Jute Bag Market Set to Grow at over 8.67% CAGR until 2028

PRESS RELEASE
Published April 25, 2023

The global jute bags market size reached US$ 2.5 Billion in 2022. Looking forward, the market expected to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.67% during 2023-2028, according to recent research report by IMARC Group.

Jute bags are made of natural fibers obtained from the stem and outer skin of a jute plant. They are biodegradable and environment-friendly and do not leave harmful residue on decomposition. They are widely used as an alternative to plastics on account of their high strength, durability, lightweight, and reusable properties. As they are sturdy, affordable, and can carry heavy weight, key market players are introducing customizable jute bags with logos, designs, and messages for residential and commercial purposes across the globe.         

Jute Bag Market Trends:

The rising environmental concerns and the growing awareness about the harmful effects of plastic bags on the environment represent one of the key factors positively influencing the market across the globe. In addition, leading market players are introducing multi-purpose jute bags in different sizes, colors, and textures that are utilized as shopping carry bags and school backpacks. They are also focusing on blending jute with other synthetic fibers for an aesthetically appealing finish and improved strength and rigidity, which is creating a favorable market outlook.  

Besides this, governments of various countries are implementing stringent regulations to ban the use of single-use plastic bags and promote a healthy and pollution-free ecosystem, which is strengthening the market growth. Furthermore, the increasing affordability and easy accessibility of jute bags through online and offline distribution channels, in confluence with the rising inclination of people toward customized bag options, are offering lucrative growth opportunities to key market players operating worldwide.

Competitive Scenario with Key Players:

The competitive landscape of the market has also been analyzed, 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

Download a free sample report to get a detailed overview of the report: https://www.imarcgroup.com/prefeasibility-report-jute-bag-manufacturing-plant/requestsample

Global Jute Bag Market Report Coverage and Industry Segmentation:

The report cover the below key market segments:

Product Type Insights:

    • Jute Sack Bags
    • Jute Shopping Bags

End Use Insights:

    • Retail
    • Institutional

Market Price Insights:

    • Premium
    • Mass

Regional Insights:

    • India
    • Bangladesh
    • China
    • Others

Inquire before buying:- https://www.imarcgroup.com/request?type=report&id=358&flag=F

IMARC