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Home Research Reports Jute Bags Market will Reach Revenues Worth US$ 1.9 billion by 2032 : FMI Analysis
Research Reports

Jute Bags Market will Reach Revenues Worth US$ 1.9 billion by 2032 : FMI Analysis

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Research Report 1

The primary advantage of jute bags is that they are recyclable and are inexpensive. Bulk materials and retail goods are best stored in jute bags. 

NEWARK, Del: Because of its biodegradability, toughness, affordability, and sustainability, jute bags market are expected to see an increase in popularity, according to Future Market Insights (FMI). Jute bag sales are anticipated to grow steadily during the projection period (2022-2032).

Jute bags are increasingly being used for a variety of tasks, from carrying small jewellery and gifts to heavy agricultural commodities like wheat, paddy, etc., supporting market growth.

These jute bags are naturally anti-static and UV-protected, making them ideal for use with food. Tourists and travellers are also embracing jute bags with stylish designs and embellishments.

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Several end-use industries, including the fashion, retail, and textiles industries, employ jute bags. As a result, manufacturers are providing these bags in a variety of capacities to suit the needs of end users, including up to 10 kg, 11–30 kg, 31–50 kg, and above 50 kg.

Furthermore, the industry is expanding thanks to sustainable jute packaging, which has a more efficient and effective manner of distribution. These factors are expected to support the market for jute bags, which will grow at a CAGR of 4.9% over the forecast period.

Key Takeaways from Jute Bags Market

  • By capacity, 11-30 kg of jute bags segment is projected to remain the leading segment, accounting for 38.5% of the total market share by the end of 2032.
  • By distribution channel, the offline segment is anticipated to dominate the market during the forecast period.
  • Based on end use, the retail segment is projected to register a CAGR of 5.1%, holding over 45.8% of the total market share during 2022-2032.
  • South Asia and Europe regions are anticipated to showcase the highest demand for jute bags, accounting for 47% of the market share by the end of 2032.
  • India is expected to spearhead the growth in South Asia jute bags market owing to the rising applications in agriculture industry.

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“Growing demand for cost-effective, durable, ecologically friendly, and sustainable packaging products will boost the jute bag sales across a wide range of industries. Furthermore, personalization and printability features on jute bags will create lucrative opportunities for the jute bags manufacturers” says FMI analyst.

Expansion of Food Retail Sector to Supplement the Sales of Jute Bags

The global jute bags market is majorly driven by rising demand from the retail industry. Increasing production output from the food sector will create a substantial demand for jute sacks and bags to store and carry a wide range of food items. 

Jute has become more predominant to package several food items such as sugar, paddy, wheat, vegetables, tea and coffee bean. The global retail market has observed healthy growth over the last few years, and is estimated to continue in the forecast years.

In terms of value addition, the food retail industry is one of the most prominent sectors in numerous economies. Also, expenditure on food and household consumption are increasing which is predicted to enhance the economic growth of the retail industry. This is anticipated to create a positive effect on the demand for jute across the globe.

Jute Bags Market Landscape

PEMA Verpackung GmbH, MANYAN INC., Trident Jute and Bombay Bags are the key players operating in the jute bags market. Addionally, JOYTEX GMBH & CO. KG, Jute Cotton Bags, Asia Jute, Zest tex, Cotheeka Jute Industry and TopTrans International are also noticeable players in the jute bags market. The Tier 1 players in the market hold 10-15% in the global jute bags market.

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Jute Bags Market By Category

By Capacity:

  • Up to 10 Kg
  • 11-30 Kg
  • 31-50 Kg
  • Above 50 Kg

By End Use:

  • Household
  • Retail
  • Institutional

By Distribution Channel:

  • Offline
  • Online

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia

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Table of Content 

  1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

  1. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

  1. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. End Use Innovation / Development Trends

  1. Key Success Factors

    4.1. End Use Adoption / Usage Analysis

    4.2. End Use USPs / Features

    4.3. Strategic Promotional Strategies

 

Click Here for Jute Bags Market 189 pages TOC Report 

 

About the Packaging Division at Future Market Insights 

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help. 

 

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About Us :  

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries. 

 

Contact Us: 

Future Market Insights Inc.   
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Suite 401, Newark, Delaware – 19713, USA   
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