Latin America is likely to Witness Huge Growth Opportunities for global egg packaging market, owing to the rising production and consumption of eggs in Brazil, Mexico and Argentina
Date of publication: 22 July 2019
Global egg packaging market size reached USD 7.98 billion in 2016, is projected to grow at a CAGR of 6.0% during the forecast period. Geographically, Asia-Pacific is dominating the egg packaging market and accounted for 32% of total market share in 2015. Latin America and Europe region are anticipated to project strong growth in upcoming future.
According to Goldstein Research, “Eggs are fragile in nature thus secure and careful packaging of egg is a necessity. Rising consumption of eggs due to its protein richness and easy to cook nature is fuelling the growth of egg packaging market all across the globe. The global egg packaging market segmentation has been carried out on the basis of packaging material type which is further classified as molded paper and plastics. Molded paper occupied 58% revenue share of global egg packaging market in 2016 and is expected to dominate the market over the forecast period. Low raw material cost, high temperature and water resistant properties is bolstering the adoption of molded paper for egg packaging. Molded paper are 100% recyclable and rising preference of eco-friendly packaging over conventional packaging will eventually boost the demand for molded paper for egg packaging. Plastics packaging material is bifurcated into polystyrene and polyethylene terephthalate (PET). Among these segments PET is expected to occupy largest market share owing to its cleaning and reusability property. In 2016, PET valued USD 2.8 billion and polystyrene accounted for 7% revenue share of global egg packaging market. Latin America is the fastest growing region for global egg packaging market, owing to the rising production and consumption of eggs in Brazil, Mexico and Argentina. In 2016, over 200 eggs per person were consumed in Brazil. Latin America egg packaging market valued USD 0.32 billion in 2016 and is projected to register notable growth during the forecast period. For research on egg packaging market, visit: https://www.goldsteinresearch.com/report/global-egg-packaging-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024 Market Segmentation Global Egg Packaging Market is segmented on following basis · Based on Packaging Material o Molded Paper o Plastics § Polystyrene (PS) § Polyethylene Terephthalate (PET) · Based on Geography o North America (U.S. & Canada) o Latin America ( Brazil , Mexico & Rest of Latin America) o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) o Middle East & Africa (GCC, South Africa, North Africa, RoMEA) o Rest of World “Global Egg Packaging Market 2024” contains detailed overview of the global egg packaging market. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis. The report also provides competitive outlook for some of the major players which includes profiling of companies such as Celluloses de la Loire (CDL), Hartmann, Huhtamäki, Pactiv, Europack, Tekni-Plex, DFM Packaging Solutions, Dispak, Primapack, MyPak Packaging, SANOVO TECHNOLOGY GROUP, StarPak, DAVA Foods and Ovotherm. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global egg packaging market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. Get market report sample@ https://www.goldsteinresearch.com/request-sample/global-egg-packaging-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024 About Goldstein Research Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our analysts working on latest packaging industry market research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda. Contact for more Info: Mark Twain (Global Sales Head) USA: + 1-646-568-7747 Canada: 1-437-886-1181 UK: +44-203-318-6627 email@example.com www.goldsteinresearch.com