North America Agricultural Chemical Packaging Market Size

North America Agricultural Chemical Packaging Market Analysis

The North America Agricultural Chemical Packaging Market size is estimated at USD 0.99 billion in 2024, and is expected to reach USD 1.18 billion by 2029, growing at a CAGR of 3.40% during the forecast period (2024-2029).

• Agrochemical packaging is one of the crucial parts of the agriculture industry as agrochemical products, such as fertilizers and pesticides, are toxic. They require advanced packaging solutions, helping reduce the risk of storing, handling, and transporting such chemical products. Packaging solutions used here are designed for better sealing.
• Among the materials, plastic is the most widely used packaging material for agrochemical products. The demand for bags, bottles, pouches, and containers is increasing, and vendors in the market are offering innovative and high-safety packaging solutions. For example, Scholle IPN offers a bag-in-a-box pouch packaging solution for packaging agricultural chemical products in the market.
• With the advancements in biodegradable packaging solutions fueling the demand for such packaging solutions, various vendors in the market are focusing on adopting such solutions as part of their offering, focusing on recycled resins. For example, in January 2021, Mauser Packaging Solutions introduced the KORTRAX Barrier Tight-Head container for transporting hazardous solvent-based products that are traditionally difficult to contain. KORTRAX containers are 100% recyclable post-use and are available in 20-liter, 5-gallon, and 10-liter sizes.
• According to Federal laws and regulations, there are many regulations with which a product's label or markings must comply before being sold in the United States. Labeling requirements related to legal metrology must abide by The Fair Packaging and Labeling Act (FPLA) and Uniform Packaging and Labeling Regulation (UPLR). In addition, all products imported into the US must conform to Title 19, United States Code, Chapter 4, Section 1304 and 19 CFR 134, Country of Origin Marking regulations.
• The packaging regulations limit vendor profits and divide them into smaller packages as weight and quantity regulations are to be followed. Packaging solution providers also invest in compliance consultants and even outsource these compliance handling processes to entities that take care of these processes, thus impacting their profits in the market.
• The COVID-19 outbreak has affected international trade and global supply chains of essential and non-essential goods and services. With the spread of COVID-19 across the world, businesses have suffered significantly. The market was initially impacted due to the pandemic. Many countries in the region postponed the ban on single-use plastic. The pandemic led to the increase in the usage of plastic packaging for chemicals due to significant growth in e-commerce.