The global egg tray market was valued at USD 1 billion in 2016 and is expected to surpass USD 2 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global egg tray market, under its packaging portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Celluloses de la Loire, Dolco packaging, Hartmann, and Huhtamaki.
According to Sharan Raj, a lead analyst for packaging research at Technavio, “Increasing production line and cost-efficient production is one of the primary drivers driving growth in the global egg tray market. Vendors in the market are using several strategies for cost-cutting and focusing on cost-efficient production to increase profit.”
Some of the cost-reduction methods employed by egg tray vendors include a reduction in machine set up time, production line rationalization, and product line enhancement and extension. These techniques also include conservation of energy and material by advanced product design and process control and optimization of the production network.
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Use of digital printing and aesthetically appealing packaging
Marketing, tracking, and labeling are the key aspects of any packaging industry, especially in the food industry. Clear information on the package, lower prices, and longevity of print is likely to drive the demand for digital printing in the egg packaging industry. It is a cost-effective method of printing and helps in product customization. The aesthetic appeal of the packaging attracts consumers and gives the vendor an advantage over competitors.
Increasing use of technology
Waste reduction, cost reduction, optimization of equipment and higher efficiency are the chief benefits of using advanced technology in the global egg tray market. Automation and the use of other technologies such as robotics are the evolving trends in the global egg tray market. Vendors in the market are offering customer services to understand customers’ demand and provide solutions accordingly. End-users look for high-performing packaging solutions that can help decrease their overall costs. They prefer cost-efficient and visually appealing packaging solutions.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Egg Tray Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Antimicrobial Packaging Market 2016-2020
- Global Egg Packaging Market 2016-2020
- Global Packaged Vegan Foods Market 2016-2020
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