Agricultural Packaging Market Size (2024 - 2029)

Agricultural Packaging Market Analysis

The Agricultural Packaging Market is expected to grow with a CAGR of 5.5% during the forecast period. The demand for agricultural packaging increases due to the increasing demand for improving supply chains by reducing food wastage. According to the Birmingham Energy Institute, more than 90% of food waste in developing countries occurs during storage and transportation. Hence the growing awareness regarding the loss of food products during harvesting and shipping is driving the demand for cost-effective and sustainable agricultural packaging solutions.

• During the COVID-19 pandemic, many countries announced a surplus for the agricultural sector to strengthen the sector's storage and supply chain, including packaging. For instance, the Indian Government announced INR 1 lakh crore (nearly USD 13.5 billion) exceptional package surplus for agricultural infrastructure. All these will boost the market growth post-pandemic. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem.
• The increasing pest attacks drive the demand for crop protection chemicals, such as pesticides and fertilizers, which are toxic. Hence, they need advanced packaging to reduce the risk while handling, storing, and transporting these agrochemicals, which escalates the demand for agricultural packaging solutions for agrochemicals to increase their shelf life.
• According to an article published in the Environmental Science and Technology journal, food travels an average of 4,200 miles. This creates demand for innovative packaging solutions to cater to farmers' requirements and processors distributors who sell in the global and national markets. Moreover, agricultural packaging solutions are experiencing horizontal integration approaches that bring printing capabilities, easy packaging solutions, and additional value-adding solutions to packaging closer to the packaging solution providers.
• Furthermore, technological innovation, sustainability trepidations, and attractive economics drive the demand for innovative packaging solutions. Nowadays, there is a growing demand for agricultural packages equipped with monitoring equipment, which can track the quality of any product and adjust the temperature.
• Also, the advanced packaging styles, such as pouches and bag-in-box, raise the usage of flexible packaging in combination with rigid packaging formats. According to the Flexible Packaging Association, flexible packaging is mainly used for food, contributing to more than 60% of the total market. Additionally, globally, the e-commerce sector's consolidation is anticipated to make flexible packaging one of the quickly growing packaging approaches over the forecast period.

Agricultural Packaging Industry Segmentation

Agricultural packaging plays a significant role. It helps farmers and manufacturers deliver food in the best possible way and avoid wastage during post-harvest treatment procedures, production processes, storage, and transportation. Moreover, it ensures short and long-term stability between the farmers and the consumers. The scope of the study is currently focused on critical countries in regions such as North America, Europe, Asia-Pacific, and the Rest of the World. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the market that supports the market estimations and growth rates over the forecast period.

The Agricultural Packaging Market is segmented by Material Type (Plastic, Metal, Paper and Paperboard, Composite Materials), Application Type (Pesticides, Fertilizers, Seeds), Product Type (Bags & Sacks (Plastic & Paper), Bulk Containers (Drums & IBC), Pouches, Containers (Metal & Plastic)) and Geography (North America, Europe, Asia Pacific, Rest of the World). The market sizes and forecasts regarding value (USD million) for all the above segments are provided.