The global fertilizer bags market is anticipated to accumulate a market value of USD 25.19 billion in 2023 and is expected to garner a valuation of USD 42 billion by exhibiting a CAGR of 5.25 % in the forecast period 2023 to 2033. The fertilizer bags market reflected a growth of 4.2 % CAGR in the historical period 2018 to 2022.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 25.19 billion |
| Projected Market Value in 2033 | USD 42 billion |
| Growth Rate (2023 to 2033) | 5.25 % CAGR |
The increasing significance and consciousness of the value of local products in the soil and the rising habit of growing a patio garden among the populace is affecting the development of the natural fertilizers market. As a result, this pattern is propelling the market growth of fertilizer bags for the bundling of natural fertilizers.
Increasing pest attacks fuel the demand for crop protection chemicals, like fertilizers and pesticides, which are toxic. Hence, they require advanced packaging to minimize the risk while handling, storing, and transporting these agrochemicals, which increases the demand for fertilizers pouches for agrochemicals to improve their shelf life.
Plastic bags and pouches are most widely used for packaging different agrochemical products, such as pesticides and fertilizers. Polyethylene terephthalate (PET) and high-density polyethylene (HDPE) are the preferred materials for manufacturing fertilizer pouches. These medium barrier packaging bags provide moderate levels of moisture barrier, gas permeability, heat resistance, and oxygen barrier, which is suitable for use in agrochemical industries.
Some other factors supporting the use of plastic in the agricultural packaging market are that they are lightweight, strong, and economical to manufacture, therefore the market for plastic in agricultural packaging will directly benefit the market of fertilizer pouches during the forecast period. Mounting trade of agrochemicals and improved shelf life of agrochemicals & biologicals are further boosting the market growth.
Rising focus on developing efficient & environment-friendly packaging, and stringent environmental regulations supporting the development of sustainable packaging solutions are major opportunities for the expansion of the fertilizer bags market.
Rapid urbanization, coupled with constant population expansion around the world is anticipated to put enormous pressure on worldwide food production, leading to a high call for efficient and cost-effective agriculture packaging solutions. This trend will positively benefit the market growth of fertilizer pouches in the forthcoming period.
Region-wise, Asia Pacific is projected to dominate the market by commanding over 48% market share by end of the forecast period. This region is expecting to witness higher adoption of sustainable packaging solutions for agricultural products in the coming years, hence, creating opportunities for global brands to invest in the region. Also, the rise in farm yield along with swift growth witnessed in a plethora of end-use industries like seed and pesticides & fertilizers is expected to boost the regional market during the assessment period.
Similarly, the European market is appearing to register the fastest expansion rate in terms of income, due to the rising preference for the consumption of fresh and nutritious food in the region. The high demand for fresh fruits will supplement the market growth of fertilizer pouches since the production of fruits also require fertilizers.
How Competitive is the Market?
Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing fertilizer bags are expected to create lucrative opportunities for market growth during the forecast period.
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In the agriculture industry, the importance of packaging is high to keep the quality of products like fertilizers, pesticides, etc. intact till it reaches the end-user. Fertilizers are industrially or naturally made materials that are used to supply necessary nutrients for plant growth to the plant tissue or soil.
To increase agricultural productivity and crop yields the fertilizers are widely used globally and their demand is always on the rise. The need for effective packaging of fertilizers is giving the necessary push to the fertilizer bags market towards growth.
The rise in importance and awareness of quality homegrown fruits and vegetables and the increasing trend of growing a terrace garden among the population is impacting the growth of the organic fertilizers market. The growing trend is fuelling the market growth of the fertilizer bags for the packaging of organic fertilizers.
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In the agricultural industry, the demand for reusable packaging for raw materials and final products is on the rise. The fertilizers bag are commonly made from plastics and are reused multiple times in the supply chain cycle. Fertilizer bags apart from being reusable offer the customers ease in packaging, storage, and transportation of the product.
The variations in government regulations globally are proving to be an obstacle to the expansion of the bags market. Many players have to encounter region-specific environmental regulations for their products, making the expansion a challenge in some regions.
In fertilizer bags, the product is to be protected from temperature and moisture allowing only a few options to the manufacturers in terms of material used and meeting the regulations.
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Key players such as
are actively involved in manufacturing fertilizer bags.
Key players in the fertilizer bag industry are partnering with several manufacturers in different countries. The strategic advantage is that they can start operations and establish their brand name in the country while following environmental and government regulations with the help of local partners.
Companies are also engaged in the research and development of new packaging solutions that are feasible for the fertilizers storage and usage by consumers.
The usage of fertilizers in the household sector is on the rise and the demand for innovative bags of fertilizers for this sector is high. The fertilizers in large bags are susceptible to environmental factors once opened making it difficult to store for household users who need only a small quantity.
Many innovative packaging options like block bottom and top with the ability to reseal in small bags are being introduced. Sustainable packaging options for fertilizers are also a segment that is explored by manufacturers to expand their market share and product portfolio.
The agrochemical market in the Asia Pacific countries like India and China has shown tremendous growth in the past years with rising demand for it to increase the yield. The agricultural production in these regions is very high and the demand for fertilizers to improve yields is on the rise. The fertilizer bags market in the Asia Pacific region dominates the global market and is showing great potential in the coming future.
The COVID-19 pandemic affected the global fertilizer bags market severely due to the imposed restrictions and lockdowns in many regions. Small companies struggled to survive in the pandemic the reason being less production due to a reduction in manpower, delay in the supply of raw materials, and other factors hampering the revenue.
The situation is getting better with each passing day and the global bags market may recover sooner than expected.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis and Forecast
6.1. Type Of Material
6.2. Application
6.3. Barrier Strength
6.4. Capacity
7. Global Market Analysis and Forecast, By Type Of Material
7.1. High-Density Polyethylene (HDPE)
7.2. Low-density polyethylene (LDPE)
7.3. Polypropylene (PP)
7.4. Paper
7.5. Others
8. Global Market Analysis and Forecast, By Application
8.1. Agriculture
8.2. Gardens
8.3. Sports Fields
8.4. Household
8.5. Others
9. Global Market Analysis and Forecast, By Barrier Strength
9.1. High
9.2. Medium
9.3. Low
10. Global Market Analysis and Forecast, By Capacity
10.1. Less than 15 kg
10.2. 16 – 50 kg
10.3. 50 kg and above
11. Global Market Analysis and Forecast, By Region
11.1. North America
11.2. Latin America
11.3. Europe
11.4. South Asia
11.5. East Asia
11.6. Oceania
11.7. Middle East & Africa
12. North America Sales Analysis and Forecast, by Key Segments and Countries
13. Latin America Sales Analysis and Forecast, by Key Segments and Countries
14. Europe Sales Analysis and Forecast, by Key Segments and Countries
15. South Asia Sales Analysis and Forecast, by Key Segments and Countries
16. East Asia Sales Analysis and Forecast, by Key Segments and Countries
17. Oceania Sales Analysis and Forecast, by Key Segments and Countries
18. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries
19. Sales Forecast by Type Of Material, Application, Barrier Strength, and Capacity for 30 Countries
20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
21. Company Profile
21.1. Sonoco Products Company
21.2. Greif Inc.
21.3. Amcor Limited
21.4. Mondi Group
21.5. NNZ group
21.6. LC Packaging
21.7. Nihon Matai Co.
21.8. Purity Flexpack Limited
21.9. Seevent Plastics Ltd.
21.10. Wooderson Packaging Ltd
21.11. Segezha Group LLC
21.12. Muscat Polymers Pvt. Ltd
21.13. ProAmpac LLC
21.14. Berry Global Inc.
21.15. Others
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Fertilizer Bags Market
