Egg Tray Global Market Report 2024

“Egg Tray Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on egg tray market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for egg tray? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The egg tray market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Product: Molded Fiber; Plastic; Other Products
• 2) By Application: Liquid egg products; Dried egg products; Frozen egg products
• 3) By Distribution Channel: Supermarkets And Hypermarkets; Convenience Stores; Online Retail; Other Distribution Channels
• 4) By End Users: Transportation; Retailing; Other End-users
• Companies Mentioned: Al Ghadeer Group; Brodrene Hartmann AS; Cascades Inc.; CDL SAS; DFM Packaging Solutions
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

An egg tray is a specialized container designed with multiple indentations for holding individual eggs. It comes in a diverse range of colors, materials, shapes, sizes, and designs, serving the purpose of carrying and transporting eggs. The primary function of an egg tray is to protect eggs from external stresses during shipment and storage by absorbing shocks.

The main categories of egg trays include molded fiber, plastic, and other materials. Plastic, a durable and lightweight synthetic material produced chemically, is moldable into various shapes. Plastic egg trays are employed for sorting, storing, and shipping eggs, providing a protective and organized solution. These trays find applications in handling liquid egg products, dried egg products, and frozen egg products. They are distributed through multiple channels such as supermarkets, hypermarkets, convenience stores, online retail, and others. Additionally, various end-users, including transportation and retailing, utilize these egg trays for their distinct purposes.

The egg trays market research report is one of a series of new reports from The Business Research Company that provides egg trays market statistics, including egg trays industry global market size, regional shares, competitors with an egg trays market share, detailed egg trays market segments, market trends, and opportunities, and any further data you may need to thrive in the egg trays industry. This egg trays market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The egg tray market size has grown strongly in recent years. It will grow from $4.36 billion in 2023 to $4.66 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The rise observed in the historical period can be ascribed to increasing environmental consciousness, regulatory focus on packaging standards, a transition from plastic to paper-based packaging, consumer inclinations toward fresh and secure eggs, and the worldwide expansion of the economy.

The egg tray market size is expected to see strong growth in the next few years. It will grow to $5.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated expansion in the forecast period can be linked to the persistent focus on sustainability, the upsurge in urbanization and the demand for convenient packaging, the flourishing e-commerce sector, governmental initiatives and regulations, and the worldwide surge in egg consumption. Key trends expected in the forecast period encompass the adoption of sustainable materials and practices, emphasis on customization and branding, increased efficiency in production and distribution, the integration of automation in manufacturing processes, and ongoing innovations in packaging design.

The anticipated surge in the demand for eggs is expected to drive the growth of the egg tray market in the future. An egg, serving as a hard-shelled reproductive body produced by birds or domestic chickens, is not only a staple food but also a primary ingredient in baked goods. Egg trays play a crucial role in safeguarding eggs from external damage, preventing spoilage caused by light and moisture, and reducing egg loss. Consequently, the increasing demand for eggs is set to boost the requirement for egg trays. For instance, data released by the UK Department for Environment Food & Rural Affairs in April 2022 revealed that UK egg processors purchased 1,113 thousand cases (equivalent to 24.4 thousand tonnes) of eggs in Q3 2021, marking a 22% increase from the same period in 2020 and a return to pre-2020 levels. In the same quarter of 2021, liquid eggs constituted 72% of the total output, reflecting a 19% increase compared to Q3 2020. Additionally, Statistics Canada reported that egg production in 2020 reached 839 million dozens, up from 822 million dozens. Consequently, the growing demand for processed eggs is propelling the processed eggs market's growth.

The burgeoning e-commerce industry is poised to propel the expansion of the egg tray market. E-commerce, denoting online platforms facilitating the electronic purchase of products and services, has led to an increased demand for secure and protective packaging for delicate items such as eggs. The need for egg trays offering enhanced protection during transportation is expected to rise. For instance, a report from the U.S. Census Bureau in August 2023 revealed that retail e-commerce sales in the United States amounted to approximately $277.6 billion in the first quarter of 2023, indicating a 2.1% growth compared to the same quarter in 2022. Consequently, the rapid growth in e-commerce is fostering the growth of the egg tray market.

A prominent trend gaining traction in the egg trays market is product innovation, with major players dedicating their efforts to developing cutting-edge technologies and advancements in product-related features. This includes the incorporation of advanced analytics, video technology, green energy sources, biodegradable and compostable materials, RFID tracking, and automated egg handling. For example, in February 2022, Tekni-Plex, a US-based company specializing in materials science and manufacturing technologies, introduced the Dolco ProPlus egg carton. Notably, this carton is composed of 25% post-consumer recycled (PCR) foam polystyrene. The utilization of advanced recycling methods allows these cartons to be recycled multiple times without compromising their quality or functionality, contributing to the packaging sector's shift towards a genuine circular economy.

Prominent companies in the market are prioritizing eco-friendly packaging solutions, particularly fiber-based egg cartons, in response to heightened consumer demand for sustainable packaging and to underscore their commitment to environmental responsibility. Fiber-based egg cartons, crafted primarily from recycled paper pulp, provide a sustainable and biodegradable packaging option for eggs. For instance, in November 2023, Huhtamaki Americas, Inc., a US-based foodservice packaging provider, introduced an innovative line of sustainable molded fiber-based cartons, exclusively made from 100% recycled materials. Positioned as an eco-friendly substitute for traditional polystyrene foam in the US egg market, these cartons align with evolving regulatory standards, as 12 states have already banned expanded polystyrene packaging. Huhtamaki's $100 million investment in expanding its Indiana plant underscores its commitment to advanced technology, enabling the production of customizable, locally sourced fiber-based egg cartons.

In January 2022, Tekni-Plex, a US-based company specializing in materials science and manufacturing technologies, acquired the licensed technologies of Fibro Corporation for an undisclosed amount. This strategic acquisition is geared towards enabling Tekni-Plex to scale up, enhance production capabilities, and diversify its product lines to offer superior solutions to a broader range of fresh foods markets, thereby providing additional value to consumers. Fibro Corporation, based in the US, specializes in developing and manufacturing innovative molded-fiber packaging, including egg tray cartons.

Major companies operating in the egg tray market report are 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, BWAY Corporation, Maspack Ltd., Pacific Pulp Molding Inc., Primapack, Reynolds Group Holdings Ltd., KSP Fibre Products Pvt. Ltd., OnCorner Ltd., Jai Hanuman Laminates Pvt Ltd., Claridge Moulded Fibre Ltd., Tera Plast India Pvt. Ltd., SENTHIL PLASTICS, G-Pack, Falcon Packaging LLC, MyPak Packaging, EP Europack, Sanovo Technology Group

Asia-Pacific was the largest region in the egg tray market in 2023. 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

The countries covered in the egg tray market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The egg tray market consists of sales of pulp egg cartons, foam egg cartons, egg flats, egg sleeves, egg crates, and egg boxes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.