As well as paper bags, the industry around cotton bags is always changing. Please find below some of the key industry trends when it comes to cotton bags and related products:
Insights on the history of Cotton:
- Global prices of raw cotton almost doubled between April 2020 and November 2021. (Knitting Industry).
- Data Bridge Market Research analyses that the tote bags market is expected to reach USD 3.60 billion by 2030. (Global News Wire).
Insights on the future of Jute Bags:
- The global Jute Bags market size was valued at USD 2604.24 million in 2024.
Some insights on the Canvas Bag Industry:
- The global canvas bag market size will grow from 970 in 2021 to 1,337.76 by 2029. (DataBridgeMarketResearch).
- The global canvas bags market is anticipated to witness a market value of US$ 1,051.17 million in 2023 and is expected to harness a market value of US$ 1,740 million by reflecting a CAGR of 5.1% in the forecast period 2023 to 2033. The market for Canvas bags market registered a CAGR of 3.9% in the historical period 2018 to 2022.
Tote Bags Industry Trends:
- The tote bag market size is set to grow at a CAGR of 6.95% between 2022 and 2027, with the market set to increase by USD 8,932.98 million. (Technavio).
- Data Bridge Market Research analyses that the tote bags market is expected to reach USD 3.60 billion by 2030, which is USD 2.51 billion in 2022, registering a CAGR of 4.60% during the forecast period of 2023 to 2030.
Data on Cotton Imports:
- Imports of Cotton in the United Kingdom increased to 19.06 GBP Million in October from 14.95 GBP Million in September of 2023. (Trading Economics).
- Cotton Yarn market started to increase for the first time after 3 years in decline. (IndexBox).
We hope this article has been useful for you to learn more about some of the key industry trends in regards to cotton. Do not hesitate to get in touch with a member of our team if you have any cotton bag related enquiries.
