The Polywoven Bags Market is likely to be valued at USD 5,219.4 million as of 2023 and is anticipated to value at USD 8,341.2 million in 2033. This market is projected to expand at a CAGR of 4.8% during the forecast period.
The increasing need for the storage of products coupled with many other factors is expected to surge the demand for polywoven bags. The sales of polywoven bags are driven by the fact that they play a significant role in ensuring the safety of the products by assuring increased shelf-life of the stored product.
One of the main reasons why some of the manufacturers, especially those dealing with FMCG products might look out for polywoven bags is because they are in search of packaging which would help them convey the value proposition of their brand. This is possible only via printing over the surface of the bags.
The polywoven bags are easy-to-print bags and might help in spreading brand awareness effectively by supporting seamless and clear printing.
Even the statistics opine that the polywoven bags market share is anticipated to increase in the future. This can be particularized by the fact that previously, the CAGR of this market was 2.4% in the historical period. But owing to the expected surge in demand during the forecast period, the CAGR is expected to be 4.8% from 2023 to 2033.
| Report Attributes | Details |
|---|---|
| Polywoven Bags Market Valuation (2023) | USD 5,219.4 million |
| Polywoven Bags Market Anticipated Forecast Value (2033) | USD 8,341.2 million |
| Polywoven Bags Market Projected Growth Rate (2023 to 2033) | 4.8% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
A surge in the adoption of polywoven bags is expected because these are made of polypropylene or polyethylene strips which are woven in different directions to produce a lightweight and robust bag. It is this particular combination that customers look out for while searching for a solid packaging material.
Depending on the product to be stored, and depending on the shape and size which is being sought out by the manufacturer, there are different varieties of polywoven bags. The option of customization is expected to increase the demand for polywoven bags.
The sales of polywoven bags are expected to increase as these are reusable and assist many companies in achieving cost-cutting as well. Being waterproof and tear-resistant, the polywoven bags are used for storing dry bulk products like grains, sugar, cement, sand, certain types of chemicals, etc. This is expected to boom the polywoven bags market size further.
The burst strength of ploywoven bags is high as compared to plastic bags, because of which they find high utility in storing cement and certain kinds of cereals and pulses. This is expected to increase the demand for polywoven bags.
Another outstanding feature of polywoven bags is they can be gusseted. This makes the accommodation of bulky items easy. This may lead to an increase in the sales of polywoven bags. Additionally, the increased consumption of agricultural products presents a huge opportunity for the polywoven bags market. However, the ongoing inflation along with price fluctuation is a cause of worry for the polywoven bags market.
North America, which currently has a market share of 18%, is expected to show decent growth during the forecast period. Increasing demand for flexible, durable, and water-resistant packaging in the region is expected to surge the adoption of polywoven bags.
The companies which procure such bags in the region are looking for ways to maintain their brand name in the market, which can be done through printing over the bag and conveying the right message. The polywoven bags help in achieving that as well.
Europe, which currently has a market share of 20%, is expected to be one of the most dominant markets during the forecast period.
Apart from the flexibility and durability offered by the polywoven bags, people in this region are on the lookout for waterproof packaging. For achieving this kind of packaging, the manufacturers in this region are going in for polywoven bags. Moreover, the tear-resistant packaging offered by polywoven bags is something that has captured the attention of manufacturers in this region.
The start-up community in the polywoven bags market is actively in search of ways to make better quality polywoven bags with increased demand for robust bags across sectors.
Some of the start-ups in this space are erthos, Triplew, Ecokaari, and DAN*NA. These startups are looking for ways to develop lightweight polywoven bags. Moreover, these start-ups are also making the best possible use of the available technology to develop extremely highly resistant features for polywoven bags, which are likely to ensure the safety of the products.
Some of the key players in the polywoven bags market are 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., and Daman Polyfabs.
Currently, all the key players are working toward providing sustainable solutions for packaging. They are looking for ways to ensure that minimum wastage is generated from the production process and that the world remains a clean place to dwell.
Recent Developments
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 4.8% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product, Material, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East and Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Argentina, Germany, The United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC, South Africa |
| Key Companies Profiled | 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 |
| Customization | Available Upon Request |
The overall industry value could reach almost USD 8,341.2 million by 2033.
The global demand for polywoven bags rose at merely 2.4% from 2018 to 2022.
Owing to presence of leading manufacturers it currently holds 18% market share.
Printed polywoven bags are getting popular day by day.
Europe polywoven bags market contributes for 20% of the global revenue.
| Market Estimated Size in 2023 | USD 34.1 billion |
|---|---|
| Projected Market Value in 2033 | USD 50.3 billion |
| Value-based CAGR from 2023 to 2033 | 3.90% |
| Market Estimated Size (2023E) | USD 6.1 billion |
|---|---|
| Projected Market Valuation (2033F) | USD 9.9 billion |
| Value-based CAGR (2023 to 2033) | 4.2% |
| Market Estimated Size (2022) | ~USD 16.9 Billion |
|---|---|
| Market Projected Size (2032) | ~USD 37.5 Billion |
| Market CAGR (2022 to 2032) | ~8.3% |
Explore Packaging Formats Insights
View Reports
Polywoven Bags Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
