Agricultural Packaging Market

The global Agricultural Packaging Market is valued at USD 4.74 Billion in 2022 and is projected to reach a value of USD 7.13 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.3% between 2023 and 2030.

Premium Insights

The Agricultural Packaging market development and growth are being propelled by e-commerce, digital printing, and sustainability. Customers are displaying a growing willingness to pay additional charges for specific product qualities, which are enhanced by flexible packaging. For instance, as per the data provided by the Flexible Packaging Association, over 60% of consumers in North America are enthusiastic about paying extra for tangible and practical advantages offered by packaging, such as safeguarding the product, being conducive to shipping, and facilitating effective supply chain management, among other benefits. In order to reinforce the storage and supply chain of the agricultural sector, numerous countries declared a surplus during the pandemic. For instance, the Indian Government revealed an extraordinary package worth INR 1 lakh crore, equivalent to approximately USD 13.5 billion, to enhance agricultural infrastructure. These initiatives are expected to greatly enhance market expansion after the pandemic.

• The increasing demand for advanced packaging solutions highlights the industry's dedication to innovation and expanding its capacity to meet the changing needs of clients in the Agricultural Packaging sector. For instance, Amcor revealed plans to establish an advanced manufacturing facility in Huizhou, China in January 2023. With a sprawling space of 590,000 square feet, this is the biggest flexible packaging plant in China in terms of production capacity. Valued at around USD 100 million, this investment will significantly augment Amcor's capability to meet the escalating client requirements across the Asia Pacific region.
• Europe generated more than 35.8% of revenue share in 2022
• Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
• Plastic segment accounted for the largest market growth. It contributed over 55.2% of the total revenue share in 2022
• Pouches & bags segment revealed the most significant market growth, contributing more than 40.5% of the total revenue share in 2022
• Chemical fertilizers will account for largest market share of 34.9% in 2022

Economic Insights

The trajectory of the Agricultural Packaging market is influenced by a combination of factors including increasing global population and its higher demand for food, which leads to a need for more storage, transportation, and protection of agricultural products. Urbanization also contributes to this growth as urban areas prefer packaged food and require strong packaging solutions. Governments recognize the significance of the agricultural packaging industry and provide support, which fosters market growth. Economic indicators, trade policies, and environmental concerns also impact packaging practices by encouraging a shift towards sustainable solutions.

Top Market Trends

• Increasing demand for eco-friendly packaging: The escalating environmental concerns have led to a rise in the demand for eco-friendly packaging. There is a significant shift towards utilizing packaging materials that are recyclable, biodegradable, and renewable.
• Adoption of smart packaging and modified atmosphere packaging (MAP): Advanced packaging technologies such as smart packaging and MAP are being embraced to minimize post-harvest losses and extend shelf life. Furthermore, the integration of technology is being utilized to improve the functionality and effectiveness of packaging.
• Growing agricultural products: Increasing global efforts are being made to meet the rising demand for food, raw materials, and bioenergy driven by population growth, as indicated by the growing trend in agricultural product production. This entails expanding cultivation, employing advanced technologies for improved yields, and tackling challenges related to food security and economic development.
• Increasing urbanization is leading to a growing demand for packaged food: As more individuals move to urban areas, their lifestyles and eating habits change, resulting in a greater reliance on convenient and prepackaged food. Urbanization leads to busier lives, creating a need for easily accessible, portable, and long-lasting food items.

Market Segmentation

Agricultural Packaging The global Agricultural Packaging market can be categorized into Material , Product , Application, Barrier Strength, Region. The Agricultural Packaging market can be categorized into Plastic , Metal , Paper & paperboards , Composite materials , Others (glass,nanomaterials, and jute) based on Material . The Agricultural Packaging market can be categorized into Pouches & bags, Drums, Bottles & cans, Others (sacks,tubes and jars) based on Product . The Agricultural Packaging market can be categorized into Chemical pesticides, Chemical fertilizers, Biologicals based on Application. The Agricultural Packaging market can be categorized into Low, Medium, High based on Barrier Strength. The Agricultural Packaging market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

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Based on Material

Plastic holds the largest share

Plastic holds the largest market share in Agricultural Packaging due to its exceptional qualities. It is a lightweight, long-lasting, and cost-effective material that can be used in various ways to package agricultural products, such as fresh produce, grains, seeds, and fertilizers. Plastic can be easily customized to meet specific requirements for different products and markets. It plays a critical role in extending the shelf life of fresh produce and protecting items during transportation.

Based on Product

Pouches & bags will dominate the market during Forecast Period

Pouches and bags are expected to dominate the Agricultural Packaging market because these packaging solutions are lightweight, durable, cost-effective, and incredibly versatile, allowing for the packaging of a wide variety of agricultural products such as fresh produce, grains, seeds, and fertilizers. Pouches and bags are crucial in preserving the freshness of perishable goods and protecting products during transportation, which makes them highly sought after in the agricultural industry.

Based on Application

Chemical fertilizers will account for largest share

Chemical fertilizers are expected to have the largest share in the 2022 because they are commonly used in agriculture to improve crop yield and quality. They usually come in large bags or sacks that require packaging solutions that are sturdy and can resist moisture. It is crucial to have packaging that prevents leaks and spills due to the potential dangers of mishandling and improper storage of these fertilizers.

Based on Region

Asia Pacific will lead the market

Asia Pacific is expected to dominate the Agricultural Packaging market. The region's large population is continuously growing, leading to an increased demand for food and subsequently an increased need for agricultural packaging. Additionally, urbanization in the region is resulting in a higher demand for packaged food, further driving the need for agricultural packaging solutions. Furthermore, government support for the agricultural sector, including the agricultural packaging industry, is becoming more prominent in the region, contributing significantly to the growth of the agricultural packaging market. Key countries such as China, India, Japan, South Korea, and Indonesia, which have large agricultural sectors and consume substantial amounts of agricultural products, are playing crucial roles in propelling the growth of the Agricultural Packaging market in Asia Pacific.

Competitive Landscape

The Agricultural Packaging market is highly competitive, with various global and regional players striving to establish themselves in an ever-changing industry. Well-known multinational companies rely on their distribution networks, brand recognition, and research and development capabilities to maintain their market dominance. Technological advancements, sustainability initiatives, and the demand for more efficient and eco-friendly packaging solutions drive the industry's competitiveness. The Agricultural Packaging market is highly influenced by consumer preferences, regulatory changes, and sustainability standards, intensifying the competition as companies strive to meet market demands and trends.

The players in the global Agricultural Packaging market include LC Packaging International BV, Silgan Holdings, Inc., Proampac LLC, Flex-Pack, Amcor Limited, Bemis Company, Inc., Sonoco Products Company, Greif Inc., Mondi Group, Packaging Corporation of America, NNZ Group, Purity Flexpack Limited, Epac Holdings LLC, Kenvos Biotech Co., Ltd., Parakh Group among others.

Recent Market Developments

• 2022: The acquisition of Canadian agricultural supplies company Agri-Flex by Zeus, a packaging solutions firm with Irish ownership, marks a significant step forward in their investment strategy of EUR 35 million (almost USD 36.88 million). This strategic move solidifies Zeus as a leading global distributor of agricultural crop packaging products.
• 2022: Plug and Play Topeka, a global innovation platform and accelerator, announced that StenCo LLC and Cargill Inc. will enter into a partnership. StenCo specializes in eco-friendly and biodegradable packaging, and through this collaboration, they will work together to create a biodegradable barrier that prevents oxygen from reaching a range of Cargill products.

Segmentation of the Global Agricultural Packaging Market