The market size value per capita for sacks and bags of jute or other textile bast fibers in India started at $0.34 in 2013, peaking at $0.38 in 2015, but has since experienced a steady decline, reaching $0.24 by 2023. Year-on-year analysis reveals a decrease of 4% from 2022 to 2023, and the compound annual growth rate (CAGR) over the last five years shows an average decline of 3.5% per year.
Future trends to watch for include potential market recovery driven by increasing environmental awareness and the growing adoption of sustainable materials. These could positively influence jute-based products demand, possibly stabilizing or reversing the declining trend.
