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Global Agricultural Packaging Market Size By Product Type (Pouches And Bags, Drums, Bottles And Cans), By Material Type (Plastic, Metal, Paper And Paperboard, Composite Materials), By Application (Fertilizer, Pesticides, Seeds), By Geographic Scope And Forecast


Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Agricultural Packaging Market Size By Product Type (Pouches And Bags, Drums, Bottles And Cans), By Material Type (Plastic, Metal, Paper And Paperboard, Composite Materials), By Application (Fertilizer, Pesticides, Seeds), By Geographic Scope And Forecast

Agricultural Packaging Market Size And Forecast

Agricultural Packaging Market size was valued at USD 7.36 Billion in 2023 and is projected to reach USD 11.41 Billion by 2031, growing at a CAGR of 6% from 2024 to 2031.

  • The term “agriculture packaging” describes specialized packaging options made especially for use with agricultural goods.
  • It entails the creation and fabrication of containers and packaging materials to safeguard and maintain the quality of diverse agricultural products at every stage of the supply chain, from production to distribution and retail.
  • Agriculture packaging’s main goal is to protect agricultural goods during storage and transit by guarding against physical harm, contamination, spoiling, and quality loss.
  • The need for protection of crops, seed storage, and animal feed is demanding sustainable packing solutions such as agricultural packaging. Additionally, the rise in e-commerce activities is creating new opportunities for agricultural packaging, as online retailers are seeking packaging solutions that are both functional and visually appealing.
  • Overall, the Agricultural Packaging Market is expected to continue growing in the coming years.

Global Agricultural Packaging Market Dynamics

The key market dynamics that are shaping the global Agricultural Packaging Market include

Key Market Drivers

  • Growing Global Population and Food Demand The demand for food is rising in tandem with the growth in the global population. Effective packaging solutions are therefore required to reduce food waste at every stage of the supply chain, from the farm to the meal.
  • Food Safety and Quality AssuranceGrowing stringent laws and consumer concerns about food safety and rise in food-related diseases or allergies is demanding premium packaging essential for preventing contamination and preserving freshness.
  • Enhanced Supply Chain Efficiency For prevention of spoilage and ensuring product freshness and safety is encouraging the manufacturers and complex food supply chains to adopt efficient and eco-friendly packaging solutions that can survive long-term storage and transportation over great distances.
  • Needs for Specialized Packaging As every agricultural product has its own set of specifications, the need to ensure their appropriate protection and usefulness the packaging must be tailored as per the unique requirements of fruits, vegetables, grains, seeds, fertilizers, and pesticides.
  • Sustainability Issues and Legislation The inclination towards eco-friendly and sustainable packaging solutions is rising owing to the growing environmental consciousness and legislation. Thereby, surging demand for recycled content, biodegradable alternatives, and waste-minimization-focused designs.

Key Challenges

  • Cost Variations and Material Prices The market for agricultural packaging is continuously affected by changing prices of raw materials, especially volatile costs of plastics made from petroleum. Thus, the challenge for manufacturers to offer affordable packaging options without compromising on the quality and functionality of their products is likely to impact the market. To lessen dependency on volatile commodities, finding substitute materials with stable prices or creative production techniques is gaining momentum.
  • Environmental Impact of PlasticsThe widespread use of microplastics in agricultural packaging is leading to a significant increase in plastic waste polluting our environment. This is spurring demand for stricter regulations and a consumer shift towards sustainable alternatives, pressurizing the industry to develop and adopt eco-friendly materials and designs.
  • Insufficient Recycling Infrastructure The packaging of chemicals like pesticides and fertilizers, may be difficult for the current recycling infrastructure to handle. Thus, the focus on sustainability and eco-friendly practices in the industries is creating effective and secure recycling processes tailored as per the waste streams associated with agricultural packaging. Thus, need for a complete solution is necessitating cooperation between waste management firms, farmers, and packaging manufacturers.
  • Consumer Education and Behavior Change The benefits and features of sustainable packaging solutions is one facet of an integrated strategy designed to promote broader acceptance of these choices. Thus, the knowledge regarding the environmental impact of traditional packaging and the long-term benefits of sustainable options are likely to influence consumer preferences. Thereby, promoting ethical waste disposal and educating the public is shifting preference toward more sustainable packaging environment.

Key Trends

  • Sustainable Packaging Solutions Growing awareness regarding the environment pollution, stringent regulations, and miniaturized designs is propelling demand for sustainable, recyclable, and biodegradable packaging solutions. Thus, demand for lowering impact on environment is demanding alternative sources compared to traditional plastic materials, soaring sales of innovative, portable, and environmentally friendly agricultural packaging.
  • Smart Packaging Technology There is a growing trend of incorporation of smart components into packaging, such as printed electronics and sensors. By keeping an eye on variables like temperature, humidity, and freshness, these features help improve product quality control and lower spoilage, fueling the expansion of the market.
  • Growing E-commerce Industry Agricultural packaging is currently gaining momentum as a result of the growing popularity of online shopping. Thus, flourishing e-commerce sector is demanding packaging with durability, product safety, and freshness. Also, availability of tamper-evident and resealable packaging options in online shopping is also facilitating the Agricultural Packaging Market gain popularity.

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Global Agricultural Packaging Market Regional Analysis

Here is a more detailed regional analysis of the global Agricultural Packaging Market

North America

  • The North American Agricultural Packaging Market is expected to witness steady growth in the coming years, driven by the increasing demand for sustainable and eco-friendly packaging solutions.
  • The US and Canada are the key markets in the region, with the US accounting for the largest share of the market. The growth of the market in North America is also attributed to the rising demand for fresh produce, growing awareness about food safety, and the need for longer shelf life of agricultural products during transportation and storage.
  • Additionally, technological advancements in packaging materials and designs and the rise of e-commerce are expected to create new opportunities for the market in the region.
  • In addition, the rise of e-commerce has also contributed to the growth of the market, as online retailers require packaging that is both functional and visually appealing to attract customers.
  • The market is also driven by technological advancements in packaging materials and designs, which enable longer shelf life and better protection for agricultural products during transportation and storage.

Europe

  • Europe is anticipated to have a significant position in Agricultural Packaging Market.
  • The growing focus on environmentally friendly packaging options and sustainability is entailing the incorporation of strict laws and guidelines regarding recycling and packaging waste in Europe. These laws are encouraging the manufacturers to track their influence on the environment and also adopt packaging materials that are recyclable and biodegradable.
  • Additionally, European packaging companies are making significant investments in environmentally friendly printing technologies, compostable packaging, and bio-based plastics, creating lucrative opportunities for the growth of Agricultural Packaging Market in this region.

Asia Pacific

  • The Asia Pacific region is anticipated to hold the biggest market share during the projection period owing to rising agricultural activities.
  • Emerging countries, including China and India, are two of the biggest agricultural producers in the world, in which are offering immense growth prospects in this region.
  • Growing population along with the rising disposable income in the region, especially emerging countries, is bolstering demand for variation in agricultural produce, such as cereals, fruits, vegetables, and others. Hence, the need for enhancing the shelf life, quality, and safety during transportation or storage of the product stirring up demand for effective packaging solutions.
  • The different governments in the region are investing in improving agricultural infrastructure, including storage facilities and transportation networks. Thereby, creating a need for robust and durable packaging solution
  • This region is experiencing a surge in the processed food sector due to changing lifestyles and dietary habits. This translates to a demand for innovative packaging solutions for processed agricultural products.

Global Agricultural Packaging MarketSegmentation Analysis

The Global Agricultural Packaging Market is segmented on the basis of Product Type, Material Type, Application, and Geography.

Agricultural Packaging Market, By Product Type

  • Pouches And Bags
  • Drums
  • Bottles And Cans
  • Others

Based on Product Type, the market is segmented into Pouches And Bags, Drums, Bottles And Cans, and Others. The product and bags segment is expected to dominate the market over the forecast period. Pouches and bags are essential components of agricultural packaging because they offer a variety of agricultural products safe, practical, and adaptable packaging options. They ensure the display and preservation of agricultural products throughout the supply chain by being flexible and accommodating to different product sizes and packaging specifications. Therefore promoting the expansion of the segment.

Agricultural Packaging Market, By Material Type

  • Plastic
  • Metal
  • Paper And Paperboard
  • Composite Materials
  • Others

Based on Material Type, the Market is segmented into Plastic, Metal, Paper And Paperboard, Composite Materials, and Others. The market is anticipated to be dominated by the plastics segment during the forecast period. The segment’s expansion is attributed to its affordability, durability, and lightweight design. However, over the course of the forecast period, the paper and paperboard category is anticipated to exhibit highest CAGR. owing to its ease in recycling and environmentally friendly nature.

Agricultural Packaging Market, By Application

  • Fertilizer
  • Pesticides
  • Seeds
  • Others

Based on Application, the market is segmented into Fertilizer, Pesticides, Seeds, and Others. The fertilizer segment is anticipated to lead the market. Fertilizers react adversely to heat, wetness, and air exposure, surging demand for innovative and efficient agricultural packaging solutions. In order to preserve the quality and effectiveness of the product, fertilizer packaging materials must offer sufficient protection against these factors. Packaging should have barrier qualities to stop nutritional loss or degradation, minimize exposure to light and oxygen, and prevent moisture infiltration. Thus, throughout the anticipated period, the market is growing at a large rate driven by the fertilizers segment.

Key Players

The “Global Agricultural Packaging Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Amphenol Corporation, Mondi Group, Proampac LLC, Pactiv LLC, NNZ Group, Sonoco Products Company, BAG Corporation, Greif, Inc., Flexpack FIBC, Amcor Limited, Anderson Packaging, Inc., LC Packaging International BVs, and Western Packaging.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Agricultural Packaging MarketRecent Developments

  • In February 2024, Mondi Group has expressed interest in signing partnership agreement with DS Smith to develop an industry leader in European paper-based sustainable packaging solutions.
  • In October 2023, Danimer Scientific, a leading bioplastics company, announced the commercialization of home compostable retail packaging for vegetables and fruit, developed in partnership with BIOLO and carrot producer Bolthouse Farms. The company is focused on the development and production of biodegradable materials.
  • In November 2023, Coveris introduced sustainable silage stretch films for agricultural market. They are designed to offer enhanced sustainable benefits and provide a new recyclable, flexible thermoforming film solution for application in medical packaging.
  • In November 2022, growing popularity of RTS packaging encouraged Sonoco to acquire Westrock. This will empower Sonoco to gain complete ownership of 14 converting operations, including 10 in the United States, 2 in Mexico, 2 in South America, and 1 paper mill in the United States.
  • In January 2021, Mondi declared the complete acquisition of Olmuksan, Turkish-based corrugated packaging manufacturer. With this acquisition, Mondi is likely to expand its presence in South-East Europe, fostering operational enhancements and paper integration upside.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Amphenol Corporation, Mondi Group, Proampac LLC, Pactiv LLC, NNZ Group, Sonoco Products Company, BAG Corporation, Greif, Inc.

SEGMENTS COVERED

By Product Type, By Material Type, By Application, and By Geography.

CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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