USD 25.2 billion
Report ID:
SQMIG15H2068 |
Region:
Global |
Published Date: May, 2024
Pages:
184
|Tables:
90
|Figures:
76
Global Egg Packaging Market size was valued at USD 25.2 billion in 2022 and is poised to grow from USD 26.57 billion in 2023 to USD 35.82 million by 2031, growing at a CAGR of 4.4% during the forecast period (2024-2031).
The global egg packaging market is expected to witness rapid and continuous growth during the forecast period. The increased consumption of eggs with the rising eggs production has been driving the packaging market. The small poultry businesses are the most benefitted as they thrived through better packaging. The expansion of hotels, cafes, restaurants, and bakeries and the increasing number of food vloggers experimenting with various egg-based dishes are increasing the requirement for effective egg storage and transportation solutions.
Packaging is a vital component in delivering quality eggs to buyers as eggs are an extremely fragile product and even with the best handling methods, severe losses can result from a minor shell damage. However, intense competition among manufacturers, volatile raw material costs lead to fluctuation of packaging material, and rising regulations over plastic and consumers awareness regarding eco-friendly options are the major factor among others acting as a challenge as well an opportunity for the growth of egg packaging market.
Global Market Size
USD 25.2 billion
Largest Segment
Paper
Fastest Growth
Moulded Fibre
Growth Rate
4.4% CAGR
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The global egg packaging market is segmented by material type, product type, end-user and region. Based on material type, the market can be segmented into paper, moulded fibre, plastic and others. Based on product type, the market can be segmented into cartons, trays, containers and others. Based on end-user, the market is segmented into retailer, transportation and others. And lastly, based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Material Type
Based on material type, the global egg packaging market is segmented into paper, moulded fibre, plastics and others. Paper-based packaging is the largest segment in this market. They have been continuously in demand due to eco-friendliness and recyclability. Due to its widespread availability, affordability, and ease of recycling the paper-based packaging has been consistently prominent in the egg packaging market. With the increasing consumer awareness regarding plastics and its related toxins, it is a sustainable option compared to plastic-based alternatives.
Whereas the moulded fibre-based packaging is also gaining attraction among the market. It is anticipated to witness a significant growth in upcoming years due to its biodegradability and ability to offer good protection to eggs. This segment is likely to see continued growth, especially as consumers and businesses prioritize environmentally friendly packaging solutions.
Analysis by Product Type
Based on product type, the global egg packaging market is segmented into cartons, trays, containers and others. Cartons are said to be dominating the global egg packaging market since 2022 and is expected to grow by 5.2% CAGR through 2032. Cartons have traditionally been widely used due to their convenience, availability in various sizes, and suitability for both retail and foodservice applications. They are one of the most common forms of egg packaging, generally made from paper-based materials like paperboard or cardboard which are favoured for their recyclability and eco-friendliness.
In terms of the fastest-growing segment, trays are showing significant growth in the egg packaging market. Particularly moulded fibre trays are gaining popularity due to their biodegradability, eco-friendly characteristics and their ability to hold the eggs intact during transportation and display. This growth is further driven by increasing consumer demand for sustainable packaging solutions and the adoption of environmentally friendly practices across various industries.
Analysis by End-User
Based on application the global egg packaging market is segmented into Retailer, transportation and others.
The retailer segment holds the largest market share considering its extensive distribution network of supermarkets, grocery stores and other retail outlets. With increasing population, the consumptions of eggs have in increased in the recent times. Therefore, they need a significant amount of egg packaging to maintain the product availability to meet the consumer demands.
Transportation segment is expected to be the fastest growing segment after retailing due to various factor. The expansion of global trade, increasing demand for efficient logistics solutions and advancements in packaging technologies focusing on improving product safety during transit. Additionally, growing concerns over food safety and quality assurance are driving the adoption of innovative packaging solutions in the transportation sector.
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Based on the geography, the global Egg Packaging market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among these regions, Asia Pacific region is dominating the global egg packaging market. It was accounted for 40% of the market share in 2022. The market is expected to have a CAGR of 5.5% in India through 2034. China’s egg packaging market fuels at a CAGR of 6.4% between 2023 and 2033. The market holds a sales volume of 577,026 in 2023. The region thrives at a CAGR of 7.0% between 2023 and 2033. Countries like South Korea and Japan also perform well. The region's increasing population, increased awareness of the benefits of eggs and rising disposable incomes are driving greater demand for eggs as a cost-effective source of protein, particularly in densely populated countries such as China and India. These factors are also driving the growth of the egg cartons market in this region.
North America is considered the second largest and fastest growing region in the global egg packaging market. The North America market holds a share of US$ 933.5 million in 2023, while it thrives at a CAGR of 4.5% between 2023 and 2023. Especially, the US with its significant level of eggs productions and consumptions, the market is growing at an average CAGR of 4.2% from 2023 to 2033. This large-scale production with a well-connected distribution network and retail infrastructure, caters to the growing demand for egg packaging solutions. Additionally, the presence of major packaging manufacturers and suppliers further strengthens the region's growth rate, enabling it to influence market trends and drive innovation in egg packaging solutions. For instance, the Hartmann Pack & Perform Company has introduced sustainable egg cartons for small and medium-sized egg producers. A high number of people going to the gym are also adding eggs to their daily diet is also fuelling the demand for egg packaging in the United States.
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Drivers
Food Safety and Quality Assurance
Regulatory Compliance
Restraints
Environmental Concerns
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The global egg packaging market is a mix of big MNCs, mid-sized companies and small-scale manufacturers and suppliers. Major key players like Huhtamaki Oyj., Cascades Inc., and Smurf Kappa Group have established themselves in the market, forcing their global presence, extensive product portfolios and technological capabilities. Companies in the egg packaging market offer a variety of packaging solutions, including cartons, trays and specialized packaging designs made from a variety of materials catering to diverse customer needs and preferences. They are also investing in research and development to develop better packaging materials, designs and technologies that offer improved functionality, sustainability, and cost-effectiveness.
Additionally, the companies are engaging in various market expansion strategies such as mergers, acquisitions, collaborations and strategic alliances to strengthen their market position and to expand their geographic presence. These strategies help them to access new markets, technologies, and customer segments while enhancing competitiveness. Pricing and cost competitiveness are significant factors which further influence the competition in this market. Companies are trying to offer competitive pricing while maintaining quality standards and profitability.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global egg packaging market analysis, egg packaging is expected to in the upcoming years due to increase in egg consuming population, especially in Asia-Pacific region which is currently dominating this market and is expected to grow as people are discovering the benefits having eggs. Also, paper based and moulded fibre-based packages are widely preferred by the consumers and business due to their sustainable properties. While cartons and trays are popular products when as they are easy to use and keep eggs safe during transit. There is an intense competition in this market with companies try to develop more eco-friendly and biodegradable packaging solutions while maintaining cost effectiveness.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 25.2 billion |
Market size value in 2031 | USD 35.82 million |
Growth Rate | 4.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Egg Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Egg Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Egg Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Egg Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG15H2068