About Jute Bags
Jute Bags are made of jute fiber that comes from the stem and ribbon of the jute plant. As a packaging material, jute offers advantages such as good insulation, low thermal conductivity and moderate moisture retention. On account of this, jute bags are used as packaging material for bulk goods as well as shopping and gift bags. As per the sources, India and Bangladesh are the tops producers of jute fiber. In India, West Bengal accounts for 50% of the country's total jute produce. Jute bags market in India is expected to grow at an impressive rate during the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.9% |
The global jute bags market is fragmented due to the presence of several manufacturers at the global and regional levels. The level of competition among the companies in the jute bags market is intense and manufacturers focus on developing customized products for the customers. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Jute Bags market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zesttex (United States), Jutelam (United States), NNZ Inc (United States), GoJute (United Kingdom), Aarbur (India), Hitaishi KK Manufacturing Co Pvt Ltd (India), Howrah Mills Co. Ltd. (India), Krishna Jute Bags Company (India), Shree Jee International India Ltd. (India) and Gloster Limited (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Yucon Exports Private Limited (India), Aditya Translink Pvt. Ltd (India), Bangalore Fort Farms (India), Budge Budge Company (India), Cheviot (India), Ludlow Jute & Specialities (India) and Wuxi Loonde Packing & Crafts Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Jute Bags market by Type (Jute Sack Bags, Jute Shopping Bags, Jute Hessian Bags, Double Wrap Bag and Jute Webbing), Application (Retail, Agriculture, Packaging Industry, Textile, Horticulture, Personal Use and Others) and Region.
On the basis of geography, the market of Jute Bags has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Weight Capacity, the sub-segment i.e. Up to 1 Kg will boost the Jute Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Premium will boost the Jute Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Environmental Consciousness
Market Growth Drivers:
Rising Disposable Incomes And Population and Increase In Import Of Jute Bags In European Region
Challenges:
Capability in Handling Outweigh and Poor Crease Resistance
Restraints:
Availability of Substitute Products
Opportunities:
Jute Bags Durability And Low Cost and Government Initiatives to Reduce Plastic Bags Usage
Market Leaders and their expansionary development strategies
In Sep 2022,Karl Weiterer GubH Acquired of some packaging based packing based solution Lc pakaging expand jute product range and product
In MARCH 2020 plastic bag ban, MUJI is launching environmentally-friendly jute tote bags. Jute Bags will be available in select New York stores in 3 sizes: large, medium, and small.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Jute Bags Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.