Industry Background:
The agriculture packaging industry sector is booming rapidly, its major strength is from the large volume of agricultural production, the stable growth in food commodities, and the continual enhancement of the food demand fuelled by an increase in incomes. Previously, the agriculture industry witnessed limited packaging solutions to meet international market requirements. Agriculture packaging is now moving towards a new level of importance because of the increase in the ratio of wasted food during the production process, storage transportation. This increases the importance of the agriculture packaging business in rapid manners. The leading categories of packaging are adopted by the agriculture industry are flexible intermediate bulk containers, fiberboard, clamshell, packaging, and many others.This growth is primarily driven by The Rise in Trade of Agrochemicals
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Paper Packaging sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Sonoco Products Company (United States), Mondi Group (South Africa), Silgan Holdings, Inc. (United States), NNZ Group (The Netherlands), Amcor Limited (Australia), Bemis Company, Inc. (United States), Greif, Inc. (United States), Packaging Corporation of America (United States), ProAmpac LLC (United States) and Flex-Pack (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2021, Silgan Holdings Inc. a leading supplier of sustainable rigid packaging solutions for consumer goods products, announced that it has acquired Unicep Packaging. As a Specialty Contract Manufacturer and Developer (SCMD) solutions provider, this business develops, formulates, manufactures, and sells precision dosing dispensing packaging solutions, such as diagnostic test components, oral care applications, and skin care products, primarily for the health care, diagnostics, animal health, oral care, and personal care markets.
In Jul 2020, Dole Foods known as the leading producer of food and vegetables uses the inedible parts for fruits and vegetables. Through this initiative, the company is getting rid of fossil-based packaging. By this the company it's competent in the market.The market is witnessing huge growth in the market, to capture these market growth opportunities the market players are heavily investing in technology development, and research and development activities. By looking at the huge growth in this market the market-leading players are highly focusing on production technologies, efficiency enhancement, and product life. With the growing demand in the market, many new players are entering this industry.
Influencing Trend:
Increase Investment in Research and Development Activities and Growing Demand for the Biodegradable Packaging
Market Growth Drivers:
The Rise in Trade of Agrochemicals and Enhancement of the Product Life of Agrochemicals and Biologicals
Challenges:
Recycling and Environmental Concerns
Restraints:
Instability in Raw Material Prices for Plastic Packaging
Opportunities:
An increasing number of agricultural products are exported to developed countries are already processed at the point of origin, along with the growing demand for recycled packaging form is on the rise and this is an opportunity for the developing economies to take advantage of.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Agriculture Packaging Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Agriculture Packaging Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Agriculture Packaging players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Agriculture Packaging Study Sheds Light on
The Agriculture Packaging Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Agriculture Packaging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Agriculture Packaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.