USD 1.51 billion
Jute Packaging Market Size, Share, Growth Analysis, By Type(Pouch, Bag, Hessian/ Sack, Others), By Capacity(Up to 10 Kg, 11-30 Kg, 31-50 Kg, above 50 Kg), By Application(Food & Beverages, Household, Agriculture, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15P2016 |
Region:
Global |
Published Date: April, 2024
Pages:
228
|Tables:
93
|Figures:
76
Jute Packaging Market Insights
Jute Packaging Market size was valued at USD 1.51 billion in 2019 and is poised to grow from USD 1.56 billion in 2023 to USD 1.93 billion by 2031, growing at a CAGR of 3.4% in the forecast period (2024-2031).
Jute bags are manufactured from natural fibers taken from the stems of the Tossa or white jute plant. They are long-lasting, reusable, lightweight, inexpensive, sustainable, and sturdy, with low heat conductivity and antistatic qualities, as well as moderate moisture retention. As a result, they are employed in the production of commercial packaging bags all over the world. Several manufacturers are now developing multi-purpose bags in a variety of sizes, kinds, textures, and colors that may be used for a variety of purposes, such as backpacks, school bags, shopping bags, and carry bags. The ban on plastic bags in several countries is a major element driving the growth of the jute bag industry. Jute bags are robust and have several features such as re-useability, recyclable, biodegradability, and cost-effectiveness that set them apart from other material bags such as plastic bags and paper bags.
US Jute Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hessian/ Sack
Fastest Growth
Hessian/ Sack
Growth Rate
3.4% CAGR
Global Jute Packaging Market 2021-2028 ($ Mn)
Country Share for Asia-Pacific Region- 2021 (%)
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Jute Packaging Market Segmental Analysis
The global jute packaging market is segmented based on type, capacity, application, and region. Based on the type, the market is segmented into pouch, bag, hessian/ sack, and others. Based on capacity, the market is segmented into Up to 10 Kg, 11-30 Kg, 31-50 Kg, above 50 Kg. Based on application, the market is segmented into food & beverages, household, agriculture, and others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.Analysis by Capacity
Based on capacity, the jute packaging market is segmented into Up to 10 Kg, 11-30 Kg, 31-50 Kg, above 50 Kg. Among these, the 11-30 Kg segment is projected to hold the most substantial share in the market. The segmental growth of the market is attributed to the increased demand for medium sized jute packaging bags of near about 11-30 Kg capacity from a variety of applications including food products, household, agriculture among many others. Hence, this is likely to drive the segmental growth of the market in the upcoming years.
Global Jute Packaging Market By Type, 2021 (%)
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Jute Packaging Market Regional Insights
In 2021, Asia-Pacific region is expected to have the biggest market share. The Asia-Pacific region is further studied into China, India, Japan, South Korea, and the Rest of Asia-Pacific. The regional growth of the market is attributed to countries such as India, China, and Bangladesh have the highest output in the APAC region, attracting packaging product manufacturers to expand their manufacturing facilities in these areas due to the low cost of production. The rising concern for sustainability in the United States and many European countries creates a market potential for the bag business in these regions. Furthermore, the rising trade of food grains in numerous regions raises global demand for jute packaging products.
Global Jute Packaging Market By Geography, 2021 - 2028
- Largest
- Fastest
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Jute Packaging Market Dynamics
Jute Packaging Market Driver
- The ban on plastic bags in several countries is a major element driving the growth of the jute bag industry. Jute bags are robust and have several features such as re-useability, recyclable, biodegradability, and cost-effectiveness that set them apart from other material bags such as plastic bags and paper bags. The jute bags are sturdy, allowing them to hold more weight. As a result of this issue, jute bags are becoming more popular in the food industry for storing and transporting food grains. Jute bags are durable and do not rip as easily as plastic and paper bags, making them popular among end consumers.
Jute Packaging Market Restraint
- Lack of customer reachability along with the raw material availability in some regions of the world is projected to limit the global jute packaging market growth. Further, the availability of other alternative products such as paper, plastic, metal, glass and other packaging products also acts as a key impediment to the jute packaging market growth.
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Jute Packaging Market Competitive Landscape
The prominent players operating in the jute packaging market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Jute Packaging Market Top Player's Company Profiles
- Hitaishi-KK Manufacturing Company
- Aarbur
- Gloster Jute Limited
- Ludlow Jute & Specialities Ltd.
- Agarpara Jute Mills Ltd.
- Asha Jute Industries Limited
- Bally Jute Company Limited
- Howrah Mills Co. Ltd.
- Cheviot Company Limited
- Delta Jute Mills Company Limited
- Ganges Jute Pvt Ltd.
- Hooghly Infrastructure Pvt. Ltd.
- Kolkata Jute Industries Pvt. Ltd.
- Shree Hanuman Jute Mills Pvt. Ltd.
- New Central Jute Mills Co. Ltd.
- Naffar Chandra Jute Mills Ltd.
- The Naihati Jute Mills Co. Ltd.
- The Victoria Jute Company Limited
- Wellington Jute Mill
- Zhejiang Jute Texitile Co. Ltd.
Jute Packaging Key Market Trends
- The expansion of the Jute Packaging market was aided by enhanced lifestyle, increased urbanization, rise in disposable income and change in consumer preference positively affect the jute bag market. The primary factors supporting the growth of the jute bag market is the global increase in environmental consciousness. The increased demand for jute bags due to several benefits such as moderate moisture retention, low thermal conductivity, and high insulation, as well as the bags being used as packaging material for bulk products as well as shopping and gift bags, is driving market expansion. The increased popularity of jute bags due to features such as biodegradability, durability, low cost, and high strength, among others, as well as the product's widespread use as packaging material for bulk goods as well as shopping and gift bags, all have an positive impact on the market.
Jute Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global jute packaging market is segmented based on type, capacity, application, and region. Based on the type, the sack/ hessian segment is projected to hold the most lucrative share in the market. Based on the capacity, the 11-30 Kg segment is projected to hold the most lucrative share in the market. Based on application, the agriculture segment is projected to hold the most lucrative share in the market. Whereas, based on the region, the Asia-Pacific region is projected to hold the most lucrative share in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.51 billion |
| Market size value in 2031 | USD 1.93 billion |
| Growth Rate | 3.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Jute Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Jute Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Jute Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Jute Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Jute Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Jute Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Jute Packaging Market Report Snapshots
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