Agriculture Packaging Market Size by Product Type, Material, Application, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
Agriculture Packaging Market is expected to reach USD 7.21 Bn by 2030 from USD 5.06 Bn in 2023 at a CAGR of 5.2% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Agriculture Packaging Definition:
Agriculture Packaging is a type of packaging, which requires taking into consideration the product packed inside, food standards and rules, and regulations. The contact of harmful substances in direct contact with food must be avoided so the materials used for food packaging, handling, and storage is chosen very carefully.
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Agriculture Packaging Market Dynamics:
The food packaging business sector of developing countries derives its strength from the big volume of agricultural production, the steady growth in food commodities, and also the frequently increasing food demand fuelled by rising incomes. Business limitations that beset the packaging sector across developing regions embody restricted packaging solutions to fulfill international market necessities and also the little size of the domestic demand for packaging materials that consequently end up in low investment by the packaging business.
This, in turn, limits developing countries' ability to enhance product quality to meet standards of increasingly discriminating consumers, both in domestic and international markets. The need to reduce food waste throughout the FSCs to improve economic, environmental, and social performance is rising on the agenda of all involved companies for proper agricultural packaging.
As several merchandise exported are already processed at the point of origin, the demand for these to be pre-packaged in retail-friendly type is often a chance for the developing economies to take advantage of. Of the three main subsectors of the packaging trade (manufacturing, machinery, and service), there seems greatest potential to develop package production in developing countries, given the tendency to process nearer to the production assembly source and the convenience of paper and paper board packaging materials. On packaging machinery, creativity is arising with regionally designed equipment suited to local needs and conditions, which will facilitate the growth of the Global Agriculture Packaging Market development.
Initiatives towards the growth of packaging industries might return from improving traditional technologies or importing the new technologies replacing the old ones. However, a lot of relevant than the appropriateness and balance of the chosen mixture of methods, the success of those initiatives are going to be dependent on country’s enabling environment, each economic and political.
As packaging materials are not available in large quantities in developing countries, the relaxation in packaging regulations without sacrificing food safety concerns might assist the trade to develop. An example is permitting the use of recycled packaging materials after they create no downside of contamination. Such relaxation of packaging standards can facilitate the increased provision of supply of packaging materials while at the same time addressing food loss considerations thereby contributing to the growth of the Global Agriculture Packaging Market.
Huge losses from farm to the end user are attributed to poor handling, distribution, storage, and purchase/ consumption behaviour. Immense resources that could be well spent on more productive activities go into manufacturing and transporting goods that solely attend waste. Losses at nearly each stage of the food chain may be reduced by adoption of appropriate packaging.
Packaging is a necessary part of a long-run progressive development process to reduce losses, which will have to employ a blend of technologies and processes. The global food packaging industry incorporates not solely addressing food losses however conjointly in addressing food safety yet enhancing global food trade, which is a key to the economic development of varied economies.
Agriculture Packaging Market Segment Analysis:
The report groups the Global Agriculture Packaging Market in different segments by product type, material, barrier strength, application, and region to forecast the revenues and analyze the market share of each segment over the forecast period.
Based on Material, the Global Agriculture Packaging Market is segmented into Plastic, Metal, Paper and Paperboard, Composite materials, and others. The Plastic segment was dominant in 2023 and is expected to command a market share of xx% by 2030. Plastics is a material, which is chemical-resistant, inexpensive, and lightweight with a wide range of properties. The specific properties of the packaging are determined by the nature of the particular polymers used.
The main disadvantages of plastics are its variable permeability to light, gas, vapor, and low molecular weight molecules also the high risk that substances will migrate into the food product. Though plastics are made from non-renewable oil resources, plastic packaging can be both recycled and made using recycled material. However, its use for food contact applications especially for organic food should be avoided. Polyolefin is a combination of polyethylene (PE) and polypropylene (PP), the highly used plastics in food packaging. Paper and board packaging are also used, which can be relatively inexpensive and can have a good printing surface for graphics. Paper is used for wrappings inner packages and outer wraps of food products, folding cartons or micro corrugated fibreboard boxes used as consumer packs and corrugated fibreboard (CFB) cartons used as the secondary packs in food packaging.
Based on Product type, the Global Agriculture Packaging Market is segmented into Pouches, bags & sacks, drums/ containers, bottles & cans, and others. Jar packaging is used for sauces and pickles based on acetic acid, which is a good packaging option for asparagus and mushrooms also. It has seen high growth in cooking sauces of the kind used for pasta and rice dishes. It has been extended to other areas like ready meals. The use of cans is very common for packaging and protecting the food.
All food including dried goods can be canned and the most common applications are fruit juices, fruit in syrup, tomatoes, and vegetables packaging. In packaging decorative cans are also used for organic spices and proprietary blends and herbs for ancient appearance with contemporary style to the packaging.
Agriculture Packaging Market Regional Insights:
Asia Pacific is expected to command the largest market share of xx% by 2030
In Asia Pacific the foremost contributors for the growth of agricultural packaging are the developing economies of China and India, which fuel increasing demand for food supplies and thereby increase demand packaging in the region. In the same manner, the sub-region of Southeast Asia has been experiencing a boost in the processed food industry owing to the modern lifestyle and food needs of its inhabitants.
Developing Economies in APAC contribute substantially to the production of agricultural foods like cereals, roots and tubers, oilseeds and pulses , fruits and vegetables, animal products, as well as fish, contributing 50–70% to the world total production. The large volume of production in the agricultural food sector in the Asia Pacific, therefore, offers a potentially huge market for investment for the international packaging industry, packaging being an important element within the value chain of agricultural food products.
In the Middle East and Africa, access to the market of the US and Europe are triggering the expansion of the packaging industry. Reduced reliance on their oil industry, coupled with the need to develop other industries for economic survival, is the main factor boosting the Middle East’s packaging industry. This is additionally assisted by international trade policies favoring the export of Middle East products to developed countries, which then leads to increased demand for packaging products and technologies.
The objective of the report is to present a comprehensive analysis of the Global Agriculture Packaging Market to the stakeholders in the industry. The past and current status of the industry with forecast market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Agriculture Packaging Market dynamics, structure by analyzing the market segments and projects the Global Agriculture Packaging Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Agriculture Packaging Market make the report investor’s guide.
Agriculture Packaging Market Scope: Inquire before buying
| Agriculture Packaging Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2030 | Market Size in 2023: | USD 5.06 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 5.2% | Market Size in 2030: | USD 7.021 Bn. |
| Segments Covered: | by Product Type | Pouches Bags & Sacks Drums/Containers Bottles & Cans Others |
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| by Material | Plastic Metal Paper & Paperboards Composite Materials Others |
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| by Application | Chemical pesticides Chemical fertilizers Biologicals |
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Agriculture Packaging Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Leading Players in the Agriculture Packaging Market are:
1. DuPont de Nemours Inc.
2. Mondi Group
3. Amcor plc
4. BAG Corporation
5. Silgan Holdings Inc.
6. Packaging Corporation of America
7. Bemis Company Inc.
8. BW Flexible Systems
9. Epac Holdings LLC.
10. Greif Inc.
11. JenJil Packaging Inc.
12. Kenvos Biotech Co. Ltd
13. LC Packaging International Bv
14. NNZ Group
15. Parakh Group
16. Proampac LLC
17. Purity Flexpack Ltd.
18. Rebelo Agricultural Group
19. Sonoco Products Company
Frequently Asked Questions:
1. Which region has the largest share in Global Agriculture Packaging Market?
Ans: Asia Pacific region held the highest share in 2023.
2. What is the growth rate of Global Agriculture Packaging Market?
Ans: The Global Agriculture Packaging Market is growing at a CAGR of 5.2% during forecasting period 2024-2030.
3. What is scope of the Global Agriculture Packaging Market report?
Ans: Global Agriculture Packaging Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Agriculture Packaging Market?
Ans: The important key players in the Global Agriculture Packaging Market are – DuPont de Nemours Inc., Mondi Group, Amcor plc, BAG Corporation, Silgan Holdings Inc., Packaging Corporation of America, Bemis Company Inc., BW Flexible Systems, Epac Holdings LLC., Greif Inc., JenJil Packaging Inc., Kenvos Biotech Co. Ltd, LC Packaging International Bv, NNZ Group, Parakh Group, Proampac LLC, Purity Flexpack Ltd., Rebelo Agricultural Group, and Sonoco Products Company.
5. What is the study period of this Market?
Ans: The Global Agriculture Packaging Market is studied from 2023 to 2030.
