Press Release

Demand Graph of Egg Tray Market to Elevate Owing to the Heightened Production of Eggs Globally

The Global Egg Tray Market is estimated to grow at a CAGR of about 6.1% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The market is experiencing notable growth due to a diverse range of applications driven by the heightened demand for poultry products, with a focus on ensuring the safety of egg transportation and storage, influencing the expansion of the poultry product industry. The surge in the adoption of packaging solutions in developed nations like the United States and Germany, coupled with an increasing emphasis on transportation safety, is propelling the demand for egg trays. These trays, typically composed of plastic or paperboard materials, play a crucial role in securely packaging eggs, given their delicate and porous nature.

Moreover, advanced technologies and tools, such as shock-absorbing packaging systems, contribute to maintaining the quality and safety of eggs during transportation. Globally, egg trays, characterized by dimpled foams cradling individual eggs, are extensively used for egg packaging. The dimpled foam not only secures eggs but also absorbs pressure or damage during transportation. Consequently, the Egg Tray Market is poised for substantial demand in the upcoming years, driven by the trays' ability to safely preserve and transport eggs.

As consumers become more environmentally conscious, there is a greater demand for eco-friendly packaging options. This preference extends to plastic packaging, where there is a significant preference for recyclable materials. Sustainable packaging, which is easy to dispose of without harming the environment or contributing to pollution, is gaining popularity. As a result of the growing acceptance of recyclable packaging, many companies are choosing to manufacture egg trays from sustainable materials. This development emerges as a significant trend in the market, which will contribute to its future growth, further states the research report, “Global Egg Tray Market Analysis, 2024.”

Global Egg Tray Market Segmentation Analysis

Both Specialty & Convenience Stores to Capture Potential Market Share

Based on distribution channel, the market is further bifurcated into Specialty Stores, Convenience Stores, Online, and Others (Wholesale Distributors, Department Stores, etc.). Of all, Specialty Stores and Convenience Stores have historically held a considerable share of the Egg Tray Market and are anticipated to remain prominent in the future. This is driven by the increasing number of stores and expansions by vendors. Consumers now have a diverse range of products to choose from in retail stores, taking into account factors like price and quality. These retail outlets serve individuals who appreciate the traditional shopping experience. Thus, owing to their convenient behavior the presence of these is predicted to be strong in the future years.

Asia-Pacific to Lead the Industry

Asia-Pacific has positioned itself as a formidable player in the Egg Tray Market, securing a substantial share of the industry revenue. This region, being a major exporter of eggs, has witnessed notable urbanization, leading to a surge in the consumption of packaged food. With a contribution exceeding the expected ratio, it is poised for growth driven by robust demand from developing nations like India and China. Additionally, rising per capita income levels and evolving lifestyles are foreseen to further boost product demand in the region, making it a crucial growth factor for the entire forecast period.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including DFM Packaging Solutions, Dispak, ECPlaza Network Inc., BWAY Corporation, Ovotherm International Handels GmbH, Pactiv Evergreen Inc., D&W Fine Pack, Brødrene Hartmann A/S, Tekni Plex, Pacific Pulp Molding, Inc., GI-OVO B.V, Huhtamäki, KSP Fibre Products Pvt. Ltd, Diamond Egg Tray Co., Teo Seng Capital Berhad, and Others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global Egg Tray Market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?