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Jute Bags Market Report 2024: Growth, Trends, Analysis, Forecast 2033
Jute Bags Market
As per the report, 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 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%.
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Growing Environmental Consciousness Boosts Jute Bags Market
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.
Sustainable Trend Revolutionizing The Jute Bags Market
The bioplastic jute poly bag is a key trend gaining the popularity in the jute bags market. 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.
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
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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
Contents of the report:
1. Executive Summary
2. Jute Bags Market Report Structure
3. Jute Bags Market Trends And Strategies
4. Jute Bags Market - Macro Economic Scenario
5. Jute Bags Market Size And Growth
…..
27. Jute Bags Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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