Project Report For Jute products manufacturing
Project report for Jute products manufacturing is as follows.
From low-cost geotextiles to high-end carpet, clothes, composites, ornamental, upholstered furnishings, and fancy non-woven for novel materials, jute is today recognised as an environmentally sustainable natural fibre for a wide range of uses. Jute is aptly named “the fabric of the future” due to its unrivalled adaptability. Several jute mills and mini-jute plants are predicted to become significantly involved in the production of jute and jute blended yarns, particularly finer accounts, through various yarn manufacturing pathways in the next decades. Jute is used for a variety of things, but the most frequent ones include sacking, hessian, and carpet backing. These lightweight yarns are utilised in high-end textiles like upholstery, furniture, clothes, and handbags. Jute has been cultivated in India for ages and is primarily a crop farmed in the eastern part of the country. The primary jute-growing states are West Bengal, Assam, Bihar, Orissa, Tripura, and Uttar Pradesh. Synthetic fibres, which offer some advantages over jute, have recently become a challenge to the industry. As a result, it’s critical to assess the viability of jute and the jute market, as well as develop a long-term expansion strategy.
India’s annual jute production is currently 1.6 million tonnes, with 1.2 million tonnes of suspected sacking and hessian bags used to package food grains, pulses, sugar, tomatoes, onions, and other products in the local market. Jute bags are anticipated to be used at least six times in India, which is an important guideline to remember when talking about jute packaging for local markets. Furthermore, a jute bag is never discarded after 6 or more applications of wrapping materials. India is the world’s largest producer of jute.
Market potential & Strategy
In 2020, India’s jute industry was worth USD 1.3 billion. The market is expected to reach USD 3.3 billion during the forecast period of 2021-2026, with a CAGR of 9.4%. Because it is a green, organic, biodegradable, and environmentally friendly material, jute, the golden fibre, fits all of the criteria for safe packaging. In India, the most prevalent jute kinds are Tossa (Corchorus ) and white jute. Even though the jute plant is best known for its flexible fibre, every portion of the plant has a purpose. The fragile leaves can be cooked and eaten as a vegetable. The soil is enriched by the plant’s fallen leaves; around 1 MT of dry matter is returned to the soil. Per acre of land, around 3 MT of roots remain. The stick that remains after the jute fibre is removed is utilised as a home fuel as well as a low-cost construction material.
In FY2019, nearly 1 million metric tonnes of jute products were processed. With around 70 mills across the world, jute is the second most valuable vegetable fibre after cotton and is frequently referred to as golden fibre. The Indian jute bag market is expected to grow rapidly throughout the forecast period. The demand for Indian jute bags is being driven by the government of India’s favourable policies and initiatives for supporting the usage of jute and jute items. The jute industry, for example, should be included in the National Common Minimum Program.
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