• Industry News

      Why Invest in Equipment? Economic Growth, Cheap Money, and Low Taxes (For Now)

      The U.S. economy expanded by 6.4% in the first quarter this year on a seasonally adjusted annual rate, according to analysis by the U.S. Bureau of Economic Analysis released on May 27. Plastic industry growth tends to track economic growth measured by gross domestic product (GDP). However, while the industry will be in profit-maximization mode this year, it should consider investment spending on equipment.
    • Industry News

      Retail Sales Hold Clues for Plastics Demand

      Personal consumption accounts for 79% of the plastics market. This year, the National Retail Federation predicts retail sales — excluding automobile dealers, gasoline stations and restaurants — to increase by 6.5% to 8.2%. That’s an increase between $4.3 and $4.4 trillion in retail sales over 2020. That’s good news for the plastics industry.
    • Industry News

      Resin Scarcity Explains Lower Plastics Production in March

      Plastics production in March decreased 1.2% according to the latest report from the Federal Reserve’s Board of Governors. Resin shortages in recent months kept a lid on plastics production. However, compared to March 2020, plastics production increased 3.2%.
    • Industry News

      Autos and Light Trucks Sales Jumped in March – Transportation End-Market Outlook in 2021 is Bright

      Auto and light truck sales rose a solid 12.6% in March from February. It was a 56.2% jump from March last year. Of the 17.75 million units of light vehicles sold in March, 78.2% were light trucks and 21.8% were autos. The last time the U.S. saw auto and light trucks sales at this level was in May 2004 – light vehicle sales were 17.76 million units.
    • Industry News

      Resin Prices to Stabilize, Plastics Industry Outlook Positive in 2021

      Despite the complications presented by adverse weather and COVID-19, the fundamental market dynamics for plastics remains strong. The plastics industry’s outlook for 2021 is positive. As the resin demand and supply gap closes, upward price pressure should eventually dissipate.
    • Industry News

      U.S. Plastics Trade Shows Unusual Deficit in 2020

      After many years of an annual trade surplus, U.S. plastics trade experienced a deficit in 2020, as the global economy slowed due to the COVID-19 pandemic.
    • Industry News

      China’s Import Ban of Recyclable Plastic Materials Generated Trade Surplus

      In January 2018, China banned the import of recyclable plastics and other materials, which defined in the Harmonized Tariff Schedule (HTS) are broadly classified as waste, parings and scrap of plastics. In 2018, China's imports of recyclable plastics (HTS 391510, 391520, 391530, and 391590) decreased to 51,605 tons from 5.8 million tons in 2017. A year after the ban, China's imports decreased further to 924 tons—a 98.2% decline.
    • Industry News

      US-UK Free Trade Deal Will Benefit Plastics Trade

      While a free trade agreement between the US and the UK will benefit both countries, how important is the UK as a US plastics trade partner?
    • Industry News

      The U.S. Plastics Industry in 2020 in Seven Charts

      As we count down to the close of the year, the U.S. plastics industry's performance in 2020 can be summarized in seven charts. While these charts are not all-inclusive, they provide an overview of the industry's performance this year against the backdrop of the coronavirus pandemic.