The import of sacks and bags with a base width of 40 cm or more to the US is forecasted to steadily increase from 2024 to 2028, with values rising from 115.07 million kilograms to 127.12 million kilograms. In 2023, the import level stood lower than in the forecasted years, showing a potential upward trend driven by factors such as increasing demand and international trade conditions.
Between 2024 and 2028, the year-on-year growth rates illustrate an average annual increase. The five-year compound annual growth rate (CAGR) reflects a modest, steady growth rate in the import volume. This suggests a consistent upward trajectory likely driven by economic and consumer trends favoring larger sacks and bags.
Future trends to watch for include:
- Changes in trade policies that could impact import costs and volumes.
- Shifts in consumer preferences towards sustainable and reusable materials.
- Technological advancements in manufacturing that could influence production and import dynamics.
- Global economic conditions that could affect both supply and demand in the US market.
