Egg Tray Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033

Overview and Scope
An egg tray is a type of tray with several divots for holding individual eggs that come in a wide variety of colors, materials, forms, sizes, and designs to carry and transport entire eggs. The egg tray protects eggs from stresses during shipment and storage by absorbing shock.

Sizing and Forecast
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 growth in the historic period can be attributed to environmental awareness, regulatory emphasis on packaging standards, shift from plastic to paper-based packaging, consumer preferences for fresh and safe eggs, global economic growth.

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 growth in the forecast period can be attributed to continued emphasis on sustainability, rise in urbanization and convenience packaging, e-commerce boom, government initiatives and regulations, global increase in egg consumption. Major trends in the forecast period include sustainable materials and practices, customization and branding, efficiency in production and distribution, automation in manufacturing, innovations in packaging design.

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The egg tray market covered in this report is segmented –

1) By Product: Molded Fibre, 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

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

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Major Driver Impacting Market Growth
The growing demand for eggs is expected to boost the growth of the egg tray market going forward. An egg is a hard-shelled reproductive body produced by a bird or domestic chicken that is used as food in addition to a primary component for baked goods. Egg trays protect eggs from external damage. It additionally safeguards the eggs from being damaged and turning bad due to illumination and dampness and minimizes the loss of eggs. Hence, the growing demand for an egg will boost the need for the egg tray. For instance, in April 2022, according to statistics published by Department for Environment Food & Rural Affairs, a UK government department, the number of eggs purchased by UK egg processors totaled 1,113 thousand cases (equivalent to 24.4 thousand tonnes) in Q3 2021, a 22% rise over the same period in 2020 and a return to pre-2020 levels. In Q3 2021, liquid eggs accounted for 72% of total output; compared to the same quarter of 2020, total output increased by 19% in Q3 2021. Additionally, according to Statistics Canada, a Canada-based government agency, the production of eggs in 2020 reached 839 million of dozens from 822 million of dozens. Therefore, the growing demand for processed eggs is driving the growth of the processed eggs market.

Key Industry Players
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

The egg tray market report table of contents includes:

1. Executive Summary

2. Egg Tray Market Characteristics

3. Egg Tray Market Trends And Strategies

4. Egg Tray Market – Macro Economic Scenario

5. Global Egg Tray Market Size and Growth

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31. Global Egg Tray Market Competitive Benchmarking

32. Global Egg Tray Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Egg Tray Market

34. Egg Tray Market Future Outlook and Potential Analysis

35. Appendix