The global agriculture packaging market, valued at US$ 6,478.3 million in 2022, is set to witness steady growth. Predicted to reach US$ 6,831 million by the end of 2023 with a Y-o-Y growth rate of 5.4%, the industry is on a trajectory to expand further, projecting a CAGR of 5.3% from 2023 to 2033, ultimately reaching a valuation of US$ 11,449.1 million by 2033.
This growth is driven by the imperative need for efficient supply chains, which can reduce food waste, particularly during storage and transportation in emerging countries. Agriculture packaging not only safeguards contents but also aligns with the growing demand for food, increased fertilizer and pesticide use, and enhanced shelf life of agrochemicals, contributing to market stability and progress.
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Agricultural packaging manufacturers are increasingly focusing on offering sustainable packaging solutions including bags, pouches, and bottles to consolidate their footprint. The industry will continue showcasing a steady rate of growth, especially on account of expansion of the e-commerce sector globally.
Apart from this, the surging adoption of agrochemicals will give tailwinds to the sales of agricultural packaging.
Among various products, the bags/bins and pouches segment is forecast to grow at over 5.8% cumulatively over the forecast period, accounting for over 70% of market share in 2021. Meanwhile, in terms of materials, the plastic agriculture packaging segment will gain traction in the industry due to easy availability of plastics.
Business Growth Opportunities:
- Sustainable Packaging Solutions: The demand for eco-friendly and sustainable packaging materials is growing, presenting an opportunity for the agriculture packaging market to develop innovative, biodegradable, and compostable packaging options.
- Technological Advancements: Integration of advanced technologies such as smart packaging and IoT-enabled solutions can enhance traceability, shelf-life monitoring, and quality control, providing a growth avenue for companies in the agriculture packaging sector.
- Globalization and Export Markets: As agricultural products are increasingly traded on the global market, there is a rising need for robust packaging solutions that ensure the safe transportation and preservation of perishable goods, creating opportunities for packaging companies to expand internationally.
- Customization and Branding: Offering customizable packaging solutions to meet the specific needs of different crops and products, along with providing branding opportunities for farmers and producers, can be a key growth driver in the agriculture packaging market.
- Collaboration with Agribusiness: Forming strategic partnerships with agribusinesses and agricultural producers can lead to integrated supply chain solutions, enabling packaging companies to offer comprehensive services from farm to market.
Trends in Agriculture Packaging Industry:
- Biodegradable and Compostable Materials: There is a noticeable shift towards the use of biodegradable and compostable packaging materials in the agriculture sector, driven by increasing environmental awareness and regulations promoting sustainable practices.
- Smart Packaging and IoT Integration: The adoption of smart packaging solutions, including RFID tags and sensors, is on the rise to enable real-time monitoring of product conditions such as temperature, humidity, and freshness throughout the supply chain.
- Reduced Plastic Usage: In response to environmental concerns, there is a growing trend towards reducing the reliance on traditional plastic packaging. Alternatives such as bio-based plastics and other sustainable materials are gaining traction.
- E-commerce Packaging Solutions: With the increasing trend of online grocery shopping, there is a demand for packaging solutions that cater to the specific requirements of e-commerce, such as compact packaging, easy handling, and product protection during transportation.
- Focus on Food Safety and Quality: Stringent regulations and consumer demand for safe and high-quality food products are driving the adoption of packaging solutions that maintain the integrity of agricultural products, preventing contamination and ensuring freshness from farm to table.
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Key Drivers
- Increasing demand for effective storage and transport of pesticides and fertilizers is supporting the market growth.
- Adoption of agrochemicals and biologicals is driving the growth of the agricultural packaging industry.
- Increasing preference for e-commerce retailing is significantly contributing towards agricultural packaging sales.
Key Companies Profiled
- Bemis Company, Inc.
- Sonoco Products Company
- Mondi Group
- LC Packaging International BV
- Packaging Corporation of America
- H.B. Fuller Company
- Atlantic Packaging
- NNZ Group
- Parakh Agro Industries Ltd
- International Paper Company
- DS Smith Plc
- Smurfit Kappa Group Plc
- KapStone Paper and Packaging Corp.
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Key Segments:
Product Type:
- Pouches
- Bags/Bins
- Silo Bags
- Clamshells
- Bottle
- Trays
- Bulk Containers
- Others
Material Type:
- Plastic
- Rigid
- Flexible
- Paperboard
- Corrugated Board
- Glass
- Jute
- Others
Barrier Type:
- Low-barrier
- Medium-barrier
- High-barrier
Application:
- Seeds & Pesticides
- Silage
- Food Grains
- Vegetables & Fruits
Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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