Global Agricultural Packaging Market to grow at 5.21% CAGR, which is anticipated to reach USD 8.3 billion by 2030.

CRI Report has released a report titled “Agricultural packaging Market – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 8.3 billion by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 5.21% between 2020 and 2030. According to the report, Nowadays people have become better aware of the waste of agro-based foodstuffs and their degradation as major drivers for agricultural packaging. Like many papers, newspapers publish only on grain, food, and other agro-based products that influence the minds of consumers in a positive way. In addition, the government is taking numerous initiatives in order to properly store and package these products to ensure low waste.

The market report on global Agricultural packaging market includes in-depth insights as:

• The estimated value of the market was USD 4.23 billion in the year 2020.
• Region-wise, the market in North America, which held the largest market share of XX.X% in the year 2019, emerged as a key market for Agricultural Packaging Market.
• Based on barrier strength, medium emerged as a key segment in the global Agricultural Packaging Market.
• Based on product, pouches and bags emerged as a key segment in the global Agricultural Packaging Market
• Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.

“Nowadays people have become better aware of the waste of agro-based foodstuffs and their degradation as major drivers for agricultural packaging. Like many papers, newspapers publish only on grain, food, and other agro-based products that influence the minds of consumers in a positive way. In addition, the government is taking numerous initiatives in order to properly store and package these products to ensure low waste.” said a lead analyst at CRI Report.

Agriculture is the world’s most globalized sector. Agricultural packaging will contribute to food preservation and protection, as a large proportion of foodstuffs are transported over thousands of kilometers, and maximum food share is wasted during that whole process due to inadequate treatment such as insufficient storage and packaging. They can be packed in a way that allows for longer shelf life and keeps the product fresh. Agricultural packaging helps to preserve the original properties of packaged and transported agricultural products.

Global Agricultural packaging market is segmented by product into pouches & bags, bottles & cans, drums, and others (sacks, tubes, and jars). In the field of dry-solid formulations of fertilizers and pesticides, the use of bags and sack products in agrochemical packaging has increased since these offer a more sustainable way of protecting people from transport loss. Plastic materials such as polyethylene can therefore easily be found, and agrochemical manufacturers are therefore highly favored on a large scale because of their minimal price. With increasing numbers of solid/dry formulation launches on the agrochemical products of key players, the application of bags & bags for packaging in agriculture will increase.

Key Players in the Market

• Some of the key players operating in the global Agricultural Packaging market are Amcor Limited (Australia), Bemis Company, Inc. (the US), Sonoco Products Company (US), Greif Inc. (US), and Mondi Group (South Africa). Some emerging players in the agricultural packaging market include Packaging Corporation of America (US), NNZ Group (Netherlands), LC Packaging International BV (Netherlands), Silgan Holdings, Inc. (the US), Proampac LLC (US), Other Prominent Players

Get Valuable Insights into Global Agricultural Packaging Market

In the new report, CRI Report thrives to present an unbiased analysis of the global Agricultural Packaging market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by barrier strength into Low, Medium, and High. By product, market is segmented into pouches & bags, bottles & cans, drums, and others (sacks, tubes, and jars). Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.