AP NEWS

Global Plastic-based Egg Packaging Market 2018-2022 | Industry Analysis and Forecast | Technavio

November 13, 2018

LONDON--(BUSINESS WIRE)--Nov 13, 2018--Technavio ’s global plastic-based egg packaging market research report forecasts the market to grow at a CAGR of nearly 5% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181113005857/en/

Technavio has released a new market research report on the global plastic-based egg packaging market for the period 2018-2022. (Graphic: Business Wire)

The advantages of plastic-based packaging over paper-based egg packaging will be one of the major trends in the during 2018-2022. During the forecast period, the adoption of PET for egg packaging is expected to increase owing to its advantages. PET cartons are transparent and hence facilitate the visual inspection of eggs without touching them. Additionally, PET cartons can tolerate extreme temperatures and the leakage from one broken egg will not affect the other eggs in a PET carton.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio’s analysts, one of the key drivers for the global plastic-based egg packaging market is the popularity of organic and cage-free eggs:

Global plastic-based egg packaging market: Popularity of organic and cage-free eggs

There has been an increase in the popularity of organic foods, including organic eggs. PET-based packaging is the most preferred form of packaging for organic eggs. This has led to the adoption of PET-based packaging by several vendors in the egg packaging market. These factors have been driving the demand for PET-based egg packaging, particularly in the Western nations.

According to a senior research analyst at Technavio, “An increasing demand for cage-free eggs is also being witnessed. More than 200 companies in the US have pledged to go cage-free in the next 5-10 years. For instance, in 2017, Unilever announced that it had already fulfilled its pledge of using only cage-free eggs. Clear plastic is being adopted to package cage-free eggs. This will boost the growth of the global plastic-based egg packaging market during the forecast period.”

Global plastic-based egg packaging market: Segmentation analysis

This global plastic-based egg packaging market analysis report provides market segmentation by product (tray and carton) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major product segments, the tray segment held the largest plastic-based egg packaging market share in 2017, contributing to approximately 51% of the market. This product segment will dominate the global market throughout the forecast period.

The APAC region held the largest share of the market in 2017, accounting for more than 41% share. It was followed by the Americas and EMEA respectively. The APAC region is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005857/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS PACKAGING NATURAL RESOURCES AGRICULTURE RETAIL FOOD/BEVERAGE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/13/2018 10:34 AM/DISC: 11/13/2018 10:34 AM

http://www.businesswire.com/news/home/20181113005857/en

AP RADIO
Update hourly