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Agricultural Packaging Market: Segmented By Barrier Strength (Low, Medium, and High); By Product (Pouches & Bags, Bottles & Cans, Drums, and Others {Sacks, Tubes, and Jars}) and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030
[170+ Pages Research Report] Agricultural Packaging Market to surpass USD 8.3 billion by 2030 from USD 4.23 billion in 2020 at a CAGR of 5.21 % in the coming years, i.e., 2021-30.
Agriculture is the world's most globalized sector. Agricultural packaging will contribute to food preservation and protection, as a large proportion of foodstuffs are transported over thousands of kilometers, and maximum food share is wasted during that whole process due to inadequate treatment such as insufficient storage and packaging. They can be packed in a way that allows for longer shelf life and keeps the product fresh. Agricultural packaging helps to preserve the original properties of packaged and transported agricultural products.
Global Agricultural packaging market is expected to project a notable CAGR of 5.21% in 2030.
Nowadays people have become better aware of the waste of agro-based foodstuffs and their degradation as major drivers for agricultural packaging. Like many papers, newspapers publish only on grain, food, and other agro-based products that influence the minds of consumers in a positive way. In addition, the government is taking numerous initiatives in order to properly store and package these products to ensure low waste.
Pouches & Bags segment to grow with the highest CAGR during 2020-30
Global Agricultural packaging market is segmented by product into pouches & bags, bottles & cans, drums, and others (sacks, tubes, and jars). In the field of dry-solid formulations of fertilizers and pesticides, the use of bags and sack products in agrochemical packaging has increased since these offer a more sustainable way of protecting people from transport loss. Plastic materials such as polyethylene can therefore easily be found, and agrochemical manufacturers are therefore highly favored on a large scale because of their minimal price. With increasing numbers of solid/dry formulation launches on agrochemical products, the application of Pouches & bags for packaging in agriculture will increase.
Medium segment to grow with the highest CAGR during 2020-30
Global Agricultural packaging is divided by barrier strength into Low, Medium, and High. In aspects of barrier strength, medium barrier resistance materials dominated the agricultural packaging market. The end-use farmers and agrochemical manufacturers are particularly fond of these materials as it is an excellent equilibrium between cost-effective packaging solutions and mid-level barrier properties that are the best mix for agrochemicals packaging. Solutions for medium barrier supply moderate barrier humidity levels, thermal strength, gas permeability, oxygen barrier, as well as easy to use and mold.
Increasing awareness
Nowadays people have become better aware of the waste of agro-based foodstuffs and their degradation as major drivers for agricultural packaging. Like many papers, newspapers publish only on grain, food, and other agro-based products that influence the minds of consumers in a positive way. In addition, the government is taking numerous initiatives in order to properly store and package these products to ensure low waste.
Growing population
Increased population and enormous pressures on food production in countries like China & India led to high demand for efficacious and cost-effective packaging, which may be a further cause of market growth during the forecast timeframe. Proper packaging is very important in fruit types mainly. It is extremely essential to identify the layers of fruit by liners in order to maintain these fruits. These liners consist of pulp or plastic paper that minimizes fruit damage during transportation.
Volatility in prices
Fluctuations in raw material prices and the recycling of used and dumped packaging materials are the main factors limiting the growth of the agricultural packaging market. For instance, petroleum and crude oil are mainly used as plastics. The price variations of petroleum prices are so high that the industry is faced with a big hurdle in balancing packaging product prices. In the industrial packaging industry, the recycling of packaging waste has been a challenge for agricultural packaging because of the containment of dangerous chemicals within it.
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Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Agricultural Packaging market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global Agricultural packaging in Asia Pacific held the largest market share of XX% in the year 2020. In 2020, Asia-Pacific is expected to emerge as the fastest-growing share in agricultural packaging, followed by North America in the coming years. The increasing commercial prospects of agrochemicals around the world are the main factors influencing the level of growth opportunities in these regions in particular in countries such as China, India, the USA, and Canada. Agricultural packaging is anticipated to enhance European growth, as the growing rules on the use of chemical pesticides and the maximum residue limit have greatly hindered growth in the region.
Global Agricultural Packaging Market is further segmented by region into:
Agricultural packaging Segments:
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