Global Egg Packaging Market Is Estimated To Witness High Growth Owing To Rising Demand For Eggs And Increased Shelf Life Of Eggs

Egg Packaging Market
Egg Packaging Market


Overview:

Egg packaging is a container that encloses eggs and protects them from damage during transportation. The container can be made from paper, plastic or other materials. Polystyrene is a popular material used for egg packaging because it provides superior cushioning and protects against odors and moisture. It is also strong and durable. Cardboard is another popular material used for egg packaging and is a versatile option that can be customized to suit your needs. It is a lightweight material that can be printed to highlight your brand logo and other details. Labels are an important part of packaging as they contain important information about the product for consumers and wholesalers. They indicate the producer, when the product was laid, quality/grade description, and other important details. Julian date is an important feature of packaging because it helps customers determine how fresh the products are. This date is usually printed on the short side of the carton.

Market Dynamics:

Growing acquisitions among key players are estimated to augment the growth of the global egg packaging market over the forecast period. For instance, a leading manufacturer of flexible packaging C-P Flexible Packaging acquired Genpak Flexible from The Jim Pattison Group in June 2020. This acquisition will offer customers with a wide range of innovative flexible packaging options. Moreover, fluctuating cost of raw materials is anticipated to restrain growth of the global egg packaging market over the forecast period.

Impact of COVID-19:

The pandemic was first reported in 2019 in China. It affected many individuals and all sectors of the society. This led to imposition of strict regulations for preventing further spread of the virus. The pandemic was then transmitted to other nations globally and theses nations also implemented social distancing regulations and nationwide lockdowns. This affected almost all businesses across the world. Manufacturing activities were banned in many parts of the world, which hampered many industries. These restrictions also led to shortage of raw materials. Supply chains were disrupted, so end-user industries were also affected. People were avoiding consumption of eggs and meat, fearing the transmission of the virus. This also hampered the demand and growth of the global egg packaging market. Thus, the pandemic had a negative impact on the growth of the market.

Key Takeaways:

The global egg packaging market is expected to witness high growth, exhibiting CAGR of 5.7 % over the forecast period, due to increasing product launches. For instance, a new line of fully curbside recyclable temperature-controlled packaging was launched by Sonoco ThermoSafe in November 2020. They will be offering in various sizes and initially they will only be available only in the US market.

Asia-Pacific is anticipated to witness significant growth in the global egg packaging market  over the forecast period, owing to growing inclinations towards a healthy lifestyle.

Major players operating in the global egg packaging market are Sonoco Products Company, Brødrene Hartmann A/S, Sanovo Technology Group, CKF Inc., Pactiv LLC, Celluloses De La Loire, Ovotherm International Handels GmbH, Dynamic Fibre Moulding (Pty) Ltd., Mauser Packaging Solutions, Dispak Limited, and Huhtamaki Oyj. 

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