The disposable egg trays market experienced a remarkable surge in growth in 2021, with global revenues witnessing an impressive annual increase of almost 6%. Excitingly, according to a recent forecast by FMI (Food Market Insights), the trajectory of this market is projected to be even more remarkable in the coming decade. FMI’s estimations reveal a forecast where revenues within the disposable egg trays market are set to nearly double from 2021 to 2031, signifying a truly extraordinary and promising expansion in the industry.
What are the Key Trends Impacting Growth of the Disposable Egg Trays Market?
In contemporary times, a significant shift has taken place in the practices of disposable egg tray manufacturing companies. Many of these companies have transitioned towards utilizing a substantial quantity of recycled paper, in stark contrast to the traditional use of cardboard and various other materials.
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This transformation to recycled paper within the domain of egg tray production is laden with advantages, both for the environment and for consumers. Recycling not only promotes ecological well-being but also translates into cost savings for customers, as recycled paper egg trays tend to be more cost-effective than their counterparts made from virgin paper.
What further underscores the appeal of recycled paper is its inherent reusability, a feature that makes it exceptionally well-suited for the fabrication of disposable egg trays. This shift away from wasteful and environmentally harmful practices marks a significant step forward in sustainable and responsible manufacturing.
Drivers:
- Increased Consumption of Eggs: The growing awareness of the nutritional benefits of eggs and their versatile use in various culinary applications has led to an increase in egg consumption. This drives the demand for disposable egg trays as they are used for packaging and transportation.
- Convenience and Hygiene: Disposable egg trays offer convenience and hygiene advantages. They are easy to handle, reduce the risk of contamination, and can be safely disposed of after use, making them a preferred choice for consumers.
- Government Regulations: Stringent regulations related to food safety and packaging materials often mandate the use of disposable and hygienic packaging solutions, which includes disposable egg trays.
- Increase in Poultry Farming: The expansion of the poultry industry to meet the rising demand for eggs has boosted the demand for egg packaging solutions, including disposable egg trays.
- Environmental Concerns: There is a growing trend towards eco-friendly and biodegradable disposable egg trays. This environmental awareness can drive the development and adoption of sustainable alternatives in the market.
Restraints:
- Environmental Concerns: While there is a demand for eco-friendly egg trays, the transition to fully sustainable and biodegradable materials can be expensive and pose technical challenges, which can restrain market growth.
- Price Volatility of Raw Materials: The cost and availability of raw materials, such as pulp or plastic, can fluctuate, impacting the production costs of disposable egg trays and potentially leading to price instability.
- Competition from Reusable Trays: Reusable egg trays made from materials like plastic or metal can compete with disposable trays, especially in regions where consumers prefer sustainable, long-lasting options.
- Supply Chain Disruptions: Disruptions in the supply chain, as seen during the COVID-19 pandemic, can affect the production and distribution of disposable egg trays, causing short-term challenges for the market.
- Limited Market Penetration: In some regions, traditional methods of egg distribution, like open crates, are still prevalent. Convincing producers and consumers to switch to disposable egg trays can be a gradual process, limiting market growth.
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Competitive Landscape
The following global key players such as
- Henry Molded Products, Inc.
- Pacific Pulp Molding LLC
- KSP Fiber Products Pvt Ltd
- Cosmoplast Ind. Co. LLC
- Cascades Inc.
- Hartmann
- Huhtamaki Brazil
- Others
Key Asian players manufacturing disposable egg trays are
- HIGHTOP
- Xuzhou Bien International Trade Co., Ltd.
- Jai Guru Gorkh Nath Engineering Works
- Rulyda Plastic Manufacture Co.,Ltd
- Maspack Limited
- Khandagiri Pulp Pvt. Ltd.
- Sri Vijaya Lakshmi Pulp & Packing Industry
- Gopal Krishna Packing Products
- MK Green Packaging
Key Segments of Disposable Egg Trays Market Covered in the Report
Based on the Cavity:
- 2 to 6
- 8 to 12
- 12 to 24
- More than 24
Based on the Material:
- Paper egg cartons
- Recycled paper
- Molded pulp
- Plastic egg trays
- Polystyrene foam
- Clear plastic
Based on the Sales Channel:
- Online
- Offline
- Retail shops
- Distributors
- Supermarket/Hypermarket
Based on the Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Website: https://www.futuremarketinsights.com
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