Report ID: SQMIG15H2068
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.
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Report ID: SQMIG15H2068