(MENAFN- America News Hour) Recent report published by research nester titled“global agricultural packaging market : Global Demand Analysis & Opportunity Outlook 2027′′delivers detailed overview of the global Agricultural Packaging market in terms of market segmentation by material, by barrier type, by package type and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
The global agricultural packaging market is segmented by material into wood, plastic, paper board, glass, jute and others; by barrier type into low-barrier, medium-barrier and high-barrier; by package type into pouches, crates, bags/bins, silage bags/wraps, clamshells, bottle, pallets and others and by regions. Agricultural Packaging Market is anticipated to mask a CAGR of 5.3% during the forecast period i.e. 2018-2027.
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Currently the global agricultural packaging market is observing vibrant growth owing to increasing demand of seed storage containers in the market. Advances in agricultural industry in the past few years and growing farming process innovation are projected to drive agricultural packaging market besides the wide range of functions of agricultural packaging in an immense range of processes such as shipment, storage, handling, assembling and more during the forecast period i.e. 2018-2027. As a well-developed agriculturally advanced flourishing market, North America is panned to observe substantial agricultural packaging market growth due to rising agricultural packaging usage for storing liquid pesticides, solid grains and seeds.
North America is expected to be followed by Europe in terms of consumption due to expanding agricultural packaging requirements in agro-chemical and food export industries. Asia Pacific is expected to drive demand and positively impact the agricultural packaging market growth over the forecast period owing to increasing agricultural packaging application for agricultural exportation practices.
Growing Applications due to Reduced Agricultural Wastage
Depletion of agricultural produces has resulted in increased awareness regarding safe and secure agricultural packaging for harvest shipment to the local markets which is anticipated to contribute significantly to the agricultural packaging market over the forecast period. Growing urban population and rising pressure on the food produced is estimated to create an increased demand for agricultural packaging solutions that are cost effective as well as efficient. With the help of agricultural packaging, the shelf life of the harvested products such as fruits, vegetable, grains or seeds can be increased leading to higher demand thus, expanding the agricultural packaging market across the globe. Agricultural packages provide moisture barriers as well as oxygen barriers resulting in better prevention from food depletion.
Growing Agricultural Import and Exports
Application of agricultural packaging in the growing import and export industry across the globe for fruits, vegetables, grains, seeds and more is anticipated to contribute significantly in the crates and pallets market.
However, lack of willingness to input further expenses in food transportation from the agricultural producers side in the under-developed and developing countries is predicted to slow down the agricultural packaging market growth over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global Agricultural Packaging market which includes company profiling of Mondi Group, H.B. Fuller Company, LC Packaging International BV, Atlantic Packaging, NNZ Group, Parakh Agro Industries Ltd., International Paper Company, DS Smith Plc, Packaging Corporation of America and Smurfit Kappa Group Plc.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Agricultural Packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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