Global Jute Bag Market, By Product (Jute Sack Bags, Jute Shopping Bags), Price (Premium, Mass), End-Use (Retail, Institutional), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Jute Bag Market
The jute bag market is expected to witness market growth at a rate of approximately 10% in the forecast period of 2021 to 2028, and will reach the value of USD 1,900 million by 2028. Data Bridge Market Research report on jute bag market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid urbanization globally is escalating the growth of jute bag market.
Jute refers to a natural fibre that is obtained from the bark of the white jute plant or the tossa jute plant. The fibre is also called as the golden fibre because of its golden and silky shine, and widely utilized in the manufacturing of packaging products and textiles. Jute provides low thermal conductivity, moderate moisture retention and good insulation.
The rise in the environment consciousness across the globe acts as one of the major factors driving the growth of jute bag market. The increase in the demand for the jute bags owning to the various advantages such as moderate moisture retention, low thermal conductivity and good insulation, and the bags are utilized as packaging material for bulk goods as well as shopping and gift bags accelerate the market growth. The increase in the popularity of the jute bags because of the features such as their biodegradability, durability, low cost, and high strength, among others, and high use of the product as packaging material for bulk goods as well as shopping and gift bags further influence the market. Additionally, improved lifestyle, rapid urbanization, increase in disposable income and change in consumer preference positively affect the jute bag market. Furthermore, product innovations and customizations extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, issues with the crease resistance and drape property are expected to obstruct the market growth. The complications with shade effect are projected to challenge the jute bag market in the forecast period of 2021-2028.
This jute bag market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on jute bag market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Jute Bag Market Scope and Market Size
The jute bag market is segmented on the basis of product, price and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the jute bag market is segmented into jute sack bags, and jute shopping bags.
- On the basis of price, the jute bag market is segmented into premium and mass.
- On the basis of end-use, the jute bag market is segmented into retail and institutional.
Jute Bag Market Country Level Analysis
The jute bag market is analysed and market size, volume information is provided by country, product, price and end-use as referenced above.
The countries covered in the jute bag market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the jute bag market due to the presence of key manufacturers within the region. Europe is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the environment consciousness in the region.
The country section of the jute bag market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Jute Bag Market Share Analysis
The jute bag market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to jute bag market.
The major players covered in the jute bag market report are Aarbur, Ashoka Exports, Hitaishi-KK Manufacturing Company Pvt. Ltd, Howrah Mills Co Ltd, BOSTON BAG CO., Michael Kors, H&M Group, BIDBI, Xiamen Novelbag co. ltd Blivus Bags., Guangzhou Yaxin Leather Co., Ltd., Deeya International, Victoria Leather Company, Moonshine Leather Company, Ara India., Shree Satyanarayanji Impex (S. S. Impex)., CS Exports., B&B Merchandising., Makewell Bags., Royal Fabric Bags., Shree Jee International, and Gloster Limited, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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