What are the challenges faced by the jute industry ? How the internal demand has been on the increase ? Which are the main markets for jute products ?
(1) The challenges faced by the jute industry are as mentioned below : Stiff competition in the international market from synthetic substitutes. Competition with other countries like Bangladesh, Brazil, Philippines, Egypt and Thailand. (2) However inspite of the challenges, there is increase in the internal demand due to factors as mentioned below : The government has made mandatory use of jute packaging. The growing global concern for environment friendly biodegradable materials has also increased the use of jute products. In 2005 National Jute Policy was formulated with the objective of increasing productivity, improving quality, ensuring good prices to the jute farmers and enhancing the yield per hectare. The growing global concern for environment friendly biodegradable materials has also helped in use of more jute products. (3) The main markets are USA, Canada, Russia, United Arab Republic, UK and Australia.
