Egg Tray Market to Show Growth of CAGR 6.1% During the Forecast Period (2024-30)

MarkNtel Advisors, a highly competitive market research firm, has recently issued a study on the Global Egg Tray Market. The report talks about fueling drivers, trending trends, profitable opportunities, market revenue, and numerous valuable aspects. In accordance with the report, the market is estimated to grow at a CAGR of about 6.1% during the forecast period, i.e., 2024-30. The demand for poultry products, especially eggs, has seen a tremendous rise in contemporary times, ultimately leading to the surge in the demand for egg trays. Typically made of plastic or paperboard, egg trays are vital for the safe transporting of eggs since they are fragile & need firm packaging.

The need for egg trays is further triggered due to the growing importance of transportation safety & the adoption of solutions related to packaging in developed countries like the US & Germany. The safety & quality of eggs while transporting is retained using advanced tools & technologies like shock-absorbing packaging systems. Additionally, the usage of dimpled foams in the packaging of eggs preserves it & lessens the chances of damaging the eggs to a larger extent.

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Besides, these trays are eco-friendly and sustainable, which is an added benefit fueling the Egg Tray Market globally. They are recyclable and can be easily disposed of without harming the environment, leading more companies to manufacture egg trays from sustainable & ecological materials. Hence, this development surfaces as a crucial evolutionary aspect in the market, which would contribute to its growth in the future years.

Leading Competitors Dominating the Global Egg Tray Market

The leading companies in the Global Egg Tray Market include DFM Packaging Solutions, Dispak, ECPlaza Network Inc., BWAY Corporation, Ovotherm International Handels GmbH, Pactiv Evergreen Inc., D&W Fine Pack, Brødrene Hartmann A/S, Tekni Plex, Pacific Pulp Molding, Inc., GI-OVO B.V, Huhtamäki, KSP Fibre Products Pvt. Ltd, Diamond Egg Tray Co., Teo Seng Capital Berhad, and Others. These companies hold a strong position across the market and are working further to strengthen their position.

Segment-wise Analysis of the Global Egg Tray Market

• By Material Used (Plastic, Polystyrene Foams, Paper, Recycled Paper, and Molded Paper)
• By Application (Liquid Egg Products, Dried Egg Products, and Frozen Egg Products)
• By Distribution Channel (Specialty Stores, Convenience Stores, Online, and Others (Wholesale Distributors, Department Stores, etc.))
• By End User (Transportation, Retailing, Hospitality, and Others (Educational Institutions, Food Processing Companies, etc.))
• By Region (North America, South America, Europe, the Middle East & Africa, and Asia-Pacific)

Potential Market Share to Be Seized By Both Specialty & Convenience Stores

Specialty and convenience stores have apprehended a significant share of the Egg Tray Market since past years and are believed to persistently hold the largest share in the forecast years as well. The major factors driving the dominance of specialty and convenience stores in the Egg Tray Market are their convenient behavior and easy accessibility. Moreover, consumers can now choose from a variety of products due to the rising number of stores and spreading out by the vendors.

Asia-Pacific to Lead the Global Egg Tray Market with A Substantial Share

The demand for egg trays in the Asia-Pacific region has been high and is expected to witness notable growth during the forecast period 2024-30 due to several factors such as urbanization, changing lifestyles, rising per capita income levels, and the strong demand from developing countries such as India, and China.

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