Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.82 Billion | USD 6.61 Billion | 3.57% | 2023 |
The global egg packaging market size was worth around USD 4.82 billion in 2023 and is predicted to grow to around USD 6.61 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.57% between 2024 and 2032.
In order to offer the users of this report, a comprehensive view of the global egg packaging market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the global egg packaging market has additionally been included within the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
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. In the last three decades, the global egg production has increased by more than 150%, and a major share of this growth is attributed to the Asia Pacific region which has grown about four times. Similarly, consistently increasing consumer base of egg products is another important growth factor of the global egg packaging market. Increased per capita income and growing awareness about nutritional diet are also fuelling the 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. Alternatively, the egg packaging market is expected to have lucrative growth opportunities from emerging economies of China, India, Brazil, Argentina, and Mexico, due to the increasing per capita income in the future.
The study also includes the market share of the key participant’s operating in the global egg packaging market across the globe. Moreover, the report covers the strategic development in the market along with acquisitions & mergers, agreements partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a global basis.
The study provides a crucial view of the egg packaging market by segmenting it based on material, product, and region.
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.
By product, the market includes cartons and trays. Cartons held a major share of the egg packaging market in 2018 and are expected to retain their position over the forthcoming years.
Report Attributes | Report Details |
---|---|
Report Name | Egg Packaging Market |
Market Size in 2023 | USD 4.82 Billion |
Market Forecast in 2032 | USD 6.61 Billion |
Growth Rate | CAGR of 3.57% |
Number of Pages | 110 |
Key Companies Covered | Huhtamaki, Brodrene Hartmann, Pactiv, UFP Technologies, Dispak UK, Ovotherm International Handels, Sanovo Technology, DFM Packaging Solutions, CKF, Dolco Packaging, and Ulma Packaging |
Segments Covered | By material, By product and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segment is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
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.
The global egg packaging market is led by players like:
Global Egg Packaging Market: Material Analysis
Global Egg Packaging Market: Product Analysis
Global Egg Packaging Market: Regional Analysis
FrequentlyAsked Questions
The materials and methods employed to safeguard and convey eggs from the farm to the consumer are referred to as egg packaging. The primary objectives of egg packaging are to protect the eggs from injury, prevent contamination, and guarantee that they are delivered to consumers in the best possible condition.
The market is experiencing growth due to the growing demand for packaging solutions that are both user-friendly and convenient. Consumers favor compact and single-use packaging formats. The use of eco-friendly and recyclable packaging materials is being encouraged by the increasing awareness of environmental issues among consumers.
The global egg packaging market size was worth around USD 4.82 billion in 2023 and is predicted to grow to around USD 6.61 billion by 2032.
The global egg packaging market a compound annual growth rate (CAGR) of roughly 3.57% between 2024 and 2032.
The regional segment is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
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