Egg Packaging Market Share to Record Steady Growth by 2024
Sarasota, FL -- (SBWIRE) -- 12/07/2017 -- Eggs are fragile products that have to be handled with extreme care. In order to protect the eggs from breaking, egg packaging is done. It is an important part of delivering good quality eggs to the customers. The packaging can be done by using paperboard and plastic material. With rising demand for poultry products especially eggs, the demand in the egg packaging market has increased.
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The global egg packaging market is segmented into its material type and geography. On the basis of material type, the market is divided into paper and plastic material. Paper can be further sub-divided into paperboard, recycled paper, and molded cup and plastic can be further subdivided into polyethylene, terephthalate, and polystyrene. Based on geography, the market is diversified into North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa.
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The packaging industry all over the world has witnessed rapid developments and owing to this fact the egg packaging market has also shown a remarkable growth. The market has grown substantially due to the ease of conveying and transportation of eggs with the help of egg packaging. Egg packaging producers have introduced several thoughts and innovations for the sheltered transportation of eggs. Also, significant changes in the lifestyle, rapid industrialization, convenience of emerging economies, and increase in per capita disposable income are factors that are fuelling the demand for the egg packaging industry. When storage of eggs has to be done in bulk, egg packaging made out of paper can be used since they are recyclable and also cost-effective. This has created greater demand in the market. However, varying cost of raw materials and excessive competition among the manufacturers may hamper the growth of the egg packaging market.
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North America holds the largest share of the egg packaging market. This growth is expected to be followed by Europe especially by countries such as Germany, the U.K., Russia, and Poland. Growth in Asia Pacific region is also anticipated to grow at an accelerated pace. This can be attributed to the increase in the spending power and disposable income of the consumers as well as the technological advancement observed in the industries in this region. The growth will be mainly concentrated in countries such as China, India, and Japan due to increasing fondness for eggs in these countries. The Latin American region is expected to exhibit an above average growth during the coming years. The Middle East and Africa region will also be providing a fair share to the market growth.
Some of the major players in the egg packaging market include Huhtamaki Oyj, Brodrene Hartmann A/S, Pactiv LLC, UFP Technologies Inc., Dispak UK, Ovotherm International Handels GmbH., Sanovo Technology A/S, DFM Packaging Solutions, CKF Inc., Dolco Packaging Corp., and Ulma Packaging.
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