Global Plastic Bag Market 2024

Plastic Bag Market Size

The global plastic bag market was finally on the rise to reach $X in 2022, after three years of decline. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Plastic Bag Production

In value terms, plastic bag production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 12%. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Bag Exports

Exports

For the sixth consecutive year, the global market recorded growth in overseas shipments of plastic sacks and bags, which increased by 0.6% to X tons in 2022. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, plastic bag exports rose to $X in 2022. The total export value increased at an average annual rate of +4.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X tons) represented the key exporter of plastic sacks and bags, mixing up 26% of total exports. It was distantly followed by Vietnam (X tons), Germany (X tons), Thailand (X tons) and India (X tons), together achieving a 25% share of total exports. The following exporters - Poland (X tons), Turkey (X tons), Malaysia (X tons), the United States (X tons), Italy (X tons), Canada (X tons), the Netherlands (X tons) and Indonesia (X tons) - together made up 24% of total exports.

Exports from China increased at an average annual rate of +1.4% from 2012 to 2022. At the same time, Vietnam (+11.7%), Turkey (+10.6%), Poland (+8.0%), India (+5.8%), the Netherlands (+3.6%), Thailand (+2.0%), Canada (+1.9%), Italy (+1.6%) and Germany (+1.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.7% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Indonesia (-1.5%) and Malaysia (-4.4%) illustrated a downward trend over the same period. Vietnam (+5.8 p.p.), Turkey (+2 p.p.) and Poland (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while China and Malaysia saw its share reduced by -3.3% and -3.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic bag supplier worldwide, comprising 28% of global exports. The second position in the ranking was held by the United States ($X), with a 6.4% share of global exports. It was followed by Germany, with a 6.4% share.

In China, plastic bag exports expanded at an average annual rate of +6.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+4.8% per year) and Germany (+1.4% per year).

Export Prices by Country

The average plastic bag export price stood at $X per ton in 2022, picking up by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the other global leaders experienced more modest paces of growth.

Plastic Bag Imports

Imports

For the third year in a row, the global market recorded growth in supplies from abroad of plastic sacks and bags, which increased by 2.6% to X tons in 2022. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 6.4% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, plastic bag imports stood at $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons), distantly followed by Japan (X tons), Germany (X tons), the UK (X tons) and the Netherlands (X tons) were the largest importers of plastic sacks and bags, together generating 45% of total imports. The following importers - France (X tons), Australia (X tons), Mexico (X tons), Canada (X tons), Belgium (X tons), Spain (X tons) and Poland (X tons) - together made up 20% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +7.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported plastic sacks and bags worldwide, comprising 19% of global imports. The second position in the ranking was held by Japan ($X), with a 6.8% share of global imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +4.7%. In the other countries, the average annual rates were as follows: Japan (+0.2% per year) and Germany (+2.8% per year).

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, increasing by 3.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 9.6% against the previous year. Global import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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