Washington D.C.— The Plastics Industry Association (PLASTICS) has released the inaugural Plastics Demand Estimate Report. The report estimates the plastic demand estimate for May 2024 in the U.S. The monthly estimate for plastics products demand, serves as a valuable indicator for plastics processors and the entire plastics industry supply chain. The report will now be released monthly by PLASTICS, which is the only trade association providing this type of report and analysis.
“The Plastics Demand Estimate is a great new set of data that provides helpful market intelligence to our members and the industry at large. This is the only plastics demand estimate available monthly and I’m proud of our Chief Economist Perc Pineda’s work on putting this together,” said Matt Seaholm, President and CEO of PLASTICS.
“While demand will continue to vary monthly, the year-over-year change in plastics demand at current prices and real demand, adjusted for inflation, has been more aligned in recent periods compared to 2021 and 2022,” said Perc Pineda, PhD, PLASTICS’ Chief Economist.
The Plastics Demand Estimate Report is available to PLASTICS’ members and non-members here.
The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $548 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the seventh largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE2024: The Plastics Show.
