Agriculture Packaging Market Overview
The Agriculture Packaging Market size was valued at US$ 5.33 Bn in 2023. The Global Agriculture Packaging Market is estimated to grow at a CAGR of 5.56% over the forecast period.
The act of wrapping or enclosing agricultural products in a suitable material that will protect them as they are carried from farms to markets and exhibited for consumers to buy is known as packaging. Agricultural packaging is important because it protects agricultural products while also extending their shelf life. Every day, for example, hundreds of pounds of edible food are wasted owing to inadequate supply chain management. The Global report on the Agriculture Packaging Market is provided with the segment analysis on the basis of material, product and region.
Market Forecast and Key Dynamics:
Consumers like flexible packaging, there is a growing need for it. According to the Flexible Packaging Association, more than 60% of North American consumers are willing to pay for benefits such as product protection, supply chain efficiency, and shipping friendliness, among others. Plastics, both inflexible and flexible, are the most widely used packaging medium for pesticides and fertilisers. One of the factors pushing plastics rising appeal in this area is its frivolous, durable, and cost-effective manufacture. In contrast to paperboard, metal, and glass packaging materials, they are widely used in packaging for these reasons. The increased demand for plastic packaging due the great effective advantages is expected to drive agriculture packaging market growth.
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Agriculture Packaging Market Regional Insights
The Asia Pacific region dominated the agriculture packaging market with a 38.2% share in 2023. The rising economies of China and India, which feed the increasing demand for food supply and hence raise demand packaging in the region, are the leading contributors to the expansion of agricultural packaging in the Asia Pacific. Similarly, due to its resident’s modern lifestyles and food requirements, the Southeast Asian sub-region has seen a surge in the processed food sector. APAC’s developing economies contribute significantly to the production of agricultural foods like cereals, roots and tubers, oilseeds and pulses, fruits and vegetables, animal products, and seafood, accounting for 50–70% of global total production. As a result of the vast amount of production in the agricultural food sector in the Asia Pacific, the worldwide packaging industry has a potentially huge investment market, as packaging is a key component of the value chain of agricultural food products.
Agriculture Packaging Market Segmentation
Plastic’s increasing use in this market can be attributable to its lightweight, sturdy, and cost-effective manufacturing characteristics, which are boosting demand for this segment. Flexible plastics and stiff plastics are two types of plastics that can be found in the market. Plastic is widely used in the packaging of insecticides and fertilisers. Because low-cost raw materials like polythene are readily available, the plastic segment is expected to grow during the forecast period.
Agriculture Packaging Market Key Players
Amcor Limited (Australia)
Bemis Company, Inc. (US)
Sonoco Products Company (US)
Greif Inc. (US)
Mondi Group (South Africa)
Packaging Corporation of America (US)
NNZ Group (Netherlands)
LC Packaging International BV (Netherlands)
Silgan Holdings, Inc. (US)
Proampac LLC (US)
Flex-Pack (US)
Purity Flexpack Limited (India)
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/Agriculture-Packaging-Market/458
Key questions answered in the Agriculture Packaging Market are:
- What is Agriculture Packaging?
- What was the Agriculture Packaging market size in 2023?
- What is the growth rate of the Agriculture Packaging Market?
- Which are the factors expected to drive the Agriculture Packaging market growth?
- What are the different segments of the Agriculture Packaging Market?
- What growth strategies are the players considering to increase their presence in Agriculture Packaging?
- What are the upcoming industry applications and trends for the Agriculture Packaging Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Agriculture Packaging Market?
- What segments are covered in the Agriculture Packaging Market?
- Who are the leading companies and what are their portfolios in Agriculture Packaging Market?
- What segments are covered in the Agriculture Packaging Market?
- Who are the key players in the Agriculture Packaging market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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