Pesticides Packaging Market Forecast and CAGR
The global sales of pesticides packaging are expected to grow 5.2% in 2021. The study still expects the pesticides packaging market to grow slightly, however, the overall five-year compound annual growth rate (CAGR) remains positive during 2021-2031. The rising trend in food production and the use of chemical fertilizers are providing significant market opportunities for the industry's major players.
The Rising Demand For Pesticides With Longer Shelf Life, Along With Increasing Requirement For Optimal Storage And Transportation Are Driving This Market's Continuous Rise.
An upsurge in the overall consumption of products across the globe has factored in the price hikes on packaged goods. The variety of packaging options in demand becomes a major factor in classifying items based on their purpose in preserving goods and their appearance-enhancing qualities. With a vast range of package types convergent across numerous applications, the global Pesticides packaging sector remains on the edge of miscellany.
The pesticides packaging market is expected to grow progressively owing to trade opportunities for agrochemicals due to factors such as increased demand for fertilizers, encouraging government regulations, and acceptance of biological across the globe. Instability in raw material prices, as well as the trend toward recyclable packaging, are restraints on the global pesticides packaging market.
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U.S. And Canada Demand Outlook for Pesticides Packaging Market
North America is the world leader in processed and packaged food products, and demand for pesticides is growing in the US and Canada. Pesticides are toxic in nature. As a result, they require modern agriculture packaging that will decrease the risk of handling, shipping, and storing pesticides, as well as packaging that is intended for better sealing, operational difficulties, and avoiding package failure.
This packaging improves the shelf life of agricultural products and reduces waste during transportation. Pesticide packaging keeps agricultural products from spoiling before they reach end consumers. Hence, anticipating the growth in the U.S. and Canada.
Europe Demand Outlook for Pesticides Packaging Market
During the forecast period, the pesticides packaging market in Europe will grow at a significant rate. Reduced packaging development costs and time, increased demand for pest resistance throughout the world, and the introduction of biodegradable packaging options to the market are propelling the growth of pesticides packaging in the European market.
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Pesticides Packaging Market: Key Players
Some key manufacturers operating the business in the pesticides packaging supplement market globally include
- United Caps
- Grief Inc
- EVAL Europe N.V.
- Mauser Packaging Solutions
- Nexus Packaging Ltd
- Amcor Limited
- Sonoco Products Company
- Packaging Corporation of America
- Purity Flexpack Limited
- Mondi Group and LC Packaging.
Some vendors in this industry are increasing their manufacturing facilities in order to get a competitive edge. For example, United Caps increased its production capacity in 2019 by opening a new manufacturing factory in Malaysia to better service the Asian market.
Grief INC will provide real-time tracking for its IBC products in 2020. Greif's GCUBE Connect solution uses an IoT-based device to offer real-time tracking information about a customer's IBC. This cutting-edge technology not only helps any company track its products, but it also makes the company's supply chain easier to manage.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Pesticides Packaging Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Pesticides Packaging: Market Segmentation
Based on material, the pesticides packaging market can be segmented as:
- Rigid plastic
- Flexible plastic
- Composite materials
- Paper & paperboards
- Others (nanomaterials, jute and glass)
Based on product, the pesticides packaging market can be segmented as:
- Pouches & bags
- Bottles & cans
- Others (tubes, jars and sacks)
Based on Barrier Strength, the pesticides packaging market can be segmented as:
Based on the Region, the pesticides packaging market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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