Woven Bags Market by Product Type, Material, End Use & Region | Forecast 2022 to 2032 Market Insights on Woven Bags covering sales outlook demand forecast and up-to-date key trends

Woven Bags Market Outlook (2022-2032)

    The global woven bags market was valued at around US$ 5.8 Billion in 2021, registering year-over- year (Y-o-Y) growth of 3.2%. Woven bags sales are projected to increase at a steady CAGR of 4.3% and top a valuation of US$ 9.2 Billion by 2032.The woven bags market is estimated to hold 18% of the global bags market worth US$ 33 Billion in 2022.

    Woven plastic bags market revenue totaled US$ 4.2 Billion for 2021, according to Future Market Insights (FM1). The demand for woven plastic bags will accelerate with the top 5 providers holding10%-15% of the woven bags market in 2022.

Plastic woven bags are non-toxic and 100% reusable. Polypropylene (PP) plastic, commonly known as polypropene, is a thermoplastic polymer used in woven bags. They offer good strength against heavy loads and tear resistance to minimize or eliminate product loss.

Attributing to this, the polypropylene segment is expected to lead in the global market during the assessment period. Further, in 2021, the USA woven bags market grew by 3.6% year on year. Across North America, total sales of woven bags are estimated to reach US$ 1 Billion by 2022.

2015 to 2021 Global Woven Bags Market Demand Outlook Compared to 2022 to 2032 Forecast

    The global woven bags market grew at a CAGR of 3.7% over the period of 2015 to 2021. However, the market for woven bags is poised to expand at a significant pace over the forthcoming decade.

    Due to the numerous benefits of woven bags, demand for woven bags in diverse industries such as building and construction, chemicals, and food is consistently increasing. To cater to this rising.demand, manufacturers are increasing the production capabilities of woven bags. On the back of

these factors, the woven bags market is expected to increase at a CAGR of 4.3% between 2022 and2032.

    Woven bags are used in a variety of sectors due to their properties such as being non-toxic and100% reusable. Hence, PP woven bags are widely utilized for flood control goods, food packaging, farm product packaging, geotechnical packaging, and others.

    Producers are developing novel sustainable woven sacks and bags that are both ecologically friendly and long-lasting. This is resulting in a lower carbon footprint and a negative impact on the environment.

How will Demand for PP Woven Bags Affect the Sales in the Woven Bags Market

    PP woven bags are marketed as adaptable, cost-effective, and long-lasting sacks that may be used for product transportation and storage in big quantities. Apart from FIBC, agriculture, and food applications, players are leveraging income prospects in storage applications for detergents, spices, and building materials.

    Heavy-duty PP woven bags are used for packing raw materials such as whole grains, cement & stone chips, and sugar,among other things. Hence, manufacturers in the woven sacks market are expanding their manufacturing capacity.

These bags are printed and tailored to meet the needs of the customers. Hence, end users are opting for PP woven bags due to their low cost and high durability. This allows products and raw materials to be stored for longer periods of time.

What are the Key Opportunities for Woven Bags Manufacturers

    Growing environmental issues and sustainability are the prime concerns among end users. Hence, some government authorities are passing legislation to prohibit the usage of single-use plastic bags and imposing taxes to offset the environmental impact resulting during production and disposal. Due to the environmental hazards associated with virgin plastic and single-use plastic packaging, manufacturers and end users are looking for good alternate solutions that will overcome this challenge.

    Although plastic woven bags are not completely biodegradable, these bags are considered a green solution owing to their bulk volume carrying capacity, reusability, and easy recycling. Some of the manufacturers are including PCR material for manufacturing plastic woven bags that optimized the environmental issues. On the other hand, few manufacturers are increasing the production capacity of jute bags. Manufacturing of multi-use woven bags is emerging as a lucrative small business idea, in light of the steadily increasing demand for sustainable bulk bags.

Country-wise insights

How is the USA Woven Bags Shaping the Market?

Expansion ofthe USA Chemical Sector to Create Growth Prospects Woven Bags Manufacturers

    As per the American Chemistry Council, chemical imports and exports in the USA have significantly increased in 2021. The export of chemicals increased to US$ 151 Billion in 2021, while the import of chemicals increased to US$ 127 Billion.

    lt is expected that in 2022, the export will increase by 7.3% and set a benchmark of US$ 162 Billion, while imports will increase by 7.1%, resulting in us$ 136 Billion.The statistics also show that the US exports of chemicals will reach USS182 Billion, by the end of 2025.

    The significant growth in the trade of chemicals in the USA will create demand for woven bags in near future. Based on these facts it is predicted that the USA woven bags market will create an incremental opportunity of US$ 460 Million, by the end of 2032.

Will India Emerge as a Prominent Woven Bags Market?

India to be the Epicenter of Global Woven Bags Market Amid Expansion of Agriculture Sector

    According to FMl, the woven bags market increased at a growth rate of 4.6% during the historic period from 2015 to2021 and is expected to increase at a CAGR of ~7% in the next decade.

    As per the Food and Agriculture Organization of the United Nations, agriculture and allied sectors are the largest sources for boosting the economy of lndia. lndia is the largest producer (25% of global production), the consumer (27% of world consumption), and the importer (14%) of pulses in the world.

    India's annual milk production was 165 MT (2017-18), making lndia the largest producer of milk, jute, and pulses. It is the second-largest producer of rice, wheat, sugarcane, cotton, and groundnuts. Frequent shipping and transportation of these products are expected to amplify the demand for woven bags in lndia.

    Based on these facts, the lndian woven bags market is expected to witness a gain of 300 BPS of current market share, during the forecast period.

Category-wise lnsights

Which Material is Most Preferred for Woven Bags?

    According to FMl, laminated polypropylene woven bags have the highest market share, accounting for around 56.7% of the total market. One of the main factors contributing to its increased use is its durability and resistance to wear and strain.

    lts high melting point, chemical resistance to oils, solvents, mildew, bacteria, and sun exposure all contribute to improved applicability. Polypropylene woven bags and sacks are also more widely used and used since they are waterproof, lightweight, and flexible.

    On the back of these factors, the demand for laminated woven sacks is projected to increase by 1.8X. During the forecast period, the plastic material segment for the woven bags market is expected to grow at a CAGR of 4.6%.

Which is the Leading End-Use Industry in the Global Woven Bags Market?

Sales of Woven Bags in Building & Construction to Increase at a Robust Pace

    In terms of end-user, building and construction, agriculture, culinary, retail, and shopping are a few of the industries that use globally weaved bag sacks. However, in 2032, the building and construction application sector would have the biggest market share, accounting for 34.8% of the demand share between 2022 and 2032.

Competitive Landscape

    The global woven bag market is extremely fragmented and competitive according to Future Market Insights (FMI). Key players use a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.

    Leading organizations also use new product creation as a strategic way to expand their market presence amongcustomers. Advanced woven bags have been incorporated as a result of these tactics. Some of the recent developments in the market are as follows -

· Emmbi has lately created woven bags and sacks that resemble paper. They are a preferable alternative to weaker paper bags since they are composed entirely of polypropylene and are completely recyclable. They are rectangular and laminated, and they have a wide range of applications in agriculture.

· BOPP laminated polypropylene woven sacks and bags are available from ANDURO Manufacturing for agricultural purposes. lts most recent invention is the introduction of ecologically friendly BOPP bags, which have a decreased carbon impact throughout the production process. As a result, it provides the agriculture business with long-term solutions while also keeping the contents of the bags secure.

Scope of the Report

By Product Type:

·Pinch Bottom Bags

·Open Mouth Bags

·Valve Bags

·Gusseted Bags

·Block Bottom Bags

·Others (Perforated Bags, etc.)

By Material:

·Plastic

·Polypropylene (PP)

·Polyethylene (PE)

·Jute

By End Use:

·Agriculture

·Food

·Building & Construction

·Chemicals

·Retail

·Others (Tourism & Transport, etc)

By Region:

·North America

·Latin America

·Europe

·South Asia

·East Asia

·Middle East & Africa

·Oceania