Product Code: ETC374784 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India woven sacks market import shipment demonstrated robust growth with a CAGR of 10.7% from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024 at -39.3%, indicating a notable slowdown in the market expansion towards the end of the period.
The India woven sacks market was valued at around US$ 6.3 billion and is expected to witness a CAGR of more than 8% during the forecast period. The increasing demand for flexible packaging solutions across various industries such as food & beverages, chemicals, fertilizers and pharmaceuticals has been driving the growth of this market. Additionally, growing awareness about environment friendly products among consumers has also propelled the demand for these sacks over traditional materials such as paper boards or plastic bags which are non-biodegradable. Moreover, technological advancements in production machinery used for manufacturing these sacks have enabled manufacturers to produce lighter weight yet durable packaging material with better strength.
India woven sacks market has experienced significant growth driven by the demand for cost-effective and efficient packaging solutions in industries like agriculture, cement, and food. Woven sacks offer durability and resistance to external factors, making them a popular choice for bulk packaging needs.
India woven sacks market has been a major player, serving various industries like agriculture, food, and chemicals. Nevertheless, the market faces restraints in the form of competition from other packaging materials like flexible packaging and the rising popularity of bulk container liners for industrial applications.
The woven sacks market in India experienced mixed effects during the pandemic. While the demand for packaging solutions remained stable, sectors like cement and fertilizers faced challenges, affecting the market`s overall performance. Disruptions in raw material supply, transportation, and labor availability impacted the production and distribution of woven sacks. Additionally, uncertainty in economic conditions led to fluctuations in demand and pricing.
The woven sacks market in India has expanded due to its applications in packaging of various commodities. Key players in this sector include Global Woven Fabrics Limited, Knack Polymers, and Bulk-Pack Industries.