Global Agricultural Packaging Products Market Segments, Share, Trends, Analysis— by Material (Plastic, Paper & Paperboard, Metal, Glass), Product (Pouches, Bags, Bottles, Trays), Barrier Strength (High, Medium, Low), Application (Chemical Pesticides, Chemical Fertilizers, Biologicals) and Region — Forecast till 2023
Agricultural Packaging Products Market Overview
The increasing trends of globalization has influenced the agriculture sector to a large extent. Agriculture is the primary source of food which makes it an important industry worldwide. The food products thus produced through the means of agriculture require proper distribution to reach the end user. Within the entire process of distribution, packaging plays a significant role. Proper packaging for the agricultural sector will assist in preserving and protecting the produced food. A large share of food is carried for thousands of kilometers and throughout the whole process, major share of the food is wasted. It is due to improper handling of the food such as inadequate packaging and storing. The packaging is done in such a way that the food can retain shelf-life for longer duration and preserve the freshness of the product. Agricultural packaging assists in upholding the original attributes of agricultural produce which are transported and packed.
According to the reports published by Market Research Future, the worldwide Agricultural Packaging Products Market is estimated to develop at a CAGR of 4.7% over the forecast period. Today, people are more concerned about the wastage of agro products and depletion of food sources. The awareness acts as a substantial driving force for agricultural packaging. Several research-based journals and articles have also been published on the negative effects of wastage of food and other agro based goods, which has influenced the consumers to think seriously about controlling food depletion. Additionally, the government is launching several initiatives for proper preservation of agricultural products so that wastage can be curtailed.
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The global Agricultural Packaging Products Market is dominated by key players such as
- B. Fuller Company (US)
- ondi (Austria)
- Sonoco Products Company (US)
- Anderson Packaging Inc (US)
- Atlantic Packaging (US)
- LC Packaging (The Netherlands)
- Flex-Pack (US)
- RM CONVERTERS (India)
- NNZ Group (Netherlands)
- Packaging Corporation of America (US)
- Greif (US)
- ProAmpac (US)
- Novolex (The US)
Global Agricultural Packaging Products Market is segmented based on product, material, region, and application. Based on products, the market is segmented as bags, pouches, trays, bottles, and others. Based on material, the market is segmented as paper & paperboard, plastic, glass, metal, and others. Based on application, the market is segmented into biologicals, chemical fertilizers, and chemical pesticides.
Geographically, Asia-Pacific is estimated to represent the largest share of the global Agricultural Packaging Products Market. The market is expected to develop at the highest CAGR over the forecast period. The increasing population in the APAC market influences the demand for agricultural packaging positively. The emerging economies in the Asia Pacific market drives the demand for agricultural packaging owing to the increasing instances of urbanization and industrialization. Besides, the surging demand for seeds in the economies such as India and China, makes it a promising market for agricultural packaging.
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