Agricultural Packaging Market: Size, Share, Growth, Trends, and Forecasts 2018–2026
Sarasota, FL -- (SBWIRE) -- 01/11/2019 -- Global Agricultural Packaging Market: Overview
Packaging is referred as fifth 'P' of marketing mix with agricultural packaging helping in retention of the original properties of agro-based products that are packaged and transported to grocery & retail stores. Implementation of accurate agricultural packaging is vital for shipping as well as delivering fresh and cost-efficient products. Agricultural packaging provides heat ventilation and enhances the rate of cooling of packaged content. At the time of transit and material handling, agricultural packaging assists in minimizing the damage to packaged items.
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Global Agricultural Packaging Market: Growth Factors
Burgeoning requirement of convenient as well as user-friendly packaging for agricultural products is anticipated to expedite agricultural packaging market trends over the years to come. In addition, agricultural packages offer oxygen and moisture barrier, thereby improving the shelf-life of the agro-based products. This, in turn, is likely to help agricultural packaging market garner hefty returns in the ensuing years. Massive need for sustainable packaging of agro-based products for withstanding severe atmospheric conditions such as rain and sunlight will further catapult the agricultural packaging market growth in the next seven years. Furthermore, escalating demand for raising the shelf life of pesticides and fertilizers as well as agrochemicals is likely to help agricultural packaging market accrue huge proceeds in the years ahead.
However, the major factors obstructing the growth of agricultural packaging market include oscillation in raw material costs along with reuse of discarded or outdated packaging materials.
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Global Agricultural Packaging Market: Segmentation
The global agricultural packaging market can be divided based on material, product, barrier strength, and application. On the basis of material, the market is segmented into plastic, composites, metal, and paper & paperboard. Product wise, the market is divided into pouches & bags, bottles & cans, drums. Based on barrier strength, the market is sectored into low, high, and medium types. Application wise, the agricultural packaging market is classified into Biologicals, chemical pesticides, and chemical fertilizers.
Global Agricultural Packaging Market: Regional Analysis
Based on regions, the global agricultural packaging market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was anticipated to account for the major share of agricultural packaging market in 2018, and is predicted to dominate the business in the ensuing years. The growth can be attributed to the escalating focus of the major industry players targeting agricultural packaging business in APAC. Rise in the agricultural yield along with accelerated growth witnessed in plethora of end-use industries such as seed and pesticides & fertilizers is anticipated to steer Asia Pacific agricultural packaging market size in the years ahead.
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for fertilizers is expected to boost the growth rate in Europe as the growth in the region has been highly hampered by the growing regulations on chemical pesticide usage and maximum residue limit. Latin America and Middle East & African markets are anticipated to demonstrate lucrative growths in the coming years, owing to thriving farming sector in these regions.
North America agricultural packaging market is expected to be the second largest market over the next seven years after APAC.
Global Agricultural Packaging Market: Competitive Players
The key players in the global agricultural packaging market include Amcor Limited, Bemis Company, Inc., Sonoco Products Company, Greif Inc., and Mondi Group. Some emerging players in the agricultural packaging market include Packaging Corporation of America, LC Packaging International BV, Kenvos Biotech Co., Ltd. , Flex-Pack , NNZ Group, Silgan Holdings, Inc., Proampac LLC , Purity Flexpack Limited, Epac Holdings LLC , and Parakh Group.
Global Agricultural Packaging Market: Regional Segment Analysis
- North America
- The U.S.
- The UK
- Latin America
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