Global Agricultural Packaging Market, 2023 by Material, Product, Barrier Strength, Application, and Region
DUBLIN, May 29, 2018 /PRNewswire/ --
The "Agricultural Packaging Market by Material (Plastic, Metal, Paper & Paperboard, Composites), Product (Pouches & Bags, Drums, Bottles & Cans), Barrier Strength (Low, Medium, High), Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The agricultural packaging market is estimated at USD 3.93 Billion in 2018, and is projected to reach USD 5.02 Billion by 2023, at a CAGR of 5.00%.
The agricultural benefits associated with these packaging solutions are the major factors contributing to the growth of this market, globally.
The agricultural packaging market is a relatively small sector of the industrial packaging market; significant evolution has been observed with regard to the packaging of chemical pesticides and fertilizers. Regulatory guidelines and R&D are the major factors that have been fueling the growth of this market. Application of PET and HDPE plastics for the confinement of pesticides revolutionized the agrochemical packaging industry. Increasing need for effective storage and transport of pesticides and fertilizers and rising demand for longer shelf life of these products are the driving factors for the steady growth of this market.
Chemical pesticides and fertilizers are the major applications of agricultural packaging targeted by companies. Owing to the increasing ban on chemical pesticides in major countries, there is immense scope and an increasing need for the development of agricultural packaging for fertilizers. The reduced development cost and time associated with packaging solutions for these agrochemicals, high demand for pest resistance across the globe, and advent of biodegradable packaging solutions in the market are propelling the market growth.
The agricultural packaging market, based on product, has been segmented into pouches & bags, bottles & cans, drums, and others which include sacks, tubes, and jars. The application of pouches & bags in agrochemical packaging has increased in terms of dry/solid formulations of fertilizers and pesticides as these provide higher safety against transportation losses in a sustainable manner. Plastic materials, such as polyethene, are easily available; hence, they are highly preferred on a wide scale by agrochemical manufacturers owing to their low cost. The application of pouches & bags for packaging in agriculture is expected to increase with the rise in the number of solid/dry formulation agrochemical product launches by major players.
Plastics are the mostly widely adopted packaging material for pesticides and fertilizers in either rigid or flexible form. The factors supporting the increasing adoption of plastic in this market are that they are lightweight, strong, and economical to manufacture. It is for these reasons that they are widely used in packaging when compared to paperboard, metal, and glass packaging materials. The market for plastic in agricultural packaging is thus estimated to dominate the global market in 2018.
The agricultural packaging market, in terms of barrier strength, was dominated by the medium-barrier strength materials. These materials are extensively preferred by end-use farmers and the agrochemical manufacturers, as they are a perfect balance between cost-effective packaging solutions and mid-level barrier properties, which are the best blend for the packaging of agrochemicals. Medium-barrier solutions deliver moderate levels of moisture barrier, heat resistance, gas permeability, and oxygen barrier as well as easy handling and molding properties.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Agricultural Packaging Market
4.2 Market For Agricultural Packaging, By Application & Region, 2017
4.3 Asia Pacific: Agricultural Packaging Market, By Barrier Strength & Country, 2017
4.4 Market For Agricultural Packaging, By Product & Region, 2017
4.5 Market For Agricultural Packaging Share: Key Countries
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Increased Production and Consumption of Fertilizers
5.2.2 Increase in Consumption of Pesticides
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increased Trade of Agrochemicals
5.3.1.2 Increased Shelf Life of Agrochemicals and Biologicals
5.3.2 Restraints
5.3.2.1 Volatility in Raw Material Prices for Plastic Packaging
5.3.3 Opportunities
5.3.3.1 Increased Focus on Developing Efficient and Environment-Friendly Packaging
5.3.3.2 Stringent Environmental Regulations Promoting the Development of Sustainable Packaging Solutions
5.3.4 Challenges
5.3.4.1 Recycling and Environmental Concerns
6 Agricultural Packaging Market, By Material
6.1 Introduction
6.2 Plastic
6.2.1 Rigid
6.2.2 Flexible
6.3 Metal
6.4 Paper & Paperboard
6.5 Composites
6.6 Other Materials
7 Agricultural Packaging Market, By Barrier Strength
7.1 Introduction
7.2 Medium
7.3 High
7.4 Low
8 Agricultural Packaging Market, By Application
8.1 Introduction
8.2 Chemical Pesticides
8.3 Chemical Fertilizers
8.4 Biologicals
9 Agricultural Packaging Market, By Product
9.1 Introduction
9.2 Pouches & Bags
9.3 Drums
9.4 Bottles & Cans
9.5 Others
10 Agricultural Packaging Market, By Region
11 Competitive Landscape
11.1 Overview
11.2 Company Rankings
11.3 Competitive Scenario
11.3.1 Mergers & Acquisitions
11.3.2 Expansions & Agreements
11.3.3 New Product Launches
12 Company Profiles
12.1 Amcor Limited
12.2 Bemis Company, Inc.
12.3 Sonoco Products Company
12.4 Mondi Group
12.5 Packaging Corporation of America
12.6 Greif, Inc.
12.7 NNZ Group
12.8 LC Packaging International Bv
12.9 Silgan Holdings, Inc.
12.10 Proampac LLC
12.11 Flex-Pack
12.12 Purity Flexpack Ltd.
12.13 Epac Holdings, LLC.
12.14 Kenvos Biotech Co., Ltd
12.15 Parakh Group
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