Agriculture & Packaging
Agriculture & Packaging
Growth in agriculture is vital for economic growth. According to the The World Bank Group, agriculture accounted almost 4% of the gross domestic products (GDP) in 2018- even in some developing countries, it accounted for more than 25% of the GDP. However, technological advancement would bring an opportunity for growth in the global agriculture market in upcoming period. Packaging industry is one of the vital industries in several developing countries. Increasing per capita income, and emerging purchasing power are the factors which propel the growth of the global packaging industry in upcoming period. Conversely, environmental concern would likely to resist the growth of the same industry.
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