Jute Bags Market anticipated to reach US$ 70.9 Billion by 2028

IMARC Group, a leading market research company, has recently released a report titled “Jute Bags Market: Global ABS Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Jute bags market analysis, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Jute bags are manufactured from natural plant-based jute fibers that are environmentally friendly and biodegradable. They are a durable option for carrying heavy items, such as groceries, books, and various other accessories, on a daily basis. Jute bags are reusable, cost-efficient, and recyclable, as no residue is left after degradation. They are commonly available in several styles, price points, sizes, design patterns, etc. Consequently, jute bags are a versatile option for numerous purposes, including fashion accessorizing, shopping, storage, etc. They are also gaining extensive traction as an alternative to plastic and synthetic fabric across the globe.

Report Highlights

How big is the Jute bag market?

Report Attributes	Details
Market Size in 2022	US$ 43.2 Billion
Market Forecast in 2028	US$ 70.9 Billion
Growth rate (2023 to 2028)	CAGR of 8.5%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What are the growth prospects and trends in the jute bag industry?

The escalating demand for organic and natural packaging solutions is primarily driving the jute bags market. Additionally, the implementation of stringent regulations by government bodies, such as a ban on single-use plastic bags, and the inflating disposable income levels of individuals are further bolstering the market growth. Besides this, the widespread adoption of jute bags to pack bulk goods, especially in supermarkets and hypermarkets, owing to their low thermal conductivity, remarkable insulation, moderate moisture retention, etc., is acting as another significant growth-inducing factor.

Moreover, the emerging trend of sustainable fashion is positively influencing the global market. Apart from this, the introduction of jute-based products, such as wallets, tablemats, handbags, room dividers, folders, jewellery, sandals, etc., that are extensively available in various designs, shapes, sizes, styles, etc., is also stimulating the market growth. Furthermore, leading manufacturers are focusing on corporate social responsibility (CSR) to contribute to a greener environment, which is anticipated to fuel the jute bags market over the forecasted period.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Product Type Insights:

• Jute Sack Bags
• Jute Shopping Bags

End Use Insights:

• Retail
• Institutional

Price Insights:

• Premium
• Mass

Regional Insights:

• India
• Bangladesh
• China
• Others

Who are the key players operating in the industry?

The report covers the major market players including:

• Aarbur Exports Pvt. Ltd
• Shree Jee Global Pvt Ltd.
• Emjay Group LLC
• Hitachi KK Manufacturing Company Pvt Ltd
• Ashoka Exports Pvt Ltd
• Gloster Limited

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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