Agricultural Packaging Market Is Expected To Grow At A CAGR Of ~4.7% During Forecast 2023

Summary

Global Agricultural Packaging Market Size, Share, Trends, Growth, 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 Market Scenario

The agricultural packaging market is estimated to garner a CAGR of 4.7% during the forecast period (2017-2023), unveils Market Research Future (MRFR) in a detailed report. Agricultural packaging assists in maintaining the original properties of agro-based products, which are packed and then transported to the grocery stores. It prevents agricultural products from spoiling before reaching the end users. Using the ideal agricultural packaging is essential for delivering fresh products.

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Competitive Dashboard

The top players dominating the global agricultural packaging market includes H.B. Fuller Company (US), Ondi (Austria), Sonoco Products Company (US), Anderson Packaging Inc (US), Atlantic Packaging (US), RM CONVERTERS (India), LC Packaging (The Netherlands), Packaging Corporation of America (US), Flex-Pack (US), ProAmpac (US), NNZ Group (Netherlands), and Greif (US), Novolex (The US).

 

Market Potential and Pitfalls

The agricultural packaging market has witnessed a tectonic surge over the past few years, mainly due to the evolving e-commerce sector across the globe. With consumers preferring online shopping, there is a high requirement for product protection. This further elevates the scope for the agricultural packaging market across the globe. People are getting more conscious regarding food depletion and agro-based products. This acts as a major driving factor for the market. Governments across the world are taking initiatives for adequate storing and packaging of the products to reduce wastage. The ever-increasing population in economies like India and China has led to tremendous pressure on the production channels of food. This has further resulted in an increased demand for cost-efficient and effective packaging, thereby contributing to the growth of the agricultural packaging market. Agricultural packaging protects the items from breakage or leakage until used. It also protects the food against hazards during storage and distribution. Such benefits of agricultural packaging are fueling the market growth.

Global Agricultural Packaging Market: Segmental Analysis

The agricultural packaging market is segmented on the basis of material, product, barrier strength, and application.

By material, the agricultural packaging market is segmented into paper & paperboard, plastic, glass, and metal, and others. Among these, the plastic material dominates the market owing to its flexible properties.

Based on the product, the agricultural packaging market constitutes bags, pouches, trays, bottles, and others.

By barrier strength, the market is segmented into low, medium, and high. Among these, the medium barrier strength segment dominates the market as it is highly preferred by agrochemical manufacturers and farmers due to their cost-effective packaging solutions.

The application segment comprises chemical pesticides, chemical fertilizers, biologicals, and others. Among these, chemical fertilizers are used on a large scale.

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For More Info, Click @ https://www.marketwatch.com/press-release/agricultural-packaging-market-2019-global-industry-extensive-competitive-landscape-on-size-volume-trends-share-and-revenue-by-forecast-2023-2019-01-31