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Jute Bags Market Segmentation, Trends Analysis, Competitive Analysis, Key Drivers And Outlook To 2032
Jute Bags Market Analysis
The Business Research Company's Jute Bags Global Market Report 2023 identifies Rising popularity and demand for environment-friendly products as the major driver for the jute bags market's growth in the forecast period. The eco-friendly packaging products are developed on large scale due to changes in the behaviour and thoughts of the consumer. Companies all over the world are paying attention to eco-friendly packaging as it reduces shipping costs, promotes a positive brand image, is recyclable and sustainable.
The global jute bags market size grew from $2.26 billion in 2022 to $2.59 billion in 2023 at a compound annual growth rate (CAGR) of 14.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The jute bags market size is expected to grow to $3.84 billion in 2027 at a CAGR of 10.4%.
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Major competitors in the jute bags market are Aarbur, Ashoka Exports, Hitaishi-KK, Howrah Mills Co. Ltd., Shree Jee International India Ltd., Gloster Limited, Bangalore Fort Farms Ltd.
A key trend in the jute bags market includes bioplastic jute poly bag. The bioplastic jute poly bag can be used in place of polythene bags. It can be used for a variety of things, including garment packaging, packing rice, sugar, red gram and even dairy milk packaging when there is no risk of contamination or poor quality. For instance, in 2021, a Bangladeshi scientist has developed a bioplastic jute poly bag. The bag is constructed of off jute polymer and is comparable in quality to a polythene bag. It is 100% eco-friendly, reusable, and can be merged with soil in 3-4 months.
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The jute bags market is segmented -
1) By Type: Jute Sack Bags, Jute Shopping Bags
2) By Price: Premium, Mass
3) By Application: Household, Commercial
4) By End-Use: Retail, Institutional
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the jute bags market.
The Business Research Company's "Global Jute Bags Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Jute Bags Market Include:
1. Executive Summary
2. Jute Bags Market Characteristics
3. Jute Bags Market Trends And Strategies
4. Jute Bags Market - Macro Economic Scenario
5. Jute Bags Market Size And Growth
….
26. Africa Jute Bags Market
27. Jute Bags Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Jute Bags Market
29. Jute Bags Market Future Outlook and Potential Analysis
30. Appendix
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