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Agricultural Packaging - Global Market Trajectory & Analytics

  • ID: 4804489
  • Report
  • April 2021
  • Region: Global
  • 289 pages
  • Global Industry Analysts, Inc
Global Agricultural Packaging Market to Reach $5 Billion by 2027

Amid the COVID-19 crisis, the global market for Agricultural Packaging estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$5 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Plastic, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$2.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Metal segment is readjusted to a revised 2.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 6.4% CAGR

The Agricultural Packaging market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Paper & Paperboard Segment to Record 3.3% CAGR

In the global Paper & Paperboard segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$356.5 Million in the year 2020 will reach a projected size of US$432.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$704.8 Million by the year 2027, while Latin America will expand at a 4.1% CAGR through the analysis period.

Select Competitors (Total 43 Featured):
  • Amcor Ltd.
  • Bemis Co., Inc.
  • ePac Flexible Packaging
  • Flex-Pack
  • Greif, Inc.
  • Kenvos Biotech Co., Ltd.
  • LC Packaging International BV
  • Mondi plc
  • Nnz Group
  • Packaging Corporation of America
  • Parakh Group
  • Proampac LLC.
  • Purity Flexpack Ltd.
  • Silgan Holdings, Inc.
  • Sonoco Products Company
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Agricultural Packaging: An Introductory Prelude
  • Growth Forecasts Remain Robust for Agricultural Packaging Market
  • Rising Concerns over Food Security and Post-Harvest & Supply Chain Losses Create Strong Business Case for Agri Packaging Solutions
  • Post-Harvest & Supply Chain Losses Remain Global Phenomenon
  • Food Security Concerns More Evident Than Ever Before
  • Exhibit 1: Food Demand (in Million Tonnes) for Cereals, VegeTable Oil and Sugar in Select Regions for the Period 2008-17 and 2018-27
  • Key Issues Fuelling Food Security Concerns Worldwide
  • Population Growth
  • Exhibit 2: World Population to Reach 8.5 Billion by 2030 and to 9.7 Billion by 2050: Global Population Figures for Years 1990, 2015, 2030, 2050 & 2100
  • Declining Per Capita Arable Land
  • Exhibit 3: Per Capita Arable Land (in Hectares) in Developed and Developing Regions for the Years 2000, 2010, 2020, 2030 & 2050
  • Impact of Covid-19 and a Looming Global Recession
  • Bulk Bags Bring Unmatched Efficiency in Warehousing & Shipment of Dry Goods
  • Bulk Packaging: A Vital Tool for Food Provision Industry
  • Effective Labelling of Bulk Packaging Reduces Supply Chain Losses
  • Polypropylene Bulk Bags Come to Fore Offering Durability, Flexibility and Affordability Benefits
  • Versatile Packaging Functions Made Possible with LLDP Stretch Film
  • Flexible Packaging Gains Wider Traction in Agri Applications
  • Sustainable Packaging Initiatives Widen Opportunities for Flexible Packaging
  • Corrugated Fiberboard Remains a Popular Material for High-Volume Shipping of Fruits & Vegetables
  • MAP Facilitates Efficient Retail Packaging of Fruits & Vegetables
  • New MAP Solutions Seek to Disrupt the Market
  • Retail Boom Skyrockets the Demand for Agri Packaging Solutions
  • Current Retail Industry Trends Support Strong Growth in Agri Packaging
  • Emergence of Online Retail Channel Further Accentuates the Demand
  • Healthy Tide in Organic Food Sector Creates Massive Growth Opportunities
  • Emphasis on Offering High-Quality Farm Produce in its Most Original Form Seeks Further Innovations in Packaging Materials and Approaches
  • A Review of Select Recent Advancements in Agri Packaging Domain
  • Tadbik Develops New Shelf Life Extending Resealable Lidding Film for Cherry Packaging
  • StePac Develops Polyamide-based Xtend® Packaging Technology for Long-Distance Bulk Deliveries of Blueberries
  • Irplast Rolls Out Food-Contact Tape for Fresh Produce
  • ROP’s Novel ExtendCast XC-Tomato Packaging Film for Tomatoes
  • ROP’s New ExtendCast XC-Cauliflower Bag Preserves Cauliflowers for up to 3 Weeks
  • Robotics Come to Fore to Enhance Overall Efficiency of Agricultural Packaging
  • Industry-Specific Adhesives Make Agri Packaging More Effective
  • Growing Image as Brand Promotion Tool Poised to Widen Use Case
  • Agri Packaging Strongly Influenced by Scenario in the General Packaging Industry: A Brief Look into Current Trends in the General Packaging Industry
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown
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