Jute Bags Market demand increase at a growing CAGR of 8.9 percent by 2029, Increase in Plastic Bans and Rise Use of Eco-Friendly Products to Drive Jute Bags Market Growth

Pune 23, Feb 2023: The total global market for the "Jute Bags Market" was valued at USD 2.29 Bn in 2021 and is expected to significantly grow at a CAGR of 8.9 percent over the forecast period to reach USD 4.54 Bn by 2029. Maximize Market Research, an international business & consultancy firm in India, has recently published a report.

Jute Bags Market Report Scope and Research Methodology

The report provides a global Jute Bags Market analysis of an industry definition and applications including popular fabric, packaging material as well as shopping bags industry manufacturers. Jute Bags applications such as college bags, purses, haversacks, and sling bags for college-goers and other consumer segments provide in the reports. The report covers the regional and country-level analysis of the Jute Bags Market for recent and future growth trends, prospects, leading exporters and their suppliers to the market. Jute Bags Market provides the CAGR of the market, market size, value, volume, revenue, sales, and other key factors related to the Market. The report provides a comprehensive overview, of the Jute Bags Market shares, drivers, restraints, and growth opportunities of the market. Every segment of the industry is evaluated on the basis of growth rate and share of the market. The key market players by region, along with their revenue, financial status, and technical developments are analyzed for understanding the competitive landscape of the market. The bottom-up approach was used to estimate the Jute Bags Market size.

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Increase in plastic bans and rise use of Eco-Friendly products to drive Jute Bags Market growth

Strict government rules and regulations for single-use plastic to boost the demand for jute bag market across the world. Jute bags provide affordable alternatives and attracted consumers' satisfaction through experimental design shape and size. Growing urbanization and changing people's lifestyles with well-disposable income expenditure and modernization are expected to drive the Jute Bags Market.

Based on product type, the market is segmented into Jute Sack Bags and Jute Shopping Bags with Jute Sack Bags segment dominating the majority of the market share due to being frequently used for conducting fruits, grains and vegetables. The Jute Bags Market is driven by the cheap cost, lightweight and easy-to-transport properties of Jute Sack Bags.

Asia Pacific Region held the largest Jute Bags Market share in 2021

Asia Pacific held the largest market share in 2021 and is expected to significantly drive during the forecast period. High global jute production in the region is a major key fact that dominated the Jute Bags Market growth. Use of jute bags in India for several applications like agriculture, the retail sector for packaging purposes also used traditional handicraft items, making it a leading Jute Bags producer. On the other side, low-cost production of products due to the availability of raw materials in China is expected to drive the Jute Bags Market during the forecast period.

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Jute Bags Market Segmentation

By Product Type:

Jute Sack Bags
Jute Shopping Bags

By End-Use:

Retail
Institutional

By Price:

Mass
Premium

Jute Bags Market Key Players include:

Aarbur (India)
Ashoka Exports (India)
Hitaishi-KK (India)
Howrah Mills Co. Ltd. (India)
Shree Jee International India Ltd. (India)
Gloster Limited. (India)
MANYAN INC. (Canada)
Bombay Bags (India)
JOYTEX GMBH & CO. KG (Germany)
PEMA Verpackung GmbH (Germany)
Trident Jute (South Africa)
Zest tex (India)
Jute Cotton Bags (India)
Asia Jute (Bangladesh)
Cotheeka Jute Industry (Bangladesh)

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Table of content for the Global Jute Bags Market includes:

Global Jute Bags Market: Research Methodology

Global Jute Bags Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Jute Bags Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Jute Bags Market Segmentation
Global Market, by Product Type (2021-2029)
Global Market, by End-Use (2021-2029)
Global Market, by Price (2021-2029)

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Regional Global Jute Bags Market (2021-2029)
Regional Market, by Product Type (2021-2029)
Regional Market, by End-Use (2021-2029)
Regional Market, by Price (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product Type, End-Use, Price and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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Global Retail Carry Bags Market: 2020-2026 - know more
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