The Polypropylene Woven Bag And Sack Market share is estimated to exhibit consistent growth throughout the forecast period, expanding at a CAGR of 4.2%. The market size is expected to expand from USD 4.0 billion in 2024 to USD 6.1 billion by 2034.
Drivers for the Growth of Polypropylene Woven Bag and Sack Market
Attributes | Key Insights |
---|---|
Estimated Polypropylene Woven Bag and Sack Market Size (2024E) | USD 4.0 billion |
Projected Polypropylene Woven Bag and Sack Industry Value (2034F) | USD 6.1 billion |
Value-based CAGR (2024 to 2034) | 4.2% |
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Leading Bag Type | Laminated |
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Value Share (2024) | 54.50% |
The laminated polypropylene woven bags and sacks are projected to continue finding higher demand in the forecast period. Thus, continuing the growth trajectory it has enjoyed since 2019, with a slight change in consumer demand from time to time. Factors that are contributing to this bag type are:
Leading End Use | Building and Construction |
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Value Share (2024) | 28% |
The building and construction sector is expected to enjoy a prominent share in the PP woven bag and sack market in the following years. FMI analysts have estimated that this end use industry is expected to seize a share of 28% in 2024. Growth of this segment is driven by:
In North America, the purchase rate of polypropylene woven bags and sacks is predicted to go up on account of surging demand for these bags among the end users. Their attractiveness lies in their affordability in storage and packaging, non-toxicity, lightweight structure, antibacterial qualities, etc.
The regional market is also driven by an uplifting demand for specialty chemicals, sugar, ingredients for baked goods, pet food, etc., as well as emerging opportunities in bulk packaging for polypropylene woven bags and sacks manufacturers.
Since the region is home to many market players, the production and supply of these bags across the market are expected to be constant and meet consumer demand.
The Asia Pacific region is projected to progress at a higher rate than North America and Europe. This regional market is driven by rising expenditure by middle-class consumers and rapid urbanization. Additionally, an increase in building and construction activities is projected to consolidate the market growth in the upcoming years.
Countries | Forecast CAGR (2024 to 2034) |
---|---|
The United States | 3.70% |
Germany | 3.10% |
China | 4.60% |
India | 5.00% |
Thailand | 3.80% |
Market demand for polypropylene woven bags and sacks in the United States is projected to rise at a CAGR of 3.70% through 2034. The United States market is driven by the following factors:
The polypropylene woven bag and sack market in Germany is estimated to register a CAGR of 3.10% from 2024 to 2034. The market in Germany holds an important place in Europe's polypropylene woven bag and sack industry. Given below are the top factors that are contributing to market advancement:
The India polypropylene woven bag and sack market is driven by a continuous surge at a CAGR of 5% over the next 10 years. India leads the Asia Pacific market in terms of growth. Responsible market growth factors are listed below:
The sales of polypropylene woven bags and sacks in China are propelled by 4.6% over the forecast period. The regional market is set to expand in size owing to:
The Thailand polypropylene woven bag and sack industry is driven by a CAGR of 3.8% during the assessment period. Factors compelling the product’s sales are:
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Industry participants are investing in research and development activities and emphasizing on multiple tactics to grab a larger pie of polypropylene woven bag and sack market.
Furthermore, the leading businesses utilize new product development as a key move to elevate their visibility quotient among potential clients. Besides, players are intent on producing high-tech polypropylene bags and sacks to maintain their relevancy in the midst of changing consumer demands.
Players are planning for a growth trajectory by making space for themselves in unexplored markets, especially in emerging countries with brimming business opportunities for woven PP cement sacks.
Apart from this, market contenders are ramping up their production capacity to meet the growing consumer demand. Companies are merging or acquiring smaller-sized firms to enjoy various benefits like economies of scale, expansion of product portfolios, and access to latest technologies available in the market.
Latest Developments in the Polypropylene Woven Bag and Sack Market
The market is estimated to account for USD 4.0 billion in 2024.
Throughout the forecast period, the polypropylene woven bag and sack industry is projected to register a CAGR of 4.2%.
By 2034, the polypropylene woven bag and sack industry is forecast to be worth USD 6.1 billion.
Building and construction sector is expected to obtain a substantial value share in the polypropylene woven bag and sack market.
India is expected to find substantial growth prospects in the future.
Leading companies in the polypropylene woven bag and sack industry include Abdos Polymers Ltd., Umasree Texplast, and STPGroup.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Uncoated 5.2. Laminated (Coated) 5.3. Gusset 5.4. BOPP bags 5.5. Perforated 5.6. Liner Woven Bags & Sacks 5.7. Small Bags 5.8. EZ Open Bag 5.9. Valve Bag 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 6.1. Pharmaceuticals 6.2. Fertilizers 6.3. Chemicals 6.4. Sugar 6.5. Polymers 6.6. Agro 6.7. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Berry Plastics Inc. 17.2. Da Nang Plastic Joint Stock Company 17.3. Shrijikrupa Polypack Pvt. Ltd. 17.4. Abdos Polymers Ltd. 17.5. Umasree Texplast 17.6. STPGroup 17.7. Hanoi Plastic Bag JSC. 17.8. Mondi plc 17.9. Printpak Inc. 17.10. Palmetto Industries 18. Assumptions & Acronyms Used 19. Research Methodology
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