Press release
Jute Bags Market 2024 -2033: Global Outlook, Industry Share, Business Growth And Major Players | Ludlow Jute And Specialities, B R Packaging, Gloster Limited, AI Champdany Industries Ltd., Jamia Jute Bags.
Jute Bags Market
The Business Research Company presents an extensive market research report on the Jute Bags Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The jute bags market size has grown rapidly in recent years. It will grow from $2.56 billion in 2023 to $2.87 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to environmental concerns and eco-friendly movement, government policies and subsidies, shift from plastic to natural fibers, promotion of handicrafts and artisanal products, corporate adoption of eco-friendly practices.
The jute bags market size is expected to see rapid growth in the next few years. It will grow to $4.51 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to increasing environmental concerns, consumer preference for sustainability, rise in anti-plastic movements, expansion of retail and e-commerce, fashion and design innovations. Major trends in the forecast period include sustainable fashion movement, government initiatives and regulations, corporate social responsibility (CSR), shift from single-use plastics, fashion and design trends.
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Key Market Players:
Major companies operating in the jute bags market report are Ludlow Jute And Specialities, B R Packaging, Gloster Limited, AI Champdany Industries Ltd, Jamia Jute Bags, Budge Budge Company Limited, Go Green International Jute Bags, Krishna Jute Bags Company, Bangla Jute Mills, Aarbur, Bangalore Fort Farms Ltd, National Jute Mills, Cheviot, Hitaishi-KK, G-BAGS (Green-O-Tech India), Premchand Jutex, Light Cees Jute Bag, Churiwal Technopack Private Limited, Ashoka Exports, Shree Jee International India Ltd., LMC Global Private Limited, Aamin International Company, Basu Jutex Private Limited, Diamond Jute Mills, Howrah Mills Co Ltd., Nuzhat Jute Bags Factory Private Limited, Goyal Jute Fabricator, Megha Jute Mills, New Central Jute Mills, Angus Jute Mills, The Hooghly Mills Company Limited
Market Drivers:
Rising popularity and demand for environment-friendly products are contributing to the growth of the jute bags market. The eco-friendly packaging products are developed on large scale due to changes in the behavior 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. For example, according to the survey conducted by the U.S. Cotton Trust Protocol in 2021, 61% of brands and companies stated that their demand for environmentally friendly goods has increased. Therefore, the rising popularity and demand for environmentally friendly products is expected to drive the growth of the jute bags market in the coming years.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/jute-bags-global-market-report
The jute bags market covered in this report 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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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