Agricultural Packaging Market to Register Steady Growth during 2031

Agricultural Packaging Market to Register Steady Growth during 2031

Report Description

A recent market intelligence report that is published by Data Insights Partner on Agricultural Packaging Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international ABC Market. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Agricultural Packaging Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Agricultural Packaging Market is offered.

 

Market Insights:

In accordance with the report, the Agricultural Packaging Market is projected to expand at a CAGR of X.X% over the period of forecast.  The global Agricultural Packaging Market was valued at USD XX.X Mn in 2021 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. The agricultural packaging business is a tiny part of the overall industrial packaging market, although there has been significant change in the packaging of chemical pesticides and fertilisers. The primary reasons that have been supporting the expansion of this market are regulatory requirements and R&D. The use of PET and HDPE plastics for pesticide containment transformed the agrochemical packaging industry. Increasing need for effective storage and transport of pesticides and fertilizers and rising demand for longer shelf life of these products are the driving factors for the steady growth of this market. Plastics, both rigid and flexible, are the most extensively used packaging medium for insecticides and fertilisers. The lightweight, sturdy, and cost-effective manufacturing of plastics is one of the elements driving their increased acceptance in this market. They are extensively utilised in packaging for these reasons, as opposed to paperboard, metal, and glass packaging materials. As a result, the global market for plastic in agricultural packaging is expected to dominate in 2022. In the agricultural packaging industry, Asia Pacific is expected to have the greatest market share in 2020, followed by North America over the next five years. Growing agrochemical trade opportunities around the world, particularly in countries like China, India, the United States, and Canada, are important drivers driving these regions' rapid growth. Agricultural packaging for fertilisers is predicted to enhance Europe's development rate, as the region's economy has been stifled by increasing rules on chemical pesticide use and maximum residue limits.  The volatility in raw material prices, as well as the recycling of old and discarded packaging materials, are the key issues limiting the growth of the agricultural packaging business. Petroleum and crude oil, for example, are used to make plastics. The sector faces a huge issue in balancing the pricing of packaging products due to the high volatility of oil prices.

 

Research Methodology:

To compile the detailed study of the global Agricultural Packaging market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Agricultural Packaging Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Agricultural Packaging Market.

 

COVID-19 Scenario Analysis:

The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Agricultural Packaging market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.

 

Segment Covered:

 Agricultural Packaging Market report has been segmented By Product Type, By Application Type, By Barrier Strength, By Material Type and geography also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2021 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

Key Segments:

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 Agricultural Packaging Market research report includes an in-depth coverage of the industry with estimates & forecast from 2021 to 2031, for the following segments:

 

Agricultural Packaging Market, By Product Type, 2021-2031 (USD Million)

 

  • Pouches and Bags
  • Drums
  • Bottles and Cans
  • Others

 Agricultural Packaging Market, By Application Type, 2021-2031 (USD Million)

 

  • Chemical Pesticides
  • Chemical Fertilizers
  • Biologicals

Agricultural Packaging Market, By Barrier Strength, 2021-2031 (USD Million)

 

  • Low
  • Medium
  • High

Agricultural Packaging Market, By Material Type, 2021-2031 (USD Million)

 

  • Plastic
  • Metal
  • Paper and Paperboards
  • Composite Materials
  • Others

Report Highlights:

The prime objective of the Agricultural Packaging market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report's production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.

 Agricultural Packaging Market, By Region, 2021-2031 (USD Million)

 

  • North America ( United States, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
  • South Asia ( India, Pakistan and Bangladesh)
  • East Asia (China, Japan and South Korea)
  • South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
  • Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
  • Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
  • South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
  • Oceania (Australia and New Zealand)   

 

Companies Profiled:

To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Agricultural Packaging market:

  • Amcor Limited
  • Bemis Company Inc.
  • Sonoco Products Company
  • Greif Inc.
  • Mondi Group
  • LC Packaging International BV
  • Flex-Pack
  • NNZ Group
  • Silgan Holdings Inc.
  • Proampac LLC
  • Purity Flexpack Limited
  • Epac Holdings LLC
  • Others

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 Agricultural Packaging Market Report Highlights:

  • Detailed analysis of the parent market
  • Key players' strategies and products supplied in the competitive landscape
  • Market segmentation in depth analysis
  • Market size in terms of volume and value, past, present, and future scenario
  • Potential and specialty areas, as well as geographical regions with promising growth prospects
  • Market players use this information to maintain and expand their market presence, thus it's important to have an unbiased perspective on market performance.