The rise in global egg consumption is a major factor that is boosting the growth of the global egg packaging material market.
According to the latest Arizton's market research report, the egg packaging material size to reach USD 3.7 billion by 2025, growing at a CAGR of over 4% during the forecast period.
Egg Packaging Material Market Growth Analysis
The global, established packaging players are continuously innovating to reduce waste, especially with the use of thinner and lighter materials, a majority of the players are looking for paper-based packaging solutions that are expected to become a major growth driver in the egg packaging material market in the future. The rise in global egg consumption is a major factor that is boosting the growth of the global egg packaging material market. Price-sensitive consumers are more likely to purchase packaged egg products because of their low cost. Thereby, it is expected that packaged egg brands will boost the growth of the global egg packaging material market.
What’s Trending in the Market?
- In 2019, more than 40% of recyclable eco-friendly packaging materials are consumed in the Europe and North America region.
- APAC and North America were the top innovators in the global egg packaging material market in 2019.
- The demand for egg cartons has grown exponentially in the APAC region with supermarkets and hypermarkets accounting for the highest rise in sales volume in 2019.
- More than 64% of the European consumers prefer recycled paper and cardboard packaging as being better for the environment.
On a global scale, APAC is expected to offer several growth opportunities to egg packaging material market players in the coming years. The growing preference for a healthy lifestyle among a majority of the population is expected to significantly influence the growth of the egg packaging material market in Europe, the APAC, and the North America region.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, material type, and geography
- Competitive Landscape – 4 Key Company Profiles and 6 Other Prominent Vendors
Is North America Acquiring Major Share in the Egg Packaging Material Market?
The growing consumption of eggs in restaurants and quick service food outlet is boosting the demand for egg packaging material in North American region. The increasing concerns to reduce the application of plastic materials has enforced several established egg packaging material vendors in North America to increase their R&D activities for sustainable and eco-friendly packaging products. Several large-scale packaging players in the egg industry are increasing their focus in providing highly attractive packaging design to hypermarket and supermarket shoppers across the US and Canada. As a result, the sales volumes of eggs in established hypermarkets such as Walmart and Costco have surged significantly in recent years, which is turn, is boosting the demand for egg packaging material in the region.
Strategies Adopted by Players in the Egg Packaging Material Market
The local players as well as established industry leaders face intense competition in the global egg packaging material market. Players are trying to improve their market share by increasing production capacity and launching new products to expand their market base in order to grow their geographical reach in the egg packaging material market. To remain competitive in the market, manufacturers are focusing on innovation in product design in terms of shape, size, raw materials, and functional properties, which are expected to increase their market share significantly in the coming years. However, the growing need for cost efficiency is expected to offer immense growth opportunities and the expected increase in the price of paper packaging materials is estimated to restrain the growth of the egg packaging material market participants globally.
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