Global Jute Bag Market Report and Forecast 2024-2032

Global Jute Bag Market Outlook

The global jute bag market attained a value of USD 2.49 billion in 2023. The market is expected to reach USD 5.72 billion by 2032 while registering a CAGR of 9.70% during the forecast period of 2024-2032.

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On the basis of type, the jute sack bags segment was estimated as the largest market segment in 2020. They are convenient and are available at affordable prices, thus expected to increase the demand for jute sack bags in the coming years. Based on the price, the premium jute bags are significantly gaining popularity in the urban region, and, thereby, are estimated to be the major segment in 2020. Based on the end-use, the retail segment accounted for the majority of the market share and is estimated to retain its dominance during the forecast period. Regionally, India accounted for the largest market share in 2020, owing to suitable climatic conditions and fertility of the soil.

Properties and Applications

Jute is a natural fibre derived from the bark of the jute plant. It is also known as golden fibre owing to its golden and silky shine. Jute fibre is extensively used in the manufacturing of textiles, as well as packaging products. It also offers various advantages, including good insulation, low thermal conductivity, and moderate moisture retention. It can be used as packaging material for shopping goods as well as gift bags. Owing to the aforementioned factors, jute bags are gaining popularity.

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On the basis of product type, the global jute bag market is bifurcated into:

• Jute Sack Bags
• Jute Shopping Bags

Based on the price, the global jute bag market is divided into:

• Premium
• Mass

The jute bag market can be broadly segmented, on the basis of the end-use segment, into:

• Retail
• Institutional

The EMR report looks into the regional markets in the global jute bag market like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Market Analysis

The demand for jute bags has witnessed an increased demand, particularly in the European Union, owing to the growing environmental consciousness in the region. The increasing acceptance for jute bags over plastic bags and increasing imports of jute bags in non-producing countries are the factors positively influencing the jute bag market growth. Additionally, it offers many benefits such as durability, low cost, and high strength, which are also contributing to the industry growth. Moreover, developing countries are taking initiatives to ban the use of plastic bags. The stringent regulations on the use of plastic bags are likely to create a considerable demand for jute bags over the assessment period. Besides, manufacturers are coming up with innovative and customised bag options, experimenting in terms of design, style, shape, and size, to widen their consumer base. Furthermore, the popularity of jute bag, particularly in the Asia Pacific region is positively influencing its demand in western countries as well. Owing to the aforementioned factors, the industry is expected to expand over the assessment period.

The report gives a detailed analysis of the key players in the global jute bag market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Jute Bag Market Report Snapshots

Jute Bag Market Size

Jute Bag Market Analysis