The global pesticide packaging market is currently valued at US$4.4 Billion in 2023 and is anticipated to expand at a CAGR of 5.3%. Owing to the advances in packaging the market is likely to propel to US$ 7.4 Billion by 2033.
Other factors supporting the market growth are -
There is great demand of innovation in packaging of pesticides in market, the pesticides packaging market growth is fueled by the rising demand for safe packaging. Pesticides packaging plays a crucial role in the agricultural sector, as a significant amount of agricultural products are lost during handling transportation and while storing. The bags, pouches, bottles, and container are used of packaging of pesticides.
Plastic bottles and jars made up pf Polyethylene terephthalate (PET) and HDPE are mostly used for packaging different agrochemical products, such as fertilizer and pesticides.
Pesticides packaging prevents products from spoilage before reaching the end consumers. Pesticides packaging is designed for better sealing, and operating issues and to avoid any failure of packaging during transportation.
Pesticides being toxic in nature they need advanced packaging which will reduce the risk while handling. These packaging increase shelf life and reduce loss during transportation of products. Pesticide packaging keeps agricultural products from spoiling before they reach end consumers is anticipated to boost market growth.
Pesticide packaging use silo bags, clamshells, bulk bags, pouches, drums, cans, trays, and bottles. These are mainly made up of jute, glass, metal, and paperboard. High demand for pesticides across the globe and the advancement of biodegradable packaging solutions is fuelling the growth of this market during the forecast period. Also, the growing trend of flexible packaging solutions, like pouches and bag-in-box to reduce exposure to harmful chemicals will drive the market growth.
Pesticide packaging is anticipated to grow steadily due to trade opportunities for agrochemicals considering the factors such as encouraging government regulations, and increased demand for fertilizers. Pesticide packaging use well-designed containers that are easier and safer for farmers to use plus they protect the environment and product authenticity.
North America accounted for the largest market share of the pesticides packaging market and is expected to remain dominant over the forecast period from 2023 to 2033. This is due to the increasing demand for modern agriculture packaging. Furthermore, the presence of a large number of manufacturers in the region is expected to boost the market demand for the American pesticide packaging market in the region.
FMI research indicates that pesticides packaging shows great potential for not only durability but improving outcomes for buyers in different areas as pesticides packaging offers benefits like:
To meet all these objectives, the manufacturer of pesticide packaging offers a wide selection of sizes, shapes, and materials with easy-to-open formats to bring out the best in pesticide packaging. Also, the manufacturer of pesticide packaging has increased R&D to address technological innovations.
Many manufacturers use specialty adhesives, and granules to give better seal and barrier strength for packaging pesticides to meet the packaging needs considering hazardous products packed inside. Also, some of the pesticide packaging manufacturers are strategically planning to improve profit margins by providing eye-catchy packaging formats.
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The global sales of pesticides packaging are expected to grow 5.2% in 2021 The study still expects pesticides packaging market to grow slightly, however the overall five-year compound annual growth rate (CAGR) remains positive during 2021 to 2031.
The rising trend in food production and the use of chemical fertilizers are providing significant market opportunities for the industry's major players.
An upsurge in the overall consumption of products across the globe has factored in the price hikes on packaged goods. The variety of packaging options in demand becomes a major factor in classifying items based on their purpose in preserving goods and their appearance-enhancing qualities. With a vast range of package types convergent across numerous applications, the global Pesticides packaging sector remains on the edge of miscellany.
The pesticides packaging market is expected to grow progressively owing to trade opportunities for agrochemicals due to factors such as increased demand for fertilizers, encouraging government regulations and acceptance of biological across the globe. Instability in raw material prices, as well as the trend toward recyclable packaging, are restraints on the global pesticides packaging market.
North America is the world leader in processed and packaged food products, and demand for pesticides is growing in the US and Canada. Pesticides are toxic in nature. As a result, they require modern agriculture packaging that will decrease the risk of handling, shipping, and storing pesticides, as well as packaging that is intended for better sealing, operational difficulties, and avoiding package failure.
This packaging improves the shelf life of agricultural products and reduces waste during transportation. Pesticide packaging keeps agricultural products from spoiling before they reach end consumers. Hence, anticipating the growth in the USA and Canada.
During the forecast period, the pesticides packaging market in Europe will grow at a significant rate. Reduced packaging development costs and time, increased demand for pest resistance throughout the world, and the introduction of biodegradable packaging options to the market are propelling the growth of pesticides packaging in the European market.
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Some key manufacturers operating the business in the pesticides packaging supplement market globally include
Some vendors in this industry are increasing their manufacturing facilities in order to get a competitive edge. For example, United Caps increased its production capacity in 2019 by opening a new manufacturing factory in Malaysia to better service the Asian market.
Grief INC will provide real-time tracking for its IBC products in 2020. Greif's GCUBE Connect solution uses an IoT-based device to offer real-time tracking information about a customer's IBC. This cutting-edge technology not only helps any company track its products, but it also makes the company's supply chain easier to manage.
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