The forecast for the Indian market size of sacks and bags made of jute or other textile bast fibres shows a steady decline. From a projected value of USD 341.76 million in 2024, the market is expected to decrease to USD 299.92 million by 2028. This represents a compound annual growth rate (CAGR) of approximately -3.3% over this period. Year-on-year changes reflect a consistent decrease, with significant declines noted since 2023, a year where this market was stronger.
Future trends to watch for include increasing demand for sustainable materials, as environmental concerns become a priority. The emergence of new technologies to enhance the durability and appeal of natural fibres might mitigate the downward trend. Monitoring government policies related to environmental sustainability and plastic use bans will be crucial, as they could spur growth in this market segment.
