The Jute Bag Global Market Report 2023 by The Business Research Company, provides jute bags market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Jute Bag Global Market Report 2023, the market size is expected to grow from $2.26 billion in 2022 to $2.59 billion in 2023 at a compound annual growth rate (CAGR) of 14.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of jute bags is expected to grow to $3.84 billion in 2027 at a CAGR of 10.4%.
Rising popularity and demand for environment-friendly products are contributing to the growth of the jute bags market. The eco-friendly packaging products are developed on large scale due to changes in the behaviour and thoughts of the consumer. Companies all over the world are paying attention to eco-friendly packaging as it reduces shipping costs, promotes a positive brand image, is recyclable and sustainable
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The jute bags market is segmented:
1) By Type: Jute Sack Bags, Jute Shopping Bags
2) By Price: Premium, Mass
3) By Application: Household, Commercial
4) By End-Use: Retail, Institutional
The bioplastic jute poly bag is a key trend gaining the popularity in the jute bags market. The bioplastic jute poly bag can be used in place of polythene bags. It can be used for a variety of things, including garment packaging, packing rice, sugar, red gram and even dairy milk packaging when there is no risk of contamination or poor quality. For instance, in 2021, a Bangladeshi scientist has developed a bioplastic jute poly bag. The bag is constructed of off jute polymer and is comparable in quality to a polythene bag. It is 100% eco-friendly, reusable, and can be merged with soil in 3–4 months.
The jute bags market report table of contents includes:
1. Executive Summary
2. Jute Bags Market Characteristics
3. Jute Bags Market Trends And Strategies
4. Jute Bags Market – Macro Economic Scenario
5. Jute Bags Market Size And Growth
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26. Africa Jute Bags Market
27. Jute Bags Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Jute Bags Market
29. Jute Bags Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Aarbur
- Ashoka Exports
- Hitaishi-KK
- Howrah Mills Co. Ltd
- Shree Jee International India Ltd
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