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Burgeoning Demand for Organic Food to Drive the Global Agricultural Packaging Market Until 2020, Says Technavio

Wednesday, Dec 28, 2016
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The global agricultural packaging market is expected to grow at a CAGR of over 4% during the forecast period, according to Technavio’s latest report.

In this report, Technavio covers the market outlook and growth prospects of the global agricultural packaging market for 2016-2020. The market is further categorized into two product segments, including plastic packaging and agricultural packaging market by other materials, of which the agricultural packaging market by other materials segment dominated the market with more than 63% of the overall market share in 2015.

“With an increase in consumer focus on quality, the importance of hygiene and convenience in the agricultural packaging market has increased. For perishable food products such as vegetables and fruits, packaging not only ensures hygiene and convenience but also protects the products during transit,” says Sharan Raj, a lead packaging research expert from Technavio.

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Technavio’s research study segments the global agricultural packaging market into the following regions:

•    APAC
•    Europe
•    North America
•    ROW
•    South America

In terms of revenue, APAC accounted for the major share, with 35.14% of the global agricultural packaging market in 2015, followed by Europe with 30.55%, North America with 23.42%, South America with 6.99%, and ROW with 3.90%.

Agricultural packaging market in APAC

Growth in fresh produce production is helping packaging to play a significant role in the protecting, tracing, and marketing of products in the market. The demand for fresh produce packaging will increase due to growing preference toward the consumption of fresh and nutritious food in the fruits sector, which will rise at a faster pace than the vegetables sector.

“Corrugated boxes are most preferred for packaging fresh produce for bulk shipments due to the light weight, low cost, graphics capabilities, and recyclability. The demand for corrugated boxes in APAC will increase during the forecast period,” says Sharan.

Agricultural packaging market in Europe

In Europe, more than 70% of fruits and vegetables are sold in unpacked form. Corrugated board is the most preferred packaging product in the region for the transportation of fresh products as corrugated boxes are soft and do not affect the outer layers of fruits and vegetables, unlike wooden crates which are rough. Around 70% of the fresh products that are transported in the region, use crates made from corrugated board.

More than 100 million tons of fresh fruits and vegetables are consumed each year in Europe and, the consumption will continue to increase, propelling the growth of the corrugated board market, which saw a 25% increase in sales between 2006 and 2016.

Agricultural packaging market in North America

Agricultural packaging market in North America is dominated by the US. The market is very competitive. California, Wisconsin, and Idaho generate most of the revenue for fresh food packaging. Most of the agricultural packaging vendors in North America are from the US. There are approximately 2.2 million farms in the US, and the average American consumes roughly 273.2 pounds of fruits each year.

Agricultural packaging is very important as 44% of the food wastage in North America happens either during the production process, post-harvest treatment procedures and during storage and transportation.

The top vendors in the global agricultural packaging market highlighted in the report are:

•    Amcor
•    Bemis
•    DS Smith
•    KapStone Paper and Packaging
•    LINPAC
•    Mondi
•    Tetra Laval

Browse Related Reports:

•    Global Beverage Packaging Market 2017-2021
•    Global Antimicrobial Packaging Market 2016-2020
•    Global Flexible Protective Packaging Market 2016-2020

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like logistics, tags and labels, and transportation and distribution. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

 

Source: businesswire.com

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