Press release
Innovation and Sustainability Drive Expansion in the Egg Packaging Market: Key Trends and Future Projections
The global egg packaging market is poised for substantial growth, projected to strengthen its position with a CAGR of 6.2% during the forecast period. The market, valued at USD 7.22 billion in 2023, is expected to reach USD 13.18 billion by 2033. This growth is being fueled by the increasing demand for eco-friendly packaging, the rising consumption of eggs, and the expansion of e-commerce in the food sector.Get a Sample PDF of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4015
Summarized Key Points About The Egg Packaging Industry:
Market valued at USD 7.22 billion in 2023, projected to reach USD 13.18 billion by 2033.
CAGR of 6.2% expected during the forecast period.
Growing eco-friendly fiber packaging and increased egg consumption are primary drivers.
Small poultry businesses benefit from better packaging solutions, contributing to market growth.
Growth Prospects in China : China is expected to experience significant growth in the egg packaging market.
Key Players : Brodrene Hartmann AS, Placon Corp., and Cascades Inc. are key players in the egg packaging market.
Rise of Molded Fiber Packaging : Molded fiber egg containers are growing at a CAGR of 6.4%, driven by their lightweight, strong, and biodegradable nature, enhancing sustainability.
US Market Dynamics : In the United States, the egg packaging market is growing at a CAGR of 4.2% from 2023 to 2033, with North America holding a significant market share and value.
Key Market Drivers
Rising Egg Consumption and Production: The growing global population and increasing awareness of the nutritional benefits of eggs are driving higher egg consumption. This trend is boosting the demand for efficient and protective egg packaging solutions.
E-commerce Sales: The surge in e-commerce sales of eggs has necessitated robust packaging solutions to ensure safe and undamaged delivery. Egg cartons, containers, and trays are in high demand to cater to this growing market segment.
Eco-friendly Packaging Innovations: The development and popularity of eco-friendly fiber packaging are significant market drivers. Consumers are increasingly opting for sustainable packaging solutions, prompting manufacturers to introduce innovative products.
Diverse Egg-based Cuisines: The rising popularity of diverse cuisines involving different egg types has led to increased demand for specialized egg packaging solutions. Efficient transportation and logistics operations support this trend, ensuring eggs reach consumers in optimal condition.
Convenience and Protection: Egg packaging solutions provide convenience and protect eggs from stress or shock during handling and transport. This functional aspect is crucial for maintaining egg quality and minimizing losses.
Market Trends and Opportunities
Technological Advancements in Packaging: The market is witnessing advancements in packaging technology, including climate-controlled egg containers and enhanced storage facilities. These innovations improve egg preservation and extend shelf life.
Increasing Disposable Income: Rising disposable income has led to more frequent dining out and increased egg consumption. This trend is particularly notable in the Asia Pacific region, driving market growth.
Sustainable Packaging Solutions: Sustainable packaging solutions, such as ryegrass cartons and Huhtamaki's
"GreeNest" egg cartons, are gaining traction. These products are 100% recyclable, reduce carbon footprint, and consume less water compared to traditional packaging.
Regional Insights
Asia Pacific:
The growing population and rising disposable incomes in the Asia Pacific region are significantly boosting egg consumption and, consequently, the demand for egg packaging solutions.
North America and Europe:
Strict regulations against plastic usage are driving the adoption of bioplastics and molded fiber for egg packaging in these regions. Companies are focusing on sustainable solutions to comply with environmental regulations and meet consumer preferences.
Key Points
The United States market is a significant egg packaging market. The market thrives at a CAGR of 4.2% during the forecast period. The market growth is attributed to the increased demand for eggs as people tend to get into better shape and hence, join a gym. The regional market is anticipated to hold a sales volume of 327,795 units in 2023.
Canada egg packaging market leads the North American market in terms of CAGR with a leading CAGR of 5.4% between 2023 and 2033. The regional growth is attributed to climate-aware citizens and innovative egg packaging ideas. The market is expected to hold a sales volume of 30,031 units in 2023.
The molded fiber segment is likely to thrive in the material type category as it records a CAGR of 6.4% between 2023 and 2033. The growth is attributed to its eco-friendly and biodegradable properties.
The less than 6 eggs segment is expected to top the capacity category with a CAGR of 6.6% during the forecast period. The growth of this segment is garnered through high household consumption.
Competitive Landscape:
The key vendors focus on introducing the Key competitors and merging, acquiring, and partnering with other companies to increase their supply chain and distribution channel. The key players in the market are, Brodrene Hartmann AS, Placon Corp., Cascades Inc., Reynolds Group Holdings Ltd., CELLULOSES DE LA LOIRE, MAUSER Corporate GmbH, CKF Inc., JIN FU HUA PACKAGING INDUSTRIAL Co. Ltd., Sonoco Products Co, and Huhtamaki Oyj.
Access Full Report: https://www.futuremarketinsights.com/reports/egg-packaging-market
Key Segments
Egg Packaging Market by Material:
Paper
Paperboard
Recycled Paper
Molded Cup
Plastic
Polyethylene Terephthalate
Polystyrene
Others
Egg Packaging Market by Product Type:
Cartons
Trays
Containers
Others
Egg Packaging Market by Application:
Retailing
Transportation
Others
Key Regions Covered:
North America
The United States
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
The United Kingdom
France
Spain
Russia
Rest of Europe
Japan
Asia Pacific Excluding Japan
China
India
Malaysia
Singapore
Australia
Rest of Asia Pacific Excluding Japan
MEA
GCC Countries
Israel
South Africa
Rest of The Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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