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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Jute Bag 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.
Jute Bag Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of about USD 2.49 billion in 2023.
The market is projected to grow at a CAGR of 9.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of approximately USD 5.72 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising environmental consciousness, and the durability and low cost of jute bags.
The stringent regulations on the use of plastic bags and availability of jute bags with aesthetically pleasing designs are expected to be key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
Jute sack bags and jute shopping bags are the product types in the market.
Premium and mass are the leading segments by price in the market.
The primary end uses in the global jute bag market are retail and institutional.
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