Global Egg Tray Market is projected to be worth USD 7.94 billion by 2033 and is anticipated to surge at a CAGR of 5.73%.
Egg trays can keep the egg safe from the elements. It may also protect the eggs from damage caused by dampness and illumination, decreasing loss, and these factors are propelling the egg tray market forward. The egg tray has a textured structure, with each hollow accommodating a separate egg and isolating that egg from other eggs in a neighboring fashion. This structure protects eggs from forces imposed during storage and transportation by absorbing a lot of shock and preventing fractures to the fragile egg shells.
Global Egg Tray Market Driving Factors and Challenges
Drivers: Increased demand as a result of increased awareness
With increased awareness of global warming, paper egg trays will rise at the fastest rate, increasing market share in the egg tray industry. Growing demand for eggs from developing nations, as well as rising awareness about the health advantages of eggs, is predicted to drive global demand for egg packaging.
Environmentally conscious
There are various types of egg holders available on the market. In comparison to other egg trays, the paper egg tray is more environmentally friendly because its basic material is made from waste boxes, waste paper, and waste books, among other things. It is both biodegradable and recyclable. However, the market for egg trays has had limited growth due to intense competition among egg tray manufacturers and changes in the price of raw materials used in egg tray manufacturing. Furthermore, because the raw material is wood pulp, the cost of using paper pulp, as well as the paper and pulping production operations, as well as the subsequent melting and pressing procedures, is rather high. These are the main market constraints that will hinder market growth.
Impact of COVID-19 on Global Egg Tray Market
The growth and demand for processed eggs have both been significantly impacted by the COVID-19 epidemic. Several nations across the globe went into lockdown and locked their borders during the epidemic to stop the spread of the deadly coronavirus, which seriously impacted the industrial enterprises and the world supply chain. However, the COVID-19 epidemic has increased the sale of processed eggs through eCommerce platforms, which is expected to stimulate egg sales and achieve speedy growth.
Egg Tray Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Al-Ghadeer Group, BWAY Corporation, Brødrene Hartmann A/S, Cascades Inc., Cascades Inc., Cellulose de la Loire, CRB Ventures Private Limited, Dahlia Udyog, DFM Packaging Solutions, Dispak, ECPlaza Network Inc, GI-OVO B.V, GREEN PULP PAPER INDUSTRY SDN.BHD, Huhtamäk.
Global Egg Tray Market Segmentation:
By Type: Based on the Type, Global Egg Tray Market is segmented as; Plastic Egg Trays, Paper Egg Trays.
By Distribution Channel: Based on the Distribution Channel, Global Egg Tray Market is segmented as; Direct Sales, Distributor.
By Application: Based on the Application, Global Egg Tray Market is segmented as; Liquid Egg Products, Dried Egg Products, Frozen Egg Product.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.