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Jute Shopping Bags Manufacturing Business | |
| Jute Shopping Bags Manufacturing Business. Project Opportunities in Production of Eco-Friendly Jute Bags As the name itself implies the jute bags are used for shopping purpose. Now a day the printed jute bags are used for travel purposes too. Jute bags are the most common and usable products that are manufactured and sold in the market. The demand for jute bags has excessively increased over the last year. People now days carry these bags as stylish hand bags. A recent study has shown that the general public has become very bored of carrying bags made of leather bags or even plastic bags. Amid increasing awareness against the use of plastic bags, especially in the European Union, Indian jute carry and shopping bags exporters are shipping over millions of bags every year & trends show that the numbers are likely to keep rising rapidly. Jute bags are used as packaging material for bulk goods as well as shopping and gift bags. 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. Now days, you can use jute bags in multiple purposes such as:- ? Women using jute bags as stylish handbags now days ? Students use jute bags to carry books to school or College ? These are used as shopping bags all over the world ? These are used to carry lunch to work. ? It can be used school bags. ? It can be used for transferring product from one place to another. ? These bags can be used for promotional purposes as well. ? Jute bags can be used for travel and transport purposes. ? Jute bags are versatile and can be used as a gift bags. The best thing about jute bags is that they are not expensive as compare to other material bags; also these bags are eco-friendly and reusable. As per industry estimates, India had exported millions of jute bags mainly to Europe. With the big jute mills already in the manufacturing of the bags. The production of this item, which is mainly in the micro and small enterprises, has picked up substantially in the last few years. Market Outlook Indian jute carry and shopping bags exporters are shipping over millions of bags every year & trends show that the numbers are likely to keep rising rapidly. There is a big scope globally for Indian jute shopping bags as an alternative to plastic bags. India’s export of jute bags have risen quite rapidly. As per industry estimates, India had exported millions of jute bags mainly to Europe. With the big jute mills already in the manufacturing of the bags. The production of this item, which is mainly in the micro and small enterprises, has picked up substantially in the last few years. India holds the majority of the shares, representing the leading producer of jute bags. The report has also assessed the competitive landscape of the market and finds that it is fragmented in nature. The global jute bag industry is currently at a nascent stage with encouraging growth aspects. The demand for jute bags has witnessed a surge over the past few years, particularly in the European Union. This can be attributed to the growing environment consciousness in the region. The imports of jute bags in non-producing countries have also been facilitated by the ban on plastic packaging materials and bags. Additionally, the benefits offered by jute bags such as their biodegradability, durability, low cost, high strength, etc. have further supported the market growth. The global jute bag market reached a value of US$ 1.4 Billion in 2016, exhibiting a CAGR of around 11% during 2009-2016. The global jute market on the basis of type, covering jute sack bags and jute shopping bags. Currently, jute sack bags dominate the market, accounting for the majority of the sales volume. The market has further been segmented on a regional basis and includes India, Bangladesh, China and Others. Amongst these, India holds the majority of the shares, representing the leading producer of jute bags. On account of growing awareness amongst consumers, particularly due to the environmental factors like surging pollution levels and depletion of the ozone layer, the demand for jute bag is witnessing a strong growth. In addition to this, government of several emerging nations have been undertaking initiatives in order to ban the use of plastic bags. Moreover, they are levying penalties on shops which are selling and continuing to provide goods in plastic bags. As demand for plastic bag is inversely proportional to the demand for jute bag, these initiatives have led to a surge in the demand for jute bags. Further, the popularity of jute bag particularly in the Asia Pacific region is positively influencing its demand in the western countries. Apart from this, manufacturers are constantly coming up with customized bag options, experimenting in terms of style, design, shape and size, so as to widen their consumer-base. There is tremendous demand of jute shopping bag. Proportionately supply of jute shopping bag is from the tiny and small scale sector. There is no scale large industry engaged only in the production of jute shopping bags. Supply of jute shopping bag is mainly from the village co-operative tiny sector. In future there is much more scope of jute shopping bags due to replacement of plastic bag. Jute Bags is a Good product to Export. People often find some Different product to export. This can be a good option for exporters. As right now there is less competition in this product. You can easily gain competitive advantage over this. Jute bags are a wonderful alternative to plastic. It is very much in vogue nowadays which is why it is a great business venture to start with and also have a wide market. Few Indian major players are as under: • Agarpara Jute Mills Ltd. • Ambica Jute Mills Ltd. • Bally Jute Co. Ltd. • Calcutta Jute Mfg. Co. Ltd. • Caledonian Jute & Inds. Ltd. • Empire Jute Co. Ltd. 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| Return: 1.00% | Break even: N/A |
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