Global Agricultural Packaging Market 2016-2020
About Agricultural Packaging
Packaging is important for fruits and vegetables to preserve and protect them from damage. However, using the right agricultural packaging product is equally important. Most vegetables are packaged in corrugated boxes due to the versatility, serviceability, stacking strength, and low cost of production of these boxes. The characteristics of the other packaging products vary depending on the material used for producing them (plastic, wood, or cardboard).
Technavio’s analysts forecast the global agricultural packaging market to grow at a CAGR of 4.22% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global agricultural packaging market for 2016-2020. To calculate the market size, the report considers the the revenue generated by the vendors of agricultural packaging (fruits, vegetables, grains, rice, wheat).The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Agricultural Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global agricultural packaging market: Amcor, Bemis, DS Smith, KapStone Paper and Packaging, Mondi, Tetra Laval, and LINPAC.
Other Prominent Vendors in the market are: Anderson Packaging, Berry Plastics, Conwed Global Netting Solutions, Packaging Corporation of America, Parakh Agro, Purity Flexpack, Silgan, and Sonoco.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is innovations in agricultural packaging. The market is witnessing innovations. An example of innovation in the market is the growing use of clamshells for packaging grapes to reduce wastage. Grapes are usually packed in convenient bags such as mesh or jute bags or in wooden crates. However, these packaging products cause damage to the grapes because of their rough surfaces. Clamshells have smooth and soft surfaces and are thus ideal for packaging grapes without squeezing them.”
According to the report, one of the major drivers for this market is need to increase the shelf life of agricultural products. Most of the agricultural products are perishable which requires minimum protection in order to extend the life by maintaining 5% oxygen, 15% carbon dioxide and 80% nitrogen either in corrugated boxes, wooden crates, plastic pouches or plastic trays the shelf life of vegetables or fruits can be extended to 8 days instead of 4 days when it is left open in air.
Further, the report states that one of the major factors hindering the growth of this market is volatility in raw material price. Volatility in raw material price is a major challenge faced by the vendors in the global agricultural packaging market. The main raw materials used in the market are paper and crude oil-based derivatives such as PP. The widening of the demand-supply gap for these raw materials over the last few years has led to a substantial increase in their prices.
Amcor, Bemis, DS Smith, KapStone Paper and Packaging, Mondi, Tetra Laval, LINPAC, Anderson Packaging, Berry Plastics, Conwed Global Netting Solutions, Packaging Corporation of America, Parakh Agro, Purity Flexpack, Silgan, Sonoco.