This market research report presents a detailed segmentation of the global egg packaging market by type of material (molded paper, PET, and polystyrene) and by geography (APAC, Europe, North America, and ROW). The leading vendors in this market are Celluloses de la Loire (CDL), Hartmann, Huhtamaki, and Pactiv.
Technavio’s market research analysts estimate the global egg packaging market to grow at a CAGR of 7% between 2016 and 2020. The egg packaging manufacturers consider various factors while packaging eggs such as the type of eggs, the global standard for egg packaging, and complete traceability of egg packaging. Of late, the vendors are introducing environmentally friendly egg packaging materials with less plastic content to reduce the harmful effect to the environment. APAC dominates the global market for egg packaging due to the growing population and the populace’s demand for healthy proteins
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“An important trend gaining prominence in this market is the augmented usage of digital printing on packaging materials. Due to increasing scrutiny by consumers and governments, digital printing has become a necessity for the egg packaging market. Digital printing offers clear print on packaging, which is useful for regulatory requirements, inventory management, and information about content packaged. Since digital printing is highly cost effective and offers end users the option of customization, its demand among the egg packaging end users will increase significantly over the next few years,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
The molded paper segment of the egg packaging market is the largest revenue-contributing segment in the egg packaging market, and is anticipated to account for the largest share of the market by the end of 2020. Compared to other packaging materials, molded paper is highly preferred by end users due to factors like its low price and temperature resistant and water resistant properties.
The key vendors in the global egg packaging market include Celluloses de la Loire (CDL), Hartmann, Huhtamaki, and Pactiv. The market is diverse due to the presence of multinational suppliers as well as regional suppliers. Companies like Huhtamaki are trying to improve their market share by increasing production capacity and launching new products. Other vendors like Hartmann focus on improving their presence in regions like South America by buying out other companies as it will help them to gain market traction.
A more detailed analysis is available in the Technavio report, Global Egg Packaging Market 2016-2020
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