Plastic Film, Sheet & Bag Manufacturing in the US - Industry Market Research Report

Plastic Film, Sheet & Bag Manufacturing in the US - Industry Market Research Report

Plastic Film, Sheet & Bag Manufacturing in the US

Revenue for plastic film, sheet and bag manufacturers has grown through the end of 2023, a direct result of increased consumer spending. Industrial production in the United States has also promoted revenue growth. However, the economic effects of COVID-19 resulted in decreased consumer spending and industrial production, which led to a 1.8% decrease in revenue in 2020. Overall, industry revenue has risen a CAGR of 1.0% to $51.9 billion through the end of 2023, including a 0.8% decrease in 2023. While revenue has increased, industry profit has declined as a result of high plastic materials and resin prices, a main input for manufacturers.

This industry converts plastic resins into various films, sheets and bags. Industry products are used by manufacturers for packing and storing products, by retailers for transporting merchandise and by consumers for household purposes. Industry operators also form, coat or laminate plastic film and sheets into single-wall or multiwall plastic bags.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.