By the end of 2022, the egg cartons market is anticipated to be worth US$13,578 million. The market for egg cartons is predicted to reach US$ 23,259.1 Mn by 2032, with sales increasing at a modest CAGR of 5.5% from 2022 to 2032. Worldwide attention is being drawn to packaging solutions. Also, there is an increase in demand for hygienic packaging and delivery of commodities, particularly food products. This is encouraging for egg cartons’ commercial prospects.
The increasing demand for poultry products is emphasising the value of safe and secure packing options. Eggs need to be packaged in a very safe manner because of the delicate and porous structure of egg shells. Thus, plastic or paperboard egg cartons are a crucial packaging solution for the production and disposal of eggs. Also, using cutting-edge equipment and techniques like packaging solutions that absorb shock and stress can assist maintain the egg quality. As a result, there is an increase in demand for better egg cartons globally.
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Egg cartons, which are foam dimples that hold individual eggs, protect the egg by absorbing shock and stress that may occur during transit. The market’s expansion is fueled by how convenient it is to handle and transport eggs in egg cartons. Also, producers in this sector are eager to introduce cutting-edge egg cartons for packaging and shipping.
In addition, a lot of egg cartons are constructed of paper, which is recyclable and offers a cheap way to store eggs. The market for egg cartons around the world is growing as a result of all of these factors.
“High demand for poultry products ensures a wide range of applications of egg cartons. This is expected to boost the sales of egg cartons for the forecast period,” says an FMI analyst.
Key Takeaways:
- Demand for safe, secure, and sustainable packaging solutions to propel market growth.
- Cost of raw materials and elevated competition from plastic egg carton manufacturers might impede market growth.
- North America is predicted to offer lucrative market opportunities over the forecast period.
- North America accounts for 18% of the egg carton market in 2022.
- Asia Pacific is expected to lead the market growth over the assessment period.
- Europe is predicted to hold 25% of the global egg carton market in 2022.
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Competitive Landscape
Dispak UK, DFM Packaging Solutions, MyPak Packaging, EP Europack, Sanovo Technology Group, Ovotherm International Handels GmbH, and Primapack SAE among others are some of the major players in the egg carton market that are profiled in the full version of the report.
Major manufacturers of egg cartons are interested in offering novel and innovative egg cartons made up of either sustainable plastic-free material or recycled BPA-free RPET plastic. These businesses are keen on expanding their product portfolios. Egg carton manufacturers are also employing a variety of creative ideas for egg transportation safety.
More Insights into the Egg Cartons Market Report
In its latest report, FMI offers an unbiased analysis of the global egg carton market, providing historical data from 2016 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented based on material type (plastic egg cartons, polystyrene foam egg cartons, clear plastic egg cartons, paper egg cartons, recycled paper egg cartons, molded pulp egg cartons), number of eggs sorted (3 egg cartons, 6 egg cartons, 12 egg cartons, 24 egg cartons), and region.
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According to the latest FMI reports, based on regional growth, the North American region is likely to exhibit significant market growth. This growth is attributed to the excellent infrastructure provided for the storage of foods and beverages, and this includes eggs. Additionally, the growing inflow of e-commerce and the subsequent need for safe, sustainable, and more robust mechanisms of handling and transporting eggs are likely to broaden the growth avenues in the US egg cartons market.
Additionally, increased egg consumption is anticipated to drive the market growth and revenue of this region. Thus, North America is expected to expand at a 5.4% CAGR during the forecast period, accounting for about 18% of the global egg carton market in 2022.
As per the study, Asia Pacific is expected to be a positively opportunistic market. The surging disposable income coupled with shifting lifestyle trends is anticipated to propel further growth in the regional egg cartons market during the forecast period. Owing to the rising presence of well-established global market players, along with the entry of local merchants such as Eggs Posture and MyPak Packaging, Asia Pacific is setting out to be the largest market of egg cartons in the world.
The market in Europe is set to experience explosive growth due to the advancing food and beverage industry. Other factors such as consumer acceptance of convenience in transporting eggs along with eggs being a crucial part of the regional diet are also supplementing the growth.
Moreover, a rise in health consciousness among people in Western European countries has also increased the demand for egg cartons. The East European region has seen increased influence from the Western region, and the egg carton market in the Eastern Europe region is also growing due to the high nutritional composition and wide usage of eggs in food processing, cosmetics, and personal care enterprises. Thus, the egg carton market in Europe is predicted to hold 25% of the market in 2022.
Key Segments Covered in the Egg Carton Industry Survey
Egg Carton Market by Material Used:
- Plastic Egg Cartons
- Polystyrene Foam Egg Cartons
- Clear Plastic Egg Cartons
- Paper Egg Cartons
- Recycled Paper Egg Cartons
- Molded Pulp Egg Cartons
Egg Carton Market by Number of Eggs Stored:
- 3 Egg Cartons
- 6 Egg Carton
- 12 Egg Carton
- 24 Egg Carton
Egg Carton Market by Region:
- North America Egg Carton Market
- Latin America Egg Carton Market
- Europe Egg Carton Market
- Asia Pacific Egg Carton Market
- Middle East & Africa Egg Carton Market
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