The global farming sack and tote market is poised for significant growth, with projections estimating its value to reach USD 14.3 billion in 2024 and expand to USD 19.4 billion by 2034. This represents a steady compound annual growth rate (CAGR) of 3.1% over the forecast period, according to recent market analysis.
The surge in demand for agricultural packaging solutions such as sacks and totes is largely attributed to their essential role in the agricultural industry. bulk packaging products are critical for streamlining key tasks, including the transport of seeds, fertilizers, and crops and the handling of bulky or delicate produce. Their robust design ensures the safe and efficient transportation of goods, significantly enhancing farm operational productivity.
As the global agricultural sector continues to evolve in response to the rising need for food driven by population growth, the demand for reliable packaging solutions such as farming sacks and totes is expected to rise. These products are particularly vital in the storage and transportation of agro-products, including grains, fertilizers, and other agricultural goods.
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Additionally, growing emphasis on sustainability within farming practices is expected to further propel the market for eco-friendly farming sacks and totes. Made from biodegradable materials like jute and recyclable fabrics, these sustainable alternatives to traditional plastic packaging are gaining traction as both consumers and regulatory bodies push for reduced plastic usage.
Key Takeaways: Farming Sack and Tote Market
- The farming bag and totes market was valued at USD 12.7 billion in 2019, with an expected CAGR of 2.7% from 2019 to 2023.
- The demand for farming sacks and totes in the US is forecasted to grow at a CAGR of 2.7% through 2034.
- Germany’s market demand for farming bags is projected to grow at a CAGR of 2.8% through 2034.
- India’s agricultural economy is expected to experience a growth rate of CAGR of 3.5% through 2034.
- The polypropylene segment is expected to dominate the market with a 22.3% share in 2024.
- The 50 to 100 kg capacity segment is projected to hold a 28.1% share in 2024, leading the market in terms of bag capacity.
Competitive Landscape
The industry is undergoing a dynamic transformation as important players strategize to gain a larger share. Established organizations are aggressively pursuing growth strategies to address the growing need for dependable and long-lasting farm sacks and totes.
Mergers and acquisitions are becoming a common approach. This enables them to grow their resource base by acquiring new production capabilities or design knowledge. For example, a major bag manufacturer may purchase a smaller company known for its innovative, environmentally friendly materials. This united business would be well-positioned to provide a broader choice of products, meeting the different demands of farmers and distributors.
Key Players of Farming Sack and Tote Industry
- LC Packaging International BV
- Mondi Group Plc
- Palmetto Industries International Inc.
- Segezha Group LLC
- Ovasco Industries
- ProAmpac LLC
- Southern Packaging, LP
- Tuff Sacks
- Sokuflex Behälter GmbH
- PEMA Verpackung GmbH
- Rengo Co., Ltd.
- Serim B&G Co., Ltd.
Recent Industry Developments in Farming Sack and Tote Market
- In May 2024, Packem Textil’s PET Big Bags won Fast Company’s 2024 World Changing Ideas Awards, revolutionizing the agriculture and construction industries by using recyclable PET yarn. These bags are stronger, more weather-resistant, and can be used to transport heavy items like grains and fertilizers, reducing environmental concerns and promoting sustainability.
- In December 2023, The Government of India approved mandatory packaging of food grains and sugar in jute bags for the Jute Year 2023-24, aiming to protect domestic production and make India self-reliant. The JPM Act provides relief to 0.4 million workers and supports 4 million families, while also protecting the environment.
Key Segments of Farming Sack and Tote Industry
By Material:
In terms of material, the industry is separated into, polyethylene (PE), polypropylene (PP), jute, cotton, and polyester.
By Capacity:
In terms of capacity, the industry is categorized as less than 50 kg, 50 to 100 kg, 101 to 200 kg, and more than 200 kg.
By Application:
Applications of the sector are for packaging of grain and fertilizer storage, animal feed, fresh produce, and other agriculture products.
By Product:
Based on the products, the industry is integrated into woven sacks, pasted valve, gusset bags, and trash sacks.
By Region:
Key countries of North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East and Africa (MEA), have been covered in the report.
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