Report: Egg packaging market to expand CAGR of 6.2% by 2029
Molded fibre and plastics, including polystyrene and polyethylene terephthalate (PET), are said to be among the most commonly used raw materials for egg packaging.
The global egg packaging market is estimated to roughly land at over $5.5 billion by 2019, and will expand at a CAGR of over 6% by 2029, according to a report published by Future Market Insights (FMI), Valley Cottage, N.Y.
The study, "Global Egg Packaging Market: Industry Analysis and Opportunity Assessment, 2019-2029," reveals molded fibre and plastics, including polystyrene and polyethylene terephthalate (PET), to be among the most commonly used raw materials for egg packaging, as they provide integrated structure with suitable rigidity and stiffness, making them suitable for shock-proof performance.
Egg packaging solutions available in the market are either egg trays or cartons. FMI predicts that egg packaging solutions in the form of trays will have a lion's share in the egg packaging market during 2019-2029. This is mainly attributed to the ergonomics of trays.
Moreover, special care needs to be taken for cartons made up of molded fibre, as they cannot be placed at the bottom as a stack. Higher level of convenience of egg packaging in the form of trays is thus expected to influence the dynamics of the egg packaging market in the upcoming years.