The jute industry in Bangladesh, once known as the backbone of the nation’s economy and celebrated as the “golden fiber,” experienced its peak in the mid-twentieth century. It contributed significantly to employment, export earnings, and overall industrial growth due to the high global demand for biodegradable jute products. However, a combination of factors led to its decline. The emergence of cheaper synthetic substitutes, volatile jute pricing, and lack of technological modernization reduced its competitiveness on the international market. Furthermore, inadequate policy support, mismanagement, and the gradual shift of labor and capital to other sectors weakened the industry’s foundation. Though it still plays a part in Bangladesh’s economy, the jute sector has never fully recovered from these setbacks, underscoring the importance of innovation and strong governance for any revitalization.
