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Business Disruptions in Asia Affect U.S. Markets amid COVID-19 Pandemic

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, scrap PP woven sacks made from recycled materials can be cleaned and made into usable plastic particles again by recycling granulation process.

HDPE Woven Sacks Used for Packaging of Food Grains, Fertilizers

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.

Hemming Machines Gaining Popularity to Simplify Filling Processes for Woven Sacks

The woven sacks market is expected to grow at a favorable CAGR of 6% during the forecast period. Technical specifications in PP woven sacks involve UV (ultraviolet) protection, water, and dust-proof designs. Manufacturers are developing flexible and high strength PP woven sacks. These sacks are suitable for the packaging of sugar, animal feeds, barley, and salt, among others.

Top hemming machines are being used to bolster manufacturing of PP woven sacks. Fredavid Enterprises Co. Ltd. - a specialist in PP woven (Raffia) FIBC industry, is gaining recognition for its hemming machines specially built for PP woven sacks to help end users to avoid slipping down of the sacks when they go into the filling process.

Use of Heavy-duty PP Woven Sacks for Packing Whole Grains, Cement

HDPE woven sacks are being publicized as customizable, economical, and durable sacks that are being used for the transportation of products and for storage in large quantities. Apart from FIBC, agriculture, and food applications, stakeholders are tapping revenue opportunities in storage applications for detergents, spices, and construction materials.

Manufacturers in the woven sacks market are increasing their production capabilities for heavy-duty PP woven sacks that are being used for packing raw materials such as whole grains, cement & stone chips, and sugar, among other products. These sacks are being printed and customized as per client demands. Low cost and extremely durable attributes of PP woven sacks are grabbing the attention of end users. This helps to store products and raw materials for longer periods of time.

Reusable, Highly Economical Woven Sacks Undergo Rigorous Manufacturing Processes

The storage of seeds and chemicals is catalyzing the demand for woven sacks. Such trends are contributing to the growth of the woven sacks market. Manufacturers in the woven sacks market are increasing the availability of reusable, highly economical, and highly durable woven sacks. The manufacturing of premium quality woven sacks begins with converting the raw materials into tapes, which ultimately aids in reaching the final product. Once the process of conversion is completed and tapes are made, they are weaved in the machine to convert them into woven fabric.

Manufacturers in the woven sacks market are taking into consideration customer requirements to enable extrusion coating processes. They are practicing control over various manufacturing processes such as flexo printing, cutting, stitching, and packing.

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Analysts’ Viewpoint

In order to improve lead times during the COVID-19 outbreak, distributors are establishing good relationships with their overseas partners to accurately predict any potential delays in product delivery. Woven sacks are being produced using different materials such as fabric, threads, crip tape, and back seam glue apart from just PP and HDPE. However, recycled materials in PP woven sacks are associated with poor mechanical and physical properties as compared to the use of new materials. Hence, manufacturers should take into consideration the physical and chemical modification index to alter the blending ratio of recycled materials in order to develop high quality recycled materials for woven sacks. Apart from PP and HDPE, manufacturers are diversifying their production for jute woven sacks.

Woven Sacks Market: Overview

  • According to Transparency Market Research’s latest report on the global woven sacks market for the forecast period of 2021-2029, the market is estimated to be driven by developments associated with different product types of woven sacks and growth of building & construction, agriculture, and chemicals sectors
  • The global woven sacks market is expected to expand 1.7 times to the current market value during the forecast period

Growth of Agricultural Sector to Drive Demand for Woven Sacks

  • Agriculture industry is another major consumer of woven sacks. Demand for agricultural inputs such as hybrid seeds and fertilizers and allied services such as cold storage and warehousing is increasing in India at a fast pace, which is creating opportunities for the woven sacks market.
  • Growing population in the rural sector, rising ‘middle-class’ population across emerging economies, and increasing number of farmers are anticipated to drive the agricultural sector across the world
  • According to India Brand Equity Foundation (IBEF), agriculture is the primary source of livelihood for about 58% of India’s population. Gross Value Added (GVA) by agriculture, forestry, and fishing was estimated at INR 19.48 lakh crore (US$ 276.37 Bn) in FY20. The share of agriculture and allied sectors in the GVA of India at current prices stood at 17.8% in FY20. Consumer spending in India will return to growth in 2021 post the pandemic-led contraction, expanding by as much as 6.6%.

Cost-effective Flexible Packaging Facilitating Use of Fewer Resources for Packaging to Drive Global Market

  • Flexible packaging is popular due to its cost-effectiveness, durability, and lightweight. When compared to rigid packaging, flexible packaging uses 70% less plastic. During packaging and shelf placement, these products take up less space. Owing to its lightweight nature, flexible packaging is easily recyclable. Woven sacks also enhances the aesthetic appeal of the product and can augment product branding. Thus, an increasing inclination of product manufacturers toward the adoption of woven sacks as a flexible packaging solution over rigid packaging in primary packaging is observed.
  • Market leaders in various end-use industries such as food, building & construction, agriculture, are finding ways to reduce the cost incurred in the complete process of production and packaging of produced goods. Products packed in woven sacks need comparatively lesser shelf space, which makes it suitable for cost-effective transportation as compared to other forms of packaging, which is anticipated to drive the woven sacks market.

Rise in Trade Activities to Boost Woven Sacks Market

  • Majority of manufacturers are adopting woven sacks for import and export activities, to not only transporting construction materials, but also chemical materials. These bags are made of 100% virgin polypropylene resin, and they are therefore, qualified to be used for transporting and storing chemicals. India’s specialty chemical companies are expanding their capacities to cater to the rising demand from domestic and overseas. With global companies seeking to de-risk their supply chains, which are dependent on China, the chemical sector in India has the opportunity for the significant growth of the woven sacks market.
  • India is the fourth-largest producer of agrochemicals after the United States, Japan, and China. The India chemical industry stood at US$ 178 Bn in 2019 and is expected to reach US$ 304 Bn by 2025, registering a CAGR of 9.3%. The demand for chemicals is expected to expand by 9% per annum by 2025. The chemical industry is expected to contribute US$ 300 Bn to India’s GDP by 2025.

Woven Sacks Market: Key Findings

  • In terms of product, the pinch bottom sack segment is anticipated to be the most lucrative segment and estimated to hold nearly 2/3rd of market share during the forecast period
  • Attributing to high strength barrier and excellent resistant against moisture, the target pinch bottom sack segment is projected to gain significant momentum in the foreseeable future 
  • Based on end use, building & construction segment is expected to generate enormous demand for woven sacks. The target segment is anticipated to offer total incremental opportunity of approximately US$ 898 Mn by the end of 2029, and likely to expand 1.7 times to its market value over the next eight years. 
  • Manufacturers operating in the global woven sacks market can target the highly lucrative Asia Pacific region to strengthen the market position and financial revenues. The growing building & construction sector in the region in both urban and rural areas is fuelling the growth of the industry. Moreover, Europe is estimated to hold approximately 18.7% share of the market by the end of the forecast period.

COVID-19 Pandemic to Decline Market Growth Significantly

  • The COVID-19 pandemic has had a negative influence on the majority of industries in the market. The industries suffered losses as a result of limits on building & construction sector and lockdowns imposed around the world. Manufacturing output was lowered as a result of reduced production capacity and delays in the delivery of raw materials. The pandemic also had a significant impact on the woven sacks market.
  • The woven sacks market struggled to fulfil the market’s dramatically increased demand and suffered significant loses as a result. The target industry suffered a serious setback due to delays in raw material shipments and logistical constraints. Furthermore, with continued relaxation of transportation limitations and the following lifting of lockdowns, the market is expected to grow significantly over the next few years. Due to the ever-increasing demand, the woven sacks market is expected to recover comparatively faster.

Woven Sacks Market: Competition Landscape

  • TMR analyzed that the global woven sacks market is highly competitive owing to new start-ups and entry of local players. This completion among key players is carefully studied based on developments, strategies, and segmental revenues of companies in the past five years.
  • TMR differentiated market players as Tier 1, Tier 2, and Tier 3 as per their segmental earnings. Among these players, the Muscat Polymers Pvt. Ltd, Berry Global, Inc, and Mondi Plc. are identified as Tier 1 players in the woven sacks market. The Tier 2 players are Mansarovar Agro Sacks Private Limited, UFlex Ltd, Bang Polypack, and other major players.

Woven Sacks Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 2.2 Bn

Market Forecast Value in 2031

US$ 3.8 Bn

Growth Rate (CAGR)

6%

Forecast Period

2021-2029

Quantitative Units

US$ Mn for Value & Units for Volume

Market Analysis

It provides detailed demand analysis of various types of sacks such as open mouth sack, pinch bottom sack, gusseted sacks, valve sacks, etc. made of PP and HDPE materials. The report also highlights major aspects such as untapped market opportunities, recent market trends, parent market analysis, value chain analysis representing profit gains at each node, and various global and regional trends.

Competition Landscape

It includes market structure and value share of various key players and their performance in the past five years. It also covers detailed company profiles including various sections such as company overview, product portfolios, five-year business and financial developments, key differentiating strategies, and SWOT analysis.

Format

Electronic (PDF)

Market Segmentation

  • Product
    • Open Mouth Sack
    • Pinch Bottom Sack
    • Gusseted Sacks
    • Valve Sacks
    • Others
  • Material
    • Polypropylene (PP)
    • High Density Polyethylene (HDPE)
  • End Use
    • Building & Construction
      • Cement
      • Sand
      • Gypsum
      • Lime
      • Others
    • Agriculture
      • Cereals
      • Seeds
      • Cattle Feed
    • Chemicals
      • Fertilizers
      • Resins
      • Other Chemicals
    • Food
      • Flour
      • Sugar
      • Salt
      • Yeast
      • Other Foods

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Nordics
  • Japan
  • China
  • India
  • ASEAN
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC Countries
  • South Africa
  • Israel

Companies Profiled

  • Berry Global, Inc.
  • Mondi Plc.
  • UFlex Ltd.
  • Muscat Polymers Pvt. Ltd.
  • Mansarovar Agro Sacks Private Limited
  • Bang Polypack
  • Commercial Syn Bags Limited
  • Al-Tawfiq Company

Customization Scope

 

Pricing

Available upon Request

Woven Sacks Market– Scope of Report

Transparency Market Research (TMR) started a new study on the global woven sacks market, providing forecast for the period of 2021-2029. In the study, growth opportunity for the woven sacks is witnessed. The report provides valuable insights, which enable readers to make winning business decisions for future growth of their businesses. The report highlights significant factors that are constantly determining the growth of the woven sacks, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting market growth are also incorporated in the report.

Key Questions Answered in TMR’s Woven Sacks Report

  • What will be market size for woven sacks by the end of 2029?
  • Which is the most preferred material for manufacturing woven sacks in the global market?
  • Which region will remain most lucrative for market growth?
  • Which end use holds maximum market share in the global woven sacks?
  • What will be the impact of COVID-19 on the woven sacks market?
  • Who are the key players in the woven sacks market?

Key indicators associated with the woven sacks have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global woven sacks market. A comprehensive study on the value chain, which includes raw material suppliers, manufacturers, distributors, and end use have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of woven sacks. Furthermore, forecast factors and forecast scenarios of the woven sacks have been covered in the report to understand future prospects of the market.

A comprehensive evaluation and forecast on the woven sacks are provided on the product, material, end use, and region.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The woven sacks is analyzed at both regional and country levels.

The report delivers an exhaustive assessment on the structure of the woven sacks, in tandem with a dashboard view of all leading company profiles in the report. Every company’s share analysis on market players have also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of woven sacks manufacturers by leveraging an intensity map. It also highlights key end uses for woven sacks.

The report includes company overview of key players. Some of the key companies profiled in the woven sacks report include Berry Global, Inc., Mondi Plc., UFlex Ltd., Muscat Polymers Pvt. Ltd., Mansarovar Agro Sacks Private Limited, Bang Polypack, Commercial Syn Bags Limited, Al-Tawfiq Company, United Bags Inc, Da Nang Plastic Joint Stock Company, etc.

Research Methodology

A realistic methodology, along with a holistic approach makes the base for sharp insights, which are provided in the woven sacks for the study evaluation period. The TMR report comprises of detailed information on growth prospects, along with riveting insights into the forecast assessment of the market.

Extensive primary and secondary researches have been employed to garner keen insights into the forecast study of the woven sacks. The report has further gone through a cross-validation by in-house professionals to make the woven sacks report one-of-its-kind, with the highest credibility.

Woven Sacks Market – Segmentation

The global woven sacks market has been divided on the basis of product, material, end use, and region. Each of these segments are analyzed to provide readers with holistic view of the market.

Product
  • Open Mouth Sack
  • Pinch Bottom Sack
  • Gusseted Sacks
  • Valve Sacks
  • Others
Material
  • Polypropylene (PP)
  • High Density Polyethylene (HDPE)
End Use
  • Building & Construction
    • Cement
    • Sand
    • Gypsum
    • Lime
    • Others
  • Agriculture
    • Cereals
    • Seeds
    • Cattle Feed
  • Chemicals
    • Fertilizers
    • Resins
    • Other Chemicals
  • Food
    • Flour
    • Sugar
    • Salt
    • Yeast
    • Other Foods
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa

Custom Market Research Services

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Woven Sacks Market

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