Global Woven Product Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Woven Product Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

This report studies the Woven Product market. In terms of the type, the market can be segmented into Bags, Geotextiles, Wrapping Fabrics, Tarpaulins, Roof Underlayment, Lumber Wrap, Pond Liner, and Ground Cover. They can be applied in various application fields such as Building & Construction, Agriculture, Chemicals and Food industry.

Market Overview:

The latest research study on the global Woven Product market finds that the global Woven Product market reached a value of USD 17191.54 million in 2022. It’s expected that the market will achieve USD 23961.73 million by 2028, exhibiting a CAGR of 5.69% during the forecast period.

Marketing channel sales will be affected differently

The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some woven product enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

Upstream and downstream interactions will lead to disruption of business

The epidemic will have a short-term impact on woven product industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in woven product industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Stiff competition

With major manufacturers and suppliers in the woven product industry competing globally, the intensity of competition within the woven product industry has increased. The vendors adopt strategies like price competitions to stay competitive in the market. Meanwhile, those transnational corporations are providing tough competition to the local vendors in woven product based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a woven product business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established woven product manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry.

Right Balance Between Physical and Chemical Modification Index Improves Recycled PP Materials

Polypropylene is being publicized as an excellent resin species developed after nylon. However, PP recycled materials in the woven products are unstable and contain impurities. It has been found that the quality of recycled materials is poor, and the tensile strength & toughness are average. Hence, companies in the woven product market are increasing their R&D capabilities to improve recycled materials in woven products such as PP woven sacks. Manufacturers are striking the right balance between the physical and chemical modification index. This involves blending modification, blending ratio, adding ratio of functional additives, and blending ratio of recycled materials. Recycled materials in PP woven sacks are full of value, since an increasing number of clients, customers, and partners are becoming environmentally conscious. On the other hand, scrap PP woven sacks made from recycled materials can be cleaned and made into usable plastic particles again by the recycling granulation process.

Region Overview:

Geographically, China held the largest market share – 26.52% in 2022.

Company Overview:

Berry Global is one of the major players operating in the Woven Product market, holding a share of 0.45% in 2022.

Berry Global

Berry Global, Inc is a Fortune 500 global manufacturer and marketer of plastic packaging products. The company has three core divisions: Health, Hygiene, and Specialties; Consumer Packaging; and Engineered Materials. Berry claims to be the world's leader in manufactured aerosol caps, and also provides one of the most extensive lines of container products. Berry has more than 2,500 clients, including firms as Sherwin-Williams, Borden, McDonald's, Burger King, Gillette, Procter & Gamble, Nestle, Coca-Cola, Wal-Mart, Kmart, and Hershey Foods.

Tencate Geosynthetics

TenCate Geosynthetics is the world’s leading provider of geosynthetics and industrial fabrics. TenCate Geosynthetics, headquartered in Pendergrass, Georgia, United States, has a global production platform, commercial and technical organization and has successfully consolidated and developed core markets to maximize value for customers. TenCate Geosynthetics serves the market globally with two commercial divisions - TenCate Geosynthetics and TenCate Industrial Fabrics.

Segmentation Overview:

As for product types, the Tarpaulins segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Building & Construction, with a market share of 28.03% in 2022.

Key Companies in the global Woven Product market covered in Chapter 3:

Muscat Polymers Pvt. Ltd. (India)
Mondi Group plc (UK)
Knack Packaging Private Limited (India)
Palmetto Industries (USA)
United Bags Inc. (USA)
BTL Liners (USA)
KSA Polymer (USA)
GULNAR PLASTICS (India)
Uflex Ltd. (India)
Tan Dai Hung (Vietnam)
Emmbi Industries Limited (India)
Huesker (Germany)
Berry Global (USA)
Tencate Geosynthetics (USA)
Al-Tawfiq Company (Saudi Arabia)

In Chapter 4 and Chapter 14.2, on the basis of types, the Woven Product market from 2018 to 2029 is primarily split into:

Bags
Geotextiles
Wrapping Fabrics
Tarpaulins
Roof Underlayment
Lumber Wrap
Pond Liner
Ground Cover

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Woven Product market from 2018 to 2029 covers:

Building & Construction
Agriculture
Chemicals
Food
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)