The eco-friendly and sustainable packaging options in the North America agricultural packaging market have gained traction as environmental consciousness becomes a significant factor in consumer decision-making. Hence, companies are striving to meet this demand and focus on offering sustainable packaging solutions in the region. For instance, in November 2023, Huhtamaki North America launched a new line of sustainable molded fiber-based cartons for use by egg producers in the U.S. These cartons are produced using 100% recycled material and serve as an alternative to conventionally used polystyrene foam in the egg market. The new product line is part of Huhtamaki's commitment to sustainable packaging and its goal of making all its packaging recyclable and compostable by 2030.
North American countries-U.S., Canada, and Mexico-replaced the existing North America Free Trade Agreement (NAFTA) by the U.S.-Mexico-Canada Agreement (USMCA) on July 1, 2020. Since NAFTA did not eliminate all tariffs on agricultural trade between the U.S. and Canada, the USMCA will bring in new market opportunities for agricultural exports and imports among the North American countries, thus boosting the agricultural packaging demand. For instance, according to the Economic Research Service, in 2022, the U.S. received 51% of its fresh fruit imports from Mexico and 2% from Canada, while 69% of its fresh vegetable imports came from Mexico and 20% from Canada in terms of value. The U.S. continues to be the top global importer of fresh fruits and vegetables, with import value exceeding USD 28 billion in 2022. This import and export outlook of the North American countries is expected to create the demand for the protective packaging solutions, which, in turn, is expected to have a positive impact on the growth of the agricultural packaging market during the forecast period.
Major players operating in the agricultural packaging market in North America are launching recyclable and biodegradable agricultural packaging products in the market to enhance their competitiveness and prioritize their sustainability. For instance, in May 2022, TekniPlex introduced a line of 100% PET processor trays made from 50% post-industrial recycled materials. These shatter-resistant food trays are premium products that are expected to meet the packaging requirements of the fresh food industry.
North America Agricultural Packaging Market Report Highlights
- Plastics dominated the material segment with more than 64.0% share in 2023 owing to superior durability and ability to protect agricultural products from external factors such as moisture, pests, and physical damage during transportation and storage.
- The paper & paperboard material segment is expected to grow at a fastest rate due to growing demand for eco-friendly and sustainable packaging solutions in the agriculture industry.
- The poultry packaging application segment held the largest market share of over 49.0% in 2023 and is anticipated to witness fastest growth over the forecast period.
- U.S. dominated the North America agricultural packaging market owing to factors such as increasing poultry consumption and rising horticulture sector across the country.
- Market players operating in North America agricultural packaging market include Amcor plc, FormTight, Inc., DS Smith, Mondi, Atlantic Packaging, FLAIR Flexible Packaging Corporation, PPC Flexible Packaging LLC, Flexpack, Transcontinental Inc., Tekni-Plex, Inc., Sealed Air, Sonoco Products Company, Huhtamaki Oyj, CLONDALKIN GROUP, ProAmpac, Genpak, Sambrailo Packaging, and WINPAK LTD.
- In July 2023, Mondi announced an investment of USD 18 million in technology to develop a new line of ultra-high barrier paper-based packaging solutions. The new range, known as Functional Barrier Paper Ultimate, is designed to address the increasing demand for sustainable packaging. This addition to the company’s portfolio expands its offering of high-barrier paper-based packaging for food products such as dried foods and dried fruits.
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Table of Contents
Companies Mentioned
- Amcor plc
- FormTight, Inc.
- DS Smith
- Mondi
- Atlantic Packaging
- FLAIR Flexible Packaging Corporation
- PPC Flexible Packaging LLC
- Flexpack
- Transcontinental Inc.
- Tekni-Plex, Inc.
- Sealed Air
- Sonoco Products Company
- Huhtamaki Oyj
- CLONDALKIN GROUP
- ProAmpac
- Genpak
- Sambrailo Packaging
- WINPAK LTD.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 120 |
Published | June 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 406.4 Million |
Forecasted Market Value ( USD | $ 569.46 Million |
Compound Annual Growth Rate | 5.0% |
Regions Covered | North America |
No. of Companies Mentioned | 18 |