The latest research study, “Jute Sack Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” has been added by IMARC Group. The global jute bag market size reached US$2.3 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$3.8 billion by 2027, posting a CAGR of 8.94% in 2022-2027.
Base year: 2021
Forecast year: 2022-2027
Download a free sample of the report: https://www.imarcgroup.com/prefeasibility-report-jute-bag-manufacturing-plant/requestsample
Industry definition and application:
Jute is one of the most popular fibres, along with cotton, due to its golden and silky appearance. It is acquired from the bark of two plants, namely White Jute and Tossa, and spun into coarse yarns for further use in the production of ropes, carpets and fabrics. It is economical, reusable, recyclable and biodegradable as no residue is left after degradation. Therefore, it is widely used in packaging and bag making across the world.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Global Jute Bags Market Trends:
Due to the favorable properties of jute, including low thermal conductivity, remarkable insulation and moderate moisture retention, jute bags are used to pack bulk goods, especially in supermarkets and hypermarkets. Apart from this, growing environmental concerns have increased the inclination towards natural and biodegradable products like jute bags. This, in conjunction with the initiatives taken by governments of different countries to expand employment opportunities in their countries and minimize the use of single-use plastics, is bolstering the growth of the market.
Additionally, market players are introducing a wide range of jute products like handbags, wallets, placemats, room dividers, folders, jewelry, and sandals. They also offer innovative and customized bag options in different designs, shapes, sizes, and styles to meet customer preferences.
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- By product type, jute bags hold the largest market share, followed by jute shopping bags.
- Based on end use, the market has been divided into retail and institutional segments. At present, the retail segment shows a clear dominance in the market.
- Based on price, premium jute bags account for the majority of the total market share, followed by mass market jute bags.
- At the country level, the market was split between India, Bangladesh and China. Among these, India holds the leading position in the market.
- The competitive landscape of the market has been examined along with the detailed profiles of major players operating in the industry.
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