| Product Code: ETC5051755 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde continues to rely on jute bag imports, with top suppliers in 2024 including Portugal, China, Spain, Vietnam, and Brazil. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the compound annual growth rate (CAGR) from 2020 to 2024 reflects steady growth at 4.61%. However, a significant decline in the growth rate from 2023 to 2024 at -56.13% raises questions about future trends in the Cape Verde jute bag import market.

The Jute Bag market in Cabo Verde is projected to grow at a growing growth rate of 5.64% by 2027, highlighting the country's increasing focus on advanced technologies within the Africa region, where Egypt holds the dominant position, followed closely by South Africa, Ethiopia, Algeria and Nigeria, shaping overall regional demand.

The jute bag market in Cape Verde is experiencing growth due to the increasing demand for eco-friendly and sustainable packaging solutions. Jute bags are popular for their biodegradability, durability, and versatility, making them a preferred choice for packaging and retail use. The shift towards reducing plastic waste and promoting environmental sustainability is driving the adoption of jute bags. Additionally, the rise in eco-conscious consumer behavior and government initiatives to curb plastic use are supporting market expansion. Companies are investing in innovative designs and production techniques to cater to diverse market needs.
The jute bag market in Cape Verde is influenced by the growing awareness of environmental issues and the shift towards sustainable packaging solutions. Jute bags are favored for their biodegradability and durability, making them a popular choice for eco-conscious consumers and businesses aiming to reduce their environmental footprint.
The jute bag market in Cape Verde faces obstacles related to limited local production capabilities and a reliance on imported jute materials. The lack of infrastructure for processing and manufacturing jute bags locally contributes to high production costs. Additionally, competition from synthetic alternatives and fluctuating global jute prices impact the market`s stability.
The jute bag market in Cape Verde is shaped by environmental policies aimed at reducing plastic waste. The government promotes the use of sustainable materials, such as jute, through incentives and regulations that encourage eco-friendly packaging solutions. This policy framework supports the growth of the jute bag industry and aligns with global sustainability goals.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Jute Bag Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Jute Bag Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Jute Bag Market - Industry Life Cycle |
3.4 Cape Verde Jute Bag Market - Porter's Five Forces |
3.5 Cape Verde Jute Bag Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Cape Verde Jute Bag Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.7 Cape Verde Jute Bag Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Cape Verde Jute Bag Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Jute Bag Market Trends |
6 Cape Verde Jute Bag Market Segmentations |
6.1 Cape Verde Jute Bag Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Jute Bag Market Revenues & Volume, By Jute Sack Bags, 2021-2031F |
6.1.3 Cape Verde Jute Bag Market Revenues & Volume, By Jute Shopping Bags, 2021-2031F |
6.2 Cape Verde Jute Bag Market, By Price |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Jute Bag Market Revenues & Volume, By Premium, 2021-2031F |
6.2.3 Cape Verde Jute Bag Market Revenues & Volume, By Mass, 2021-2031F |
6.3 Cape Verde Jute Bag Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Jute Bag Market Revenues & Volume, By Retail, 2021-2031F |
6.3.3 Cape Verde Jute Bag Market Revenues & Volume, By Institutional, 2021-2031F |
7 Cape Verde Jute Bag Market Import-Export Trade Statistics |
7.1 Cape Verde Jute Bag Market Export to Major Countries |
7.2 Cape Verde Jute Bag Market Imports from Major Countries |
8 Cape Verde Jute Bag Market Key Performance Indicators |
9 Cape Verde Jute Bag Market - Opportunity Assessment |
9.1 Cape Verde Jute Bag Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Cape Verde Jute Bag Market Opportunity Assessment, By Price, 2021 & 2031F |
9.3 Cape Verde Jute Bag Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Cape Verde Jute Bag Market - Competitive Landscape |
10.1 Cape Verde Jute Bag Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Jute Bag Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |