Jute Bags Market: Global Industry Analysis and Forecast (2023-2029)

Jute Bags Market was valued at US$ 2.49 Bn. in 2022. Jute Bags Market size is estimated to grow at a CAGR of 8.90% over the forecast period.
Jute Bags Market Overview:
Jute is a natural fiber made from the white or Tossa jute plant's bark. Called golden fiber because of its golden and silky sheen, and it's widely employed in the packaging and textile industries. Jute has several advantages as packing material, including good insulation, low thermal conductivity, and moderate moisture retention. Jute bags are utilized as packaging material for various kinds of goods as well as shopping bags. The golden luster of the fibers also makes Jute Bags ideal for gifting and are found in traditional handicraft items worldwide.

The ban of single-use plastics by many countries around the globe in retail and other packaging sectors has led to jute bags being an ideal alternative because of their ease of availability and cheap price. Therefore, factors such as being biodegradable, and therefore friendly towards the environment while maintaining the durability and high strength and durability have led to the growth of the Jute Bags Market and will continue to do so within the forecast period.To know about the Research Methodology :- Request Free Sample Report
Jute Bags Market Dynamics:
Increase in Plastic Bans and Environment-Friendly Products:

Because of the ban of single-use plastics by many governments and legislatures, and also companies looking to market themselves as low-carbon emitters, Jute Bags have emerged to be the alternative of choice for many. This is because Jute Bags prove themselves to be an affordable alternative while being robust, aesthetic and environmentally friendly. As a result, many companies are trying to experiment with the design, style and shape of the Jute Bags to widen their consumer bases. These factors lead to the cumulative growth of the Jute Bags Market.

Improved Lifestyle and Rapid Urbanization:

Jute Bags are often used as an alternative to plastic carry bags. This forms an ideal usage in shopping malls and other urban spaces where Jute Bags are actively replacing their plastic-based counterparts to carry groceries, books and other items used by the city dwellers. The improved lifestyle and increase in disposable incomes, therefore, drive the growth of the Jute Bags Market. Jute Bags are also used as college bags, haversacks, purses and sling bags by college-goers and other consumer segments.
Jute Bags Market Segment Analysis:
The Jute Bags Market can be segmented based on the type of product type into Jute Sack Bags and Jute Shopping Bags. The Jute Sack Bags segment holds the majority of the market share. This is because Jute Sack Bags are used frequently to hold grains, fruits, vegetables and other products because of their adequate moisture-retaining, low thermal conductivity and insulative properties. A combination of these properties along with the lightweight and cheap cost of manufacturing makes the bags an ideal packaging material for transport.

The Jute Bags Market is segmented based on End-Use into Institutional and Retail Segments. The Retail Segment leads the market in 2022 and is expected to grow with the highest CAGR during the forecast period owing to the recent developments such as environmental awareness and many leading cosmetic and lifestyle brands making use of Jute bags to sell their products. Jute Bags are also being promoted in many environmental campaigns as an alternative to plastic bags. These factors contribute to the increased market share of the Retail Segment in the Jute Bags Market.The Jute Bags Market can be segmented on price into the premium and mass segments. The mass segment dominates the market in the year 2022. This is because of the wide range of applications for which mass-produced jute bags are used such as retail and grocery shopping, delivery bags, newspaper bags, etc. The cheap price of mass-produced Jute Bags makes them an ideal replacement for plastics and therefore, with the ban on single-use plastics by more and more countries enforcing strict legislatures, the demand for Mass-Produced Jute Bags is expected to grow driving the Jute Bags Market.
Jute Bags Market Regional Insights:
Asia Pacific Region is expected to dominate the market owing to Demographic Demands:

The Jute Bags market is dominated by the Asia Pacific region. This is because the region is the global producer of jute globally. The leading country of Jute production globally is India which used jute bags for a wide range of applications such as agriculture, retail, etc. Jute Bags are also used as traditional handicraft items in the country. This is followed by China and Bangladesh which are further looking to expand their production capabilities because of the low cost of production of the product.

The Europe region has witnessed a growth in demand for the Jute Bags Market, which can be attributed to the rising awareness and activism related to environmental causes and therefore acceptance of jute bags. As a result, the region has shown an increase in imports of Jute Bags over the historic data.

The objective of the report is to present a comprehensive analysis of the global Jute Bags Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Jute Bags Market dynamic, structure by analyzing the market segments and projecting the Jute Bags Market size. Clear representation of competitive analysis of key players by Product Type, End-Use, price, financial position, product portfolio, growth strategies, and regional presence in the Jute Bags Market make the report investor’s guide.
Jute Bags Market Scope: Inquire before buying



Jute Bags Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.49 Bn.


Forecast Period 2023 to 2029 CAGR:
8.90%
Market Size in 2029:
US $ 4.54 Bn.


 Segments Covered:
by Product Type
Jute Sack Bags
Jute Shopping Bags


by End-Use
Retail
Institutional


by Price
Mass
Premium



Jute Bags Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Jute Bags Market Key Players are:
1. Aarbur (India)
2. Ashoka Exports (India)
3. Hitaishi-KK (India)
4. Howrah Mills Co. Ltd. (India)
5. Shree Jee International India Ltd. (India)
6. Gloster Limited. (India)
7. MANYAN INC. (Canada)
8. Bombay Bags (India)
9. JOYTEX GMBH & CO. KG (Germany)
10.PEMA Verpackung GmbH (Germany)
11.Trident Jute (South Africa)
12.Zest tex (India)
13.Jute Cotton Bags (India)
14.Asia Jute (Bangladesh)
15.Cotheeka Jute Industry (Bangladesh)

Frequently Asked Questions:

1] What segments are covered in the Global Jute Bags Market report?
Ans. The segments covered in the Jute Bags Market report are based on Product Type, End Use, and Price.

2] Which region is expected to hold the highest share in the Global Jute Bags Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Jute Bags Market.

3] What is the market size of the Global Jute Bags Market by 2029?
Ans. The market size of the Jute Bags Market by 2029 is expected to reach US$ 4.54 Bn.

4] What is the forecast period for the Global Jute Bags Market?
Ans. The forecast period for the Jute Bags Market is 2023-2029.

5] What was the market size of the Global Jute Bags Market in 2022?
Ans. The market size of the Jute Bags Market in 2022 was valued at US$ 2.49 Bn.