Egg Packaging Market growing at a CAGR of 4.2% during the forecast period

The Market Statsville Group (MSG) publishes the new report on the "Egg Packaging Market by Material Type (Paper (Molded Fiber and Paper Board) and Plastic (Polystyrene, PET, PP, PVC, PE, and Others), by Product Type (Cartons and Trays), by Region - Global Share and Forecast to 2027". By 2027, the global egg packaging market size is expected to grow USD 2,240.3 million from USD 1,750.3 million in 2020, growing at a CAGR of 4.2% during the forecast period. Eggs are extremely fragile products, and handling eggs during packaging and transportation is a major concern for several key players in the egg industry across the globe. Due to this aspect, packaging has become an important part of delivering good quality eggs to customers in recent years across regions. Predominantly, egg packaging solutions are manufactured using plastic and paperboard materials, providing a vital packaging solution. A critical component that is expected to influence the development of poultry products globally is the necessity for the storage & logistics of eggs. Therefore, the global egg packaging market is expected to witness steady growth due to the high demand for effective poultry products globally during the same period.

Request Sample Copy of this Report: https://www.marketstatsville.com/request-sample/egg-packaging-market

Global Egg Packaging Market Segmentation
The overall egg packaging market has been segmented into the material, product, and region.

By Material Type Outlook (Sales, USD Million, 2017-2027)

Paper
Molded Fiber
Paper Board
Plastic
Polystyrene
PET
PP, PVC, PE
Others
By Product Type Outlook (Sales, USD Million, 2017-2027)

Cartons
Trays
By Region Outlook (Sales, USD Million, 2017-2027)

North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)
Cartons, by product type, is estimated to hold the largest market share during the forecast period

Direct Purchase Report: https://www.marketstatsville.com/buy-now/egg-packaging-market?opt=2950

Based on product type, the global egg packaging market is segregated into cartons and trays. The cartons method segment generated the highest revenue of 78.6% of the total global egg packaging market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. Predominantly, cartons that are made up of paperboard are preferred in the global egg packaging market. The wide availability and sustainability of paperboard at a lower cost make cartons a popular packaging choice among several egg packaging vendors worldwide. Besides, these cartons can be produced in varied sizes as per end-use applications; for instance, bulkier packaging solutions for wholesalers and retail sizes consumed by households across the world.

Furthermore, carton packaging offers various benefits, including excellent printability, rigidity, and flexibility. Therefore, several egg packaging industries worldwide have incorporated folding cartons for the packaging of small and medium-sized carton cases that can hold up to 12 eggs in 2019. In addition, the ban on single-use plastic packaging by several regulatory bodies across the world, coupled with the rising sustainability awareness among consumers, is expected to prompt several packaging industries to opt for eco-friendly and non-plastic packaging. This trend is further expected to fuel the demand for carton packaging in the egg industry across all regions during the forecast period.

Asia Pacific accounts for the largest market share in the egg packaging market 2020

Based on the regions, the global egg packaging market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific was accounted for the largest market share, having a market share of 55.7%, during the forecast period 2021-2027. Consumers across the globe are extensively demanding eggs in their diet due to their several health and nutritional benefits. Consequently, the growing demand for eggs drives the need for safe packaging solutions for transportation without significant damage until it reaches the destination. The increasing need for food packaging has been the primary growth factor for the egg packaging market in the APAC region.

Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/egg-packaging-market

Moreover, several egg carton manufacturers are increasingly preferring eco-friendly packaging materials and have focused extensively on providing 100% recyclable packaging since 2019. Since paper can be recycled up to seven times, paper products have a significant advantage over other types of packaging materials. Furthermore, the growing concerns on the usage of biodegradable plastics are encouraging vendors in the egg carton market. High-plastic-consuming countries like India, China, and South Korea have adopted eco-friendly solutions such as biodegradable plastic materials. Further, the government in several countries in the APAC region has proposed stringent regulations that are expected to mandate polylactide acid (PLA) as it is highly suitable for eco-friendly packaging. In addition, the growing focus on sustainability in major countries in the APAC region is expected to drive the growth of the egg packaging market in APAC, with a significant rise in demand during the forecast period. Thus, the rising need for food packaging and an increasing focus on sustainability are significantly driving the egg tray market in the APAC region during the forecast period.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the egg packaging market. CKF Inc., Celluloses De La Loire, Brødrene Hartmann, Dispak Limited, Huhtamaki Oyj, Mauser Packaging Solutions, Pactiv LLC (Reynolds Group Holdings Ltd.), Ovotherm International Handels GmbH, Dynamic Fibre Moulding Ltd., Sanovo Technology Group, and Sonoco Products Company are some of the leading companies in the global market of egg packaging.

Browse complete report: https://www.marketstatsville.com/egg-packaging-market

Contact US:
Eric Martin
800 Third Avenue Suite A #1519
New York, NY 10022
+1 (646) 663-5829 | India: +91-702-496-8807
Email: sales@marketstatsville.com
MSG Blog https://marketstatsvilleblogs.com/
Web: https://marketstatsville.com/

About US:
Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG initiated its work in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.
We the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact.

This release was published on openPR.