Washington, D.C. — The Plastics Industry Association (PLASTICS) Chief Economist, Dr. Perc Pineda, has released a new economic analysis exploring the impact of the latest U.S. GDP data and the positive benefits for the plastics industry, particularly in packaging and automotive manufacturing.
“The U.S. economy’s 3.0% expansion in the second quarter is a welcome development for mature industries like plastics,” writes Dr. Pineda. “With consumer spending remaining resilient and investment in industrial equipment on the rise, the plastics sector is poised to benefit from increased demand across key markets, including packaging and automotive manufacturing.”
Click here to read the full analysis on the PLASTICS blog.
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 $519 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.
