U.S. Plastic Bag Market Reached 11,5B USD in 2015
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According to market research conducted by IndexBox, from 2008 to 2015, U.S. plastic bag market showed modest growth. It expanded from X million USD in 2008 to X million USD in 2015, rising with a CAGR of +X%.
U.S. growth in plastic bag consumption is expected to accelerate to +X% (currently +X%) in the medium term, amid the current economic recovery and a growing demand from consumer packaged goods.
U.S. plastic bag manufacturing illustrated a slight upward trend, fluctuating mildly over the last few years. Plastic bag production in the U.S. was estimated at X million USD in 2015, which was X million USD (or X%) more than the year before.
In 2014, single-web film specialty bags, pouches, and liners represented a major share of U.S. plastic bag manufacturing (X%), leaving a small portion of production to multiweb film/film combination specialty bags, pouches, and liners (X%). Multiweb film/film combination specialty bags, pouches, and liners (+X% per year) attained the fastest rates of growth in the U.S plastic bag manufacturing from 2008 to 2014, while single-web film specialty bags, pouches, and liners illustrated a downward trend, falling by -X% annually.
China and Canada were the main suppliers of plastic bags into the U.S., with a combined share of X% of total U.S. imports in 2015. The shares of both countries in the U.S. import structure remained relatively stable from 2007 to 2015.
U.S. export growth rates were higher than those of production and consumption. In addition, export share in production increased to X% in 2014 (+X percentage points from 2008), and this trend is projected to continue in the medium term. As U.S. companies improved their positions on overseas markets, domestic manufacturers enjoyed a new growth driver. In 2015, Canada (X thousand tonnes) and Mexico (X thousand tonnes) were the main destinations of U.S. plastic bag exports, together comprising X% of the U.S. exports.
Do you want to know more about the U.S. plastic bag market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- plastic bag market share
- plastic bag prices
- plastic bag industry
- plastic bag sales
- plastic bag market forecast
- plastic bag price forecast
- key plastic bag producers
Source: IndexBox AI Platform
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