What Has Been the Growth of the Egg Tray Market So Far?
The egg tray market has seen considerable growth due to a variety of factors.
•In the past few years, the egg tray market has experienced significant growth. The market, which is expected to grow from $4.64 billion in 2024 to $4.95 billion in 2025, will enjoy a compound annual growth rate (CAGR) of 6.9%.
This growth during the historical period can be ascribed to factors such as rising environmental consciousness, regulatory focus on packaging norms, the transition from plastic to paper-based packaging, consumer inclination towards fresh and safe eggs, and global economic growth.
What Are the Future Growth Projections for the Egg Tray Market?
The egg tray market is expected to maintain its strong growth trajectory in upcoming years.
• The market for egg trays is predicted to witness robust expansion in the coming years, reaching a valuation of $6.43 billion by the end of 2029 with a Compound Annual Growth Rate (CAGR) of 6.7%.
Factors such as ongoing focus on sustainable practices, increasing urbanization and demand for easy-to-use packaging, the boom of e-commerce, government regulations and global growth in egg consumption significantly contribute to the expected growth during the forecast period. Key trends during this period are likely to involve eco-friendly materials and approaches, personalisation and branding, improved efficiency in production and distribution channels, automation in factory procedures, and innovative packaging designs.
What Are The Core Factors Supporting Growth In The Egg Tray Market?
The escalating want for eggs is projected to foster the development of the egg tray market in the future. An egg, a hard-shelled reproductive substance produced by birds or domestic hens, can be used for nourishment and is a crucial ingredient in baking. Egg trays help shield eggs from outward harm, they also prevent the spoilage of eggs due to light and moisture, thus reducing egg loss. As a result, the expanding interest in eggs will surge the demand for egg trays. For instance, the Department for Environment, Food and Rural Affairs (DEFRA), a UK agency, reported in August 2024 that 249 million dozen eggs were crafted for human consumption in the second quarter of 2024. This records a rise of 6.4% compared to Q2 2023 and a marginal increase of 0.3% from Q1 2024. The mean farm-gate cost for eggs in the UK during Q2 2024 was logged at 144 pence per dozen, signifying an 8.6% growth from Q2 2023 and slight bump of 0.6% compared to Q1 2024. Thus, the growing demand for processed eggs is propelling the progress of the processed eggs market.
What Are The Major Segments Within The Global Egg Tray Market?
The egg tray market covered in this report is segmented –
1) By Product: Molded Fiber, Plastic, Other Products
2) By Application: Liquid egg products, Dried egg products, Frozen egg products
3) By Distribution Channel: Super markets And Hyper markets, Convenience Stores, Online Retail, Other Distribution Channels
4) By End Users: Transportation, Retailing, Other End-users
Subsegments:
1) By Molded Fiber: Recycled Paper Fiber Egg Trays, Virgin Fiber Egg Trays
2) By Plastic: Rigid Plastic Egg Trays, Flexible Plastic Egg Trays
3) By Other Products: Foam Egg Trays, Biodegradable Egg Trays
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Which Trends Are Expected To Transform The Egg Tray Market?
One trend that is becoming increasingly prominent in the egg trays market is product innovation. Key players in the market are focusing their energies on the production of groundbreaking technologies related to their products, such as cutting-edge analytics, video technology, green energy solutions, compostable and biodegradable materials, RFID tracking, and automatic handling of eggs. For example, in February 2022, Tekni-Plex, a US company specializing in materials science and manufacturing technologies, launched their new Dolco ProPlus egg carton, containing 25% of post-consumer recycled (PCR) foam polystyrene. Advanced recycling techniques enable these cartons to be recycled multiple times without any compromise on their quality or functionality, thereby aiding the packaging industry in its shift towards a truly circular economy.
Who Are the Key Players in the Egg Tray Market?
Major companies operating in the egg tray market include:
• Al Ghadeer Group
• Brodrene Hartmann AS
• Cascades Inc.
• CDL SAS
• DFM Packaging Solutions
• Dispak Ltd.
• Europak s.r.o.
• Huhtamaki Oyj
• Ovotherm International Handels GmbH
• Pactiv Evergreen Inc.
• Hartmann
• Celluloses de la Loire
• GI-OVO B.V
• Green Pulp Paper Industry Sdn Bhd
• Maspack Ltd.
• Pacific Pulp Molding Inc.
• Primapack
• Reynolds Group Holdings Ltd.
• KSP Fibre Products Pvt. Ltd.
• Claridge Moulded Fibre Ltd
• Tera Plast India Pvt. Ltd
• G-Pack
• Falcon Packaging LLC
• MyPak Packaging
• EP Europack
• Sanovo Technology Group
What Is The Most Dominant Region In The Egg Tray Market?
Asia-Pacific was the largest region in the egg tray market in 2024.North America is expected to be the fastest-growing region in the global egg tray market report forecast period. The regions covered in the egg tray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
