Increasing Adoption of High Barrier Packaging Materials for Agrochemicals Driving the Agricultural Packaging Market

The Agricultural Packaging Market is projected to reach USD 5.02 Billion by 2023, from USD 3.93 Billion in 2018, at a CAGR of 5.00% during the forecast period. The market is driven by factors such as rising consumption of pesticides and fertilizers across the globe, increasing adoption of high barrier packaging materials for agrochemicals, increasing demand for extended shelf life of these products, and rising demand for biologicals across the globe owing to the increasing ban on chemical pesticides.

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Plastics are the most preferred packaging material used for pesticides and fertilizers, owing to the properties such as medium-barrier strength, cost-effectiveness, flexibility, and inertness. The packaging of chemical pesticides consumes a large amount of packaging material, when compared to fertilizers as fertilizers are usually packaged in larger volumes while pesticides are available across a wide volume range. Pesticides are majorly prepared in liquid formulation, which is most often packed in plastic bottles, cans, or containers. Rigid plastics such as HDPE are used for manufacturing such packaging solutions. Hence, the rigid plastics segment dominated the market share in plastics.

Medium-barrier strength materials such as plastics and some composites are widely used for packaging purposes across various industries, including agriculture. Their molding and low cost properties in comparison to other materials such as metals are the major reasons for the adoption of these materials by both the manufacturers and end use farmers on a wide scale. Composite materials are increasingly gaining interest among agrochemical manufacturers; however, the share of packaging in the agrochemical value chain is at a higher scale, when compared to plastic packaging. The demand for medium-barrier strength materials is expected to continue its dominance in next few years; hence, the segment is projected to grow at the highest rate during the forecast period.

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Manufacturing companies are Amcor Limited (Australia), Bemis Company, Inc. (US), Greif, Inc. (US), Sonoco Products Company (US), and Mondi Group (South Africa), agrochemical manufacturers, and government bodies & regulatory associations such as the US Department of Agriculture (USDA) and Food and Agricultural Organization (FAO).

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