Trade Dynamics Fuel Market Growth: USA's Woven Bags Industry Envisions US$ 460 Million Incremental Opportunity by 2032, Fueled by Chemical Sector Expansion

The Woven Bags Market is experiencing substantial growth due to their versatile applications and eco-friendly nature. Woven bags, made from woven polypropylene or polyethylene, offer durability, strength, and resistance to tearing and moisture, making them ideal for packaging various goods, including grains, cement, chemicals, and agricultural products.

Their lightweight design reduces transportation costs and ensures easy handling. Additionally, woven bags are reusable and recyclable, contributing to their eco-conscious appeal. The market's expansion is further fueled by the booming construction and agriculture industries, especially in developing regions. With increasing awareness of sustainable packaging, the woven bags market is poised for continued growth.

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In 2021, the market for woven bags was estimated to be worth roughly US$ 5.8 Bn, growing by 3.2% year over year. Sales of woven bags are anticipated to grow steadily at a CAGR of 4.3% and reach a value of US$ 9.2 Bn by 2032. According to estimates, the woven bag market will account for 18% of the $33 billion worldwide bag market in 2022.

Woven bags have grown popular due to their inertness to moisture, chemicals, and extraordinary resistance and are nontoxic and lower in weight than conventional bags. Plastic polypropylene (PP) woven bags laminated with LDPE/PP lining also have a broader range of uses.

Apart from PP and HDPE, woven bags are made from a variety of materials such as cloth, threads, crip tape, and back seam adhesive. However, as compared to the usage of fresh materials, recycled components in PP woven bags are linked with inferior mechanical and physical qualities.

As a result, in order to generate high-quality recycled materials for woven bags, manufacturers should consider the physical and chemical modification index while adjusting the blending ratio of recycled materials. Manufacturers of jute woven bags are broadening their manufacturing beyond PP and HDPE.

Key Takeaways from Global Woven Bags Market

         Sales of the plastic woven bags segment is expected to increase by 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 is estimated to outpace other segments during the assessment period.
         As per the end-use industry, building and construction is the leading segment representing prominent demand for woven bags
         The food and agriculture industries are expected to create significant revenue-generating opportunities for the key players.
         South Asia and East Asia are estimated to be prominent markets 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 an 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

Mondi Group, Muscat Polymers Pvt. Ltd, Al-Tawfiq Company, Anduro Manufacturing, Uflex Ltd, Berry Globol Group, United Bags, Inc, Palmetto Industries, Emmbi industries, Mansarovar Agro Sacks Private Limited, Bang Polypack, Commercial Syn Bags Limited, ProAmpac, Palmetto Industries, and PrintPack.

Global Woven Bags Market by Category

-By Product Type:

         Pinch Bottom Bags
         Open Mouth Bags
         Valve Bags
         Gusseted Bags
         Block Bottom Bags
         Others (Perforated Bags, etc.)

-By Material:

         Plastic

o    Polypropylene (PP)

o    Polyethylene (PE)

         Jute

-By End Use:

         Agriculture
         Food
         Building & Construction
         Chemicals
         Retail
         Others (Tourism & Transport, etc)

By Region:

         North America
         Latin America
         Europe
         South Asia
         East Asia
         Middle East & Africa
         Oceania

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.