Jute Bags Market Analysis | Global Industry Report 2022-2027

October 13 20:00 2022
Jute Bags Market Analysis | Global Industry Report 2022-2027
Jute Bags Market Analysis | Global Industry Report 2022-2027
The global jute bags market size reached US$ 2.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2027, exhibiting a CAGR of 8.94% during 2022-2027.

According to IMARC Group latest published report, titled “Jute bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” that the The global jute bags market size reached US$ 2.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2027, exhibiting a CAGR of 8.94% during 2022-2027.

Jute Bag Description and Application:

Jute bags are durable and multipurpose bags manufactured from the fibers of the Corchorus capsularis plant. They have a rugged texture with a golden color and are available in various sizes and designs. They are modified to produce shopping, storage and duffle bags, backpacks, and totes, which are recyclable and reusable. They are biodegradable that cause a lesser impact on the environment and lower the levels of pollution. They are sturdy and capable of carrying large weights without getting hampered. They offer insulating properties that sustain the required temperature within to maintain the quality of the products. They are widely utilized in the agricultural industry to store and transport seeds and crops as jute bags absorb moisture and keep the contents dry and free from infections. They are customized with brand logos and designs and used by sustainable skin and haircare brands to pack various products, such as shampoo, conditioner, hair masks, hair oils, soaps, creams, loofahs, and facewashes. They are also used to pack spices for keeping them fresh and restricting the growth of bacteria and fungus. As the manufacturing process of jute bags requires no chemicals and has a low carbon footprint, it finds extensive applications in chemical, pharmaceutical, cosmetics, food and beverage (F&B), textile, horticulture, and e-commerce industries across the globe.

Covid-19 Scenario:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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

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, and Gloster Limited.

Jute bags Market Trends:

The increasing utilization of jute bags in the fashion industry to create sustainable, trendy, and useful handbags with vibrant colors and innovative designs represents one of the key factors driving the market. Besides this, there is a rise in the adoption of eco-friendly materials by beauty brands to reduce their carbon footprints. This, coupled with the growing demand for jute bags among the masses around the world due to rising environmental awareness, is positively influencing the market.

In addition, governments of several countries are introducing stringent policies to ban the production of plastic bags and encourage the usage of jute bags, which is propelling the growth of the market. Apart from this, the increasing production and transportation of crops in the agricultural sector worldwide are contributing to the growth of the market. Additionally, the increasing online shopping activities of individuals across the globe, coupled with the expanding e-commerce industry, are offering a favorable market outlook. Furthermore, key players currently operating in the industry are extensively investing in research and development (R&D) activities to enhance the quality of jute bags and introduce unique product variants.

 Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=358&flag=C

Jute Bags Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 2.3 Billion

Market forecast in 2027

US$ 3.8 Billion

Growth Rate

CAGR of 8.94% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

 

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