Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 5.49 Billion | USD 8.77 Billion | CAGR at 4.80% | 2023 |
According to the report published by Zion Market Research, The Global Polywoven Bags Marketwas valued at USD 5.49 Billion in 2023 and is predicted to reach USD 8.77 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.80% during the forecast period.
This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global polywoven Bags market at the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Polywoven Bags Market
Packaging has a significant role in the end delivery of product to the consumers by ensuring its safety while shipping and it also helps to extend the shelf life of the product. Polywoven Bag are one such packaging method which is largely adopted all over the world. These bags are usually woven of polyethylene or polypropylene threads and are strong, lightweight, easy to print, and breathable. They are ideal for packing, storing and transport dry bulk products such as sugar, grains, animal feeds, flour, maize, sand, solid chemicals, and cement. Polywoven Bags are available in various colors, sizes, and shapes; they can be customized as per the requirement of the client.
The global polywoven bags market is segmented into its material type, product type, application, and geography.
On the basis of material type, the market is divided into polyethylene and polypropylene.
Based on product type, the market is segregated into non-linear polywoven bags and linear polywoven bags.
On the basis of applications, the market is categorized into sand bags, sugar and salt packaging bags, cement bags, solid chemicals, seed bags, flour bags, and fertilizer bags.
Based on geography, the market is diversified into North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa.
Features of polywoven bags such as durability, re-usability, waterproofing with a laminated film coating, light in weight, low in cost, and tear resistance will be the primary driving factors of the market. Other factors influencing market growth include a rise in population, rapid urbanization, and increasing demand for agricultural produce. However, instability in prices of raw materials may cause hindrance to market growth. Also, production rate might be affected as the manufacturing of polywoven bag is largely dependent on the agricultural produce of the corresponding region.
Report Attributes | Report Details |
---|---|
Report Name | Polywoven Bags Market Research Report |
Market Size in 2023 | USD 5.49 Billion |
Market Forecast in 2032 | USD 8.77 Billion |
Growth Rate | CAGR of 4.80% |
Number of Pages | 201 |
Key Companies Covered | LC Packaging, H Polesy & Co. Pty. Ltd., Anita Plastics Inc., Mondi Group, AEP Industries Inc., Knack Polymers, Hanoi Plastic Bag JSC, Interplast Group, Bischof & Klein GmbH & Co., Da Nang Plastic Joint Stock Company, Daman Polyfabs, and Inova Pvt. Ltd. |
Segments Covered | By Material Type, Product Type, Application, and Geography and By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
Asia Pacific holds the largest share of the market for polywoven bags. In order to satisfy the needs of growing population, there has been an increase in agricultural production, especially in developing economies of China and India. This is one of the primary reasons for the growth of the polywoven bags market in Asia and the Pacific. Following Asia Pacific in its growth is North America and Europe. The presence of polymer manufacturing companies has driven market growth in these regions. Latin America is one of the largest exporters of agricultural goods across the globe and hence the demand for polywoven bags will escalate in this region. Increasing infrastructural activities in the Middle East and African region will generate a high demand for polywoven bags during the forecast period.
Some of the major companies involved in the polywoven bags market include
By Material Type
By Product Type
By Applications
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