In response to environmental causes of polythene, increasing preference of sustainable products has led to the adoption of polypropylene woven bags and sacks in packaging sector. Growing popularity of fast-moving consumer goods (FMCG) sector in emerging economies is driving the polypropylene woven bags and sacks market in Asia Pacific, finds a new Fact.MR study. A widespread acceptance of plastic ban initiatives combined with rising middle-class population in China and India is expected to surge the demand for polypropylene woven bags and sacks. Although the materials used for these bags and sacks are not entirely biodegradable, they can be recycled and reused, thereby gaining high adoption across Asia Pacific.
With growing urbanization and industrial sector, polypropylene woven bags and sacks have gained high traction from cement industry in the recent times. Expansion of building & construction sector is expected to boost the Asia Pacific market for polypropylene woven bags and sacks. Owing to high strength and better material handling in storing and shipping, demand for these bags is likely to increase significantly in the coming years across various industries. Further, growth in cement production will possibly remain key driving force for polypropylene woven bags and sacks market in Asia Pacific.
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A Fact.MR’s study offers comprehensive analysis and key insights on the global polypropylene woven bags and sacks market over a period of assessment, 2018-2028. In terms of revenue, the global market for polypropylene woven bags and sacks is estimated to have crossed a value of US$ 3Bn in 2017, foreseeing to expand at moderate CAGR of 4.2%.
By region, Asia Pacific will continue to dominate the global polypropylene woven bags and sacks, contributing largest revenue share. With 50% of the output exported to developed nations of North America and Western Europe, several companies in China and India are targeting to expand their product line in East Europe and South Africa. This has led to the surge of polypropylene woven bags and sacks market in the Asia Pacific region.
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On the basis of bag type, the market is segmented into laminated and non-laminated segments. According to the Fact.MR’s study, laminated polypropylene woven bags and sacks will continue to dominate over their non-laminated counterparts. Laminated bags and sacks account for over 60% of the global sales, owing to high quality and strong packaging.
With increasing application, manufacturers of polypropylene woven bags and sacks have developed wide range of products. By product type, the global polypropylene woven bags and sacks market is likely to remain consolidated among the sales of open mouth bags and valve bags. These two segments collectively account for 50% of the market share, with block bottom bags and gusseted bags complementing the growth of the market.
Based on end-use industries, application of polypropylene woven bags and sacks is expected to remain relatively higher in building & construction and food sectors. However, the demand for these bags will possibly witness an impressive growth in agriculture and allied industries, over the forecast period, while it remains sluggish in retail and shopping segment.
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