The global reusable egg containers market is anticipated to accumulate a market value of US$ 3.04 billion in 2023 and is expected to garner a valuation of US$ 5.2 billion by exhibiting a CAGR of 5.5% in the forecast period 2023 to 2033. The market for reusable egg containers market reflected growth with 3.6% CAGR in the historical period 2018 to 2022.
Rising demand for eggs in pastries and other bakery goods are some major factors increasing the demand of eggs and are expected to fuel the demand of reusable egg containers in the market and increase the market growth rate.
Some other factors driving revenue growth of the global plastic egg container market are growing global food demand and high demand for eggs as a rich source of protein, rising use of eggs and extracts in food and beverages and bakery industries, and growing number of food chains and restaurants and food courts globally, to name a few.
Along with this, the need to protect eggs during transit and storage and to guarantee longer shelf life and prevention from moisture and contaminants are also driving demand for various types of innovative and efficient materials for manufacturing of egg packaging containers.
The global packaging industry is undergoing significant transformation and has overgrown over the past decade. The factors contributing to the growth are less developed markets as more consumers move to urban locations and adopt western lifestyles. This trend is assisting in market growth of reusable egg cartons during the forecast period.
Also, rise in introduction of innovative packaging solutions like active, modified atmosphere, edible, and bioplastic packaging is further anticipated to open new avenues into the reusable egg packaging market. Due to its highly durability and reusability properties, most egg consumers worldwide are preferring plastic which is augmenting sales of the product.
Region-wise, Asia-Pacific is expected to dominate the reusable egg cartons market in terms of revenue and market share during the forecast period. The region is projected to accumulate over 40% market share by end of the forecast period.
This is due to the increasing demand for egg packaging solutions in this region. The presence of well-established international players along with the existence of local vendors such as MyPak and Eggs Posure Packaging, surging demand for protein rich diet and rising product variety in terms of innovation in production and technology. This is creating a positive impact on the consumption of eggs which in turn upsurges the sales of plastic egg containers in the region.
Rising per capita income levels coupled with transforming lifestyles are also expected to fuel the regional product demand during the projection period. Likewise, the North American reusable egg packaging market is expected to grow at a CAGR of 5.2% during the forecast period. The growth is attributed to be supported by major nutritional organizations and food safety authorities. Moreover, the growing offline and online campaign is promoting the sales volumes of eggs.
Various large-scale packaging vendors in the egg industry are tilting their focus toward providing beautiful packaging designs to hypermarket and supermarket shoppers across United States and Canada. The increasing consumption of egg-based food products in retail and processed food segments are also expected to drive the demand for egg packaging materials across all parts of this region.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 3.04 billion |
| Projected Market Value in 2033 | US$ 5.2 billion |
| Growth Rate (2023 to 2033) | 5.5% CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing reusable egg containers are expected to create lucrative opportunities for market growth during the forecast period.
The reusable egg containers market, polystyrene segment, and polyethylene segment revenue witnessed a noteworthy share in 2021, according to the Annual Market Analysis conducted by Future Market Insights
Egg containers are similar to egg cartons, egg trays which has a dimpled shape structure that is used for storing and transporting eggs. The containers are usually made up of paperboard, moulded pulp, and plastic. Although plastic stands as the dominant material used as reusable egg container as containers made up of paper should be disposed of after a certain period.
Reusable egg containers have a high demand in the market due to the increase in consumption of poultry products. This increase in demand has automatically increased the demand of safe and secure packaging as eggshell is very fragile.
Reusable egg containers made up of plastic are resistant to any shock, and it absorbs any external stress during transportation. The reusable egg containers are anticipated to have high growth in the market in the forecasted timeline.
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Reusable egg containers made up of plastic offers various benefits to the manufacturers and retailers who supply the poultry products such as eggs of different animals. Plastic offers printing benefits that help the retailers and consumers gain information regarding the product packed.
The packaging can also be used for secondary purposes in the household after the primary use of storing eggs, making the egg containers extremely useful. These attributes contribute to gaining traction in the reusable egg containers market due to their effectiveness in storing eggs without any damage, reusable nature and cost-effectiveness.
Growing demand in the bakery and confectionary industry has also increased the consumption of eggs in the cakes and pastries as eggs act as an added advantage anticipating a significant growth of the reusable egg containers market in the forecasted period.
Usage of eggs by the consumers who put extra efforts into fitness tend to consume more than three to four eggs per day resulting in increasing the demand for eggs every day. This results in consumers preferring reusable egg containers as they would be helpful for everyday use rather than a disposable egg container.
Plastic manufacturers across the world are facing tough competition due to the other manufacturers and also the green packaging manufacturers which are trending currently due to consumer needs and environmental concerns.
The dynamic change in the cost of raw material has suffered a negative impact due to the stringent government laws and regulations in different countries. These attributes act as a restraint hampering the growth of reusable egg containers.
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Key Global Players of the Reusable Egg Containers Market are:
Key players in the Asia Pacific region of the Reusable Egg Containers Market are:
Asia Pacific region comprises more than 50% of the population of the world population and this accounts for the significant growth of the reusable egg containers market. Consumers in this region consume egg as a part of their daily diet and the easy availability of the raw material in the manufacturing of the reusable egg containers act as a driver.
This attribute of the people being highly health-conscious is acting as a fuel in the significant demand of the poultry industry thereby increasing the growth rate of the reusable egg containers market.
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Reusable Egg Containers Market
