U.S. Plastic Bag Market. Analysis And Forecast to 2025

U.S.: Plastic Bag Market Overview 2019

Plastic Bag Market Size in the USA

The revenue of the plastic bag market in the U.S. amounted to $X in 2017, picking up by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2013 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017, with an increase of X% y-o-y. In that year, the plastic bag market attained their peak level, and is likely to continue its growth in the immediate term.

Plastic Bag Production in the USA

In value terms, plastic bag production stood at $X in 2017. The total output value increased an average annual rate of +X% over the period from 2013 to 2017; however, the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2016, when the output figure increased by X% year-to-year. Over the period under review, the plastic bag production attained its peak figure level in 2017, and is likely to see steady growth in the immediate term.

Plastic Bag Exports

Exports from the USA

In 2017, plastic bag exports from the U.S. amounted to X tonnes, picking up by X% against the previous year. The total export volume increased an average annual rate of +X% from 2013 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017, with an increase of X% year-to-year. In that year, the plastic bag exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, plastic bag exports stood at $X in 2017. In general, plastic bag exports continue to indicate a relatively flat trend pattern. In that year, the plastic bag exports attained their peak level of $X. From 2016 to 2017, growth of the plastic bag exports failed to regain its momentum.

Exports by Country

Viet Nam (X tonnes) was the main destination of plastic bag exports from the U.S., accounting for X% share of total exports. Moreover, plastic bag exports to Viet Nam exceeded the volume sent to the second major destination, Japan (X tonnes), threefold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.

From 2013 to 2017, the average annual growth rate of volume to Viet Nam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and South Korea (+X% per year).

In value terms, largest markets for plastic bag exported from the U.S. were Japan ($X), South Korea ($X) and Costa Rica ($X), with a combined X% share of total exports. These countries were followed by China, Viet Nam, the Dominican Republic, Australia, the Netherlands, Guatemala, Bahamas, Trinidad and Tobago and Myanmar, which together accounted for a further X%.

Viet Nam (+X% per year) experienced the highest growth rate of exports, in terms of the main countries of destination over the last four year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic bag export price stood at $X per kg in 2017, coming down by -X% against the previous year. In general, plastic bag export price continues to indicate a deep reduction. The growth pace was the most rapid in 2015, when it surged by X% year-to-year. In that year, the average export prices for plastic bag reached their peak level of $X per kg. From 2016 to 2017, growth of the average export prices for plastic bag stood at a somewhat lower level.

Export prices varied noticeably by the country of origin; the country with the highest export price was Costa Rica ($X per kg), while average price for exports to Myanmar ($X per tonne) was amongst the lowest.

From 2013 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to South Korea (+X% per year), the export prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into the USA

In 2017, imports of plastic bag into the U.S. stood at X tonnes, picking up by X% against the previous year. The total import volume increased an average annual rate of +X% from 2013 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations over the period under review. The growth pace was the most rapid in 2015, when imports increased by X% y-o-y. Over the period under review, the plastic bag imports reached its maximum volume in 2017, and are likely to continue its growth in the near future.

In value terms, plastic bag imports amounted to $X in 2017. The total import value increased an average annual rate of +X% from 2013 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the plastic bag imports reached its maximum level in 2017, and are likely to continue its growth in the near future.

Imports by Country

In 2017, China (X tonnes) constituted the largest plastic bag supplier to the U.S., accounting for X% share of total imports. Moreover, plastic bag imports from China exceeded the figures recorded by the second largest supplier, Thailand (X tonnes), fivefold. The third position in this ranking was occupied by Malaysia (X tonnes), with a X% share.

From 2013 to 2017, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Malaysia (+X% per year).

In value terms, China ($X) constituted the largest supplier of plastic bag to the U.S., making up X% of total plastic bag imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2013 to 2017, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average plastic bag import price stood at $X per kg in 2017, remaining stable against the previous year. Overall, plastic bag import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014, when the average import price increased by X% against the previous year. In that year, the average import prices for plastic bag attained their peak level of $X per kg. From 2015 to 2017, growth of the average import prices for plastic bag failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was South Korea ($X per kg), while price for Malaysia ($X per kg) was amongst the lowest.

From 2013 to 2017, the most notable rate of growth in terms of import prices was attained by Viet Nam (+X% per year), the import prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform