Publish date : 17 May, 2022
According to Future Market Insights or FMI, the global jute bags market is anticipated to flourish at 4.9% CAGR and touch the US$ 1.2bn mark in 2022. Back home, the Indian jute bags market will undergo a growth opportunity of US$ 148mn by 2032. There will be a 2.1x increase from 2022 to 2032. While the world is increasingly shifting to plastic’s best alternative, why do you think should we join the horde and use jute bags too?
Well, FMI says, this vigorous increase in jute bag use is due to its low cost, biodegradability, sustainability, and durability. In fact, India presently boasts the most lucrative market for jute bags. But what’s there in this vegetable fiber that’s making the world, including Eco Bags International, go crazy for it?