The global polywoven bags market size is expected to be valued at US$ 5,219.4 million in 2023. Expansion of the agriculture product packaging industry bolsters the overall scope for polywoven bags market, which is projected to expand at a CAGR of 4.8% between 2023 and 2033, totaling around US$ 8,341.2 million by 2033.
Polywoven bags are used for the end-users packaging, ensuring product safety throughout export. These bags are utilized to safeguard and pack bulk materials such as cereals, animal feeds, flour, cement, and sand. Further, these bags come in a variety of colors and sizes, and they can be personalized by the consumer’s preferences.
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Polywoven bags are made of both plastic and cloth and are recyclable, long-lasting, environment-friendly, anti-bacterial, impermeable, and crack-resistant.
The market snapshot for the polywoven bags market looks positive in the forecast period according to FMI, with expectations of continuous growth and expansion. Some of the key advantages of polywoven bags that add to their popularity and market growth include:
- Attractive characteristics of polywoven bags such as their high tensile strength, tear-resistance, and overall durability contribute to its market growth.
- The surge in demand for agriculture products and the expansion of the agro-based industries globally for products like seeds and fertilizers come across as an opportunity for the growth of polywoven bags market.
- The UV-resistant properties of polywoven bags make them adaptable for outdoor storage and export. Moreover, they are reusable which makes them ecological compared to the alternatives available on the market. This stimulates a growth environment for the key players in the market.
- The LDPE/PP liner laminated bags have gained momentum in the global market recently as they find applications in several end-user industries. Moreover, the regional ban on thin-film plastic bags leads to further growth and adoption of polywoven bags.
Polywoven bags come out as a versatile and dynamic packaging option. They can be used for a varied range of purposes in various industries such as flood control products, agricultural product packaging, food and beverage packaging, travel and tourism industry, and geotechnical packaging. This brings about a growth impact in the polywoven bags market.
The rapid development of technology and continuous improvements in production technologies are expected to set a trend of enhanced product quality along with cost-effectiveness. The option to avail customization and personalization on consumer demand attracts a key crunch of the client base.
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Bag the Key Takeaways
Study and research by FMI present the following depiction of the global and regional polywoven bags market:
- The manufacturers in the United States made substantial investments in research and development activities. The market for polywoven bags in the United States accounted for 20.1% of the share globally.
- The market in emerging economies of the Asia Pacific such as India and China is expected to maintain a healthy and significant growth CAGR of 5.4% and 4.7% respectively during the projected period.
- The polywoven bags market is anticipated to expand at an annual average rate of 3.3% in the United Kingdom, which is expected to lead to enhanced demands for various end-user products.
- Germany’s market for polywoven bags held a share of 5.7% in 2022 globally. The market is forecasted to experience notable growth through 2033. This can be attributed to the rapid development of technology and extensive research and development in the region.
Leading entities use developing novel products as a strategic way to increase their market presence among consumers. Further, companies are investing extensively in research and development to stay ahead in the market and offer innovative solutions.
Recent Developments
- February 2023 – LC Packaging announced that they intend to collaborate with Buenassa, a DRC-based company, and Shankar Packaging Ltd., a leading FIBC India-based producer. This collaboration might be done with the view of both companies to support the DRC government’s efforts to foster a traceable and ethical mining sector.
- July 2023 – Mondi invested € 16 million in FunctionalBarrier Paper Ultimate, state-of-the-art technology, an ultra-high barrier paper-based packaging solution. This enables Mondi to expand its sustainability portfolio. The FunctionalBarrier Paper Ultimate range is designed in a way that is recyclable and can substitute alternatives that are not eco-friendly.
Key Segments Profiled in the Polywoven Bags Market Survey
By Product:
- Linear
- Non-Linear
By Material:
- Polypropylene
- Polyethylene
By Application:
- Fertilizer bags
- Flour bags
- Seed bags
- Solid chemicals
- Cement bags
- Sugar/Salt Packaging bags
- Sandbags
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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