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Agricultural Packaging Market Size

Report ID: GMI6222
Published Date: Jul 2023
Report Format: PDF

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Agricultural Packaging Market Size

Agricultural Packaging Market size was valued at over USD 8.7 billion in 2023 and is anticipated to grow at a CAGR of 6.1% between 2024 and 2032. There is a high demand for fresh & processed food products including fruits, vegetables, grains, dairy products, and meat.

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Agricultural packaging plays an important role in preserving the quality, freshness & safety of these products. This will extend their shelf life, ensuring that these products reach buyers in good condition. Globalization has resulted in increased international trade of agricultural products. Agricultural packaging plays a vital role in the protection of products during transport and meeting the particular needs of different countries such as phytosanitary regulations & customs requirements.

Agricultural Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Agricultural Packaging Market Size in 2023:	USD 8.7 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.1%
2032 Value Projection:	USD 14.9 Billion
Historical Data for:	2018 – 2023
No. of Pages:	198
Tables, Charts & Figures:	255
Segments covered:	Material Type, Product Type, Packaging Type, Application, and Region
Growth Drivers:	Enhanced farming techniques Rising population and food security needs Adoption of sustainable products & practices
Pitfalls & Challenges:	Cost pressures Sustainability goals Regulatory requirement for products

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The major challenge faced by agricultural packaging manufacturers is the cost pressure owing to variations in raw material prices, energy costs, and labor expenses. It can be difficult to balance the demand for cost-effective packaging solutions while retaining quality & performance. Agricultural products are prone to damage, spoilage, and contamination. Agricultural packaging must offer sufficient defense against physical, biological & chemical factors to maintain product quality and extend the shelf life. For this, it is essential to carefully select the packaging materials and technologies. The agriculture industry is compelled to adopt eco-friendly practices including packaging. The difficulty arises in the development of packaging materials & solutions that are environmental-friendly, recyclable, and biodegradable while still meeting the functional requirements and guaranteeing product protection. The challenges related to advanced agricultural packaging may reduce the acceptance rate, impeding market share.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for agricultural packaging was valued at over USD 8.7 billion in 2023 and is anticipated to reach USD 14.9 billion by 2032, owing to the high demand for fresh & processed food products.

The pouches segment held a major market share of over 35% in 2022 as bags and pouches are extensively utilized for packaging seeds, fertilizers, animal feed, and other agricultural products.

The U.S. accounted for USD 1.9 billion in 2022 and is projected to grow at a lucrative pace by 2032, owing to the consumer preference for fresh & high-quality agricultural products that fuels the demand for innovative packaging solutions.

Amcor plc, Berry Global Inc., Sonoco Products Company, Bemis Company Inc., Mondi Group, Sealed Air Corporation, Coveris Holdings S.A., DS Smith plc, Smurfit Kappa Group, and Greif, Inc.