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Market Overview:
The Agricultural Packaging Market size is estimated to reach $13 Billion by 2030, growing at a CAGR of 6.1% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Agriculture Packaging Market – By Material (Plastic, Metal, Paper & Paperboard, Composites, Wood, Jute and Others), By Barrier Strength (Low, Medium and High), By Type (Pouches & Bags, Drums, Bottles & Cans, Pallet Boxes, Trays & Crates, Bulk Containers, Others), By Application (Seeds, Pesticides & Fertilizers, Silage, Food Grains, Vegetables & Fruits, Flower Crops, Commercial Crops and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
In the agricultural sector, packaging is essential for maintaining product quality, extending shelf life and reducing food waste. It also enhances supply chain efficiency and helps minimize environmental impact. There is a growing demand for packaging that provides better protection and helps reduce wastage.
APAC Dominated the Market in 2023:
APAC accounted for the largest share of 41% of the Agriculture Packaging Market in 2023. Asia is predominantly an agrarian society. As per the OECD-FAO Agricultural Outlook, the Asia Pacific region is largest producer of agricultural and fish commodities and is anticipated to account for 53% of global agriculture and fish output by 2030. Crop production, which represents roughly 60% of total agricultural production value, is projected to grow by 22% by 2030. With the high number of agricultural products produced in the region, packaging is crucial to ensure that the produce does not spoil. Hence, the region dominates the agricultural packaging market.
Agriculture Packaging Market: Key Takeaways
Need to Reduce Food Wastage:
According to the OECD-FAO Agricultural Outlook 2024-2033, most post-harvest losses of cereals occur during transport and processing and are estimated to be around 5% of global production. Additional waste occurs during distribution at the retail stage, reducing global food availability by another 5%, while household waste accounts for approximately 14%. If these proportions remain unchanged over the next decade, it is projected that food loss and waste volumes in the cereal sector will increase with global consumption by 11% by 2033 compared to current levels.
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Rising Need for Packaging that Imparts High Protection:
As the global food supply chain becomes increasingly complex, ensuring the safe transport and storage of agricultural products is essential. Packaging materials that offer superior protection against moisture, contamination, pests and physical damage are in high demand to prevent product degradation and ensure that produce reaches consumers in optimal condition. This is especially important for perishable items such as fruits and vegetables which require packaging that can maintain freshness and extend shelf life.
Scope of the Report:
Recent Developments:
- In August 2024, Valmatic and Ital-Agro collaborated on Valpeck, a single-dose paper packaging system designed for Ital-Agro’s Blackjak Bio, bioactivator, and the agricultural sector.
- In June 2024, BradyPLUS acquired Idaho Package Company, an industrial and agricultural custom packaging distributor serving the greater Idaho, Eastern Oregon and Eastern Washington regions. The acquisition enables the company to scale a priority geography.
- In November 2023, Austrian packaging company Coveris announced the launch of new sustainable stretch films, referred to as Unterland R and Unterland Crystal, for silage bale wrapping.
Agriculture Packaging Market: Competitive Landscape
Key companies profiled in the Agriculture Packaging Market are Sonoco Products Company, Greif, B. Fuller Company, NNZ Group, ProAmpac, LC, Novolex, Anderson Packaging Inc., Mondi Group, Pactiv LLC and Others
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