Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Agricultural Packaging Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international ABC Market. The research
study also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and world Agricultural Packaging Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Agricultural
Packaging Market is offered.
Market
Insights:
In accordance with the report, the Agricultural Packaging
Market is projected to expand at a CAGR of X.X% over the period
of forecast. The global Agricultural
Packaging Market was valued at USD XX.X Mn in 2021 and is expected to reach USD
XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period. The agricultural packaging business is a tiny part of the overall
industrial packaging market, although there has been significant change in the
packaging of chemical pesticides and fertilisers. The primary reasons that have
been supporting the expansion of this market are regulatory requirements and
R&D. The use of PET and HDPE plastics for pesticide containment transformed
the agrochemical packaging industry. Increasing need for effective storage and transport
of pesticides and fertilizers and rising demand for longer shelf life of these
products are the driving factors for the steady growth of this market.
Plastics, both rigid and flexible, are the most extensively used packaging
medium for insecticides and fertilisers. The lightweight, sturdy, and
cost-effective manufacturing of plastics is one of the elements driving their
increased acceptance in this market. They are extensively utilised in packaging
for these reasons, as opposed to paperboard, metal, and glass packaging
materials. As a result, the global market for plastic in agricultural packaging
is expected to dominate in 2022. In the agricultural packaging industry, Asia
Pacific is expected to have the greatest market share in 2020, followed by
North America over the next five years. Growing agrochemical trade
opportunities around the world, particularly in countries like China, India,
the United States, and Canada, are important drivers driving these regions'
rapid growth. Agricultural packaging for fertilisers is predicted to enhance
Europe's development rate, as the region's economy has been stifled by
increasing rules on chemical pesticide use and maximum residue limits. The volatility in raw material prices, as
well as the recycling of old and discarded packaging materials, are the key
issues limiting the growth of the agricultural packaging business. Petroleum
and crude oil, for example, are used to make plastics. The sector faces a huge
issue in balancing the pricing of packaging products due to the high volatility
of oil prices.
Research
Methodology:
To compile
the detailed study of the global Agricultural Packaging market, a robust
research methodology has been adopted that aids in determining the key insights
and also evaluates the growth prospects of the Agricultural Packaging Market. Comprehensive and iterative research methodology
focused on minimizing deviance in order to provide the most accurate estimates
and forecast possible. The company utilizes a combination of bottom-up and
top-down approaches for segmenting and estimating quantitative aspects of the
market. Our research methodology implements a mix of primary as well as
secondary research. Our projects are initiated with secondary research, where
we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Agricultural Packaging Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Agricultural
Packaging market was affected negatively due to the shutdown of manufacturing/processing
facilities for some time. The analysts have also focused on the key measures
that the companies are opting to withstand the harsh scenario.
Segment
Covered:
Agricultural
Packaging Market report has been
segmented By Product Type, By Application Type, By Barrier Strength, By
Material Type and geography also includes the market size and forecast for all these
segments. Compounded annual growth rates for all segments have also been
provided for 2021 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Agricultural
Packaging Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2021 to 2031, for the following segments:
Agricultural
Packaging Market, By Product Type, 2021-2031 (USD Million)
·
Pouches and
Bags
·
Drums
·
Bottles and
Cans
·
Others
Agricultural Packaging Market, By Application
Type, 2021-2031 (USD Million)
·
Chemical
Pesticides
·
Chemical
Fertilizers
·
Biologicals
Agricultural
Packaging Market, By Barrier Strength, 2021-2031 (USD Million)
·
Low
·
Medium
·
High
Agricultural
Packaging Market, By Material Type, 2021-2031 (USD Million)
·
Plastic
·
Metal
·
Paper and
Paperboards
·
Composite
Materials
·
Others
Report
Highlights:
The prime objective of the Agricultural
Packaging market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Agricultural Packaging Market, By Region, 2021-2031
(USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania (Australia
and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their manufacturing
capacity and product quality to gain a competitive advantage. The following are
some of the prominent manufacturers in the worldwide Agricultural Packaging market:
·
Amcor
Limited
·
Bemis
Company Inc.
·
Sonoco
Products Company
·
Greif
Inc.
·
Mondi
Group
·
LC
Packaging International BV
·
Flex-Pack
·
NNZ
Group
·
Silgan
Holdings Inc.
·
Proampac
LLC
·
Purity
Flexpack Limited
·
Epac
Holdings LLC
·
Others
Agricultural Packaging Market Report
Highlights:
·
Detailed
analysis of the parent market
·
Key
players' strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market
size in terms of volume and value, past, present, and future scenario
·
Potential
and specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.