Egg Tray Market in APAC – Growing Focus on Sustainability to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#Packaging–The egg
tray market in APAC is expected to grow at a CAGR of
close to 6% from 2018-2022, according to a new market research report by
Technavio.

Egg tray market in APAC segmentation by material and geography

Technavio’s report on the egg tray market in APAC analyses the business
dimensions and presents a comprehensive breakdown in terms of market
segmentation by material, which includes plastic and paper. As projected
in 2017, around 61% of the market share originated from the plastic
segment. Plastic has numerous advantages which makes it suitable for egg
packaging such as durability and reusability.

Based on geography, the egg
tray market in APAC has been segmented primarily into China,
India, and Indonesia. As of 2017, over 57% of the market share came from
China.

“China is the top producer of eggs with more than 60% of the total
production in APAC, which is generating the demand for eggs in the
country. Moreover, the increasing urban population is becoming more
health conscious as a result of which they prefer protein-rich foods
such as eggs,” says a senior analyst at Technavio for packaging
research.

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Egg tray market in APAC: competitive vendor landscape

The egg tray market in APAC is highly fragmented due to the presence of
several international and regional players. The market in APAC is
becoming competitive with key players focusing on strategies to grow
their business. Vendors are trying to improve their product portfolio to
gain a competitive advantage, for instance, Huhtamaki is offering
Multi-K Plus trays, which provide excellent protection.

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Other topics covered in the report:

Market drivers:

• Increasing demand for eggs
• Rising need for food packaging

Market trends:

• Increasing popularity of digital printing on packaging
• Growing focus on sustainability

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tray market in APAC report free of cost

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