$51.7bn
$X.Xbn
93,952
882
$X.Xbn
The plastic film, sheet and bag manufacturing industry has done exceptionally well in recent years despite significant challenges. Moderate import penetration from USMCA participants and China satisfies a growing percentage of domestic demand. Also, environmental concerns have turned public opinion against plastic products. Still, the industry is so entrenched in the packaging subsector that this has done little to hinder growth. Overall, industry-wide revenue has expanded at a CAGR of 1.5% through the end of 2024 to reach $51.7 billion, including an expected 0.9% hike in 2024 alone. Profit has shrunk to 3.2% of revenue in 2024, down from 3.8% in 2019, as manufacturers grappled with the pandemic and its aftermath.
The industry shrunk in 2020 alongside the broader economy because of the COVID-19 pandemic as bulk purchasers like restaurants and factories shut down and slowed production. Still, prolific online spending cushioned the blow as demand was sustained by online retailers like Amazon. The industry has grown yearly, with 2021 being exceptionally gainful as the economy reopened. Still, the industry has continued its long-term consolidation trend, with enterprises and establishments shrinking despite revenue and employment growth. In 2019, Amcor acquired competitor Bemis as part of a merger, upsetting the balance of power in the industry.
These trends are likely to continue in the years to come. Environmental concerns surrounding plastics will continue to plague the industry, prompting innovation from the industry’s most prominent manufacturers. Advancements in bioplastics and reusable plastics have shown promising applications for the industry. Acquisition activity is likely to mount as Sealed Air, Amcor and Berry Global compete to expand their influence. Overall, industry-wide revenue has expanded at a CAGR of 1.5% through the end of 2024 to reach $51.7 billion, including an expected 0.9% hike in 2024 alone.
Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $51.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
New Amcor | 4,729.3 | 677.4 | 14.3 | |
Sealed Air Corporation | 1,713.2 | 277.7 | 16.2 | |
Novolex Holdings LLC | 1,208.2 | 54.4 | 4.5 |
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Industry revenue is measured across several distinct product and services lines, including Plastic bags, Plastic packaging film and sheets and Plastic film and sheets (excluding packaging). Plastic bags is the largest segment of the Plastic Film, Sheet & Bag Manufacturing in the US.
Plastic film and sheets generate the most revenue
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.
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NAICS 32611 - Plastic Film, Sheet & Bag Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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The location of critical markets is essential and typically affects where plastic film, sheet and bag manufacturers are. This enables manufacturers to lower transportation co...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Manufacturers frequently compete on pricing since it’s challenging to differentiate between most items. Pricing is based on production costs, optimizing production volumes an...
Learn about the performance of the top companies in the industry.
New Amcor dominates the market. Its overall market share has grown due to its ability to stay ahead of the curve by introducing new and advanced plastic manufacturing materia...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers employ skilled staff to run ever-more complicated machinery that uses cutting-edge production techniques. This need for qualified employees has led to higher wa...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Manufacturers must be willing to invest since larger companies can operate more efficiently. Developing faster and significantly greater equipment enables large producers to ...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Plastic Film, Sheet & Bag Manufacturing in the US industry in United States is $51.7bn in 2024.
There are 882 businesses in the Plastic Film, Sheet & Bag Manufacturing in the US industry in United States, which has declined at a CAGR of 0.7 % between 2019 and 2024.
The market size of the Plastic Film, Sheet & Bag Manufacturing in the US industry in United States has been growing at a CAGR of 1.5 % between 2019 and 2024.
Over the next five years, the Plastic Film, Sheet & Bag Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Plastic Film, Sheet & Bag Manufacturing market in United States are New Amcor, Sealed Air Corporation and Novolex Holdings LLC
Plastic film for bags and Plastic film for food storage bags are part of the Plastic Film, Sheet & Bag Manufacturing in the US industry.
The company holding the most market share in United States is New Amcor.
The level of competition is high and steady in the Plastic Film, Sheet & Bag Manufacturing in the US industry in United States.