India - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bag Price in India - 2023
Contents:
- Plastic Bag Price in India (FOB) - 2023
- Plastic Bag Price in India (CIF) - 2023
- Plastic Bag Exports in India
- Plastic Bag Imports in India
Plastic Bag Price in India (FOB) - 2023
The average plastic bag export price stood at $1,966 per ton in September 2023, therefore, remained relatively stable against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 3.3% month-to-month. Over the period under review, the average export prices reached the maximum at $2,194 per ton in November 2022; however, from December 2022 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($2,509 per ton), while the average price for exports to Togo ($1,353 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.5%), while the prices for the other major destinations experienced a decline.
Plastic Bag Price in India (CIF) - 2023
The average plastic bag import price stood at $6,332 per ton in September 2023, approximately equating the previous month. In general, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in May 2023 an increase of 88% month-to-month. The import price peaked at $12,489 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($21,387 per ton), while the price for Belgium ($2,103 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Bag Exports in India
In 2022, the amount of plastic sacks and bags exported from India reduced to 299K tons, with a decrease of -5.7% on 2021. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 22%. As a result, the exports attained the peak of 317K tons, and then declined in the following year.
In value terms, plastic bag exports fell slightly to $672M in 2022. The total export value increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. As a result, the exports attained the peak of $704M, and then shrank slightly in the following year.
| Export of Plastic Bag in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 154 | 143 | 207 | 210 | 10.9% |
| United Kingdom | 41.9 | 39.4 | 51.2 | 42.0 | 0.1% |
| Netherlands | 29.5 | 26.4 | 38.2 | 31.2 | 1.9% |
| United Arab Emirates | 3.4 | 6.6 | 11.1 | 21.7 | 85.5% |
| Germany | 18.4 | 14.5 | 23.4 | 19.6 | 2.1% |
| Djibouti | 17.2 | 4.5 | 7.8 | 19.1 | 3.6% |
| Spain | 16.9 | 15.7 | 25.7 | 17.1 | 0.4% |
| France | 15.5 | 11.4 | 23.0 | 15.0 | -1.1% |
| Ghana | 4.6 | 5.6 | 7.6 | 12.9 | 41.0% |
| Italy | 13.3 | 8.6 | 14.1 | 11.3 | -5.3% |
| Chile | 8.6 | 9.7 | 14.1 | 11.3 | 9.5% |
| Tanzania | 4.1 | 3.7 | 8.9 | 11.2 | 39.8% |
| Poland | 8.9 | 7.0 | 10.3 | 9.7 | 2.9% |
| Others | 210 | 204 | 262 | 241 | 4.7% |
| Total | 546 | 501 | 704 | 672 | 7.2% |
Top Export Markets for Plastic Bag from India in 2022:
- United States (91.1K tons)
- United Kingdom (18.5K tons)
- Netherlands (11.4K tons)
- United Arab Emirates (10.1K tons)
- Djibouti (9.0K tons)
- Germany (8.4K tons)
- Spain (8.1K tons)
- Tanzania (6.4K tons)
- Ghana (6.3K tons)
- France (6.3K tons)
- Poland (5.5K tons)
- Italy (5.3K tons)
- Chile (5.3K tons)
Plastic Bag Imports in India
In 2022, approx. 6.5K tons of plastic sacks and bags were imported into India; reducing by -15.2% on 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports attained the peak of 7.7K tons, and then contracted dramatically in the following year.
In value terms, plastic bag imports dropped to $55M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 52%. As a result, imports reached the peak of $64M, and then declined in the following year.
| Import of Plastic Bag in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.4 | 11.0 | 12.2 | 13.9 | 10.2% |
| United States | 7.6 | 7.6 | 13.4 | 8.9 | 5.4% |
| Singapore | 1.8 | 0.8 | 0.4 | 4.2 | 32.6% |
| Vietnam | 2.5 | 1.0 | 4.2 | 4.1 | 17.9% |
| Italy | 2.4 | 2.1 | 2.5 | 3.6 | 14.5% |
| Germany | 2.4 | 1.8 | 2.5 | 2.5 | 1.4% |
| South Korea | 2.3 | 2.4 | 1.6 | 2.2 | -1.5% |
| Malaysia | 0.4 | 0.4 | 1.3 | 1.9 | 68.1% |
| Hong Kong SAR | 3.3 | 2.1 | 2.4 | 1.8 | -18.3% |
| Netherlands | 0.5 | 0.3 | 0.7 | 1.5 | 44.2% |
| Sri Lanka | 1.4 | 0.9 | 1.2 | 0.9 | -13.7% |
| Bangladesh | 0.2 | 0.4 | 0.9 | 0.5 | 35.7% |
| United Arab Emirates | 0.1 | 0.2 | 0.4 | 0.2 | 26.0% |
| Others | 9.5 | 11.0 | 20.3 | 9.1 | -1.4% |
| Total | 44.6 | 42.0 | 64.0 | 55.3 | 7.4% |
Top Suppliers of Plastic Bag to India in 2022:
- China (2594.5 tons)
- United States (900.2 tons)
- Italy (415.4 tons)
- Germany (308.6 tons)
- Vietnam (249.1 tons)
- Bangladesh (233.6 tons)
- Malaysia (205.6 tons)
- South Korea (186.5 tons)
- Sri Lanka (178.2 tons)
- Netherlands (134.9 tons)
- Hong Kong SAR (134.8 tons)
- United Arab Emirates (125.9 tons)
- Singapore (123.1 tons)
This report provides an in-depth analysis of the plastic bag market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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