The market for polywoven bags, which had a value of US$ 4991 million in 2022, is projected to reach US$ 7801.3 million in 2032 and develop at a CAGR of 4.6% over the course of the forecast period.
The demand for polywoven bags is anticipated to increase due to the growing requirement for product storage as well as a number of other considerations. The fact that polywoven bags significantly contribute to guaranteeing product safety by extending the shelf life of the stored goods is what drives their sales.
Who are Some of the Key Market Players in the Polywoven Bags Market?
Some of the key players in the polywoven bags 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., and
- Daman Polyfabs.
Currently, all the key players are working towards providing sustainable solution for packaging. They are looking for ways to ensure that minimum wastage is generated from the production process, and the world remains a cleaner place to dwell.
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The Key Players Are:
- Knack Packaging
- AEP Industries Inc.
- Interplast Group
- Hanoi Plastic Bag JSC
- Da Nang Plastic Joint Stock Company
- Bischof & Klein GmbH & Co
- others
Global Polywoven Bags Market: Drivers and Restraints-
Polywoven bags carry advantages such as re-usability, Durability, light in weight, waterproof with a laminated film coating, tear resistant, low in cost over other packaging solutions that are available in the market. Thus, this factors majorly drive the global polywoven bags market across the globe.
The rise in population leading to the increase of urbanization is anticipated to fuel the demand for agricultural production across the world, and hence polywoven bags market is estimated to witness a significant growth rate over the forecast period. On the other hand, constant fluctuations in prices of raw material are expected to hinder the demand for polywoven bags.
Also, manufacturing of polywoven bags to a large extent is dependent on the agricultural production in the corresponding regions. These factors act as restraining forces that can hinder the growth of global polywoven bags market.
Global Polywoven Bags Market: Regional Overview
Geographically, the global polywoven bags market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
As compared to other regions, Asia-Pacific region is expected to dominate the global polywoven bags market over the forecast period. Increase in agricultural production owing to satisfy the needs of growing population in the developing economies like India & China is the primary reason to drive the growth of polywoven bags market in this region.
Also, increase in demand for construction materials such as cement, sand has led to growth in the application for polywoven bags in Asia-Pacific region. North America and Europe regions have a matured market for polymer manufacturing companies, and thus, the demand for polywoven bags is expected to show a steady rate of growth over the forecast period.
Latin America region is the one of the largest exporter of agricultural produce across the globe, and hence polywoven bags market in this region is expected to show an exponential growth. Growth in infrastructure development with an increase in requirement of construction material in the Middle-East and Africa has led to the growth of polywoven bags market. Overall, the global polywoven bags market is expected to grow at a healthy CAGR over the forecast period 2017-2025
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Key Segments Profiled in the Polywoven Bags Market Survey
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
- Sand bags
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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