Production of Jute Fabric and Gunny Bags
Capacity
|
-
|
Plant and Machinery cost
|
0.00
Lakhs
|
Working Capital
|
1.00
|
Rate of Return (ROR)
|
1.00
%
|
Break Even Point (BEP)
|
1.00
%
|
TCI
|
0.00
Lakhs
|
Cost of Project
|
0.00Lakhs
|
Description:
Jute is a natural vegetable fibre made from the outer stem and skin of the jute plant. Also known as 'the golden fibre' due to its shiny golden colour and financial worth, jute is valued for its versatility and wide range of applications.
The most common use for jute fibre is in the production of jute fabric and a number of other fabrics, including hessian, scrim and canvas. These fabrics can be found in clothing, upholstery and soft furnishings, packaging of many kinds and geotextiles (for landscape reinforcement, landfill covering etc).
Jute fabric is a type of textile fiber made from the jute plant. While there are a few different botanical varieties of jute, one of the main species used to make jute fabric is Corchorus olitorius (white jute). However, another species of jute, called Corchorus capsularis (tossa jute) is considered to be superior even though it is harder to cultivate.
Cotton takes the title of most-produced plant-based fiber, but jute is a close second. Jute is one of the primary textile fibers of India and neighboring countries. Jute plants grow to be over 10 feet high, and the fibers derived from these plants are harvested in a single long string. Therefore, jute fibers are among the longest natural textile fibers in the world.
The majority of the world’s jute is produced in India, Bangladesh, and Pakistan. Specifically, 85% of jute production is localized to the Ganges River Delta, which spans throughout Bangladesh and the Bengal region of India.
Jute fabric is used in gunny bags have long been used to transport vegetables, fruits, and other goods, and bags has also been used as an insulative material. Jute Gunny Bags using high quality raw material. Jute Gunny Bags are extensively used for carrying bulk material such as pulses, grains, etc. from one place to another.
Jute has an overall positive impact on the environment. In fact, it is one of the few natural fibers that actually provides environmental benefits instead of being detrimental. Jute production actually returns nutrients to the soil and helps retain soil moisture. Therefore, jute are symbiotic crop, and growing this agricultural product diminishes the environmental impact.
The Indian textile and apparel market was worth US$ 102.2 Billion in 2018. The market is further projected to reach US$ 225.7 Billion by 2024, growing at a CAGR of 14.2% during 2019-2024. Textile is a term widely used for referring to woven fabrics, yarns, and fibers made from jute, polyester, cotton, wool, etc. In India, the textile and apparel industry is one of the oldest industries that has witnessed numerous developments over the years. India represents the largest producer of jute and cotton and the second-largest producer of silk.
The size of the global hessian or jute or gunny bags market is estimated to be approx. US$ 1.7 Bn. India alone accounts for more than 70% of the global hessian production. Globally, there are 12 publically traded companies which are engaged in hessian or jute business. Among these 5 prominent leaders are headquartered in Indian subcontinent. The hessian fibre is extracted from the stem of jute plant. Hessian is 100% bio-degradable and recyclable. Hessian products include hessian bags (food grain bags, gunny bags, shopping bags, promotional bags etc.), hessian mats, ropes, yarn etc.
The global gunny bags or hessian packaging market are Birla Corporation Ltd, Cheviot Co. Ltd., Gloster Limited, AI Champdany Industries Ltd, Ludlow Jute & Specialities Ltd, NYP Corp., S.L.PACKAGING Pvt Ltd., Kankaria Group, India Glazes Ltd., Naylor Bag and Supply, Gyaniram Agarwal & Co and others.
Key Features
Jute fiber is 100% bio-degradable and recyclable and thus environmentally friendly.
Jute has low pesticide and fertilizer needs.
It is a natural fiber with golden and silky shine and hence called The Golden Fiber.
It is the cheapest vegetable fiber procured from the bast or skin of the plant's stem.
It is the second most important vegetable fiber after cotton, in terms of usage, global consumption, production, and availability.
It has high tensile strength, low extensibility, and ensures better breathability of fabrics. Therefore, jute is very suitable in agricultural commodity bulk packaging.
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Production of Jute Fabric and Gunny Bags
Capacity
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Jute Sacks (0.6 Kg each):100,000,000 Nos. / annum
|
Plant and Machinery cost
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1485.00
Lakhs
|
Working Capital
|
0.00
|
Rate of Return (ROR)
|
28.00
%
|
Break Even Point (BEP)
|
50.00
%
|
TCI
|
0.00
Lakhs
|
Cost of Project
|
5168.00Lakhs
|
Description:
Jute is a natural fibre obtained from the bark of the white jute plant or the tossa jute plant. It is also known as the golden fibre owing to its golden and silky shine, and is extensively used in the manufacturing of packaging products and textiles. As a packaging material, jute offers advantages such as good insulation, low thermal conductivity and moderate moisture retention. On account of this, jute bags are used as packaging material for bulk goods as well as shopping and gift bags.
Jute is a vegetable fibre. It is very cheap to produce, and its production levels are similar to that of cotton. It is a bast fibre, like hemp, and flax. Coarse fabrics made of jute are called hessian, or burlap in America. Like all natural fibres, Jute is biodegradable."Jute" is the name of the plant or fiber that is used to make burlap, Hessian or gunny cloth. It is very rough and is very difficult to cut or tear.
The global jute bag industry is currently at a nascent stage with encouraging growth aspects. The demand for jute bags has witnessed a surge over the past few years, particularly in the European Union. This can be attributed to the growing environment consciousness in the region. The imports of jute bags in non-producing countries have also been facilitated by the ban on plastic packaging materials and bags. Additionally, the benefits offered by jute bags such as their biodegradability, durability, low cost, high strength, etc. have further supported the market growth. According to the report, the market is projected to reach a value of US$ 3.1 Billion by 2024.
Few Indian major players are as under
A I Champdany Inds. Ltd.
Ashim Kar & Inds. Pvt. Ltd.
Auckland International Ltd.
Bally Jute Co. Ltd.
Caledonian Jute & Inds. Ltd.
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