Exploring the Thriving Market for Agricultural Packaging Amidst Rising Global Food Supply Chain Efficiency Demands

The global agriculture packaging market, valued at US$ 6,478.3 million in 2022, is on track to experience significant expansion, reaching US$ 6,831 million by the end of 2023. Future Market Insights projects a compelling Compound Annual Growth Rate (CAGR) of 5.3% from 2023 to 2033, culminating in a valuation of US$ 11,449.1 million by 2033.

Driving Factors:

The surge in demand for agricultural packaging is fueled by the urgent need for efficiency in supply chains, particularly in emerging countries where over 90% of food waste occurs during storage and transportation. To combat this challenge, there’s a growing awareness of food product loss during harvesting and shipping, driving the demand for sustainable agricultural packaging solutions.

The rise in pest attacks has propelled the demand for crop protection chemicals like fertilizers and pesticides. This necessitates advanced packaging materials to minimize risks during storage, handling, and transportation, further driving the need for agricultural packaging solutions.

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Increasing consciousness regarding eco-friendly packaging in developed nations is leading to the adoption of paper and jute-based agriculture packaging bags and pouches, which help retain customer loyalty and sustain market footprint.

North America Spearheading Growth:

North America holds a significant market share, accounting for 22.8% of revenue in 2022. By the end of 2023, the region is poised to accumulate a 24.1% market share, with a projected CAGR of 5.2% during the forecast period. This growth is attributed to the region’s increasing utilization of packaging for solid grains, silage, liquid insecticides, and seed storage.

The agricultural packaging market’s trajectory underscores the importance of efficient supply chain management and sustainable packaging practices in meeting global food security challenges.

Business Growth Opportunities:

1. Sustainable Packaging Solutions: The demand for eco-friendly and sustainable packaging materials is growing, presenting an opportunity for the agriculture packaging market to develop innovative, biodegradable, and compostable packaging options.
2. Technological Advancements: Integration of advanced technologies such as smart packaging and IoT-enabled solutions can enhance traceability, shelf-life monitoring, and quality control, providing a growth avenue for companies in the agriculture packaging sector.
3. Globalization and Export Markets: As agricultural products are increasingly traded on the global market, there is a rising need for robust packaging solutions that ensure the safe transportation and preservation of perishable goods, creating opportunities for packaging companies to expand internationally.
4. Customization and Branding: Offering customizable packaging solutions to meet the specific needs of different crops and products, along with providing branding opportunities for farmers and producers, can be a key growth driver in the agriculture packaging market.
5. Collaboration with Agribusiness: Forming strategic partnerships with agribusinesses and agricultural producers can lead to integrated supply chain solutions, enabling packaging companies to offer comprehensive services from farm to market.

Trends in the Agriculture Packaging Industry:

1. Biodegradable and Compostable Materials: There is a noticeable shift towards the use of biodegradable and compostable packaging materials in the agriculture sector, driven by increasing environmental awareness and regulations promoting sustainable practices.
2. Smart Packaging and IoT Integration: The adoption of smart packaging solutions, including RFID tags and sensors, is on the rise to enable real-time monitoring of product conditions such as temperature, humidity, and freshness throughout the supply chain.
3. Reduced Plastic Usage: In response to environmental concerns, there is a growing trend towards reducing the reliance on traditional plastic packaging. Alternatives such as bio-based plastics and other sustainable materials are gaining traction.
4. E-commerce Packaging Solutions: With the increasing trend of online grocery shopping, there is a demand for packaging solutions that cater to the specific requirements of e-commerce, such as compact packaging, easy handling, and product protection during transportation.
5. Focus on Food Safety and Quality: Stringent regulations and consumer demand for safe and high-quality food products are driving the adoption of packaging solutions that maintain the integrity of agricultural products, preventing contamination and ensuring freshness from farm to table.

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Key Drivers

• Increasing demand for effective storage and transport of pesticides and fertilizers is supporting the market growth.
• Adoption of agrochemicals and biologicals is driving the growth of the agricultural packaging industry.
• Increasing preference for e-commerce retailing is significantly contributing towards agricultural packaging sales.

Key Companies Profiled

1. Bemis Company, Inc.
2. Sonoco Products Company
3. Mondi Group
4. LC Packaging International BV
5. Packaging Corporation of America
6. H.B. Fuller Company
7. Atlantic Packaging
8. NNZ Group
9. Parakh Agro Industries Ltd
10. International Paper Company
11. DS Smith Plc
12. Smurfit Kappa Group Plc
13. KapStone Paper and Packaging Corp.

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Key Segments: 

Product Type:

• Pouches
• Bags/Bins
• Silo Bags
• Clamshells
• Bottle
• Trays
• Bulk Containers
• Others

Material Type:

• Plastic
• Rigid
• Flexible
• Paperboard
• Corrugated Board
• Glass
• Jute
• Others

Barrier Type:

• Low-barrier
• Medium-barrier
• High-barrier

Application:

• Seeds & Pesticides
• Silage
• Food Grains
• Vegetables & Fruits

Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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