Press release
Woven Sacks Market - Business Strategy and COVID-19 Market Scenario 2021- 2029
The global economy is gaining speed from a turtle paced crawl, which was encountered in 2020 due to the COVID-19 pandemic. Mass inoculation programs are helping to revive growth in the woven sacks market, which is tapping stable revenue streams in essential applications such as food, agriculture, and mission-critical projects in construction applications. Since the FIBC (Flexible Intermediate Bulk Container) sector is closely related to essential industries, stakeholders are witnessing business disruptions in Asia.Since distributors in the U.S. are heavily dependent on Asian countries for the supply of woven sacks and bulk bags, these distributors have been striving to maintain steady supply chains. Stakeholders in the woven sacks market are becoming competitive in their pricing to gain an edge over other suppliers. Since the pandemic is affecting lead times on distributor orders, manufacturers are bolstering local production capabilities.
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Farming, Construction Applications Fueling Demand for Customizable Woven Sacks
The woven sacks market is expected to reach a volume of 115,916 million units by 2031. Manufacturers are boosting their output capacities in polypropylene (PP) woven sacks that are being extensively used in farming, agriculture, and construction purposes. Sapphire Packaging Co., Ltd. - a Vietnam-based global provider of bags, is expanding its portfolio in PP woven sacks, non-woven shopping bags, and RPET (recycled polyethylene terephthalate) shopping bags.
Packaging of rice, fertilizers, and flour is fueling the demand for woven sacks. Manufacturers in the woven sacks market are increasing the availability of customizable PP woven sacks. Consumers are opting for sacks that are durable and water-resistant. Good quality woven sacks are being made with an additional lining to guarantee high strength and low permeability.
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Right Balance Between Physical and Chemical Modification Index Improves Recycled PP Materials
Polypropylene is being publicized as an excellent resin species developed after nylon. However, PP recycled materials in woven sacks are unstable and contain impurities. It has been found that the quality of recycled materials is poor, and the tensile strength & toughness are average. Hence, companies in the woven sacks market are increasing their R&D capabilities to improve recycled materials in PP woven sacks.
Manufacturers are striking the right balance between the physical and chemical modification index. This involves blending modification, blending ratio, adding ratio of functional additives, and blending ratio of recycled materials. Recycled materials in PP woven sacks is full of value, since an increasing number of clients, customers, and partners are becoming environmental conscious. On the other hand, PP woven sacks made from recycled materials can be cleaned and made into usable plastic particles again by recycling granulation process.
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The woven sacks market is projected to surpass the revenue of US$ 3.84 Bn by the end of 2031. Indian manufacturers, wholesalers, and suppliers such as Shah Laminators are building their product portfolio in HDPE (High Density Polyethylene) woven sacks & bags. Indian manufacturers are increasing efforts to establish global supply chains. They are developing HDPE woven sacks with flawless finish for the packaging of fertilizers, sand, and food grains.
In order to gain a competitive edge, companies in the India woven sacks market are offering customized solutions to increase the availability of HDPE woven sacks. HDPE woven sacks are estimated to dominate a higher revenue and volume share over PP woven sacks. On the other hand, manufacturers are increasing the production of PP woven sacks that are being widely used in fodder industry, chemicals, metal parts, and cement industry. Double side print is being preferred in PP woven sacks.
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