Polypropylene Woven Bags and Sacks Market Report 2031
The Polypropylene Woven Bags and Sacks Market is expected to register a CAGR of 4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The polypropylene woven bags and sacks market report is segmented by product type (valve bags, gusseted bags, block bottom bags, pinch bottom bags, open mouth bags, and others). The market is segmented based on application (building and construction, agriculture, food, retail and shopping, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Polypropylene Woven Bags and Sacks Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Polypropylene Woven Bags and Sacks Market Segmentation
Product Type- Valve Bags
- Gusseted Bags
- Block Bottom Bags
- Pinch Bottom Bags
- Open Mouth Bags
- Building and Construction
- Agriculture
- Food
- Retail and Shopping
Strategic Insights
Polypropylene Woven Bags and Sacks Market Growth Drivers- Growing Popularity of Polypropylene Woven Bags and Sacks in Packaging: Developing demand of polypropylene woven bags and sacks is mainly based on requirements for biodegradable, tough, and cost-effective packaging products. They are lightweight, reusable, and resistant to wear and tear, making such types of bags an ideal alternative to paper, jute, and plastic bags. Even less sustainable an option, the trend toward using recyclable and reusable polyprop bags continues to grow as sustainability turns into an essential focus at the intersection of various industries, prominently in agriculture, food, and retail. Additionally, compared to other forms of packaging material, consumption in the use of polypropylene bags is much less, making them another strong factor for adoption.
- E-commerce and Retail Expansion: Another growth factor that gives a drive to the polypropylene woven bags and sacks market is the growing momentum of the e-commerce and retail sectors. Everywhere across the globe, the need for efficient and engineered robust packaging materials to substitute logistics, shipping, and storage will increase due to the expansion of e-commerce. Polypropylene woven bags cover the entire range of products, i.e. from food to any kind of chemical, including clothing items and household goods. Due to their versatility and strength, besides the capacity to hold heavy loads without breaking, they are the preferred packaging as well as shipment materials in e-commerce and retail. The demand for them is generated by the spurt in the growth of this market in various developing and developed economies.
- Polypropylene Woven Bags in Agriculture: Polypropylene woven bags are utilized in agriculture for grains, seeds, fertilizers and other bulk products packing. Durability, heavy load bearing, and moisture resistance make polypropylene woven sacks important especially to developing countries where poor storage facilities consume a great deal in agriculture. As agricultural production grows and global trade in bulk produce grows, polypropylene woven bags in packaging and movement of agricultural products will grow significantly. These bags are also good for storage of bulk commodities making them important in the global supply chain in agriculture and other related industries.
- Shift Towards Bio-Based and Recycled Polypropylene in Woven Bags: A driving force yet in the packaging industry has turned towards transforming the trends experienced within the manufacturing of polypropylene woven bags from using conventional material to bio-based polypropylene or recycled polypropylene (rPP), among others. Such materials are designed to create an environment-conducive packaging solution because bio-based polypropylene is derived from renewable sources while recycled polypropylene reduces the amount of virgin plastic waste. Also, currently being emphasized is the development of biodegradable coatings or additives for making these polypropylene woven bags environment-friendly. This trend, among others, is expected to have a significant impact on the future growth portion of the market for polypropylene woven bags.
- Customization and Branding: The increasing expectation for customized and branded bags is also shaping the future of the market for polypropylene woven bags. Retail and consumer goods companies are particularly focusing on personalizing packaging in a bid to increase visibility and improve customer experience. Thus, it result in fabricating the highest quality reversible polypropylene woven bags with high adaptability for customized prints or branding options, which enable the corporate brand to gain traction and image differentiation in the market. This is expected to facilitate the development of innovative and unique packaging solutions for how companies align such solutions with their vision of sustainability and branding.
- Technological Advancements in Polypropylene Woven Bags: Improving performance of polypropylene woven bags with respect to their strength has been made possible through technological innovations in the manufacture of these bags. Moreover, better weaving techniques combined with the use of more excellent-quality polypropylene fibers are improving the better durability and load-carrying capacity of these bags. Besides, innovations in coatings and treatment extend to UV, moisture and thermal resistance. Overall, the quality and function of polypropylene bags have almost reached the point of satisfying the rapidly evolving high-performance packaging demand from a variety of industries, like agriculture, construction and chemicals.
- Emerging Markets and Agriculture Sector Opportunities: These three continents, when combined with emerging markets in Asia-Pacific, Latin America, and Africa, will demonstrate significant growth in the polypropylene woven bags market. In all of these areas, the rise in urbanization, industrialization, and e-commerce leads to increased demand for more effective, resilient, and sustainable packaging solutions. The agriculture sector in these parts of the world will amaze anyone with opportunities according to the relative degree to which polypropylene woven sacks are used to package grains, fertilizers, and other agricultural products. These companies can take up rapidly emerging markets and make lots out of growing demand for pocket-friendly and high-quality packaging.
- Eco-Conscious Consumers Drive Demand for Sustainable and Reusable Polypropylene Woven Bags: As people become more conscious about ecological problems, they are becoming increasingly demanding in terms of recyclable packaging as well as reusable packaging. Because polypropylene woven bags have proven to be more sustainable in the sense that multiple uses conform to the recycling criteria, those bags will be viewed as having much higher potential in society today. Thus, a more environmental marketing angle for selling poly-woven bags would be to sell them as more sustainable than other one-time plastic packaging materials. As such, manufacturers will likely see increased demand from eco-conscious individuals or organizations likely to prefer more durable, multi-use, and recyclable polypropylene woven bags.
- Global Trade Expansion and Bulk Packaging Needs: Indeed, with international trading, moving bulk goods have paved huge opportunities for this market in polypropylene woven bags; polypropylene woven bags could be an important solution for bulk dimensions in a variety of packaging, from chemicals to construction material, grain, or textiles. The establishment of trade around the globe is likely to particularly hit developing economies, thus increasing demand for reliable and alright bulk packaging options. A bang-on shot comes with polypropylene woven bags-they help carry loads as well as transit-protect them. Thus, one taps into the growing global supply chain with polypropylene woven bags.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polypropylene Woven Bags and Sacks Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Polypropylene Woven Bags and Sacks Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Advancements in sustainable and bio-based polypropylene are expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the polypropylene woven bags and sacks market due to the strong growth of the packaging industry in the region.
Based on application, the retail and shopping segment is expected to witness the fastest growth during the forecast period.
Growing demand for sustainable packaging solutions are driving the market growth.
Sacos Agro Industriales, JC-SUPPLY SA, ENVTECH, MULTISAC, Jet Fa Group SA, MARSACO INTERNATIONAL S.A., Qingdao SG Global Packaging CO LTD, Grupo Excala, Tecnifibras S.A., and Spencer Textiles are the key players operating in the polypropylene woven bags and sacks market.
The Polypropylene Woven Bags and Sacks Market is estimated to witness a CAGR of 4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polypropylene Woven Bags And Sacks Market - By Product
1.3.2 Polypropylene Woven Bags And Sacks Market - By Type
1.3.3 Polypropylene Woven Bags And Sacks Market - By Application
1.3.4 Polypropylene Woven Bags And Sacks Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYPROPYLENE WOVEN BAGS AND SACKS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. POLYPROPYLENE WOVEN BAGS AND SACKS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. POLYPROPYLENE WOVEN BAGS AND SACKS MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYPROPYLENE WOVEN BAGS AND SACKS - GLOBAL MARKET OVERVIEW
6.2. POLYPROPYLENE WOVEN BAGS AND SACKS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. POLYPROPYLENE WOVEN BAGS AND SACKS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. VALVE
7.3.1. Overview
7.3.2. Valve Market Forecast and Analysis
7.4. GUSSETED
7.4.1. Overview
7.4.2. Gusseted Market Forecast and Analysis
7.5. BLOCK BOTTOM
7.5.1. Overview
7.5.2. Block Bottom Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. POLYPROPYLENE WOVEN BAGS AND SACKS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. LAMINATED
8.3.1. Overview
8.3.2. Laminated Market Forecast and Analysis
8.4. NON-LAMINATED
8.4.1. Overview
8.4.2. Non-Laminated Market Forecast and Analysis
9. POLYPROPYLENE WOVEN BAGS AND SACKS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BUILDING AND CONSTRUCTION
9.3.1. Overview
9.3.2. Building and Construction Market Forecast and Analysis
9.4. AGRICULTURAL
9.4.1. Overview
9.4.2. Agricultural Market Forecast and Analysis
9.5. FOOD PACKAGING
9.5.1. Overview
9.5.2. Food Packaging Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. POLYPROPYLENE WOVEN BAGS AND SACKS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Polypropylene Woven Bags And Sacks Market Overview
10.1.2 North America Polypropylene Woven Bags And Sacks Market Forecasts and Analysis
10.1.3 North America Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Product
10.1.4 North America Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Type
10.1.5 North America Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Application
10.1.6 North America Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Countries
10.1.6.1 United States Polypropylene Woven Bags And Sacks Market
10.1.6.1.1 United States Polypropylene Woven Bags And Sacks Market by Product
10.1.6.1.2 United States Polypropylene Woven Bags And Sacks Market by Type
10.1.6.1.3 United States Polypropylene Woven Bags And Sacks Market by Application
10.1.6.2 Canada Polypropylene Woven Bags And Sacks Market
10.1.6.2.1 Canada Polypropylene Woven Bags And Sacks Market by Product
10.1.6.2.2 Canada Polypropylene Woven Bags And Sacks Market by Type
10.1.6.2.3 Canada Polypropylene Woven Bags And Sacks Market by Application
10.1.6.3 Mexico Polypropylene Woven Bags And Sacks Market
10.1.6.3.1 Mexico Polypropylene Woven Bags And Sacks Market by Product
10.1.6.3.2 Mexico Polypropylene Woven Bags And Sacks Market by Type
10.1.6.3.3 Mexico Polypropylene Woven Bags And Sacks Market by Application
10.2. EUROPE
10.2.1 Europe Polypropylene Woven Bags And Sacks Market Overview
10.2.2 Europe Polypropylene Woven Bags And Sacks Market Forecasts and Analysis
10.2.3 Europe Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Product
10.2.4 Europe Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Type
10.2.5 Europe Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Application
10.2.6 Europe Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Polypropylene Woven Bags And Sacks Market
10.2.6.1.1 Germany Polypropylene Woven Bags And Sacks Market by Product
10.2.6.1.2 Germany Polypropylene Woven Bags And Sacks Market by Type
10.2.6.1.3 Germany Polypropylene Woven Bags And Sacks Market by Application
10.2.6.2 France Polypropylene Woven Bags And Sacks Market
10.2.6.2.1 France Polypropylene Woven Bags And Sacks Market by Product
10.2.6.2.2 France Polypropylene Woven Bags And Sacks Market by Type
10.2.6.2.3 France Polypropylene Woven Bags And Sacks Market by Application
10.2.6.3 Italy Polypropylene Woven Bags And Sacks Market
10.2.6.3.1 Italy Polypropylene Woven Bags And Sacks Market by Product
10.2.6.3.2 Italy Polypropylene Woven Bags And Sacks Market by Type
10.2.6.3.3 Italy Polypropylene Woven Bags And Sacks Market by Application
10.2.6.4 United Kingdom Polypropylene Woven Bags And Sacks Market
10.2.6.4.1 United Kingdom Polypropylene Woven Bags And Sacks Market by Product
10.2.6.4.2 United Kingdom Polypropylene Woven Bags And Sacks Market by Type
10.2.6.4.3 United Kingdom Polypropylene Woven Bags And Sacks Market by Application
10.2.6.5 Russia Polypropylene Woven Bags And Sacks Market
10.2.6.5.1 Russia Polypropylene Woven Bags And Sacks Market by Product
10.2.6.5.2 Russia Polypropylene Woven Bags And Sacks Market by Type
10.2.6.5.3 Russia Polypropylene Woven Bags And Sacks Market by Application
10.2.6.6 Rest of Europe Polypropylene Woven Bags And Sacks Market
10.2.6.6.1 Rest of Europe Polypropylene Woven Bags And Sacks Market by Product
10.2.6.6.2 Rest of Europe Polypropylene Woven Bags And Sacks Market by Type
10.2.6.6.3 Rest of Europe Polypropylene Woven Bags And Sacks Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Polypropylene Woven Bags And Sacks Market Overview
10.3.2 Asia-Pacific Polypropylene Woven Bags And Sacks Market Forecasts and Analysis
10.3.3 Asia-Pacific Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Polypropylene Woven Bags And Sacks Market
10.3.6.1.1 Australia Polypropylene Woven Bags And Sacks Market by Product
10.3.6.1.2 Australia Polypropylene Woven Bags And Sacks Market by Type
10.3.6.1.3 Australia Polypropylene Woven Bags And Sacks Market by Application
10.3.6.2 China Polypropylene Woven Bags And Sacks Market
10.3.6.2.1 China Polypropylene Woven Bags And Sacks Market by Product
10.3.6.2.2 China Polypropylene Woven Bags And Sacks Market by Type
10.3.6.2.3 China Polypropylene Woven Bags And Sacks Market by Application
10.3.6.3 India Polypropylene Woven Bags And Sacks Market
10.3.6.3.1 India Polypropylene Woven Bags And Sacks Market by Product
10.3.6.3.2 India Polypropylene Woven Bags And Sacks Market by Type
10.3.6.3.3 India Polypropylene Woven Bags And Sacks Market by Application
10.3.6.4 Japan Polypropylene Woven Bags And Sacks Market
10.3.6.4.1 Japan Polypropylene Woven Bags And Sacks Market by Product
10.3.6.4.2 Japan Polypropylene Woven Bags And Sacks Market by Type
10.3.6.4.3 Japan Polypropylene Woven Bags And Sacks Market by Application
10.3.6.5 South Korea Polypropylene Woven Bags And Sacks Market
10.3.6.5.1 South Korea Polypropylene Woven Bags And Sacks Market by Product
10.3.6.5.2 South Korea Polypropylene Woven Bags And Sacks Market by Type
10.3.6.5.3 South Korea Polypropylene Woven Bags And Sacks Market by Application
10.3.6.6 Rest of Asia-Pacific Polypropylene Woven Bags And Sacks Market
10.3.6.6.1 Rest of Asia-Pacific Polypropylene Woven Bags And Sacks Market by Product
10.3.6.6.2 Rest of Asia-Pacific Polypropylene Woven Bags And Sacks Market by Type
10.3.6.6.3 Rest of Asia-Pacific Polypropylene Woven Bags And Sacks Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Polypropylene Woven Bags And Sacks Market Overview
10.4.2 Middle East and Africa Polypropylene Woven Bags And Sacks Market Forecasts and Analysis
10.4.3 Middle East and Africa Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Polypropylene Woven Bags And Sacks Market
10.4.6.1.1 South Africa Polypropylene Woven Bags And Sacks Market by Product
10.4.6.1.2 South Africa Polypropylene Woven Bags And Sacks Market by Type
10.4.6.1.3 South Africa Polypropylene Woven Bags And Sacks Market by Application
10.4.6.2 Saudi Arabia Polypropylene Woven Bags And Sacks Market
10.4.6.2.1 Saudi Arabia Polypropylene Woven Bags And Sacks Market by Product
10.4.6.2.2 Saudi Arabia Polypropylene Woven Bags And Sacks Market by Type
10.4.6.2.3 Saudi Arabia Polypropylene Woven Bags And Sacks Market by Application
10.4.6.3 U.A.E Polypropylene Woven Bags And Sacks Market
10.4.6.3.1 U.A.E Polypropylene Woven Bags And Sacks Market by Product
10.4.6.3.2 U.A.E Polypropylene Woven Bags And Sacks Market by Type
10.4.6.3.3 U.A.E Polypropylene Woven Bags And Sacks Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Polypropylene Woven Bags And Sacks Market Overview
10.5.2 South and Central America Polypropylene Woven Bags And Sacks Market Forecasts and Analysis
10.5.3 South and Central America Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Product
10.5.4 South and Central America Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Type
10.5.5 South and Central America Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Application
10.5.6 South and Central America Polypropylene Woven Bags And Sacks Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Polypropylene Woven Bags And Sacks Market
10.5.6.1.1 Brazil Polypropylene Woven Bags And Sacks Market by Product
10.5.6.1.2 Brazil Polypropylene Woven Bags And Sacks Market by Type
10.5.6.1.3 Brazil Polypropylene Woven Bags And Sacks Market by Application
10.5.6.2 Argentina Polypropylene Woven Bags And Sacks Market
10.5.6.2.1 Argentina Polypropylene Woven Bags And Sacks Market by Product
10.5.6.2.2 Argentina Polypropylene Woven Bags And Sacks Market by Type
10.5.6.2.3 Argentina Polypropylene Woven Bags And Sacks Market by Application
10.5.6.3 Rest of South and Central America Polypropylene Woven Bags And Sacks Market
10.5.6.3.1 Rest of South and Central America Polypropylene Woven Bags And Sacks Market by Product
10.5.6.3.2 Rest of South and Central America Polypropylene Woven Bags And Sacks Market by Type
10.5.6.3.3 Rest of South and Central America Polypropylene Woven Bags And Sacks Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. POLYPROPYLENE WOVEN BAGS AND SACKS MARKET, KEY COMPANY PROFILES
12.1. BERRY PLASTICS INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. DA NANG PLASTIC JOINT STOCK COMPANY
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. SHRIJIKRUPA POLYPACK PVT. LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. STARLINGER
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. ABDOS POLYMERS LTD.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. UMASREE TEXPLAST
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. STPGROUP
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. COMSYN
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. HANOI PLASTIC BAG JSC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. MONDI PLC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.Berry Plastics Inc.
2.Da Nang Plastic Joint Stock Company
3.Shrijikrupa Polypack Pvt. Ltd.
4.Starlinger
5.Abdos Polymers Ltd.
6.Umasree Texplast
7.STPGroup
8.Comsyn
9.Hanoi Plastic Bag JSC.
10.Mondi plc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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