Jute Bag Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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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. IMARC Group’s latest report, titled “Jute Bag Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global jute bag market reached a value of US$ 1.5 Billion in 2017, exhibiting a CAGR of around 11% during 2010-2017.

Jute Bag Market Report

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. According to the report, the market is projected to reach a value of US$ 2.7 Billion by 2023.

The report has analysed the global jute market on the basis of type, covering jute sack bags and jute shopping bags. Currently, jute sack bags dominate the market, accounting for the majority of the sales volume. 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 shares, representing the leading producer of jute bags. 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 Aarbur, Ashoka Exports, Hitaishi-KK, Howrah Mills Co. Ltd., Shree Jee International India Ltd. and Gloster Limited.

This report provides a deep insight into the global jute bag industry 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.

Key Questions Answered in This Report:

  • How has the global jute bag market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global jute bag industry?
  • What are the price trends of jute bag?
  • What are the various stages in the value chain of the global jute bag industry?
  • What are the key driving factors and challenges in the global jute bag industry?
  • What is the structure of the global jute bag industry and who are the key players?
  • What is the degree of competition in the global jute bag industry?
  • What are the profit margins in the global jute bag industry?
  • What are the key requirements for setting up a jute bag manufacturing plant?
  • How is jute bag manufactured?
  • What are the various unit operations involved in a jute bag manufacturing plant?
  • What is the total size of land required for setting up a jute bag manufacturing plant?
  • What are the machinery requirements for setting up a jute bag manufacturing plant?
  • What are the raw material requirements for setting up a jute bag manufacturing plant?
  • What are the packaging requirements for jute bag?
  • What are the transportation requirements for jute bag?
  • What are the utility requirements for setting up a jute bag manufacturing plant?
  • What are the manpower requirements for setting up a jute bag manufacturing plant?
  • What are the infrastructure costs for setting up a jute bag manufacturing plant?
  • What are the capital costs for setting up a jute bag manufacturing plant?
  • What are the operating costs for setting up a jute bag manufacturing plant?
  • What will be the income and expenditures for a jute bag manufacturing plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Market Overview

5    Key Industry trends
6    Global Jute Bag Market
    6.1    Market Overview
    6.2    Market Trends (2010-2017)
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Price Analysis
        6.3.1    Price Structure
        6.3.2    Current and Historical Price Trends
        6.3.3    Price Forecast
    6.4    Market Breakup by Geography
        6.4.1    India
        6.4.2   Bangladesh
        6.4.3   China
   6.5    Market Breakup by Product Type
        6.5.1    Jute Sack Bags
        6.5.2    Jute Shopping Bags
   6.6 Market Breakup by End Use
         6.6.1 Retail
         6.6.2 Institutional
   6.7    Market Breakup by Price
        6.7.1    Premium
        6.7.2    Mass
    6.8    Market Forecast
    6.9    SWOT Analysis
        6.9.1    Strengths
        6.9.2    Weaknesses
        6.9.3    Opportunities
        6.9.4    Threats
    6.10    Value Chain Analysis
        6.10.1    Raw Material Procurement
        6.10.2    Manufacturing
        6.10.3    Marketing
        6.10.4    Distribution
        6.10.5    End-Use
    6.11    Porter’s Five Forces Analysis
        6.11.1    Overview
        6.11.2    Bargaining Power of Buyers
        6.11.3    Bargaining Power of Suppliers
        6.11.4    Degree of Rivalry
        6.11.5    Threat of New Entrants
        6.11.6    Threat of Substitutes
7    Competitive Structure
8    Jute Bag Manufacturing Process
    8.1    Product Overview
    8.2    Detailed Process Flow
    8.3    Various Types of Unit Operations Involved
    8.4    Mass Balance and Raw Material Requirements
9    Project Details, Requirements and Costs Involved
    9.1    Land, Location and Site Development
    9.2    Construction Requirements and Expenditures
    9.3    Plant Machinery
    9.4    Machinery Suppliers
    9.5    Machinery Pictures
    9.6    Raw Materials Requirements and Expenditures
    9.7    Raw Material Suppliers
    9.8    Raw Material and Final Product Pictures
    9.9    Packaging Requirements and Expenditures
    9.10    Transportation Requirements and Expenditures
    9.11    Utilities Requirements and Expenditures
    9.12    Manpower Requirements and Expenditures
    9.13    Other Capital Investments
10    Loans and Financial Assistance
11    Project Economics

    11.1    Capital Cost of the Project
    11.2    Techno-Economic Parameters
    11.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    11.4    Taxation and Depreciation
    11.5    Income Projections
    11.6    Expenditure Projections
    11.7    Financial Analysis
    11.8    Profit Analysis
12    Profiles of Key Players


List of Figures

Figure 1: Global: Jute Bags Market: Major Drivers and Challenges
Figure 2: Global: Jute Bags Market: Sales Volume (in Million Pieces), 2010-2017
Figure 3: Global: Jute Bags Market: Sales Value (in Million US$), 2010-2017
Figure 4: Global: Jute Shopping Bag Manufacturing: Price Structure Analysis (in US$/Piece)
Figure 5: Global: Jute Bags Market: Average Price Trends (in US$/Piece), 2010-2017
Figure 6: Global: Biodegradable Bags Market Forecast: Average Price Trends (in US$/Piece), 2018-2023
Figure 7: Global: Jute Bags Market: Market Breakup by Region (in %), 2017
Figure 8: Global: Jute Bags Market: Market Breakup by Product Type (in %), 2017
Figure 9: Global: Jute Sack Bags Market: Sales Volume (in Million Pieces), 2010, 2017 & 2023
Figure 10: Global: Jute Shopping Bags Market: Sales Volume (in Million Pieces), 2010, 2017 & 2023
Figure 11: Global: Jute Bags Market Forecast: Sales Volume (in Million Pieces), 2018-2023
Figure 12: Global: Jute Bags Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 13: Global: Jute Bags Industry: SWOT Analysis
Figure 14: Jute Bag Industry: Value Chain Analysis
Figure 15: Global: Jute Bags Industry: Porter’s Five Forces Analysis
Figure 16: Jute Shopping Bags Manufacturing: Process Flow
Figure 17: Jute Shopping Bags Manufacturing Process: Conversion Rate of Feedstocks
Figure 18: Jute Shopping Bags Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 19: Jute Bags Industry: Profit Margins at Various Stages of Supply Chain
Figure 20: Jute Bags Manufacturing Plant: Breakup of Operational Costs


List of Tables

Table 1: Global: Biodegradable Bags Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Jute Bags Market: Key Industry Highlights, 2017 and 2023
Table 3: Global: Jute Bags Market: Competitive Structure
Table 4: Comparison: Jute Bags vs. Plastic Bags vs. Cotton Bags
Table 5: Jute Shopping Bags Manufacturing Plant: Raw Material Requirements (in Units/Day)
Table 6: Jute Shopping Bags Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Jute Shopping Bags Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 8: Jute Shopping Bags Manufacturing Plant: Costs Related to Plant Machinery (in US$)
Table 9: Jute Shopping Bags: Suppliers of Machinery
Table 10: Jute Shopping Bags Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (US$/Unit)
Table 11: Jute Shopping Bags: Suppliers of Raw Materials
Table 12: Jute Shopping Bags Manufacturing Plant: Utility Requirements and Expenditures
Table 13: Jute Shopping Bags Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Jute Shopping Bags Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: Jute Shopping Bags Manufacturing Plant: Capital Costs (in US$)
Table 17: Jute Shopping Bags Manufacturing Plant: Techno-Economic Parameters
Table 18: Jute Shopping Bags Manufacturing Plant: Taxation (in US$/Year)
Table 19: Jute Shopping Bags Manufacturing Plant: Depreciation (in US$/Year)
Table 20: Jute Shopping Bags Manufacturing Plant: Income Projections (in US$)
Table 21: Jute Shopping Bags Manufacturing Plant: Expenditure Projections (in US$)
Table 22: Jute Shopping Bags Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 23: Jute Shopping Bags Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 24: Jute Shopping Bags Manufacturing Plant: Profit and Loss Account (in US$)


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