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The Egg Tray market is forecast to increase by USD 2,923.83 million at a CAGR of 4.2% between 2022 and 2027. The growth of the market depends on several factors, including increased production of eggs, growing demand from APAC, and increasing demand for paper egg trays.
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This market research report covers segmentation by distribution channel (offline and online), material (plastic and paper), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The market share growth by the offline segment will be significant during the forecast period. This distribution channel comprises specialty stores; hypermarkets, supermarkets, convenience stores, clubhouse stores; and department stores. An increase in the number of stores and business expansions by companies has fueled the demand for trays during the forecast period.
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The offline segment was valued at USD 10,469.95 million in 2017 and continued to grow until 2021. Consumers can choose from a wide range of products in retail stores based on parameters such as price and quality. These stores are convenient for individuals who prefer the traditional way of shopping. Furthermore, companies are focusing on the online-to-offline (O2O) business strategy to enhance sales through offline distribution channels while promoting their digital experience. The O2O channel provides various benefits to buyers, including in-store pickup of the goods purchased online, the purchase of goods online while being at the physical store, and returning products purchased online to designated physical stores. Such strategies will help companies increase their market share and expand their consumer base during the forecast period, which is expected to drive the offline segment during the forecast period.
The increased production is notably driving the market growth, although factors such as health hazards in the industry may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
The increased production of eggs is notably driving the market growth. The primary factors boosting the global demand for egg trays are the high consumption of eggs, increasing population, increasing purchasing power, and wider acceptance 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 a higher value and good-quality food such as meat and milk when compared with food of plant origin.
Eggs are a highly accepted food item and are consumed by both vegetarians and non-vegetarians. They are one of the richest sources of protein, minerals, and vitamins. Eggs can provide one-fifth of the daily protein requirements for humans. As eggs have multiple health benefits, they are consumed as breakfast in households and restaurant chains in several countries. The growing demand for eggs is expected to drive the growth of the market in focus during the forecast period.
Significant Market Trend
Rising awareness among consumers is an emerging trend in the market. Consumers, especially in developed countries, are more careful about the selection of their food items. In the case of eggs, consumers look for factors like nutritional content, type of egg, country of origin, and raw material used in packaging
Due to increasing environmental awareness, consumers are demanding environment-friendly packaging materials. Even in the case of plastic packaging, preference is given to recyclable materials. This concern is not limited to quality and packaging material but extends to how the animals are treated during production and how the farmers are compensated. Hence, factors like these will fuel the growth of the market in focus during the forecast period.
Major Market Challenge
Health hazards in the egg industry are major challenges impeding the market. Certain diseases such as avian influenza (chicken flu) can impact production. Bird flu, also known as avian influenza, refers to influenza that affects birds, especially poultry. As birds migrate from place to place around the globe, the risk of bird flu increases. Since 2015, more than 40 million birds have succumbed to bird flu.
When avian flu strikes, poultry farms have to cull the birds to suppress the spread of the virus because the flu spreads quickly among chickens, as they are kept in confined spaces in close proximity to each other. This results in the low production, which makes it a challenge for the global market. Moreover, the spread of infections results in losses for packaging companies due to less production. Such factors are expected to limit the growth of the market in focus during the forecast period.
Key Market Customer Landscape
The report includes the market's adoption lifecycle, covering the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
D&W Fine Pack - The company offers products such as container bases, lids and domes, hinged containers, combo containers, cutlery, straws and stirrers, and other products. The key offerings of the company include solutions.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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APAC is estimated to contribute 60% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC dominates the market due to the increasing presence of well-established multinational players along with the presence of local companies, a rise in product extensions in terms of innovation in technology and production, and rising demand for the protein diet, which creates a positive impact on the consumption of eggs which in turn increases the demand for trays in this region during the forecast period.
Furthermore, APAC accounts for more than 60% of the world population that is between the age of 15-24 years. They consume protein-rich eggs as a major part of their daily diet. Additionally, with the increasing purchasing power, people are becoming more health-conscious and looking for healthy foods. Eggs have also become popular among the working class because they are easy to cook and are a rich source of protein. Thus, the rising demand for eggs in the region is expected to propel the growth of the regional market during the forecasted period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
In the competitive landscape of the global market, companies often rely on tools like Company Positioning Grid and Vendor Share Analysis to assess their standing and market share. These standards of measurement help companies understand their position relative to competitors, whether on a global or regional scale. As developing economies undergo modernization, there's a growing emphasis on health awareness, driving research and development activities in various sectors.
In the egg products industry, companies focus on innovation and efficiency to meet consumer demands. From plastic egg trays to dried and frozen products, manufacturers utilize raw materials to create diverse packaging solutions. Square-shaped paperboard trays, shipping cases, and crates are common packaging options, designed to withstand external shocks, dampness, and light exposure, ensuring the products remain fresh and unharmed during transportation. As merging economies expand, companies must adapt to changing consumer preferences and market dynamics to prevent their products from going bad. By leveraging market analysis tools and investing in quality control measures, companies can position themselves strategically and maintain their market share in a competitive landscape.
Egg Tray Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.2% |
Market growth 2023-2027 |
USD 2,923.83 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.95 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 60% |
Key countries |
US, Mexico, China, India, and Brazil |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Al Ghadeer Group, Brodrene Hartmann AS, BWAY Corp., Cascades Inc., CDL SAS, D and W Fine Pack, DFM Packaging Solutions, Dispak Ltd., Europak s.r.o., GI OVO BV, Huhtamaki Oyj, KSP Fibre Products Pvt. Ltd., Maspack Ltd., Ovotherm International Handels GmbH, Pacific Pulp Molding Inc., Pactiv Evergreen Inc, Primapack, S.K. Agro Foodtech Pvt. Ltd., Tekni Plex Inc., and Teo Seng Capital Berhad |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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