Report ID: SQMIG15H2068
Report ID:
SQMIG15H2068 |
Region:
Global |
Published Date: May, 2024
Pages:
184
|
Tables:
90 |
Figures:
76
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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Report ID: SQMIG15H2068