Jute Bag Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28

Author: Elena Anderson, Marketing Manager |

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Global Jute Bag Market Research Report:

The latest report by IMARC, titled “ JuteBagMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast2023-2028” " theglobal jutebagmarketsizereachedUS$2.5Billionin2022.

A jute bag refers to bags designed to hold, carry, and transport various items in a convenient and organized manner. It is manufactured by weaving or knitting jute yarns and fibers into a durable bag shape, followed by finishing, printing, and other embellishments. It is widely used for shopping, traveling, carrying groceries, home storage, packaging agricultural produce, promotional activities, and asafashionaccessory.

Ascomparedtoaplasticbag,ajutebagisahighlysustainable,biodegradable,andeco-friendlyproduct that can be reused multiple times and assist in minimizing carbon footprints. In addition, it is also available in various designs that are visually appealing and offers excellent tensile strength capable of withstandingheavyloads.

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Global Jute Bag Market Trends:

The rising consumer preference for eco-friendly products is one of the primary factors providing a thrust to the market growth. In line with this, companies and organizations are adopting sustainable practices and incorporating environmentally friendly packaging options, which is propelling the market growth. Along with this, the widespread product utilization owing to its high strength, excellent durability, and capability to withstand frequent use without wear and tear is acting as another growth-inducing factor. Furthermore, the growing product adoption as a fashion accessory due to its warm colors, rustic look, and earthly texture, which enhances the visual appearance and adds an eco-friendly touch to the outfits, is providing an impetus to the market growth. Additionally, the utilization of digital printing to create intricate patterns and customized designs on jute bags with vibrant colors, which improves the overall look and provides branding opportunities to companies and individuals, is positively influencing the market growth. Besides this, the introduction of laminated jute bags that are highly durable, water resistant, and offer long service life is supporting the market growth. Apart from this, the implementation of supportive initiatives by governments and non-governmental organizations (NGOs) to promote sustainability and educate the masses regarding eco-friendly products is contributing to the market growth. Other factors, including growing expenditure capacities of consumers, rising environmental concerns, increasing investments in the development of new products, and easy product availability across various e-commerce platforms, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 4.2 Billion by 2028, exhibiting a CAGR of 8.67% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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MarketSummary:

ProductTypeInsights:

•JuteSackBags

•JuteShoppingBags

EndUseInsights:

•Retail

•Institutional

PriceInsights:

•Premium

•Mass RegionalInsights:

•India

•Bangladesh

•China

•Others

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CompetitiveLandscapewithKeyPlayers:

• AarburExportsPvt.Ltd

• ShreeJeeGlobalPvtLtd.

• EmjayGroupLLC

• Hitachi KKManufacturingCompanyPvtLtd

• AshokaExportsPvtLtd

• andGlosterLimited

ViewFullReportwithTOC&ListofFigure: https://www.imarcgroup.com/prefeasibility-report-jute-bag-manufacturing-plant

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