Plastic Bag Market Overview in the USA
In value terms, plastic bag production shrank to $ in 2019. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of % year-to-year. Over the period under review, production reached the peak level at $ in 2018, and then contracted slightly in the following year.
The revenue of the plastic bag market in the U.S. reduced slightly to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2018, and then declined modestly in the following year.