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Egg Packaging Market is Poised to Exhibit A Moderate CAGR of 6.2% by 2029 | FMI Reports

Future Market Insights (FMI) delivers key pointer on the egg
packaging market in its published report, titled "Global Egg Packaging
Market: Industry Analysis and Opportunity Assessment, 2019–2029." In
terms of revenue, the global egg packaging market is estimated to
roughly land at over US$ 5.5 billion by 2019 end.

As indicated by
the report, thorough research about macro and microeconomic factors
influencing growth of the egg packaging market, FMI opines that the
market will expand at a CAGR of over 6% during the forecast period,
representing a healthy growth outlook over coming years.

Moulded
fibre and plastics, including polystyrene and polyethylene terephthalate
(PET), are among the most commonly used raw materials for egg
packaging. The FMI study predicts that the global market for egg
packaging made of plastic will expand at a CAGR of 6% during the
forecast period.

Moulded fibre provides integrated structure with
suitable rigidity and stiffness which makes it suitable for shock proof
performance. Also, moulded fibre trays have good air permeability and
hygroscopic ability which plays an important role in egg packaging and
storage. However, the price of moulded fibre is comparatively on the
higher end as compared to plastics. In addition, plastic trays are
reusable and washable. This is one of the main factors why plastic is
preferred over moulded fibre in the egg packaging market. Trays made up
of polystyrene offer superior cushioning and protection against moisture
and odor. Also, plastic is fungus- and mould-resistant, which marks
another benefit over moulded fibre in terms of maintenance.

End-users Prefer Trays over Cartons as Convenience Becomes Paramount

Egg
packaging solutions available in the market are either egg trays or
cartons. FMI predicts that egg packaging solutions in the form of trays
will have a lion's share in the egg packaging market during 2019-2029.
This is mainly attributed to the ergonomics of trays. Trays also provide
a convenient method for counting eggs.

Moreover, special care
needs to be taken for cartons made up of moulded fibre as they cannot be
placed at the bottom as a stack. Higher level of convenience of egg
packaging in the form of trays is thus expected to influence the
dynamics of the egg packaging market in the upcoming years.

Egg Packaging Market is Becoming Highly Competitive

In
recent times, egg packaging manufacturing industries are witnessing
intense competition among regional players. In order to remain
competitive in the market, manufacturers are focused on innovation in
product design, in terms of shape, size, raw materials, and functional
properties.

Key manufacturers in the egg packaging market such as
Huhtamaki are opting for grass-based materials for the production of
cartons. Rye grass cartons are another alternative to traditional
cartons in the egg packaging market. These cartons are made up of rye
grass & cardboard, elevating sustainability quotient of the egg
packaging market.

Key vendors in the egg packaging market are
expanding through organic methods such as launching new products or
expanding their manufacturing capacity. For instance, Huhtamaki has
developed new egg trays for 30 eggs at its Brazil manufacturing plant.

Key
manufacturers in the egg packaging market profiled in this report
include– Huhtamaki Oyj, Brodrene Hartmann A/S, Henry Molded Products,
Inc., Pacific Pulp Molding, LLC, Pactiv LLC, Sonoco Products Company,
Primapack SAE, CKF Inc., Biodegradable Packaging for Environment Co.,
Ltd., D&W Fine Pack LLC, Placon Corporation Inc., Mauser Packaging
Solutions, Linpac Packaging Ltd., Tekni-Plex Inc., Graphic Packaging
Holding Company, Genpak, LLC, KSP Fiber Products Pvt Ltd., Al-Ghadeer
Group, Guangzhou NANYA Pulp Molding Equipment Co., Ltd., Celluloses De
La Loire, and Dynamic Fibre Moulding (PTY) Ltd.

Source Link: https://www.prnewswire.com/news-releases/egg-packaging-market-is-projected-to-expand-at-a-cagr-of-6-2-during-the-forecast-period-2019-to-2029--future-market-insights-300821655.html

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About Us

Future
Market Insights (FMI) is a leading market intelligence and consulting
firm. We deliver syndicated research reports, custom research reports
and consulting services which are personalized in nature. FMI delivers a
complete packaged solution, which combines current market intelligence,
statistical anecdotes, technology inputs, valuable growth insights and
an aerial view of the competitive framework and future market trends.

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