DUBLIN--(BUSINESS WIRE)--Sep 11, 2018--The “Agricultural Packaging Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
Global agricultural packaging market was valued at US$3.852 billion in 2017 and is projected to expand at a CAGR of 5.62% over the forecast period to reach US$5.349 billion by 2023.
Growing global population is pressurizing the agricultural sector to increase the productivity on the limited arable land. However, a large share of food loss stems from inefficient supply chains.
According to the UK’s Birmingham Energy Institute, more than 90% of the food wastage in developing countries occurs during storage and transportation. Thus, rise in awareness regarding the loss of food products during harvest and shipping across global market is significantly driving the demand for sustainable and cost-effective agricultural packaging solutions.
Growing cases of pest attacks is boosting the usage of various crop protection chemicals which, in turn, escalating the demand for agricultural packaging solutions for agrochemicals.
By material, plastic holds a considerable market share on account of high demand for packaging of pesticides and fertilizers. Moreover, pesticides in liquid form are often packed in plastic bottles or cans, thus positively impacting the demand for plastic as packaging material.
Companies are investing heavily in the manufacturing sustainable plastic packaging solutions for agri-products. Recently in August 2018, global packaging provider Mondi presented its latest container-board portfolio member, ProVantage Powerflute at the major industry events Fachpak and Scanpak. This packaging solution is specifically designed for the safe packaging and long-distance transport of fruits and vegetables.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Agricultural Packaging Market by Material
6. Agricultural Packaging Market by Product
7. Agricultural Packaging Market by Geography
8. Competitive Intelligence
9. Company ProfilesBemis Grief Sonoco Mondi Universal Package
For more information about this report visit https://www.researchandmarkets.com/research/4qfczg/agricultural?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005666/en/
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING NATURAL RESOURCES AGRICULTURE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/11/2018 01:10 PM/DISC: 09/11/2018 01:10 PM