With 4.52% CAGR, Egg Packaging Market Size to Reach US$ 5.9 Billion by 2022-2027
The latest research study “Egg Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global egg packaging market size reached US$ 4.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2027, exhibiting a growth rate (CAGR) of 4.52% during 2022-2027.
Industry Definition and Application:
Egg packaging refers to a customized wrapping material specifically built for the safe storage and transportation of eggs. It can be categorized into baskets, cartons, trays, containers, etc. Egg packaging baskets are manufactured using odorless and clean wheat chaff, rice husks, chopped straws, etc. The cartons, on the other hand, are designed with paperboard, polyethylene terephthalate, polystyrene, recycled paper, etc., and consist of dimpled foams to house an egg in each cell. Egg packaging solutions have a protective coating to prevent spoilage and breakage during storage. Consequently, they find widespread application across numerous sectors, including poultry, retail, transportation, and others.
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Egg Packaging Market Industry Trends and Drivers:
The rising preference among the e-commerce segment for sustainable packaging products to transport eggs is primarily driving the egg packaging market. Furthermore, the increasing consumption of eggs among the masses as a primary source of protein is also positively influencing the market growth. Additionally, the expanding food and beverage industry and the development of green packaging materials designed using environment-friendly and easily recyclable ingredients are acting as significant growth-inducing factors. Apart from this, the growing poultry industry and the escalating need for effective egg storage options in restaurants, cafes, hotels, and bakeries that are increasingly experimenting with various egg-based dishes are expected to propel the egg packaging market in the coming years.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Cartons
- Trays
- Containers
- Others
Egg cartons are the most preferred packaging solution as they are easy to decompose and can be reused for multiple purposes.
Breakup by Material:
- Moulded Paper
- Polyethylene Terephthalate
- Polystyrene
Molded paper packaging holds the largest market share as it is lightweight and occupies less space than other packaging materials.
Breakup by Application:
- Retailing
- Transportation
- Others
Retailing currently dominates the market due to the growing expansion of organized distribution channels across the globe.
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
List of Major Major Key Players:
- Brødrene Hartmann A/S,
- CKF Inc.
- Celluloses De La Loire
- Dynamic Fibre Moulding (Pty) Ltd.
- Dispak Limited
- Huhtamaki Oyj
- Mauser Packaging Solutions
- Ovotherm International Handels GmbH
- Pactiv LLC (Reynolds Group Holdings Ltd.).
- Sanovo Technology Group and Sonoco Products Company
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