A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global egg packaging market. Presenting exclusive insights into the market from 2019 to 2029, the report projects that the market will witness notable growth during the forecast period. Egg carton, the most common form of egg packaging, acts as a simple and safe solution for carrying whole eggs, by protecting the eggs against stressful environments. Mandatorily used during distant transportation and storage, egg packaging has been gaining traction, owing to increasing safety concerns to deliver eggs undamaged. The growth of the market is primarily driven by increasing preference for safety and convenience in the transportation of eggs, and growing adoption of sustainable packaging methods. Furthermore, the increasing number of food chains and restaurants, coupled with the penetration of modern retail will also complement the market growth in the forthcoming years.
Market Players Shift Focus on Towards Eco-friendly Packaging Variants
On the back of high consumer demand for safer alternatives for protein intake, the consumption of eggs has been surging worldwide, subsequently increasing the demand for egg packaging applications. Distributors are increasingly emphasizing on the need for egg packaging, to avoid damages and wastage of stock. On this premise, trays and cartons are generally stacked and placed in crates during distant transportations to ensure that the packing absorbs stress. Over the years, players in the egg packing market are focusing on green-packaging and are opting for molded fibre-based products to reduce the carbon footprint. On this premise, ryegrass cartons, made of ryegrass & cardboard, are finding significant adoption, and are gradually replacing traditional cartons. Moreover, leveraging the demand for eco-friendly materials, players are manufacturing recyclable egg packaging cartons. On these lines, Finland-based food packaging player, Huhtamaki, launched a 100% recyclable carton called GreeNest, that reduces the carbon footprint by 10% and consumes less water than traditional cartons. Such environment-friendly products will continue to fuel market growth. An uptick in the number of food chains and restaurants, backed by increasing per capita incomes is also propelling the need for egg packaging and will contribute to the market growth.
Stringent Regulations Against Plastic Usage Restrain Market Growth
Although market players are gradually shifting towards eco-friendly material, stringent government regulations against the use of plastics will hamper the market growth to a certain extent. In order to expand their profit margins by reducing the spending on packaging materials, market players are resorting to the usage of conventional plastic materials. However, this step is being met with resistance from regulatory bodies that insist on using environment-friendly bioplastics and other materials. Due to this, market players are witnessing a downfall in their profit margins, which will impact the overall market growth.