Plastic Bag Market Overview in the USA
In value terms, plastic bag production reached $ in . Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by % y-o-y. Over the period under review, production attained the peak level at $ in 2018; however, from 2019 to , production failed to regain the momentum.
The size of the plastic bag market in the U.S. amounted to $ in , picking up by % 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 ; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 when the market value increased by % year-to-year. Plastic bag consumption peaked in and is expected to retain growth in the immediate term.