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Global Jute Bag Market: By Product Type: Jute Sack Bags, Jute Shopping Bags; By Price: Premium, Mass: By End Use: Retail, Institutional; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Manufacturing Process; Project Details, Requirements and Costs Involved; Competitive Landscape; Industry Events and Developments
Global Jute Bag Market Outlook
The global jute bag market attained a value of USD 1.9 billion in 2020. The market is expected to reach USD 3.3 billion by 2026 while registering a CAGR of 9.4% during the forecast period of 2023-2028.
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On the basis of type, the jute sack bags segment was estimated as the largest market segment in 2020. They are convenient and are available at affordable prices, thus expected to increase the demand for jute sack bags in the coming years. Based on the price, the premium jute bags are significantly gaining popularity in the urban region, and, thereby, are estimated to be the major segment in 2020. Based on the end-use, the retail segment accounted for the majority of the market share and is estimated to retain its dominance during the forecast period. Regionally, India accounted for the largest market share in 2020, owing to suitable climatic conditions and fertility of the soil.
Properties and Applications
Jute is a natural fibre derived from the bark of the jute plant. It is also known as golden fibre owing to its golden and silky shine. Jute fibre is extensively used in the manufacturing of textiles, as well as packaging products. It also offers various advantages, including good insulation, low thermal conductivity, and moderate moisture retention. It can be used as packaging material for shopping goods as well as gift bags. Owing to the aforementioned factors, jute bags are gaining popularity.
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On the basis of product type, the global jute bag market is bifurcated into:
- Jute Sack Bags
- Jute Shopping Bags
Based on the price, the global jute bag market is divided into:
- Premium
- Mass
The jute bag market can be broadly segmented, on the basis of the end-use segment, into:
- Retail
- Institutional
The EMR report looks into the regional markets in the global jute bag market like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The demand for jute bags has witnessed an increased demand, particularly in the European Union, owing to the growing environmental consciousness in the region. The increasing acceptance for jute bags over plastic bags and increasing imports of jute bags in non-producing countries are the factors positively influencing the jute bag market growth. Additionally, it offers many benefits such as durability, low cost, and high strength, which are also contributing to the industry growth. Moreover, developing countries are taking initiatives to ban the use of plastic bags. The stringent regulations on the use of plastic bags are likely to create a considerable demand for jute bags over the assessment period. Besides, manufacturers are coming up with innovative and customised bag options, experimenting in terms of design, style, shape, and size, to widen their consumer base. Furthermore, the popularity of jute bag, particularly in the Asia Pacific region is positively influencing its demand in western countries as well. Owing to the aforementioned factors, the industry is expected to expand over the assessment period.
The report gives a detailed analysis of the key players in the global jute bag market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Price, End Use, Region |
| Breakup by Product Type | Jute Sack Bags, Jute Shopping Bags |
| Breakup by Price | Premium, Mass |
| Breakup by End Use | Retail, Institutional |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Jute Bag Market Analysis
8.1 Key Industry Highlights
8.2 Global Jute Bag Historical Market (2018-2022)
8.3 Global Jute Bag Market Forecast (2023-2028)
8.4 Global Jute Bag Market by Product Type
8.4.1 Jute Sack Bags
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Jute Shopping Bags
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Jute Bag Market by Price
8.5.1 Premium
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Mass
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Jute Bag Market by End Use
8.6.1 Retail
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Institutional
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Jute Bag Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
12.1 Detailed Process Flow
12.2 Operations Involved
12.3 Mass Balance
13 Price Analysis
13.1 Price Structure
13.2 Price Trends
14 Project Details, Requirements and Costs Involved
14.1 Land Requirement and Expenditures
14.2 Construction Requirements and Expenditures
14.3 Plant Machinery
14.4 Plant Layout
14.5 Machinery Pictures
14.6 Raw Material Requirements and Expenditures
14.7 Raw Material and Final Product Pictures
14.8 Packaging Requirements and Expenditures
14.9 Transportation Requirements and Expenditures
14.10 Utility Requirements
14.11 Manpower Requirements and Expenditures
14.12 Other Capital Investments
15 Loans and Financial Assistance
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing
16.4 Income Projections
16.5 Expenditure Projections
16.6 Taxation and Depreciation
16.7 Financial Analysis
16.8 Profit Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players’ Market Share
17.3 Company Profiles
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.1.3 Demographic Reach and Achievements
17.3.1.4 Financial Summary
17.3.1.5 Certifications
18 Industry Events and Developments
List of Key Figures and Tables
1. Global Jute Bag Market: Key Industry Highlights, 2018 and 2028
2. Global Jute Bag Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Jute Bag Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Jute Bag Historical Market: Breakup by Price (USD Billion), 2018-2022
5. Global Jute Bag Market Forecast: Breakup by Price (USD Billion), 2023-2028
6. Global Jute Bag Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Jute Bag Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Jute Bag Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Jute Bag Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Jute Bag Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Jute Bag Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Jute Bag Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Jute Bag Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Jute Bag Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Jute Bag Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Jute Bag Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Jute Bag Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Jute Bag Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Jute Bag Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Jute Bag Market Structure
Key Questions Answered in the Report
The global jute bag market reached a value of about USD 1.9 billion in 2020.
The market is projected to grow at a CAGR of nearly 9.4% in the forecast period of 2023-2028.
The market is estimated to reach a value of approximately USD 3.3 billion by 2026.
The major drivers of the industry include rising disposable incomes, increasing population, rising environmental consciousness, and the product’s durability and low cost.
The stringent regulations on the use of plastic bags are expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.
The jute sack bags segment is the dominant product type of the product in the market.
The premium segment is the leading segment by price in the industry.
The retail segment accounts for the largest market share, among other end-use segments in the industry.
Analyst Review
The global jute bag market attained a value of USD 1.9 billion in 2020 driven by the rising environmental consciousness. Aided by the stringent regulations on the use of plastic bags, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 9.4%. The industry is projected to reach USD 3.3 billion by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the global market for jute bag can be segmented into jute sack bags and jute shopping bags, with jute sack bags accounting for the largest market share. By price, the premium segment leads the industry. On the basis of end use, the retail sector accounts for the largest share in the global industry. The major regional markets for jute bag are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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