Egg Packaging Market Size, Share & Growth Analysis Till 2027
Paper egg cartons are biodegradable and accepted by almost all local recycling agencies. All these factors are driving the growth of the egg packaging market for paper segment.
According to The Insight Partners latest market study on “The global Egg Packaging Market Forecast to 2027 – COVID-19 Impact and Global Analysis – Material Type (Paper, Plastic, and Others) and Packaging Type (Cartons, Containers, Trays, and Others),” the market was valued at US$ 4,243.42 million in 2019 and is projected to reach US$ 5,932.01 million by 2027; it is expected to grow at a CAGR of 4.3% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
The cartons have a dimpled form and the structure helps in protecting the eggs against stresses and shocks exerted during storage and transportation thereby, curbing the possible damage or crushing of the eggshells. Hence, the manufacturers are introducing egg boxes of multiple shapes and sizes to provide convenience for storage and transportation of the eggs. Thus, the rising preference for egg packaging products in the form of trays, cardboard boxes, or cartons for transporting eggs is driving the egg packaging market growth.
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Egg packaging refers to a packaging material specifically designed for safe storage and transportation of eggs. The delicate and porous nature of egg shells demands tough and secure packaging solution. Cartons, trays, baskets, and containers are a few of the most commonly used egg-packaging solutions. They are manufactured by using paperboard, recycled paper, polyethylene terephthalate, or polystyrene.
These materials provide convenience and also help absorbing the stress or shock exerted during handling or transporting the eggs. Nonetheless, the egg packaging preserves the eggs from bacteria, tainting, natural predators, and loss of moisture. Also, possible crushing during handling, storage, or transportation of the eggs is protected by the egg packaging. Numerous eggs are broken during transportation as compared to any other step during processing and distribution.
Hence, the economic damage causes due to broken eggs as the occurrence of cracks increases the risk for bacterial contamination of the broken eggs, which reduces the quality and causes food safety issues. Therefore, egg packaging in the form of trays, cardboard boxes, or cartons is majorly used for packaging the eggs. The cartons can give the most excellent mechanical protection for the eggs.
Sonoco Products Company.; Placon; MAUSER Group; Jin Fu Hua Packaging Industrial Co., Ltd; Huhtamaki Oyj; CKF Inc.; Cascades Inc.; Hartmann; Reynolds Group Holdings Limited; and Cellulose de la Loire are among the well-established players in the global egg packaging market.
Impact of COVID-19 Pandemic on Egg Packaging Market
The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of February 2021, the US, Brazil, India, Russia, Spain, and the UK are among the worst affected countries in terms confirmed cases and reported deaths. The outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food and beverage is one of the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. For instance, China is the global manufacturing hub and largest raw material supplier for various industries and it was among one of the worst affected countries.
The lockdown of various plants and factories in China have restricted the global supply chains and disrupted the manufacturing activities, delivery schedules, and various products sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products.
In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the food and beverage industry and thus acting as restraining factors for the growth of various markets related to this industry.
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