Asia Pacific Agricultural Packaging Market Size to Grow at Steady CAGR of 6.4% During 2023–2029

Published | 01 January 2023

Asia-Pacific agricultural packaging market is gaining traction because of the increasing demand for agricultural goods both as raw materials and for end use and the need for sophisticated agricultural packaging, which provides benefits such protection against microbes, moisture, contamination, and toxins.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, the Asia-Pacific agricultural packaging market size is projected to grow at a steady CAGR of 6.4% during the forecast period between 2023 and 2029. The market's expansion is linked to a number of variables, including the increasing demand for agricultural goods both as raw materials and for end use. The market expansion in the projected period is expected to be driven by the need for sophisticated agricultural packaging, which provides benefits such protection against microbes, moisture, contamination, toxins. The agriculture industry, including farmers and other stakeholders, is spending heavily in packaging to keep their goods from rotting during transport and storage, which is fueling the expansion of the Asia-Pacific agricultural packaging market.

Asia-Pacific Agricultural Packaging Market – Overview

Agriculture packaging enables producers to transport food most practically with no waste. During production, storage, and transportation, it reduces needless food loss. It also stops food loss during post-harvest processing. It guarantees both short-term and long-term stability between farmers and consumers. Furthermore, agricultural packaging also guards food products against deterioration or contamination due to microorganisms, air, moisture, and poisons. Bulk bags, silo bags, pouches, clamshells, bottles, trays, and other containers are typical agricultural packaging items. They are manufactured from a variety of materials including plastic, paperboard, glass, jute, and others.

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Asia-Pacific Agricultural Packaging Market – By Barrier Strength

Based on barrier strength, the Asia-Pacific agricultural Packaging market is segregated into low, medium, and high. Low and medium-barrier strength packaging accounts for the largest market share. These are most prominently used for non–durable food products and most agricultural food products. Plastics are commonly used as agricultural packaging because of their lower cost, high performance, and lightweight. High-barrier strength materials such as aluminum and tin are also used in this sector, mainly for highly durable products.

Impact of COVID-19 on Asia-Pacific Agricultural Packaging Market

According to the Organization for Economic Cooperation and Development (OECD), the COVID–19 pandemic had negative implications for the entire agriculture industry. Even though agricultural operations were excluded, the agriculture supply chain experienced significant interruptions during the early stages of the lockdown. The production and processing of agricultural produce were hindered due to a shortage of workforce. All these factors resulted in a significant decline in the demand for agricultural packaging, negatively affecting the market. However, the market is anticipated to flourish in the post–COVID–19 period owing to the rising demand for sterilized packaging to protect food products from virus contamination.

Competitive Landscape

Major players operating in the Asia-Pacific agricultural Packaging market include Bemis Company, Sonoco Products, Mondi Group, H.B. Fuller, DS Smith PLC, Greif Inc, Amcor Limited, Flex Pack, and Parakh Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Asia-Pacific Agricultural Packaging Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Asia-Pacific Agricultural Packaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia-Pacific Agricultural Packaging Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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