The global polypropylene woven bag and sack market value is expected to rise from US$ 4.0 billion in 2024 to US$ 6.1 billion by 2034. This estimated growth is expected to be driven by a consistent CAGR of 4.20% in the polypropylene woven bag and sack industry over the next decade.
Polypropylene woven bags and sacks manufacturers are responding to the increasing demand for PP woven bags and sacks from multiple industries like chemicals, edifice and construction, and food by increasing their production volumes of woven sacks. However, their primary use still lies in flood control, farm product packaging, food packaging, geotechnical packaging, etc.
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Industry participants can also be seen leveraging the revenue prospects in warehouse applications for spices, detergents, and facility materials. Furthermore, PP woven bags and sacks have a high appeal among end users due to their printability, affordability, and customizability to meet buyer requirements.
Polypropylene (PP) woven bags and sacks are becoming increasingly popular due to their higher sustainability compared to polyethylene (PE) alternatives, as they pose fewer environmental risks. The demand for these PP woven bags and sacks has surged, especially after restrictions were placed on using thin-film plastic bags.
Key Takeaways from the Polypropylene Woven Bag and Sack Market Report:
The global polypropylene woven bag and sack market reached a revenue of US$ 3.8 billion in 2023, experiencing a historical growth rate of 4%. In 2024, the laminated segment is expected to dominate with a 54.5% share, while the building and construction industry is forecast to account for 28% of the market.
Regionally, the United States in North America is projected to grow at a CAGR of 3.7% through 2034. Germany is expected to expand at a CAGR of 3.1% from 2024 to 2034 in Europe, whereas India in the Asia Pacific region is estimated to have a higher growth rate of 5% over the next decade.
Competitive Landscape:
Market players are concentrating their efforts on developing new and better products and concentrating on certain niches like food packaging, bags for hazardous materials, or medical applications to gain a competitive edge. Industry participants are further increasing their production capacity, coming into mergers and acquisitions, and widening their geographic expansion to meet the surging consumer demand.
Competitors in the market are further investing in automation and technology to streamline their production processes, enhance quality control, and lower their expenditures. Simultaneously, they are establishing strong bonds with distributors and suppliers to ascertain a constant flow of raw materials and timely product delivery.
Recent Advancements in the Polypropylene Woven Bag and Sack Market
In November 2022, Jaidayal Hitex, a Varanasi-based producer and specialist in the manufacturing of eco-friendly PP bags, announced an addition to Convertex CL 140 from W&H to produce AD proTex block bottom bags. The company has been able to accomplish a quality benchmark production in its Varanasi plant.
In December 2022, Suraj Logistix adopted sustainability solutions for cement packaging, with innovative lightweighting done by 25% PIR and W&H AD Protex sack concept. At the time of this news release, the company was equipped with an annual capacity of 50,000 metric tons of woven sacks.
Leading Key Players:
Leading key players in the Polypropylene Woven Bag and Sack market include Berry Plastics Inc., renowned for its innovative packaging solutions; Da Nang Plastic Joint Stock Company and Hanoi Plastic Bag JSC., significant players in the Vietnamese market; Shrijikrupa Polypack Pvt. Ltd. and Abdos Polymers Ltd., prominent Indian manufacturers; Umasree Texplast, known for its diverse product range; STPGroup, a major player in Southeast Asia; and Mondi plc, a global leader in packaging and paper solutions. Other notable contributors continue to drive market growth with their specialized offerings and regional dominance.
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