Egg Tray Market Surges with a Robust 6.1% CAGR in 2024-30 Forecast
Feb 12, 2024
Market Overview: Egg Tray Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Egg Tray Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Egg Tray Market Insights 2024-30
The Egg Tray Market is estimated to grow at a CAGR of around 6.1% during the forecast period 2024-30.
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Driving Innovation: Exploring the Egg Tray Market and its Key Drivers
Global Egg Tray Market Driver: Heightened Production of Eggs to Elevate the Demand for Egg Trays
The global demand for egg trays is primarily driven by factors, such as widespread egg consumption, a growing population, increased purchasing power, and a broader acceptance of eggs as a food item. As incomes rise, there is an evident trend of growing appetites for a diverse range of food, including higher-value and higher-quality options like eggs.
Eggs are a popular food item among both vegetarians & non-vegetarians. They are one of the richest sources of protein, minerals, and vitamins, contributing significantly to daily nutritional requirements. Given their numerous health benefits, eggs are widely consumed globally, increasing egg production. Consequently, the increasing demand for eggs is anticipated to be a key driver for the growth of the Egg Tray Market.
Top Players in the Egg Tray Market:
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, Others.
Egg Tray Industry Recent Development:
- January 2022: Tekni-Plex, a US-based materials science and manufacturing technologies company, has acquired the licensed technologies of Fibro Corporation. This strategic move is aimed at enhancing Tekni-Plex’s capacity, increasing production, and diversifying product lines to cater to a wider range of fresh foods markets, delivering added value to consumers.
- March 2022: Ovotherm International Handels GmbH introduced PlasticPlastic Ovotherm Egg Cartons, crafted from recycled BPA-free RPET plastic. These cartons are fully recyclable, providing an eco-friendly solution, and feature labeled plastic.
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Segmentation Analysis of Egg Tray Market
Egg Tray Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Material Used
-Liquid Egg Products
-Dried Egg Products
-Frozen Egg Products
By Distribution Channel
-Others (Wholesale Distributors, Department Stores, etc.)
- The Specialty Stores and Convenience Stores held a significant share of the Egg Tray Market in the past years and are predicted to be one of the leading distribution channels in the years ahead.
By End User
-Others (Educational Institutions, Food Processing Companies, etc.)
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A Comprehensive Geographical Analysis:
-The Middle East & Africa
- Asia-Pacific has emerged as a dominant force in the Egg Tray Market, securing a significant share of the revenue.
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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