The polywoven bags market, valued at USD 5,219.4 million in 2023, is poised for significant growth, with projections indicating a rise to USD 8,341.2 million by 2033. This remarkable expansion, at a compound annual growth rate (CAGR) of 4.8%, highlights the growing demand for polywoven bags, driven by multiple factors, including the need for efficient product storage and safety.
Polywoven bags have become a popular choice across industries, particularly in the fast-moving consumer goods (FMCG) sector. Their ability to enhance product shelf life and ensure safe storage has made them an indispensable packaging solution.
The demand for these bags is expected to surge further as manufacturers increasingly look for packaging that not only protects products but also communicates their brand’s value proposition.
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One of the key advantages of polywoven bags is their ease of customization. These bags provide a highly effective surface for printing, allowing brands to enhance visibility and foster brand awareness through clear and seamless messaging. This ability to print directly on the surface of the bags makes them an ideal choice for companies looking to leverage packaging for marketing purposes.
Market Trends:
- Sustainability: The polywoven bags market is witnessing a trend toward the use of sustainable and recyclable materials, aligning with increasing environmental awareness.
- Innovations in Design: Manufacturers are focusing on innovations in polywoven bag design, including features like easy open/close mechanisms, handles, and enhanced printing capabilities.
- Increased Use in E-commerce: The growth of e-commerce has contributed to the demand for durable packaging solutions, and polywoven bags are being increasingly adopted for shipping and packaging goods ordered online.
- Global Market Expansion: The polywoven bags market is expanding globally as industries worldwide recognize the advantages of these bags in terms of durability and cost-effectiveness.
Key Takeaways: 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.
Market Key Players
- H Polesy & Co Pty Ltd
- LC Packaging
- Mondi Group
- Anita Plastics Inc.
- Knack Packaging
- AEP Industries Inc.
- Interplast Group
- Hanoi Plastic Bag JSC
- Da Nang Plastic Joint Stock Company
- Bischof & Klein GmbH & Co
- Inova Pvt. Ltd.
- Daman Polyfabs
Recent Developments
- May 2023 – Nova Chemicals, a polyethylene supplier partnered with biaxial film manufacturers around the world to produce BOPE-HD (biaxially oriented high-density polyethylene) film on commercial tenter frame lines. BOPE-HD is a fully recyclable alternative to traditional, non-recyclable mixed material films for flexible packaging.
- July 2023 – easy2cool invented and launched a paperfloc Eco-liner bag, in partnership with Mondi that contains shredded recycled paper to insulate cold products. This team-up has been done with the intent to replace unnecessary plastic for insulation packaging dedicated to e-commerce.
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 (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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