DUBLIN--(BUSINESS WIRE)--The "Agricultural Packaging Market by Material (Plastic, Metal, Paper & Paperboard, Composites), Product (Pouches & Bags, Drums, Bottles & Cans), Barrier Strength (Low, Medium, High), Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The agricultural packaging market is projected to reach USD 5.02 billion by 2023, from USD 3.93 billion in 2018, at a CAGR of 5.00%
The agricultural packaging market is projected to grow at a steady rate due to factors such as the increase in trade opportunities for agrochemicals, favorable government regulations, rise in demand for fertilizers, and growth of the market for biologicals across the globe. The major factors restraining the growth of agricultural packaging are the volatility observed in raw material prices and recycling of used and discarded packaging materials.
Composites are packaging materials which comprise two or more layers of packaging solutions, thereby providing a high barrier property to the packaging product. Increase in shelf life of agrochemicals and biologicals can be achieved by incorporating high barrier composites as an optimum packaging solution. Increasing adoption of premium techniques for the packaging of agrochemicals has proved to be a major driver for the composites market, and the advent of biologicals in crop protection field has opened new avenues for the introduction of composites in the packaging market.
The chemical pesticides segment, by application, is estimated to dominate the global market in 2018. The world production of pesticides, especially insecticides and herbicides, for the agricultural industry has increased along with the stringency of regulations pertaining to their packaging techniques. Standard practices have been set for the disposal of packaging wastes by the majority of the national governments. The use of agricultural packaging results in low transportation and handling losses of pesticides, extended shelf life, and improved storage properties. Thus, agricultural packaging helps in compliance with the domestic regulations and export standards, and improves the salability of the product.
Key Topics Covered:
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Agricultural Packaging Market, By Material
- Agricultural Packaging Market, By Barrier Strength
- Agricultural Packaging Market, By Application
- Agricultural Packaging Market, By Product
- Agricultural Packaging Market, By Region
- Competitive Landscape
- Company Profiles
- Amcor Limited
- Bemis Company, Inc.
- Sonoco Products Company
- Mondi Group
- Packaging Corporation of America
- Greif, Inc.
- NNZ Group
- LC Packaging International Bv
- Silgan Holdings, Inc.
- Proampac LLC
- Purity Flexpack Ltd.
- Epac Holdings, LLC.
- Kenvos Biotech Co., Ltd
- Parakh Group
For more information about this report, visit https://www.researchandmarkets.com/research/mjpz95/5_billion?w=4.