Woven Sacks Market Size, Share & Analysis Report, 2022-2030
The global Woven Sacks market gathered revenue around USD 2.45 billion in 2021 and market is set to grow USD 3.1 billion by the end of 2030 and is estimated to expand at a modest CAGR of 6.2% during the prediction period 2022 to 2030.
Growth Factors:
Woven sacks offer excellent resistance to stress, and high resistant to cracking, are easy to produce, assemble, of economic material, non-toxic, non-staining, and light in weight with low density. The ongoing shift in the preference from rigid to flexible packaging has surged the demand for woven sacks across various industries, including food, building & construction, agriculture, and chemicals. Woven sacks are resistant to most alkalis and acid, organic solvents, degreasing agents, thereby increasing consumption at global level. The Nova one advisor team segmented the analysis of woven sacks market based on product, material, end use, and region. N terms of machine type, automatic segment in the global woven sacks market is account for substantial market share and is expected to drive the overall woven sacks market during the forecast period.
Report Coverage
| Report Scope | Details |
| Market Size | USD 3.1 billion by 2030 |
| Growth Rate | CAGR of 6.2% From 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Type, Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned |
Bones Inc.; Kyoto Animation Co., Ltd.; Madhouse Inc.; Production I.G, Inc.; Toei Animation Co., Ltd. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Woven Sacks market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Intensifying Demand from Asia Pacific Chemical Industry to Drive Woven Sacks Market
The global rise in demand for user-friendly packaging solutions results in higher demand for flexible packaging solutions, as consumers are stimulated to buy convenient packaging solutions over other alternatives. The outcome of the growing popularity of flexible packaging solutions is a sharp rise in sales of woven sacks for packing their products & offerings by various end-use industries. As compared to other rigid packaging solutions used for packaging building & construction, agriculture, chemicals, and food, usage of woven sacks for the same goods results in increased shelf lives of the product. End-use industries can cater to advanced market needs of delivering the product such as foods, vegetables and seafood, by keeping the freshness of the product intact. Flexible packaging solutions such as pouches, wraps, and bags in comparison with rigid clamshells, trays, and boxes maintain the freshness of the product and keep it free from external moisture and harsh atmospheric repercussions. The abovementioned factors are projected to drive the demand for woven sacks globally and result in the future growth of the global woven sacks market.
Advanced Technology to Enhance Recycling
Technology has aided in streamlining and increasing the efficiency of the recycling process. Recyclers acquire a variety of plastics, which can be time-consuming and expensive to sort by hand. As a result, recyclers are turning to high-tech solutions such as infrared (IR) lasers. Air bursts puff various plastics into separate streams for recycling when IR rays shine on them and detect their different contents. Furthermore, traditional plastic recycling techniques use a lot of water. Some recyclers have devised methods for cleaning, cooling, and producing recycled plastics without the need for water. These devices can also assist in lowering energy use. Reduced water and energy consumption may result in further environmental benefits as well as decreased recycling costs.
Machine-friendly Packaging Solutions Trending in Packaging Industry
Food and beverage manufacturers, agricultural companies, and chemical product manufacturers are working on automating packaging tasks for their products and offerings. Flexible packaging is in high demand among key worldwide end users, due to the high need for packaging solutions compatible with automatic packaging machines. Key packaging manufacturers are focusing on meeting the demands for particularly designed films from large worldwide end users, which make it easier for end-users to pack items using advanced packaging technology. End-user industries improve production as a result of packaging solutions that facilitate automatic machinery, resulting in a significant demand for woven sacks.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Woven Sacks Market 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 and among others.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Global Woven Sacks Market Segmentation
Woven Sacks Market by Product
· Open Mouth Sack
· Pinch Bottom Sack
· Gusseted Sacks
· Valve Sacks
· Others
Woven Sacks Market by Material
· Polypropylene (PP)
· High Density Polyethylene (HDPE)
Woven Sacks Market by End Use
· Building & Construction
o Cement
o Sand
o Gypsum
o Lime
o Others
· Agriculture
o Cereals
o Seeds
o Cattle Feed
· Chemicals
o Fertilizers
o Resins
o Other Chemicals
· Food
o Flour
o Sugar
o Salt
o Yeast
o Other Foods
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Woven Sacks market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Woven Sacks market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Woven Sacks markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Woven Sacks Market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers