Future Market Insights (FMI) predicts that the popularity of jute bags will continue to grow from 2022 to 2032 due to their reliability, affordability, and sustainability.
Jute bags are versatile and suitable for various purposes, ranging from transporting heavy agricultural goods like wheat and paddy to carrying lightweight items like gifts and jewelry. They are particularly well-suited for food packaging due to their inherent properties, including anti-static and UV protection. Moreover, jute bags with stylish accents and designs are gaining popularity among visitors and travelers.
Jute bags find applications in multiple industries for packaging purposes, including the fashion, retail, and textile sectors. Manufacturers cater to the diverse needs of end-users by producing jute bags with different weight capacities, ranging from up to 10 kilograms to over 50 kilograms.
Efficient distribution and the effectiveness of sustainable jute packaging are additional factors influencing the market growth. The jute bag market is projected to grow at a compound annual growth rate (CAGR) of 4.9% during the forecast period, driven by these factors.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14579
In conclusion, the jute bag market is set to experience steady growth as more people recognize the benefits of jute bags in terms of durability, affordability, and sustainability. With their versatility and appeal across various industries, the demand for jute bags is expected to increase. The market’s growth is further supported by the efficiency of sustainable jute packaging and the availability of bags in different capacities.
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 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.
“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.
Market Benefits
- The study provides an in-depth analysis of the global jute bags market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analysed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2022 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14579
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.
Regional Analysis:
India’s Dominance in the Lucrative Jute Bags Market
Adoption of Jute Bags in the Agriculture Sector Drives Sales in India: India is considered the most lucrative jute bags market due to the widespread adoption of jute bags in the agriculture sector. The country’s production of jute goods, including hessian and sacking bags, reached 756,000 MT in 2021. The value of jute goods exports from India, particularly hessian and sacking goods, was significant, with exports totaling US$ 109 million and US$ 59 million, respectively, in 2020-2021. India’s jute bags market is projected to account for over 48% of the South Asian market, with a substantial incremental opportunity of US$ 148 million by 2032, growing by 2.1x between 2022 and 2032.
Growing Opportunity in the USA Jute Bags Market
Rising Demand Driven by Sustainability Concerns: The USA jute bags market presents a significant opportunity driven by growing sustainability concerns. According to the National Cotton Council of America, 61% of companies and retailers are adopting eco-friendly products due to environmental sustainability. The USA is expected to hold 88% of the North American jute bags market during the forecast period. The market in the USA is projected to offer an incremental opportunity of US$ 119 million by 2032, expanding by 1.6x over the assessment period. The demand for jute bags in the USA is fueled by the increasing preference for eco-friendly and sustainable packaging solutions
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-14579
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
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
