET valued USD 2.8 billion and polystyrene accounted for 7% revenue share of total egg packaging market.
Latin America is the fastest growing region for global egg packaging market, owing to the rising production and consumption of eggs in Brazil, Mexico and Argentina. In 2016, over 200 eggs per person were consumed in Brazil. Latin America egg packaging market valued USD 0.32 billion in 2016 and is projected to register notable growth during the forecast period.
Green way to store eggs
Increasing adoption of plastic packaging is the major concern for health and environment. As per Environmental Protection Agency (EPA) and the International Agency for Research on Cancer, high level of exposure to polystyrene may cause cancer. Also polystyrene are non-biodegradable and releases ozone-depleting gases in nature which causes harmful impacts to the environment. To overcome this issue, vendors are implementing advance technology to offer innovative packaging solutions which reduces harmful effects of plastic packaging. Cell pulp egg cartons, cardboard egg cartons and bamboo pulp cartons are eco-friendly solutions provided for egg packaging.
“Global Egg Packaging Market Outlook 2024” contains detailed overview of the global egg packaging market in terms of market segmentation by packaging material type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
Global egg packaging market report also provides competitive outlook for some of the major players which includes profiling of companies such as Celluloses de la Loire (CDL), Hartmann, Huhtamäki, Pactiv, Europack, Tekni-Plex, DFM Packaging Solutions, Dispak, Primapack, MyPak Packaging, SANOVO TECHNOLOGY GROUP, StarPak, DAVA Foods and Ovotherm. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global egg packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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