Agricultural Packaging Market - by Material (Plastic, Metal, Paper & paperboards, Composite materials, and Others), Product (Pouches & Bags, Drums, Bottles & Cans, And Others), Application (Chemical Pesticides, Chemical Fertilizers, and Biologicals), Barrier Strength (Low, Medium, and High)
— According to the report published by Zion Market Research, global demand for Agricultural Packaging market was valued at approximately USD 4.2 Billion in 2019, and is expected to generate revenue of around USD 6.1 Billion by end of 2026, growing at a CAGR of around 5.5 % between 2020 and 2026.
The global agricultural packaging market is ruled by major companies such as Kenvos Biotech Co., Ltd., Amcor Limited, Sonoco Products Company, Bemis Company, Inc., Mondi Group, Greif Inc., NNZ Group, Packaging Corporation of America, Silgan Holdings, Inc., LC Packaging International BV, Flex-Pack, Proampac LLC, Epac Holdings LLC, Purity Flexpack Limited, and Parakh Group.
R&D And Regulatory Guidelines Powering The Development Of The Global Market
The global market for agricultural packaging is a comparatively small industry of the industrial packaging sector. Noteworthy evolution has been witnessed regarding the packaging of chemical fertilizers and pesticides. R&D and regulatory guidelines are the primary reasons that have been powering the development of the global market. Application of HDPE and PET plastics for the pesticides’ confinement revolutionized the agrochemical packaging sector. Rising requirement for effective transport and storage of fertilizers and pesticides along with increasing requirement for longer life span of these goods are the powering factors for the steady development of the global market.
High Requirement For Pest Resistance All Over The World Powering The Growth Of The Market
Chemical fertilizers and pesticides are the primary applications of agricultural packaging aimed by market players. Due to the rising prohibition on chemical pesticides in primary nations, there is huge scope and a rising need for the growth for fertilizers’ agricultural packaging. The lowered development time and cost related to packaging solutions for these agrochemicals, high requirement for pest resistance all over the world, and arrival of biodegradable packaging products in the market are powering the growth of the market.
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Asia Pacific Predicted To Add Up For The Biggest Share Over The Next Five Years In The Agricultural Packaging Market
Asia Pacific is predicted to add up for the biggest share of the market, followed by North America over the next five years in the agricultural packaging market. The increasing trade opportunities all over the world for agrochemicals, particularly in nations such as India, China, Canada, and the US, are the primary factors adding to the high development opportunities in these areas. Agricultural packaging for fertilizers is predicted to power the development rate in Europe as the development in the area has been highly hindered by the increasing rules on maximum residue limit and chemical pesticide employment.
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The global agricultural packaging market is segmented as follows:
Paper & paperboards
Others (glass, nanomaterials, and jute)
Pouches & bags
Bottles & cans
Others (sacks, tubes, and jars)
By Barrier Strength
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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