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Jute Market Trends
- Report ID: GMI7141
- Published Date: Oct 2023
- Report Format: PDF
Jute Market Trends
The global trend towards sustainability and eco-friendliness has benefited the market. Jute, as a natural and biodegradable fiber, has gained popularity as an alternative to synthetic materials for various applications, including packaging, textiles, and fashion items.
Frequently Asked Questions (FAQ) :
Jute industry was worth USD 2.5 billion in revenue in 2022 and is projected to expand at over 5.9% CAGR from 2023 to s2032 attributed to the growing global awareness of the environmental impact of synthetic materials and the escalated need for sustainable and biodegradable materials.
Jute bags market size reached USD 0.85 billion in 2022 and is estimated to expand at notable pace through 2032 attributed to the surging awareness of the environmental impact of single-use plastics and synthetic materials.
Asia Pacific jute industry generated USD 1.28 billion in revenue in 2022 and is poised to witness high demand through 2032 owing to the historical significance and cultural ties of jute products in the APAC countries.
Some of the prominent jute firms are Premchand Jute Industries, Gloster Limited, Aarbur, Bangalore Fort Farms, Cheviot, Ludlow Jute & Specialities, Hitaishi-KK, Howrah Mills Co. Ltd., AI Champdany Industries, Budge Budge Company, and Shree Jee International India.
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