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2020-03-06
620
Global
Changing diet habits and lifestyle of consumer is increasing the consumption of calories and protein enriched food globally. Ongoing demand of high value protein is creating a huge potential market for eggs across the globe. In 2015, over 190 eggs per person were available for global consumption. Eggs and egg products are an integral part of households and restaurants which is increasing the demand for eggs and eventually will encourage the packaging market for safe transportation. In 2016, as per United States Department of Agriculture (USDA), egg production in U.S. is increased by 5% as compared to 2015. Rising consumption of eggs is boosting the demand for egg production and packaging market to fulfill the global requirements.
Intense competition among the market players is leading the manufacturer to shift towards innovative packaging to gain consumer interest with effective solution for the storage and transportation of eggs in bulk. Effective packaging ensures the quality of eggs and help in absorbing shock and stress during transportation which also reduces the chances of generating egg waste. For instance, in 2015, leading food packaging company Huhtamäki, introduced an innovative molded fiber egg packaging solution which consist of 50 % grass fibers. Molded fiber packaging helps in protecting eggs from moisture and shock in case of high pressure and change in temperature.
Global Egg Packaging Market is segmented on following basis
Based on Packaging Material
Based on Geography
Huge consumption and production of eggs in Europe and North America regions are also increasing the demand for efficient egg packaging. High production of eggs for domestic consumption in countries such as U.S., Denmark, Germany, France and U.K. is impelling the need for egg packaging solution. North America egg packaging market valued USD 2.6 billion in 2016, whereas Europe egg packaging market is anticipated to grow at a CAGR of 5.6% over the forecast period.
Remarkable growth in the consumption of eggs and other animal products in countries such as Brazil, Mexico, Argentina and South Africa are creating attractive business for egg packaging in Latin America and Middle East & Africa region. Latin America and Middle East & Africa together accounted for 5% revenue share of global egg packaging market in 2019.
Mounting production of eggs is fuelling the egg packaging market. Optimal protection that eliminates the breakage of eggs throughout the supply chain i.e. from storage and distribution to transportation. Ease of transportation and highly cost effective customize packaging attract consumer’s interest and will drive the egg packaging market in the near future. Molded egg packaging avoids loss of moisture and egg rottening by preserving its quality. Furthermore, molded packaging is ergonomic and tactile in nature that is suitable for eggs.
However, growing intense competition due to availability of large and small enterprises will affect the profit margins of leading vendors. Moreover, large quantity of water required for manufacturing of molded paper for packaging is also major concern for suppliers which is likely to impact the egg packaging business during the forecast period.
Market Segmentation
The Global Egg Packaging Market is segmented as follows:
By Regions
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
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