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Follow on Google News | Agricultural Packaging Market worth 5.02 Billion USD by 2023[171 Pages Report] Agricultural Packaging Market report categorizes the global market by Product (Pouches & Bags, Bottles & Cans), Barrier Strength (Low, Medium, High), Material (Metal, Paper & Paperboard, Composites), Application, and Region
By: MarketsandMarkets™ INC. Browse 92 market data Tables and 42 Figures spread through 171 Pages and in-depth TOC on "Agricultural Packaging Market" 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. 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; Find out more @ https://www.marketsandmarkets.com/ Early buyers will receive 10% customization on reports. 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. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Amcor Limited (Australia), Bemis Company, Inc. (US), Sonoco Products Company (US), Grief Inc. (US), Mondi Group (South Africa), Packaging Corporation of America (US), NNZ Group (Netherlands) More Inquiry @ https://www.marketsandmarkets.com/ About MarketsandMarkets™ MarketsandMarkets™ Our 850 fulltime analyst and SMEs at MarketsandMarkets™ MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Salgarkar MarketsandMarkets™ 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com End
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