The market for pesticide packaging is expected to grow at a compound annual growth rate (CAGR) of 5.3%, with a current valuation of US$4.4 billion in 2023. Packaging innovation is expected to boost the industry to US$ 7.4 billion by 2033.
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Additional elements bolstering the market expansion are:
- The growing pesticide industry has several criteria for pesticide packaging and transportation.
- increasing demand for bulk product distribution that is safe.
- The number of packaging facilities is increasing in response to the demands of the growing urban population.
- The market for pesticide packaging is driven by government initiatives to promote eco-friendly packaging and advances in technology.
- The global market share of pesticide packaging is dominated by North America.
This market is continuously growing due to the growing need for pesticides with longer shelf lives as well as the growing need for optimal storage and transportation.
The increase in packaged goods prices is a result of a global increase in product consumption. When categorizing products according to how well they preserve goods and how well they enhance their appearance, the range of packaging alternatives that are in demand becomes a significant element. The worldwide pesticide packaging industry is still on the cusp of miscellany, with a wide variety of package types converging across multiple applications.
The market for pesticide packaging is anticipated to expand steadily as a result of trade chances for agrochemicals brought about by elements like rising fertilizer demand, supportive government policies, and global acceptance of biologicals.
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Pesticides Packaging Industry Segmentation
Based on Material
- Plastic
- Rigid plastic
- Flexible plastic
- Composite materials
- Metal
- Paper & paperboards
- Others (nanomaterials, jute and glass)
Based on Product
- Pouches & bags
- Bottles & cans
- Drums
- Others (tubes, jars and sacks)
Based on Barrier Strength
- High
- Medium
- Low
Based on the Region
- North America
- USA and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa