New York, NY, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Egg Packaging Market By Material (Paper and Plastic) and By Product (Cartons and Trays): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global egg packaging market was at USD 5.25 billion in 2018 and is expected to reach around USD 8.15 billion by 2025, at a CAGR of 6.5% between 2019 and 2025.
Eggs are highly fragile and delicate food items. This makes it imperative to carefully pack eggs, to ensure their protection from partial or complete physical damage during storage, handling, and transportation. Egg packaging has earned the utmost importance in recent times, due to the increasing in egg consumption and rising need to transport eggs over longer distances than before. The foremost driving factor of the global egg packaging market is the delicate nature of eggs, as they require extremely careful packaging order to prevent any type of losses. Conventionally used cartons and trays are meant to sustain shocks during transportation and handling. Moreover, their outer surfaces form an additional fitting that safeguards eggs from dislocation and prevents physical damage. The exponential growth in the global egg production is also driving this market. Furthermore, consumers are preferring eggs over meat as a safe and inexpensive source of protein, which is also boosting this market. The flourishing food industry across the globe, especially in emerging economies of China, India, Brazil, and Indonesia others has also aided the egg packaging market. However, the volatile raw material costs lead to fluctuation of packaging material, intense competition among manufacturers, and increasing prohibitory regulations over plastic may restrict the of the egg packaging market.
Browse through 71 Tables & 18 Figures spread over 110 Pages and in-depth TOC on “Global Egg Packaging Market, 2018: Industry Size, Share, Trends, Segments, Analysis and Forecast 2025”.
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The egg packaging market is fragmented on the basis of material and product. On the basis of material, the market is classified into paper and plastic. Paper is further sub-divided into paperboard, recycled paper, and molded cup. The plastic segment further includes polyethylene terephthalate and polystyrene. In 2018, the paper segment held a major share of over 50% of the total market and is projected to dominate the market globally in the years ahead. This can be attributed to the growing preference for paper material preferred over plastic due to the former’s competitive advantages like low cost, high heat resistance, and environment-friendly nature. Alternatively, plastic packaging is projected to exhibit a significant CAGR of around 5.8% in the years ahead, due to its advantages like leak-resistance and transparency that enables inspection without physical handling. PET plastic holds a major share of the plastic segment, due to its cleaning and reusability properties. Furthermore, most of the plastic packaging is used in trays.
North America held the largest share of the global egg packaging market in 2018, due to growing health awareness and high disposable income of the regional population. Conventional food habits and lifestyles are other supportive factors of the North American egg packaging market. The major share of this regional market is held by the U.S. and Canada. Moreover, upgraded technologies result in cost-effective packaging, which enables the rapid growth of the regional market. Some key players of the global market, such as CKF Inc. and UFP Technologies, also operate in North America. Paper-based packaging material is the relatively popular segment across the region.
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Europe holds the second spot in the global egg packaging market in terms of revenue. Germany, France, and the UK are predominant countries of the European market. This regional market is projected to exhibit robust growth over the forecast time period, owing to the presence of many global players like Brodrene Hartmann, Dispak UK, and Pactiv in the region alongside a high preference for paper-based packaging over plastic packaging due to growing environmental awareness.
The Asia Pacific region held the largest share of the global egg packaging market in 2018 and is expected to dominate the market, with more than 40% share, over the forecast time period as well. This can be attributed to the growing per capita income of the regional population, increasing food consumption, and rising health awareness. Furthermore, consumers are preferring eggs over meat as a safe and inexpensive source of protein. The flourishing food industry, including both restaurants and food delivery services, are expected to further boost this regional market. In the last three decades, the global egg production has increased by more than 150%, and the Asia Pacific holds a major share of this growth and has grown about four times.
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Latin America exhibits tremendous growth potential for the egg packaging market, due to the rising regional production and consumption of eggs. Brazil and Argentina together account for a major share of the Latin American egg packaging market. The Middle Eastern and African region accounts for a relatively smaller share of the global egg packaging market and is estimated to witness moderate market growth in the future.
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Some key players of the global egg packaging market are Huhtamaki, Brodrene Hartmann, Pactiv, UFP Technologies, Dispak UK, Ovotherm International Handels, Sanovo Technology, DFM Packaging Solutions, CKF, Dolco Packaging, and Ulma Packaging.
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This report segments the global egg packaging market into:
Global Egg Packaging Market: Material Analysis
- Paper
- Paperboard
- Recycled Paper
- Molded Cup
- Plastic
- Polyethylene Terephthalate
- Polystyrene
Global Egg Packaging Market: Product Analysis
- Cartons
- Trays
Global Egg Packaging Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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