Cotton Bag Industry Statistics (Updated 2024)

Cotton Bag Industry Statistics (Updated 2024)

Alongside the growing popularity of paper bags, the world of cotton bags continues to evolve. Below, we’ve gathered some of the most significant trends shaping the cotton bag industry today:

Exploring the History of Cotton:

  • Between April 2020 and November 2021, global raw cotton prices surged nearly twofold. (Knitting Industry)
  • According to Data Bridge Market Research, the tote bag market is projected to reach a valuation of USD 3.60 billion by 2030. (Global News Wire)

Glimpses into the Future of Jute Bags:

  • The global jute bags market size was valued at USD 2,604.24 million in 2024, indicating its continued relevance as an eco-friendly alternative.

Insights into the Canvas Bag Industry:

  • The global canvas bag market is anticipated to expand from $970 million in 2021 to $1,337.76 million by 2029, according to DataBridge Market Research.
  • In 2023, the canvas bag market is expected to be worth approximately US$ 1,051.17 million, with projections suggesting it could reach US$ 1,740 million by 2033, representing a compound annual growth rate (CAGR) of 5.1%. The historical period from 2018 to 2022 saw a CAGR of 3.9%.

Trends Shaping the Tote Bag Industry:

  • By 2027, the tote bag market is predicted to grow at a CAGR of 6.95%, adding USD 8,932.98 million to its market size. (Technavio)
  • Data Bridge Market Research forecasts that the tote bag market will reach USD 3.60 billion by 2030, up from USD 2.51 billion in 2022, with a CAGR of 4.60% during the forecast period of 2023 to 2030.

Key Data on Cotton Imports:

  • In the UK, cotton imports rose to 19.06 GBP million in October, up from 14.95 GBP million in September 2023. (Trading Economics)
  • Cotton yarn markets showed signs of recovery after three consecutive years of decline, signaling positive momentum. (IndexBox)

We hope this article provides valuable insights into the evolving landscape of the cotton bag industry. If you have any questions or need further information about cotton bags, feel free to reach out to one of our team members. They’d be happy to assist you!

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