The global jute bag market size reached US$ 2.07 Billion in 2020. Looking forward, the market to reach US$ 3.49 Billion by 2026, expanding at a CAGR of 9.06% during (2021-2026), according to the latest report by IMARC Group.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

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Industry Definition and Application:

Jute, along with cotton, is one of the most popular fibres due to its golden, smooth appearance. It's spun into coarse threads from the bark of two plants, white and Tossa jute, and used in ropes, carpets, and clothing. Because it decomposes without leaving any residue, it is cost-effective, reusable, recyclable, and biodegradable. As a result, it's widely employed in bag packaging and production around the world.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Jute Bag Market Trends:

Because of its favourable features, such as little thermal conductivity, great insulation, and moderate moisture retention, jute bags are commonly used to pack bulk commodities, notably in supermarkets and hypermarkets. Furthermore, increased environmental concerns have spurred a taste for natural and biodegradable products like jute bags. This, together with government initiatives to expand job opportunities and minimise the use of single-use plastics, is increasing industry growth.

Jute-based products such as handbags, wallets, tablemats, room dividers, folders, jewellery, and sandals are also being introduced by market players. They are also developing new and personalised bag alternatives in a variety of patterns, shapes, sizes, and styles to meet clients' tastes.

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Market Summary:

• Based on the product type, jute sack bags hold the largest market share, followed by jute shopping bags.
• On the basis of the end use, the market has been bifurcated into the retail and institutional segments. At present, the retail segment exhibits a clear dominance in the market.
• Based on the price, premium jute bags account for the majority of the total market share, followed by mass jute bags.
• Country-wise, the market has been divided into India, Bangladesh, and China. Amongst these, India enjoys the leading position in the market.
• The competitive landscape of the market has been examined, along with the detailed profiles of the key players operating in the industry.

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