Increased Production of Eggs to Boost the Demand in the Global Egg Tray Market

It is anticipated that the Global Egg Tray Market will grow at a CAGR of about 6.1% during the forecast period, i.e., 2024-2030. The rising popularity of obtaining packaging solutions in developed nations such as Germany, and the US, coupled with a rising demand for transportation safety, is propelling the demand for egg trays. Typically, egg trays are either made with paperboard or plastic, plays an important role in packaging eggs securely due to the porous, and fragile nature of the eggshells.

In addition, the demand for egg trays is mainly fuelled by factors like – increasing population, expansion in egg consumption, and a broader acceptance of eggs as a food item. Moreover, there are multiple health benefits associated with the consumption of eggs. As a result, the rapid demand for eggs is expected to be a primary driver for the growth of the Eggs Tray Industry.

Increasing Usage of Sustainable Egg Trays to Augment the Global Egg Tray Industry

Consumes, primarily in developed nations, are becoming increasingly selective towards their food preferences, and the material used in packaging. The increasing environmental awareness among consumers has resulted in a demand for eco-friendly packaging solutions. Moreover, in the plastic packaging sector, there is a preference for recyclable materials.

Hence, there is an increased acceptance of recyclable packaging that has been promoted by several companies to opt for sustainable material in the production of egg trays. Consequently, the development has emerged as a remarkable trend in the Egg tray industry.

Liquid Egg Products Segment Leading the Global Egg Tray Market

Based on applications, the Global Egg Tray industry is categorized into three segments including – frozen egg products, liquid egg products, and dried egg products. Among these, the application of liquid egg products has emerged as a dominating segment in the global egg tray market. This segment is anticipated to experience significant growth during the forecast period, propelled by an increasing demand witnessed in developing countries such as India, China, Indonesia, and others within the Asia-Pacific region. Moreover, the growth is prominent in these regions, reflecting a surge in the consumption, and utilization of liquid egg products.

Key Players of the Global Egg Tray Market

According to the recent report of MarkNtel Advisors, there are several main participants of the egg tray industry. However, the top players of the market include: Teo Seng Capital Berhad, Diamond Egg Tray Co., KSP Fibre Products Pvt. Ltd, Huhtamäki, GI-OVO B.V, Pacific Pulp Molding, Inc., Tekni Plex, Brødrene Hartmann A/S, D&W Fine Pack, Pactiv Evergreen Inc., Ovotherm International Handels GmbH, BWAY Corporation, ECPlaza Network Inc., Dispak, DFM Packaging Solutions, and others.

Latest Development in the Global Egg Tray Industry

In March 2022, Ovotherm International Handels GmbH, launched their Plastic Ovotherm Egg Cartons, made from recycled BPA-free RPET. These cartons are fully recyclable, offering an eco-friendly solution, and feature labeled plastic.

Asia-Pacific Dominates the Global Egg Tray Market with a Significant Share of the Revenue

Geographically, the Global Egg Tray Market extends across the given regions:

• Asia-Pacific

• North America
• South America
• Europe
• The Middle East & Africa

Among all these regions, the region that leads the entire egg tray market is Asia-Pacific. The region secures a notable share of the total market revenue. Moreover, Asia-Pacific plays an essential role as a major exporter of the eggs, and has experienced substantial urbanization, leading in the consumption of packaged food items. In addition, the region is expected to observe increased product demand due to the increasing per capita income level, making it a primary growth driver throughout the forthcoming years.

Jack Daniel Email: sales@marknteladvisors.com Phone: +1 628 895 8081 +91 120 4268433.