Global Egg Packaging Market 2017-2021
About Egg Packaging
Egg packaging has a dimpled form, where each dimple houses a single egg that is separated from adjacent eggs by another dimple. This structure helps absorb the shocks and stresses exerted during the transportation and storage, which protects the egg and prevents it from breaking.A careful and secure packaging is required for eggs because of the porous and fragile nature of shells. The global egg packaging market is segmented on the basis of the packaging type such as egg trays and egg cartons and on the basis of raw materials such as paper and plastic.
Technavio’s analysts forecast the global egg packaging market to grow at a CAGR of 4.96% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global egg packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through sales of egg packaging such as egg cartons and egg trays, made of raw materials such as plastic and paper.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Egg Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global egg packaging market: CDL, Hartmann, Huhtamaki, and Tekni-Plex.
Other Prominent Vendors in the market are: Dispak, DFM Packaging Solutions, Europack, MyPak Packaging, Ovotherm, Pactiv, Primapack, SANOVO TECHNOLOGY GROUP, StarPak, and DAVA Foods.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing popularity of health and fitness clubs. With rising income levels, consumers look forward to upgrading their lifestyle to remain healthy and fit. Hence, more number of people are opting for membership at health and fitness clubs such as gyms.”
According to the report, one of the major drivers for this market is Increased production of eggs. It is observed that with rising income, the demand for a greater variety of food also increases. This leads to increased demand for higher value and good-quality food such as meat, eggs, and milk when compared with food of plant origin. The changes in consumption along with the growing population has led to an increase in the total demand for animal products in many developing countries such as China. The per capita consumption of eggs in developing countries such as China and Brazil is set to increase by 0.90% to 1.2% on an average annually during the forecast period. Whereas, in developed countries such as the US, the annual growth of per capita consumption of eggs is expected to be around 0.01% to 0.10% during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Expected increase in the price of paper packaging materials. It was observed that in 2015, the global wood pulp prices were the highest in approximately 35 years. This is leading to an increase in the production cost for packaging companies, especially paper-based packaging manufacturers. The environment-friendly characteristics of wood pulp will further increase its demand, leading to higher prices. The prices are expected to increase at an average annual rate of around 0.5% to 1.5% during the forecast period. The factors that are influencing the rise in the prices are mentioned in the exhibit below.
CDL, Hartmann, Huhtamaki, Tekni-Plex, Dispak, DFM Packaging Solutions, Europack, MyPak Packaging, Ovotherm, Pactiv, Primapack, SANOVO TECHNOLOGY GROUP, StarPak, and DAVA Foods.