The PP woven sector is multiplying, while industries are facing a decline. The growth of the PP woven sector is driven by several factors, including increasing economies, rising population, and subsequent disposable income. The packaging industry is also a major factor that boosts the global Polypropylene woven bags and sacks market. PP woven bags are widely utilized for flood control goods, food packaging, farm product packaging, geotechnical packaging, and others.
The woven sacks market is expected to grow at a favourable CAGR of 6% during the forecast period. In contrast, the global market size was valued at USD 993.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4% from 2023. Here are some factors that are contributing to the growth of the PP woven sector.
Growth of the PP woven sector in coming years
The PP woven sector is expected to continue to grow in the coming years. According to Fact.MR, the global PP woven bags and sacks market is expected to surpass USD 6.2 billion by 2032, with a projected CAGR of 4.1 % during 2023-2032. The rising disposable income of people in emerging economies is providing to be a significant driver for lucrative opportunities in developing countries.
Growth post-COVID-19
The global economy is gradually gaining speed after the tough time of COVID-19, and industries are reviving from the shutdown, including the PP woven market. The Indian market is witnessing a steep increase in revenue from this segment of the market due to changing dynamics of international business. The US and other countries’ markets are highly dependent on Asia for the supply of PP woven bags and sacks, prevalently used for bulk packaging. The PP woven bags manufacturer in India and other Asian countries have been trying to meet the demand and supply, and they are competitive in the prices they are offering in the surge of gaining a bigger market.
According, to independent research on the woven plastics industry, the business overall is growing at an annual rate of at least 5%. With the rising demand for packaging products, key players have shifted their focus to the production of PP woven bags and sacks to become the most reliable manufacturers of custom-woven fabric. The retail and transportation worlds are becoming increasingly aware of the benefits of woven poly bags, often referred to as BOPP bags: they are lightweight but strong, cost-effective, and environmentally friendly.
Growth Globally
The global polypropylene woven bags and sacks market is segmented on the basis of type, product, end-user, and geography. The North American market is expected to witness the highest CAGR during the forecast period, while Asia-pacific is anticipated to grow its position during this period as well. The global polypropylene woven bags and sacks market accounts for ~1% of the global packaging market in 2023 and is estimated to have an absolute opportunity of USD 2.1 billion during the forecast years of 2023-2032.
The PP woven sector is rapidly growing due to several factors such as cost-effectiveness, strength, lightweight, and environmentally friendly nature. The growth of the packaging industry, rising per capita income, and favourable growth in developing regions are also contributing to its growth. The global economy’s gradual recovery from COVID-19 has also contributed to its growth. The Indian market has witnessed a steep increase in revenue from this segment due to changing dynamics of international business. The retail and transportation world’s increasing awareness about PP woven bags benefits has also contributed to its growth.
New Fabrics Packaging is a leading PP Woven bags and Fabric Manufacturer in India, dedicated to providing tailor-made packaging solutions that perfectly fit the specific needs of businesses. With a team of experts who work closely with customers to understand their requirements, New Fabrics Packaging creates high-quality bags from their in-house manufactured PP woven fabrics. These bags have a wide range of applications, including in industries such as Cement, Minerals, Agro, Chemicals, Food, Animal Feed, and Waste management. The company offers custom solutions based on specific usage and requirements and aims to be a dependable worldwide supplier for all bespoke packaging needs. Contact New Fabrics Packaging today to start creating a better packaging future.
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