Increasing shelf life for pesticides and other agrochemicals are driving revenue growth of the global agriculture packaging market
The global agriculture packaging market has witnessed impressive growth in the past few years, due to growing need for convenience packaging for agricultural products. Company’s initiatives will encourage the consumers to use sustainable agriculture packaging products. Therefore, agriculture packaging market has great opportunities in upcoming years.
Agriculture packaging market manufacturers are mainly highlighting on mounting footprint through convenience and sustainable packaging. Several packaging solutions such as pouches, bags, bottles, etc. with better ability to withstand unwanted atmospheric conditions such as rain, sunlight, etc. and helps in increasing the shelf life of pesticides. Containers, pouches, bags, etc. which are used for packaging of pesticides also provides protection from climatic, mechanical and biological factors. Agrochemicals are critical to the agricultural sector, as they facilitate growth of the sector while preventing/reducing the impact of disasters. Therefore, the need for packaging for agricultural products is expected to remain as critical during the forecast period as it is now.
Globally, by material type, the plastic agriculture packaging segment is estimated to dominate the market, in 2018, by market value. The global agriculture packaging market by product type, has been segmented into pouches, bags/bins, silo bags, clamshells, bottle, trays, bulk containers, and others. Among product type, the bags/bins and pouches segment of agriculture packaging market together accounts for nearly 70% market share by value in 2018. Bags/bins segment of agriculture packaging market is expected to grow at an impressive CAGR of 5.8% during the forecast period. Among the barrier type segment, the medium barrier type segment is anticipated to dominate the market, during the forecast period. Among the application segment, the silage segment is anticipated to dominate the market, during the forecast period. The global market has been segmented into seven regions, i.e. North America, Western Europe, Eastern Europe, Asia - Pacific excluding Japan (APEJ), Latin America, Middle East & Africa (MEA) and Japan. The APEJ region is projected to register the highest CAGR of 6.9% by value, during the forecast period.
Few of the key players in the global agriculture packaging market include 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, Silgan Holdings, Inc., Tetra Pak International S.A., Greif, Inc., Time Technoplast Ltd., Berry Global, Inc., Proampac LLC, and Klöckner Pentaplast Group among others.
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