Egg Tray Market in APAC 2018-2022
About Egg Tray
Plastics are mainly used for making egg trays that are used by wholesalers or producers. This is because plastic egg trays can be used multiple times due to their durable and washable nature. Thus, even in the case of egg breakage, these trays can be washed and re-used. Durability helps during bulk transportation over longer distances where multiple handlers are present en-route. There are two main types of plastics that are used in egg packaging, polyethylene terephthalate (PET) and polystyrene. It is observed that more than 55% share of the global egg packaging market by plastic was that of PET in 2016.
Technavio’s analysts forecast the egg tray market in APAC to grow at a CAGR of 5.96% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the egg tray market in APAC for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report –Egg Tray Market in APAC 2018-2022
Technavio recognizes the following companies as the key players in the egg tray market in APAC: Donguan HeDong Molded Pulp Packaging Co. Ltd, Huhtamaki, HZ Corporation, KSP FIBRE PRODUCTS, Tekni-Plex, and Tera Plast India.
Other Prominent Vendors in the market are: PT Alpha Akasia Jaya, PT Cendana Putera Lestari, PAC Alliance, and Maspack.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing popularity of digital printing on packaging. Digital printing gives the packaging a clear print, which is convenient for the management of the inventory and information about the content. A good example of printing should be one that can sustain the writing in all weather conditions and must be adaptable to all kinds of materials, such as plastic and paper. Due to the increased scrutiny by the governments and consumers, digital printing has become a necessity for the egg packaging market in APAC.”
According to the report, one driver in the market is increasing demand for eggs. Eggs are consumed by both vegetarians and non-vegetarians on a large scale. They are one of the richest sources of proteins, minerals, and vitamins. Eggs can provide one-fifth of the daily protein requirement for humans. As eggs have multiple health benefits, they are consumed as breakfast in households and restaurant chains in several countries. With a growing production of eggs in APAC, the demand for their packaging is increasing, thereby leading to a growing demand for egg trays. China is leading the production of eggs worldwide and produced more than 300 billion eggs in 2016.
Donguan HeDong Molded Pulp Packaging Co. Ltd, Huhtamaki, HZ Corporation, KSP FIBRE PRODUCTS, Tekni-Plex, Tera Plast India, PT Alpha Akasia Jaya, PT Cendana Putera Lestari, PAC Alliance, and Maspack.