Agricultural Packaging Market worth 5.02 Billion USD by 2023

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MarketsandMarkets Presents
Agricultural Packaging Market worth 5.02 Billion
USD by 2023
https//www.marketsandmarkets.com/Market-Reports/a
gricultural-packaging-market-181856573.html
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The report "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", 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
during the forecast period. The market is driven
by factors such as rising consumption of
pesticides and fertilizers across the globe,
increasing adoption of high barrier packaging
materials for agrochemicals, increasing demand
for extended shelf life of these products, and
rising demand for biologicals across the globe
owing to the increasing ban on chemical
pesticides. Browse 92 market data Tables
and 42 Figures spread through 171 Pages and
in-depth TOC on "Agricultural Packaging Market -
Global Forecast to 2023 https//www.marketsandmar
kets.com/Market-Reports/agricultural-packaging-mar
ket-181856573.html Early buyers will receive 10
customization on reports.
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Rigid plastics segment is estimated to be the
most widely used material for agricultural
packaging Plastics are the most preferred
packaging material used for pesticides and
fertilizers, owing to the properties such as
medium-barrier strength, cost-effectiveness,
flexibility, and inertness. The packaging of
chemical pesticides consumes a large amount of
packaging material, when compared to fertilizers
as fertilizers are usually packaged in larger
volumes while pesticides are available across a
wide volume range. Pesticides are majorly
prepared in liquid formulation, which is most
often packed in plastic bottles, cans, or
containers. Rigid plastics such as HDPE are used
for manufacturing such packaging solutions.
Hence, the rigid plastics segment dominated the
market share in plastics. https//www.marketsandm
arkets.com/Market-Reports/agricultural-packaging-m
arket-181856573.html
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Medium-barrier strength segment is projected to
be the fastest-growing during the forecast
period Medium-barrier strength materials such as
plastics and some composites are widely used for
packaging purposes across various industries,
including agriculture. Their molding and low cost
properties in comparison to other materials such
as metals are the major reasons for the adoption
of these materials by both the manufacturers and
end use farmers on a wide scale. Composite
materials are increasingly gaining interest among
agrochemical manufacturers however, the share of
packaging in the agrochemical value chain is at a
higher scale, when compared to plastic packaging.
The demand for medium-barrier strength materials
is expected to continue its dominance in next few
years hence, the segment is projected to grow at
the highest rate during the forecast
period. https//www.marketsandmarkets.com/Market-
Reports/agricultural-packaging-market-181856573.ht
ml
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Asia Pacific is projected to dominate the market
for agricultural packaging at the highest rate
through 2023 Asia Pacific is the largest
consumer of agricultural packaging owing to the
large production capacities of agrochemicals
prevailing in China and India, which makes it
easier for most private, local companies to
launch their products. The high labor power,
fragmented packaging industry, and easy
availability of packaging materials in Asia
Pacific countries have resulted in significantly
lower production costs. Additionally, factors
such as growth in demand for biologicals,
increase in trade opportunities of agrochemicals,
and efficient infrastructure are the key
competitive advantages for the Asia Pacific
market. The market for agricultural packaging in
the Asia Pacific region is projected to grow at
the highest CAGR of 6.17 from 2018 to 2023,
owing to the increasing expansions of major
agrochemical as well as agricultural packaging
players in this market and growing demand for
biologicals that has opened opportunities for the
development of better packaging techniques in
this industry. https//www.marketsandmarkets.com/
Market-Reports/agricultural-packaging-market-18185
6573.html
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Key Players in distillers grains market 1
Amcor Limited 2 Bemis Company, Inc. 3 Sonoco
Products Company 4 Mondi Group 5 Packaging
Corporation of America 6 Greif, Inc. 7 NNZ
Group 8 LC Packaging International Bv 9 Silgan
Holdings, Inc. 10 Proampac LLC 11 Flex-Pack 12
Purity Flexpack Ltd. 13 Epac Holdings, LLC. 14
Kenvos Biotech Co., Ltd 15 Parakh Group
https//www.marketsandmarkets.com/Market-Reports/a
gricultural-packaging-market-181856573.html
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