Preference for Eco-Friendly Products to Propel the Jute Bags Industry

The jute bags industry is anticipated to show remarkable growth between 2019 and 2025, led by robust demand for eco-friendly bags across various segments. Jute bags find wide use across medicine, nutritional supplements, and several key applications. Eco-friendly bags are now used in food, households, agriculture, and other industries to store and transport various products.

Jute bags are made from the stem and strip of jute fibers, which are considered natural fibers and thus do not affect the environment. Bags made from vegetable fibers are known as environment-friendly bags and are completely biodegradable, causing no harm to the environment.

Jute can be grown without harmful pesticides or fertilizers and in small fields as well, making it easy for the manufacturers to get raw materials at a low cost. These bags are long-lasting and can be used as storage or carry bags. They are capable of resisting fire and high moisture, which makes them durable and stronger. Several government's strict rules for using plastic bags are expected to boost the market growth in the coming years.

According to a research study by Business Research Insights, the global market for jute bags is projected to rise at a CAGR of 12.08% during 2022-2025. In 2019, the market value stood at USD 2.027 billion.

COVID-19: Halted Import and Export Stagnated Market Growth

The COVID-19 outbreak resulted in strict lockdown measures in various countries, which restricted the import and export of jute products. India is the largest producer of eco-friendly bags globally and produces more than 1 million metric tons of jute products each year. The Government of India supports programs and policies that drive the market growth. Majority of the manufacturing industries were shut down due to implementation of stringent rules & regulations by governments, which halted the production and supply of eco-friendly bags.

Business Research Insights Presents the Top 5 Jute Bags Manufacturing Companies

1. Hitaishi KK: The company was established in 1974 by Om Prakash Prahladka, Ankur Prahladka Chandra, and Prakash Prahladka. It is based in Kolkata, West Bengal, and is well-known for manufacturing and exporting wooden handicrafts. It also offers a wide range of home decors, smokers, home decor, and wine accessories.

2. Ashoka Exports: The company was founded in 1970 and has lived up to being a trusted cotton & jute bags manufacturer. It offers a plethora of jute, cotton, and recycled cotton bags. The company has expanded its production capacity to more than 5 million pieces per year.

3. Howrah Mills Co. Ltd.: Howrah Mills Co. Ltd. was founded in September 1890. The company is based in Howrah, West Bengal, India. It soon became one of the largest manufacturers of jute products in India. It has been listed among the top 5 jute mills in India. The company grew due to its unique range of diversified and traditional products with an expanded production capacity of 135 metric tons per day.

4. Gloster Limited: The company is a non-governmental amalgamated company established in February 1992, registered in Kolkata. The company was founded by Satyendra Nath Bhattacharya, Dharam Chand Baheti, Prabir Ray, Nandita Sen, Krutibas Mahapatra, and Hemant Bangur. It is engaged in the manufacturing of jute and jute allied products. The factory is located in Bauria village of Howrah district.

5. Shree Jee International Indian Ltd.: The company was established in 1992 by Vinay Jindal and is based in Kolkata, West Bengal. It is listed in the list of Trade India’s verified sellers that offer supreme quality products. The company offers fancy bags, cotton bags, leather bags, eco-friendly bags, sacks bags, table mats, and other eco-friendly products.

Ban on Plastic Bags to Surge Demand for Environment-friendly Bags Globally

Demand for eco-friendly bags is constantly rising due to the ban on plastic bags. The usage of plastic bags was affecting the environment. Thus, governments imposed a ban on its usage, which is expected to incline the customers toward the adoption of these bags. As jute bags are capable of bearing more weight, they are expected to gain popularity. The steady adoption of these bags in the food industry for transporting and storing food grains will propel the market share. Developing countries, such as India, China, and Japan, are focused on using eco-friendly bags instead of plastic bags, which is most likely to gain traction in the global market. Additionally, the supportive policies by governments for the adoption of eco-friendly bags are also estimated to increase the market size.