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Market Overview:
The global jute bag market size reached US$ 2.07 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 9.06% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Jute is a natural fibre obtained from the bark of the white jute plant or the tossa jute plant. It is also known as the golden fibre owing to its golden and silky shine, and is extensively used in the manufacturing of packaging products and textiles. As a packaging material, jute offers advantages such as good insulation, low thermal conductivity and moderate moisture retention. On account of this, jute bags are used as packaging material for bulk goods as well as shopping and gift bags.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The global jute bag industry is currently at a nascent stage with encouraging growth aspects. The demand for jute bags has witnessed a surge over the past few years, particularly in the European Union. This can be attributed to the growing environment consciousness in the region. The imports of jute bags in non-producing countries have also been facilitated by the ban on plastic packaging materials and bags. Additionally, the benefits offered by jute bags such as their biodegradability, durability, low cost, high strength, etc. have further supported the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global jute bag market, along with forecasts at the global and country level from 2021-2026. Our report has categorized the market based on product type, end use and price.
Breakup by Product Type:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The report has analysed the global jute market on the basis of product type, jute sack bags and jute shopping bags. Currently, jute sack bags dominate the market, accounting for the majority of the sales volume.
Breakup by End Use:
On the basis of the end use, the market has been bifurcated into the retail and institutional segment. Currently, the retail segment exhibits a clear dominance in the market.
Breakup by Price:
Based on the price, premium jute bags account for the majority of the total market, followed by mass jute bags.
Breakup by Region:
The market has further been segmented on a regional basis and includes India, Bangladesh, China and Others. Amongst these, India holds the majority of the share, representing the leading producer of jute bags.
Competitive Landscape:
The report has also assessed the competitive landscape of the market and finds that it is fragmented in nature. Some of the key players operative in the market include
This report provides a deep insight into the global jute bag market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a jute bag manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the jute bag industry in any manner.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2020 |
| Historical Period | 2015-2020 |
| Forecast Period | 2021-2026 |
| Units | Million Pieces, US$ Billion |
| Segment Coverage | Product Type, End Use, Price, Country |
| Countries Covered | India, Bangladesh, China |
| Companies Covered | Aarbur, Ashoka Exports, Hitaishi-KK, Howrah Mills Co. Ltd., Shree Jee International India Ltd. and Gloster Limited |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499 |
| 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) |
The global jute bag market was valued at US$ 2.07 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in import and export activities of jute bags.
We expect the global jute bag market to grow at a CAGR of 9.06% during 2021-2026.
The growing adoption of jute bags based on their biodegradability, durability, low cost, high strength, etc., is one of the key factors catalyzing the global jute bag market.
Based on the type, the global jute bag market can be segregated into jute sack bags and jute shopping bags. Among these, jute sack bags hold the largest market share.
Based on the end use, the global jute bag market has been bifurcated into the retail and institutional segments. Currently, the retail segment exhibits a clear dominance in the market.
Based on the price, the global jute bag market can be categorized into premium jute bags and mass jute bags. Among these, premium jute bags currently account for the majority of the total market share.
On a regional level, the market has been classified into India, Bangladesh, China, and others, where India currently dominates the global market.
Some of the major players in the global jute bag market include Aarbur, Ashoka Exports, Hitaishi-KK, Howrah Mills Co. Ltd., Shree Jee International India Ltd., and Gloster Limited.
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