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- Global Jute Bag Market
Global Jute Bag Market to Reach US$ 5.9 Billion by 2032, Propelled by Rising Preference for Eco-Friendly Products
May 24, 2023
| Packaging
According to the latest report by IMARC Group, titled “Jute Bag Market Report by Product Type (Jute Sack Bags, Jute Shopping Bags), End Use (Retail, Institutional), Price (Premium, Mass), and Region 2024-2032," the global jute bag market size reached US$ 2.8 Billion in 2023. A jute bag refers to bags designed to hold, carry, and transport various items in a convenient and organized manner. It is manufactured by weaving or knitting jute yarns and fibers into a durable bag shape, followed by finishing, printing, and other embellishments. It is widely used for shopping, traveling, carrying groceries, home storage, packaging agricultural produce, promotional activities, and as a fashion accessory. As compared to a plastic bag, a jute bag is a highly sustainable, biodegradable, and eco-friendly product that can be reused multiple times and assist in minimizing carbon footprints. In addition, it is also available in various designs that are visually appealing and offers excellent tensile strength capable of withstanding heavy loads.
Jute Bag Market Trends:
The rising consumer preference for eco-friendly products is one of the primary factors providing a thrust to the market growth. In line with this, companies and organizations are adopting sustainable practices and incorporating environmentally friendly packaging options, which is propelling the market growth. Along with this, the widespread product utilization owing to its high strength, excellent durability, and capability to withstand frequent use without wear and tear is acting as another growth-inducing factor. Furthermore, the growing product adoption as a fashion accessory due to its warm colors, rustic look, and earthly texture, which enhances the visual appearance and adds an eco-friendly touch to the outfits, is providing an impetus to the market growth. Additionally, the utilization of digital printing to create intricate patterns and customized designs on jute bags with vibrant colors, which improves the overall look and provides branding opportunities to companies and individuals, is positively influencing the market growth. Besides this, the introduction of laminated jute bags that are highly durable, water resistant, and offer long service life is supporting the market growth. Apart from this, the implementation of supportive initiatives by governments and non-governmental organizations (NGOs) to promote sustainability and educate the masses regarding eco-friendly products is contributing to the market growth. Other factors, including growing expenditure capacities of consumers, rising environmental concerns, increasing investments in the development of new products, and easy product availability across various e-commerce platforms, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 5.9 Billion by 2032, exhibiting a CAGR of 8.9% during 2024-2032.
Market Summary:
- On the basis of the product type, the market has been bifurcated into jute sack and jute shopping bags. Among these, jute sack bags represent the largest segment.
- Based on the end use, the market has been classified into retail and institutional. At present, the institutional segment accounts for the largest market share.
- On the basis of the price, the market has been divided into premium and mass. Among these, mass represent the largest segment.
- On the basis of country, the market has been categorized into India, Bangladesh, China, and others. Among these, India holds the largest market for jute bag.
- The competitive landscape of the industry has also been examined, with some of the key players being Aarbur Exports Pvt. Ltd, Shree Jee Global Pvt Ltd., Emjay Group LLC, Hitachi KK Manufacturing Company Pvt Ltd, Ashoka Exports Pvt Ltd, Gloster Limited.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | Million Pieces, US$ Billion |
| Segment Coverage | Product Type, End Use, Price, Country |
| Countries Covered | India, Bangladesh, China, Others |
| Companies Covered | Aarbur Exports Pvt. Ltd, Shree Jee Global Pvt Ltd., Emjay Group LLC, Hitachi KK Manufacturing Company Pvt Ltd, Ashoka Exports Pvt Ltd, and Gloster Limited |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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