New York, United States , Aug. 15, 2024 (GLOBE NEWSWIRE) -- The Global Agrochemical Packaging Market Size is to Grow from USD 8.06 Billion in 2023 to USD 12.71 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.6% during the projected period.
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The significance of agrochemical product packaging in the intricate field of agriculture, where crop performance has a direct bearing on world food production, cannot be emphasized. This essential component preserves the chemicals' effectiveness while keeping them safe for handling by anybody involved in agriculture. Agrochemical-based products increase agricultural production while protecting plants from pests and diseases. These products are made up of fertilizers and pesticides. Proper packaging plays a critical role in the agricultural supply chain since maintaining the chemical composition of these products is essential to their effectiveness. Furthermore, the increasing global demand for crop protection products is driving the need for packaging solutions that safely store and apply chemicals, herbicides, and insecticides to protect crops from diseases, weeds, and pests. Due to the growing global demand for agrochemicals and the advancement of biodegradable packaging options, the market is growing. Furthermore, the growing usage of flexible packaging solutions, including as pouches and bag-in-box, which reduce exposure to hazardous chemicals, is driving the market's expansion. Due to a rise in equipment modernization and development, the agricultural chemical packaging market is expected to have greater growth and potential throughout the projection period. However, the recycling of old and abandoned packaging materials and the unpredictability of raw material prices are the main factors impeding the growth of the agricultural packaging business.
Browse key industry insights spread across 265 pages with 105 Market data tables and figures & charts from the report on the "Global Agrochemical Packaging Market Size, Share, and COVID-19 Impact Analysis, By Type (Plastic, Paper, Metal, and Others), By Product Type (Pesticides, Herbicides, Fertilizers, Insecticides, and Others), By Material (Pouches, Bags & Sacks, Bottles, Containers, Boxes, Drums, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The plastic segment is anticipated to hold the greatest share of the global agrochemical packaging market during the projected timeframe.
Based on the type, the global agrochemical packaging market is divided into plastic, paper, metal, and others. Among these, the plastic segment is anticipated to hold the greatest share of the global agrochemical packaging market during the projected timeframe. A growing amount of interest has been shown in agricultural plastics in recent years because they are employed in all facets of agriculture. Due to plastics being more affordable, safer to use, and more efficiently produced than more durable materials like concrete, glass, ceramics, metal, etc., they are replacing these materials. The ability of plastic materials to protect agrochemical products from moisture, physical damage, and pests is what is driving the demand for such products. Plastic also offers versatility in terms of package shapes, sizes, and formats.
The pesticides segment is expected to grow at the fastest pace in the global agrochemical packaging market during the projected timeframe.
Based on the product type, the global agrochemical packaging market is divided into pesticides, herbicides, fertilizers, insecticides, and others. Among these, the pesticides segment is expected to grow at the fastest pace in the global agrochemical packaging market during the projected timeframe. The expanding demand for safe packaging. Since a lot of agricultural products are lost during handling, shipping, and storage, pesticide packaging is crucial to the agriculture sector. Pesticides come in bottles, containers, pouches, and bags for packaging. Fertilizers and insecticides are among the agricultural chemicals that are commonly packaged in HDPE and PET plastic jars and bottles. Packaging treated with pesticides prevents goods from spoiling before they are bought by consumers.
The pouches segment is predicted for the largest revenue share in the agrochemical packaging market during the estimated period.
Based on the material, the global agrochemical packaging market is divided into pouches, bags & sacks, bottles, containers, boxes, drums, and others. Among these, the pouches segment is predicted for the largest revenue share in the agrochemical packaging market during the estimated period. Another reason for the increasing demand for pouches is their simplicity in handling and transportation. Pouches offer physical protection and resistance to moisture. Pouches are strong, stackable, and able to protect the products from damage during transportation. Agrochemical packing pouches help to preserve the freshness and flavor of crop protection chemicals. These pouches are kept at a temperature below freezing to avoid food spoiling. This bag is used for packaging by several chemical companies. The packaging pouch is made to be stored and is quite helpful. The unique polypropylene construction of the pouches preserves the contents.
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North America is expected to hold the largest share of the global agrochemical packaging market over the forecast period.
North America is expected to hold the largest share of the global agrochemical packaging market over the forecast period. In this region, the demand for agricultural products drives up market demand. The primary forces behind market expansion in the region are growing consumer expectations for higher-quality crops and increased awareness of the usage of biorational fungicides and agrochemical packaging to prevent bacterial infections in crop yields. large numbers of participation from both domestic and foreign countries. They can offer cutting-edge products, and their capacity to penetrate the market will probably make them formidable competitors. Major investment also pushes the firm toward increased competition since it increases the hurdles to exit existing companies.
Asia Pacific is predicted to grow at the fastest pace in the global agrochemical packaging market during the projected timeframe. Due to e-commerce sales of pesticides and fertilizers are rising. Investments and technological advancements, such as agricultural technologies powered by artificial intelligence, are helping to expand the market. India's requirement for food has also expanded due to its expanding population and increasing level of consumption, which would support agricultural activities and enhance the demand for agrochemical packaging solutions for the secure transportation of pesticides and fertilizers.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Agrochemical Packaging Market include FMC Corporation, Biostadt India Limited, Aries Agro Ltd., Nippon Soda Co. Ltd., Syngenta AG, Adama Agricultural Solutions Ltd., BASF SE, American Vanguard Corporation, Nufarm Limited, PI Industries, Sumitomo Chemical, GREENCHEM BIOTECH, Dow AgroSciences LLC, Bayer CropScience AG, and Others Key Players.
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Recent Developments
- In May 2024, Leading crop protection company ADAMA Ltd. declared that it will be expanding the use of its recently designed one-liter containers, a move that exemplifies the company's commitment to greater sustainability. Reducing their environmental effect and increasing farmer utility were the main goals in the creation of these containers. In India, they have already been successfully introduced.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Agrochemical Packaging Market based on the below-mentioned segments:
Global Agrochemical Packaging Market, By Type
- Plastic
- Paper
- Metal
- Others
Global Agrochemical Packaging Market, By Product Type
- Pesticides
- Herbicides
- Fertilizers
- Insecticides
- Others
Global Agrochemical Packaging Market, By Material
- Pouches
- Bags & Sacks
- Bottles
- Containers
- Boxes
- Drums
- Others
Global Agrochemical Packaging Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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