Polywoven Bags Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Polywoven Bags Market grew at a CAGR of 4.1% between 2017-2021 and is estimated to be US$ 4325.8 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.7% and is expected to reach a valuation of US$ 6,847.5 Mn by 2032 end.

In recent years, the use of polywoven bags has increased significantly. Polypropylene or polyethylene strips are woven in different directions to produce a lightweight and robust bag. This combination sets these bags apart from other products in that they allow for an extremely light package but do not compromise strength or durability.

Market Dynamic

VARIOUS END-USE  DRIVES THE MARKET FOR POLYWOVEN BAGS

The value of the market is tipped to rise as key organizations such as crop farmers and textile mills adopt woven sacks in their operations. Worldwide, over two million cotton plantings and five million hectares are under food crops. With an increased demand for cheap raw materials and agricultural produce, manufacturers supplying the market have been focusing on weaving stiffer synthetic yarns for tailor-made PP woven sacks.

HIGH FLUCTUATIONS IN RAW MATERIALS HAMPER THE MARKET GROWTH

The polywoven bag market is a relatively new product, which has resulted in the industry being highly capital-intensive and lacking significant economies of scale. However, the demand for polywoven bags concerns ongoing inflation and price volatility. High levels of uncertainty regarding the future of the industry have reduced investment in new capacity and resulted in decreased demand for polywoven bags from a few years ago.

THE RISE IN THE AGRICULTURE SECTOR WILL CREATE MORE OPPORTUNITIES FOR THE MARKET

The market for polywoven bags has a tremendous opportunity due to the rise in the consumption of agricultural products. Polywoven bags also offer increased efficiency and safety compared with traditional paper bags. In addition, they are reusable and can be recycled after use.

COVID-19 Impact

The global economy is gaining speed from a turtle-paced crawl, which was encountered in 2019 due to the COVID-19 pandemic. Mass inoculation programs are helping to revive growth in the woven sacks market, which is tapping stable revenue streams in essential applications such as food, agriculture, and mission-critical projects in construction applications.

However, This is greatly affecting the supply chains of woven sacks and bulk bags in the U.S. Since distributors in the U.S. are heavily dependent on Asian countries for the supply of these products, the distributors are striving to maintain steady supply chains by keeping competitive pricing with other suppliers, or even risk losing business to them. Manufacturers are also boosting local production capabilities to meet increased demand during this pandemic as it impacts lead times on distributor orders. The market value might not catch up to the pre-COVID-19 value until 2027.

Market Segments Covered in Report

By Product:

• Linear Polywoven Bags
• Non-Linear Ploywoven Bags

By Material:

• Polypropylene
• Polyethylene

By Application:

• Fertilizer bags
• Flour bags
• Seed bags
• Solid chemicals
• Cement bags
• Sugar/Salt Packaging bags
• Sandbags

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are HDPE Woven Sacks projected to ensure the most revenue during the forecast period?

At 50.0% of the market, HDPE Woven Sacks had the greatest revenue share. Woven sacks are high-volume, versatile, and durable. They can be produced from paper or other materials. HDPE woven sacks and bags are used as packing material in packaging industries like food, chemicals, wood pulp, and oil. To gain a competitive edge, Indian manufacturers offer customized solutions, including double-sided printing and injection molding. As far as PP woven sacks are concerned, they are used for packing corrugated cardboard boxes in the food industry.

Why is the Packaging segment expected to expand the fastest during the forecast period?

In 2021, As the transportation industry becomes more modernized, new innovative tools are emerging for companies to enable them to compete in this arena. HDPE woven sacks are being touted as customizable, economical, and durable. In addition, they can also be printed or customized based on your needs. The woven sacks market is supported by demand for heavier-duty PP woven sacks. This increased production capacity has helped to address concerns about shrinkage and product damage due to heat during transit and a significant rise in global population growth which requires greater quantities of raw materials worldwide.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• In 2021, the Asia Pacific market held a sizeable revenue share of 46.2%. Customers in this region are looking for bags with superior quality, durability, and flexibility. Polywoven bags fulfill these requirements with their exceptional quality and durability.
• The region’s demand for flexible, durable, and water-resistant packaging will surge during the forecast period. Companies that procure such products in North America are looking to maintain their brand name in the market by printing over the bags and conveying the right message. Polywoven bags help achieve this.

Competition Analysis

All of the major players are attempting to develop sustainable packaging solutions. They are searching for ways to ensure that the production process generates the least amount of waste possible and that the globe is cleaner.

Some of the key developments that have taken place in the Polywoven Bags Market include:

• In April 2022, Together with Plastic Bank, LC packaging and M B Nieuwenhuijse worked to turn the tide on ocean plastic and provide a sustainable future for future generations.
• In June 2022, Swiss Packaging awards were won by the Mondi group’s recyclable stand-up retort pouch, showcasing packaging innovation and ingenuity.

A list of some of the key suppliers present in the market are:

• H Polesy & Co Pty Ltd
• LC Packaging
• Mondi Group
• Anita Plastics Inc.
• Knack Packaging
• AEP Industries Inc.
• Interplast Group
• Hanoi Plastic Bag JSC
• Da Nang Plastic Joint Stock Company
• Bischof & Klein GmbH & Co
• Inova Pvt. Ltd.
• Daman Polyfabs

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.

• Report Includes

  Market Size Data

  • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
  • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
  • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
  • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
  • Incremental dollar opportunity generated in the forecast period would be indicated
  • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

  Market Background

  • Macroeconomic factors that impact the market developments
  • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
  • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
  • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
  • Trade analysis and analysis of key supply and demand hubs
  • Identification of hotbed opportunities existing in the market
  • Porter’s and PEST analysis to understand the business environment of the geography
  • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

  Pricing Analysis

  • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
  • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
  • Cost teardown analysis and key factors impacting pricing

  Value Chain Analysis

  • Country-wise list of raw material suppliers
    • Raw material price trends and buyers’ sentiment
    • Overview of Intelligent Sourcing Technique
    • Raw material procurement requirements
    • Vendor selection criteria
  • Country-wise list of product manufacturers
  • Country-wise list of distributors/traders
  • Country-wise list of end-users
    • End-Users/Customers consumption mapping
    • Key End-Users/Customers client list
  • Country-wise list of other key channel partners
  • Average profitability margins
  • Regional value chain dynamics

  Competition Analysis

  • Market shares and production capacities of key players
  • Tier structure analysis of market
  • Comprehensive competition dashboard representing the top 10-15 players in the market
  • Individual company profiles of top 15 to 20 manufacturers
    • Business Overview
    • Product Portfolio
    • Key Financials
    • Recent Developments
    • SWOT Analysis
    • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

Why Choose CVC Market Research?;

• Specialized market research company
• Impeccable and deep industry expertise
• Wide range of offerings
• Robust research methodology and statistical models with least deviation
• Extensive reports and full-service consulting
• Expert panel sanctioned industry outlook
• Growth dynamics for calculated investments
• Tri-level quality guarantee
• 6 months unlimited post-sales support
• Regular planned and contracted report updates