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Global Industry Size:
The global woven sack market size was valued at USD 4.3 billion in 2020 and is expected to reach USD 6.4 billion by 2027, growing at a CAGR of 5.5% during the forecast period.
India Industry Size:
The Indian woven sack market size was valued at INR 5,500 crore (USD 770 million) in 2020 and is expected to reach INR 9,500 crore (USD 1.3 billion) by 2027, growing at a CAGR of 8.2% during the forecast period.
Number of Players in India:
There are approximately 300-350 players in the Indian woven sack industry, with a mix of large-scale manufacturers, small and medium-sized enterprises, and regional players.
Growth Rate:
The Indian woven sack industry has been growing at a CAGR of 8-10% over the past few years, driven by increasing demand from the cement, fertilizer, and food grains sectors.
Factors Causing the Industry to Thrive in India:
Future Potential –
Note: The data and figures mentioned above are approximate and sourced from various industry reports, research studies, and market analysis.
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