In a recently published report by IndexBox, the sacks and bags market in Northern America, which includes the United States and Canada, shows notable trends and forecasts for the coming years. The market, valued at approximately $1.5 billion in 2024, reveals a significant consumption gap filled by imports, predominantly from the U.S., as local production struggles to meet demand. With a modest growth outlook, the market is anticipated to reach a volume of 472,000 tons worth $1.7 billion by 2035.

Key Market Insights

• The Northern American sacks and bags market is poised for modest growth, projected to reach 472,000 tons and $1.7 billion by 2035.
• The U.S. dominates consumption, accounting for 88% of the total market volume.
• With local production at 219,000 tons, the market heavily relies on imports totaling 267,000 tons.
• Canada exhibits higher per capita consumption rates compared to the U.S.
• A stark contrast exists between the higher value of U.S. exports and the typically lower prices of imports.

Market Forecast for Sacks and Bags Market

Anticipated to see gradual growth, the market for sacks and bags in Northern America is projected to expand at a compound annual growth rate (CAGR) of 0.3% in terms of volume between 2024 and 2035. This would result in a total volume increase to 472,000 tons by the end of the forecast period. In value terms, the market is expected to grow at a slightly faster rate of 1.0%, reflecting a market value of $1.7 billion.

Consumption Trends Sacks and Bags Market

Overview of Consumption Patterns

In 2024, Northern America’s consumption of sacks and bags reached 459,000 tons, marking an increase of 2.6% compared to the previous year. Over the past decade from 2013 to 2024, consumption showed steady growth, averaging a 1.5% annual increase. The peak consumption volume recorded was in 2024, with a leveling-off in revenue reaching $1.5 billion for the same year.

• The U.S. accounted for an overwhelming 88% of total consumption, totaling 405,000 tons, while Canada consumed 54,000 tons.
• In value terms, the U.S. market led at $1.2 billion, significantly overshadowing Canada’s $327 million.

Per Capita Consumption

A closer look at per capita figures reveals Canada leading with a consumption rate of 1.4 kg per person, contrasted by the U.S. rate of 1.2 kg per person for 2024. Despite the larger population, the U.S.’s lower per capita consumption signifies different consumer behaviors.

Production Insights

Production Trends

In 2024, production within Northern America declined to 219,000 tons, a decrease of 8.2% from the previous year. Despite fluctuations, production trends have generally remained stable over the years. The peak production volume of 239,000 tons was achieved in 2016, followed by uneven performance from 2017 to 2024.

• In value terms, production reached $4.5 billion in 2024, reflecting a notable increase of 3.6% annually from 2013 to 2024.

Country-Specific Production Data

The U.S. remains the largest producer, generating 187,000 tons, accounting for 86% of the total production, while Canada produced 31,000 tons, six times less than the U.S. output.

Import Dynamics

Import Volumes and Trends

In 2024, Northern America saw imports of sacks and bags reach 267,000 tons, marking a significant increase of 12% compared to 2023. Over the last eleven years, imports have generally grown at a CAGR of 3.3%. However, they were down 4.1% relative to peak levels in 2022.

• The total import of Sacks and Bags Market value stood at $802 million in 2024, demonstrating a modest annual growth rate of 1.7% from 2013 onwards.

Import Sources

The U.S. dominated imports, bringing in 237,000 tons—89% of total imports—while Canada imported Sacks and Bags Market 30,000 tons. U.S. imports are noted for their growth pace, achieving a CAGR of 3.4% from 2013 to 2024.

Export Trends

Export Overview

The exports of sacks and bags from Northern America decreased Sacks and Bags Market to 27,000 tons in 2024, down 7.2% from previous years. This decline follows two consecutive years of growth, although exports overall have seen a substantial rise over the past few years.

• Valued at $203 million in 2024, exports also reflected a decrease, following a peak of $236 million in 2022.

Export Performance by Country

The majority of exports originated from the U.S. at 19,000 tons—71% of total exports Sacks and Bags Market—followed by Canada at 7,900 tons (29%).

• From 2013 to 2024, U.S. exports grew steadily at a rate of 1.8%, while Canadian exports notably surged at a remarkable CAGR of 31.0%.

Price Dynamics

Import Prices

The average import price Sacks and Bags Market in Northern America for 2024 was $3,004 per ton, a slight decrease of 3.2% from the previous year. The import prices have generally experienced a downward trend since 2015.

• Canada recorded higher average import prices at $3,536 per ton, whereas the U.S. average stood at $2,936 per ton.

Export Prices

For exports, the price in Northern America was set at $7,614 per ton in 2024, maintaining relative stability compared to previous years. The United States held the highest export prices at $9,318 per ton.

This analysis reflects the dynamic state of the sacks and bags market in Northern America, highlighting the U.S.’s significant role in both consumption and production, and the continuing reliance on imports to fulfill demand.