Egg Packaging Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Material Type (Paper, Plastic, and Others) and Packaging Type (Cartons, Containers, Trays, and Others)
The egg packaging market was valued at US$ 4,243.42 million in 2019 and is projected to reach US$ 5,932.01 million by 2027; it is expected to grow at a CAGR of 4.3% from 2020 to 2027.
Egg packaging refers to a packaging material specifically designed for safe storage and transportation of eggs. The delicate and porous nature of egg shells demands for tough and secure packaging solution. Cartons, trays, baskets, and containers are a few of the most commonly used egg-packaging solutions. They are manufactured by using paperboard, recycled paper, polyethylene terephthalate, or polystyrene. These materials provide convenience and also help in absorbing the stress or shock exerted during handling or transporting the eggs. Nonetheless, the egg packaging preserves the eggs from bacteria, tainting, natural predators, and loss of moisture. All these benefits have increased demand for egg packaging.
In 2019, Europe held significant share in the egg packaging market. However, Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth of egg packaging market in Europe is primarily attributed to the growing consumption of eggs and rising demand from foodservice and food processing industry.
The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of February 2021, the US, Brazil, India, Russia, Spain, and the UK are among the worst affected countries in terms confirmed cases and reported deaths. The outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food and beverage is one of the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. For instance, China is the global manufacturing hub and largest raw material supplier for various industries and it is among one of the worst affected countries. The lockdown of various plants and factories in China have restricted the global supply chains and disrupted the manufacturing activities, delivery schedules, and various products sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the food and beverage industry and thus acting as restraining factors for the growth of various markets related to this industry.
Global Egg Packaging Market Forecast to 2027
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Market Insights
Increasing Preference for Convenience in Transporting Eggs
Egg packaging is an essential part of providing quality eggs to consumers. It preserves the eggs from bacteria, tainting, natural predators, and loss of moisture. Also, possible crushing during handling, storage, or transportation of the eggs is protected by the egg packaging. Numerous eggs are broken during transportation as compared to any other step during processing and distribution. Hence, the economic damage causes due to broken eggs as the occurrence of cracks increases the risk for bacterial contamination of the broken eggs, which reduces the quality and causes food safety issues. Therefore, egg packaging in the form of trays, cardboard boxes, or cartons is majorly used for packaging the eggs. The cartons can give the most excellent mechanical protection for the eggs. The cartons have a dimpled form and the structure helps in protecting the eggs against stresses and shocks exerted during storage and transportation thereby, curbing the possible damage or crushing of the eggshells. Hence, the manufacturers are introducing egg boxes of multiple shapes and sizes to provide convenience for storage and transportation of the eggs. Thus, the rising preference for egg packaging products in the form of trays, cardboard boxes, or cartons for transporting eggs is driving the egg packaging market growth.
Material Type Insights
Based on material type, the egg packaging market is segmented into paper, plastic, and others. The paper segment led the market with the highest market share in 2019. Paper-based packaging protects goods and reduces waste as well as it is recyclable. Recycling waste paper and packaging responsibly reduces litter and landfill. It prevents waste through breakage, spoilage, and contamination, and extends shelf life of product. Paper-based packaging is a versatile and cost-efficient method to transport, protect, and preserve a wide array of items. It is engineered to be sturdy, yet lightweight, and is customizable to meet product- or customer-specific needs. Paper-based packaging is made from paper pulp. Its design has not changed much since then. It was replaced for a while with PET packaging but the public preferred the natural look and feel of the paper pulp carton. Paper egg cartons are biodegradable and accepted by almost all local recycling agencies. All these factors are driving the growth of the egg packaging market for paper segment.
Global Egg Packaging Market, by Material Type– 2019 and 2027
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Strategic Insights
A few key market players are Sonoco Products Company; Placon; Mauser Corporate GMBH; JIN FU HUA PACKAGING INDUSTRIAL CO., LTD.(JFH); Huhtamaki Oyj; CKF Inc.; Cascades Inc; Brodrene Hartmann AS; Reynolds Group Holdings Limited.; and Cellulose de la Loire. Major players operating in the egg packaging market are focused on strategies such as mergers and acquisitions, and product launches to increase their geographical presence and consumer base globally.
Report Spotlights
- Progressive industry trends in the global egg packaging market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global egg packaging market from 2017 to 2027
- Estimation of the demand for egg packaging across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for egg packaging
- Market trends and outlook coupled with factors driving and restraining the growth of the egg packaging market
- Decision-making process by understanding strategies that underpin commercial interest with regard to the global egg packaging market growth
- Egg packaging market size at various nodes of market
- Detailed overview and segmentation of the global egg packaging market as well as its dynamics in the industry
- Egg packaging market size in various regions with promising growth opportunities
- Paper
- Paperboard
- Recycled Paper
- Others
- Plastic
- Polyethylene Terephthalate
- Polystyrene
- Others
- Others
Egg Packaging Market, by Packaging Type
- Cartons
- Containers
- Trays
- Others
Company Profiles
- Sonoco Products Company
- Placon
- Mauser Corporate GMBH
- JIN FU HUA PACKAGING INDUSTRIAL CO.,LTD.(JFH)
- Huhtamaki Oyj
- CKF Inc.
- Cascades Inc
- Brodrene Hartmann AS
- Reynolds Group Holdings Limited.
- Cellulose de la Loire
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global egg packaging market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.
Frequently Asked Questions
The major players operating in the global egg packaging market are Sonoco Products Company., Placon, MAUSER Group, Jin Fu Hua Packaging Industrial Co.,Ltd, Huhtamaki Oyj, CKF Inc., Cascades Inc., Hartmann, Reynolds Group Holdings Limited, Cellulose de la Loire and among others.
In 2019, the egg packaging market was dominated by Rest of World region at the global level. Rest of the world comprises several developing regions such as Asia- Packaging, Middle- East and Africa, and South America. The high rate of poultry farming and increasing consumption of egg-based foods supports the demand for egg packaging in the rest of the world. Advancements in food processing industries leading to the launch of egg-based products also support market growth. Moreover, growing awareness about the health benefits along with high protein content favors the eggs, which is further propelling the demand of egg packaging in the rest of the world.
Paper-based packaging protects goods, reduces waste and is recyclable. Packaging reduces waste. Recycling waste paper and packaging responsibly reduces litter and landfill. It prevents waste through breakage, spoilage and contamination, and extends product shelf life. Paper-based packaging is a versatile and cost-efficient method to transport, protect and preserve a wide array of items. It is engineered to be sturdy, yet lightweight, and is customizable to meet product- or customer-specific needs. It is made from paper pulp Its design has not changed much since then. It was replaced for a while with PET packaging but the public preferred the natural look and feel of the paper pulp carton. Paper egg cartons are biodegradable and accepted by almost all local recycling agencies. This further propels the growth of the paper segment in the global egg packaging market.