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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Jute Bag Market Size
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.
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.
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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