Industry Background:
Agricultural packaging is the packaging involved in agricultural products such as fertilizers, pesticides, and other crop inputs. There are a variety of products, including pouches & bags, drums, bottles & cans, others (clamshells, trays, and others) are used for packaging as per requirement. Materials such as plastic (rigid, and flexible), metal, paper & paperboards, composite materials, and others are used for agricultural packaging. Agricultural packaging provides ventilation of heat and rises the cooling rate of package’s content. During transit & handling, agricultural packaging also adverts probable injury to produce packaging contents. Furthermore, the rise in urbanization along with continuous growing population across the globe is expected to create huge pressure on the overall food production resultant in high demand for efficient & cost effective agricultural packaging solutions.
According to AMA, the market for Agricultural Packaging is expected to register a CAGR of 5.4% during the forecast period to 2026. This growth is primarily driven by Growing Trade of Agrochemicals and Improved Shelf Life of Agrochemicals & Biologicals.
The Paper Packaging sector in the Asia-Pacific 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 Amcor Limited (Australia), Bemis Company, Inc. (United States), Greif, Inc. (United States), Mondi Group (Austria), Packaging Corporation of America (United States), NNZ Group (The Netherlands), LC Packaging International B.V (The Netherlands), ProAmpac LLC (United States), Kenvos Biotech Co., Ltd. (China) and Crown Holdings Incorporated (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.
Market Drivers
- Growing Trade of Agrochemicals
- Improved Shelf Life of Agrochemicals & Biologicals
Market Trend
Restraints
- Fluctuating Raw Material Prices for Plastic Packaging
Opportunities
Growing Focus on Development of Efficient & Environment-Friendly Packaging and Strict Environmental Regulations Encouraging the Development of Sustainable Packaging
Challenges
Recycling & Environmental Concerns
AMA Research follow 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 mostly 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include 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, Agricultural Packaging Study Sheds Light on
The Agricultural Packaging Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Agricultural Packaging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Agricultural Packaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.