Northern America: Plastic Bag Market 2024

Plastic Bag Market Size in Northern America

The North American plastic bag market fell slightly to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plastic Bag Production in Northern America

In value terms, plastic bag production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Plastic Bag Exports

Exports in Northern America

In 2022, exports of plastic sacks and bags in Northern America rose to X tons, increasing by 2.6% on 2021. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 12% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, plastic bag exports stood at $X in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) and Canada (X tons) represented roughly 99.9% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +1.9%).

In value terms, the largest plastic bag supplying countries in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +4.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, rising by 4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2021 an increase of 22%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%).

Plastic Bag Imports

Imports in Northern America

For the third consecutive year, Northern America recorded growth in overseas purchases of plastic sacks and bags, which increased by 1.9% to X tons in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.1% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by 22% against the previous year. The volume of import peaked in 2022 and is likely to see steady 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 +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons) represented the largest importer of plastic sacks and bags, making up 85% of total imports. It was distantly followed by Canada (X tons), generating a 15% share of total imports.

The United States was also the fastest-growing in terms of the plastic sacks and bags imports, with a CAGR of +5.0% from 2012 to 2022. At the same time, Canada (+3.1%) displayed positive paces of growth. While the share of the United States (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-2.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported plastic sacks and bags in Northern America, comprising 83% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +4.7%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, growing by 6.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 9.8%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.2%).

Source: IndexBox Platform

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