Washington D.C.— The Plastics Industry Association (PLASTICS) has released an official analysis of the impact of back-to-school shopping on the plastics industry, authored by PLASTICS Chief Economist, Dr. Perc Pineda.
Dr. Pineda writes, “In July, the NRF released its annual Back-to-Class survey, projecting total back-to-school spending to reach $39 billion, with average household spending at $875—down 4.9% and 1.7% from last year, respectively, but still significantly higher than the four years since 2019. Back-to-college spending is also expected to hit $87 billion, with $1,365 per household. Given the heavy reliance on plastics for these items, such a spending trend could increase demand for the plastics industry, affecting new orders, production, and shipments.”
Click here to read the full analysis on the PLASTICS blog page.
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.
