The latest report by IMARC Group, titled “Agricultural Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global agricultural packaging market size reached US$ 24.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Agricultural packaging involves the packaging and storing of various products such as fertilizers, pesticides, and seeds. Common agriculture packaging types include bottles, cans, drums, trays, silo bags, bulk bags, and clamshells produced using metal, glass, paperboard, jute, polypropylene (P.P.), high-density polyethylene (HDPE), and low-density polyethylene (LDPE). They provide sufficient ventilation and protection for the contents to prevent spoilage during the post-harvest treatment production process, storage, and transportation and eliminates unnecessary wastage of foods. In addition, these materials facilitate branding and labeling, help to increase the shelf life of the products, and enable temperature control within the packaging. They also enclose, protect, or preserve agricultural products for distribution, storage, use, and sale for short and long-term stability between consumers and farmers.
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Agricultural Packaging Market Trends and Drivers:
The market is primarily driven by the expanding agriculture industry. In addition, the growing population, the increasing demand for food, the rising trade of agricultural products, and several import and export activities that use agricultural packaging products to safely transport harvest shipments across various regions are contributing to the market growth. Moreover, the widespread adoption of agricultural packaging for agrochemicals and biologicals to prevent pest attacks and minimize the risk of storing, handling, and transporting agrochemicals to extend their shelf life represents another major growth-inducing factor. Additionally, the increasing use of flexible packaging products such as bag-in-box and pouches to store these products safely and reduce their exposure to toxic pesticides and fertilizers is influencing the market growth. Besides this, the introduction of innovative packaging materials that are sustainable and have temperature adjustment properties is accelerating the product adoption rate. Along with this, the escalating demand for bulk bags for regional and international transportation due to their reliability, durability, and affordability that arrive in the best condition and with minimal damages is propelling the market growth. These products create a barrier against air and moisture, preventing the contents from deteriorating. Apart from this, the agricultural packaging market is growing at different rates in numerous regions, with the Asia Pacific being one of the largest agricultural packaging markets due to the growing population and rising demand for food. Moreover, the industry is expected to face competition in the upcoming years as various key players are implementing competitive strategies to sustain their presence in the market. For instance, in January 2021, K.M. Packaging collaborated with Treetop Biopak, a specialist in compostable packaging solutions, to develop bio-plastic products. K. M packaging also introduced a new range of compostable products, such as stretch wrap, netting, shrink wrap, sticky tape, and bags. Furthermore, the extensive research and development (R&D) efforts in the packaging industry are also creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Material Type:
- Plastic
- Flexible Plastic
- Rigid Plastic
- Metal
- Paper and Paperboards
- Composite Materials
- Others
Breakup by Product:
- Pouches and Bags
- Drums
- Bottles and Cans
- Others
Breakup by Barrier Strength:
- Low
- Medium
- High
Breakup by Application:
- Food Products
- Fertilizers, Pesticides and Biologicals
- Others
Breakup By Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape With Key Players:
- Amcor Group GmbH
- Bemis Company, Inc.
- Sonoco Products Company
- Greif, Inc.
- Mondi plc
- LC Packaging International BV
- Flex-Pack
- NNZ BV
- Silgan Holdings Inc.
- ProAmpac Intermediate, Inc.
- Purity Flexpack Limited
- ePac Holdings, LLC.
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