What Transformation Has the Jute Bags Market Undergone?
The jute bags market has seen considerable growth due to a variety of factors.
• In the past few years, the jute bags market has seen significant expansion. It is projected to increase from $2.85 billion in 2024 to $3.2 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%.
The surge in growth during the historic period can be traced back to a rising awareness for the environment and eco-friendliness, government interventions and grants, a drift from plastic to natural fibers, the endorsement of handicrafts and handmade items, as well as the corporates embracing environmentally-friendly methods.
What Is The Forecast For The Jute Bags Market By 2029?
The jute bags market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for jute bags is predicted to experience swift expansion in the approaching years. The growth rate is forecasted to strike a CAGR of 12.5%, reaching a value of $5.13 billion by 2029. This progression in the predicted period is due to a surge in ecological mindfulness, consumers' inclination towards sustainability, amplification of anti-plastic trends, the extension of retail and e-commerce, and advancements in fashion and design. Pivotal trends observed during the forecasted span involve the sustainable fashion wave, governmental schemes and legislations, matters of corporate social responsibility (CSR), transitioning away from single-use plastics, and shifts in fashion and design paradigms.
What Are The Essential Drivers Behind The Growth Of The Jute Bags Market?
The surge in preference for environmentally favorable products is catalyzing the jute bags market expansion. Eco-friendly packaging materials are being massively produced due to shifts in consumer attitudes and perceptions. Globally, firms are focusing on green packaging for its benefits, including lower shipping costs, enhancement of positive brand reputation, recyclability and sustainability. For instance, TheRoundup, an American platform aimed at fostering environmental consciousness and sustainability, reported in April 2024 that a survey conducted in 2023 involving 2,414 US adults revealed that 62% frequently opt for eco-sustainable products, a significant increase from 27% in 2021. While 82% factor in sustainability when purchasing mattresses, the concern for 52% is the expense. Hence, the heightened preference and need for green products are anticipated to spur the growth trajectory of the jute bags market in the future.
How Is The Globa Jute Bags Market Divided Into Key Segments?
The jute bags market covered in this report 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
Subsegments:
1) By Jute Sack Bags: Plain Jute Sack Bags, Printed Jute Sack Bags, Multi-Purpose Jute Sack Bags
2) By Jute Shopping Bags: Reusable Jute Shopping Bags, Promotional Jute Shopping Bags, Designer And Fashion Jute Bags
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What Trends Are Reshaping The Jute Bags Market?
The upswing in the jute bags market has been largely attributable to the rising trend of bioplastic jute poly bags. These bags, serving as an effective alternative to polythene bags, find numerous applications ranging from garment packaging and packing food items such as rice, sugar, red gram to dairy milk packaging, provided there's no compromise on quality or chance of contamination. In a notable example from June 2023, the United Nations Development Programme (UNDP), an American international development organization, marked World Environment Day by launching eco-friendly, biodegradable bags made from a blend of jute and polymer in Bangladesh. These Sonali Bags, invented by a scientist from Bangladesh, were handed out to UNDP employees as a sustainable substitute.
Who Are the Key Players in the Jute Bags Market?
Major companies operating in the jute bags market include:
• Ludlow Jute And Specialities
• B R Packaging
• Gloster Limited
• AI Champdany Industries Ltd
• Jamia Jute Bags
• Budge Budge Company Limited
• Go Green International Jute Bags
• Krishna Jute Bags Company
• Bangla Jute Mills
• Aarbur
• Bangalore Fort Farms Ltd
• National Jute Mills
• Cheviot
• Hitaishi-KK
• G-BAGS (Green-O-Tech India)
• Premchand Jutex
• Light Cees Jute Bag
• Churiwal Technopack Private Limited
• Ashoka Exports
• Shree Jee International India Ltd.
• LMC Global Private Limited
• Aamin International Company
• Basu Jutex Private Limited
• Diamond Jute Mills
• Howrah Mills Co Ltd.
• Nuzhat Jute Bags Factory Private Limited
• Goyal Jute Fabricator
• Megha Jute Mills
• New Central Jute Mills
• Angus Jute Mills
• The Hooghly Mills Company Limited
What are the Regional Insights into the Jute Bags Market?
Asia-Pacific was the largest region in the jute bags market in 2024. The regions covered in the jute bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
