Washington, D.C. — The Plastics Industry Association (PLASTICS) Chief Economist, Dr. Perc Pineda, today released a new economic analysis highlighting the growing role of the services sector in plastics demand, showing services accounted for 23.4% of total plastics consumption in 2024 and underscoring the increasing influence of household spending patterns on end-market growth.
Dr. Pineda writes, “Plastics demand is increasingly tied to services-led consumption rather than purely goods-producing sectors. With services dominating household spending—and key segments like healthcare and food services showing steady growth—plastics producers and processors are more exposed than ever to the trajectory of consumer services demand.”
Click here to read the full analysis on the PLASTICS blog.
About the Plastics Industry Association
The Plastics Industry Association (PLASTICS) supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $551 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 eighth 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, NPE: The Plastics Show.
