Jute Bags Market By Emerging Trends, Business Strategies, Developing Technologies, Revenue, Competitive Landscape, Regional Overview And Covid-19 Impact Analysis Till 2032

As per Future Market Insights (FMI), the demand for jute bags is projected to increase due to their biodegradability, durability, low cost and sustainability. Sales of jute bags are projected to increase at a steady pace over the forecast period (2022-2032).

Growth in the market is underpinned amid rising application of jute bags for a variety of purposes, from carrying lightweight jewellery & gifts and to carrying heavy agricultural produce such as wheat, paddy, etc.

These jute bags are UV-protected and suitable for use with food and they are naturally anti-static. Jute bags with trendy prints and decorations are also gaining immense popularity among tourists and travellers.

The jute bags are used by different end-use sectors such as fashion, retail and textiles industries. Hence, manufacturers are offering these bags in a different capacity as per the requirement of the end-users such as up to 10 kg, 11-30 kg, 31-50 kg and above 50 kg.

Further, sustainable jute packaging is facilitating the growth in the market as they have more cost-effective method of distribution that produces better results. On the back of these factors, the jute bags market is anticipated to rise at 4.9% CAGR during the forecast period.

Key Takeaways from Jute Bags Market

By capacity, 11-30 kg of jute bags segment is projected to remain the leading segment, accounting for 38.5% of the total market share by the end of 2032.

By distribution channel, the offline segment is anticipated to dominate the market during the forecast period.

Based on end use, the retail segment is projected to register a CAGR of 5.1%, holding over 45.8% of the total market share during 2022-2032.

South Asia and Europe regions are anticipated to showcase the highest demand for jute bags, accounting for 47% of the market share by the end of 2032.

India is expected to spearhead the growth in South Asia jute bags market owing to the rising applications in agriculture industry.

"Growing demand for cost-effective, durable, ecologically friendly, and sustainable packaging products will boost the jute bag sales across a wide range of industries. Furthermore, personalization and printability features on jute bags will create lucrative opportunities for the jute bags manufacturers" says FMI analyst.

Expansion of Food Retail Sector to Supplement the Sales of Jute Bags

The global jute bags market is majorly driven by rising demand from the retail industry. Increasing production output from the food sector will create a substantial demand for jute sacks and bags to store and carry a wide range of food items.

Jute has become more predominant to package several food items such as sugar, paddy, wheat, vegetables, tea and coffee bean. The global retail market has observed healthy growth over the last few years, and is estimated to continue in the forecast years.

In terms of value addition, the food retail industry is one of the most prominent sectors in numerous economies. Also, expenditure on food and household consumption are increasing which is predicted to enhance the economic growth of the retail industry. This is anticipated to create a positive effect on the demand for jute across the globe.

Jute Bags Market Landscape

PEMA Verpackung GmbH, MANYAN INC., Trident Jute and Bombay Bags are the key players operating in the jute bags market. Addionally, JOYTEX GMBH & CO. KG, Jute Cotton Bags, Asia Jute, Zest tex, Cotheeka Jute Industry and TopTrans International are also noticeable players in the jute bags market. The Tier 1 players in the market hold 10-15% in the global jute bags market.

Jute Bags Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global jute bags market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the jute bags based on the capacity (up to 10 kg, 11-30 kg, 31-50 kg and above 50 kg), end use (household, retail and institutional), and distribution channel (offline and online) across seven regions.

Brows Full Report @ https://www.futuremarketinsights.com/reports/jute-bags-market

Comments

Post a Comment

Popular posts from this blog

Beverage Coaster Market Global Analytical Study, Growth Strategies, Size, Product Type, End User, Geography And Competitive Analysis

  Global Beverage Coaster - Market Overview: A beverage coaster is a small mat which is used for resting  beverages  upon it. Beverages coaster protects the surface, such as table from getting heated or dirty from the beverage kept in a glass, cup, bowl etc. Nowadays there has been a good demand for beverage coaster due to increase in the preferences of coffee shops, pubs, lounges, etc. by consumers where the most common food items sold are beverages. The beverage coasters are made of paper or foam which soaks the excess water of beverage cups, beer mugs, etc. and protect the surface of table. Even the beverage coaster are used for providing advertisement and trademarks of several brands. Beverage coasters are usually made of paperboard, tissue paper, foam, etc. which are expected to witness extensive growth during the forecast period 2017-2025. Global Beverage Coaster - Market Dynamics: In recent years, beverage coaster market have seen a ...
Read more

Bottles Market Innovative Services And Advanced Applications, Future Growth Till 2032

  A comprehensive analysis on the Bottles market by Future Market Insights (FMI) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Material, Capacity, End Use and Configuration over the next 10-years The global bottles market  is expected to reach a market valuation of  US$ 108.0 Bn by the year 2022, accelerating at a CAGR of 5.0% by 2022-2032. Future Market Insights (FMI) has predicted the bottles market size to top  US$ 108 Bn  in 2021. The packaging industry produced 146 million tonnes of plastic and waste generation by the industry was 141 million tonnes in 2015 based on research by Geyer et al. Most of the alternatives are either costlier or functionally incapable of replacing plastic. These developments are expected to have a considerable impact on the bottles market. With focus slowly shifting away from plastic a...
Read more

Signage Market Forecast With Potential Impact, Despite Covid-19 Pandemic, Finds FMI 2022 - 2031

  The retail industry is witnessing structural changes along with the adoption of refined strategies that will have a direct impact on the demand for signages. Highly fragmented market and increasing competition for offline stores from e-commerce businesses have resulted in changes in the conventional retail. As per a study by Future Market Insights (FMI), this will create attractive scope for the expansion of the  signage market  between 2021 and 2031. Signage for retail stores can be made in different sizes and forms based on location of installation and intent of the business, but they all have the same purpose to attract customers and increase the awareness about the brand. Signage design plays a vital part in increasing the sales of the business. Signage design is the first brand impression that many customers remember about a brand. A good signage communicates products and services of company and what can a customer can expect from the company. For instance, McD...
Read more