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

Press Release from Future Market Insights

The global woven bags market was valued at around US$ 5.8 Bn 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 Bn by 2032. The woven bags market is estimated to hold 18% of the global bags market worth US$ 33 Bn in 2022.

According to Future Market Insights, the woven plastic bag market generated US$ 4.2 billion in revenue in 2021. (FMI). With the top 5 suppliers controlling 10-15% of the woven bag market in 2022, the need for plastic woven bags will increase.100% reusable and non-toxic plastic weaved bags are available. A thermoplastic polymer used in woven bags is polypropylene (PP), also known as polypropene.

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Key Takeaways from Global Woven Bags Market

· Sales of plastic woven bags segment is expected to increase 1.6x of the current market sales, by the end of 2032.

· The consumption of block bottom woven bags is estimated to capture a market share of 44% in 2022, and estimated to outpace other segments during the assessment period.

· As per end use industry, building and construction is the leading segment representing prominent demand for woven bags

· Food and agriculture industries are expected to create significant revenue generating opportunities for the key players.

· South Asia and East Asia are estimated as a prominent market for woven bags.

“ Eco-friendly woven bags using jute material in packaging are expected to gain traction in the next decade due to the consumer preference for recyclable and biodegradable woven bags ” – comments FMI analyst

Global Woven Bags Market Scenario

· Distributors in the U.S. are primarily reliant on Asia Pacific countries such as India and China for the supply of woven sacks and bulk bags. To obtain an advantage over other providers, stakeholders in the woven sacks industry are becoming more competitive in their price.

· Manufacturers are increasing their capacity to produce polypropylene (PP) woven bags, which are widely used in farming, agriculture, and construction. Sapphire Packaging Co., Ltd., a global manufacturer of bags located in Vietnam, is extending its PP woven sacks, non-woven shopping bags, and RPET (recycled polyethylene terephthalate) shopping bags line.

· Following nylon, polypropylene is being promoted as a good resin species. PP recycled materials in woven bags, on the other hand, are unstable and contain contaminants. The quality of recycled materials has been discovered to be low, with average tensile strength and hardness. As a result, woven bag manufacturers are beefing up their R&D skills in order to better recycled materials in PP woven bags.

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Global Woven Bags Market Landscape