This can be accredited to factors like constant government support, mounting awareness amongst consumers, and biodegradable composition of jute bag which makes it an environment-friendly alternative of plastic bag.

According to the latest report by IMARC Group, titled “Jute Bag Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global jute bag market reached a value of US$ 1.5 Billion in 2017. Jute, also known as golden fibre, refers to a natural fibre which is derived from jute plant. After cotton, jute is regarded as the second-most important vegetable fiber. On account of its recyclable, re-usable, non-toxic and biodegradable nature, jute bags are gradually gaining popularity across the globe. If left unused, jute bags get destroyed on their own without leaving behind any remnants or polluting the environment.



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Market Summary:

Based on type, the market has been segmented as jute sack bags and jute shopping bags. Currently, jute sack bags dominate the market, holding the largest share due to its affordable price and convenience offered.
On the basis of price, the market is classified as premium and mass. Presently, the trend of premium jute bags is witnessing a boost, predominantly in the urban regions.
Based on end use, the market has been segregated as retail and institutional. Amidst these, retail exhibits a clear dominance in the market.
Region-wise, the market has been segmented into India, Bangladesh and China. Amongst these, India is the leading market, accounting for the majority of the global share owing to suitable climatic conditions and fertility of the soil.
The competitive landscape of the market has also been examined with some of the key players being Aarbur, Ashoka Exports, Hitaishi-KK, Howrah Mills Co. Ltd., Shree Jee International Indian Ltd., and Gloster Limited.

Source: https://www.imarcgroup.com/global-jute-bag-market