Washington D.C.— The Plastics Industry Association (PLASTICS) released the Committee on Equipment Statistics’ (CES) report for the second quarter of 2024, authored by Chief Economist, Dr. Perc Pineda.
Dr. Pineda writes, “The second consecutive quarter of decline in shipments is not due to a pullback in plastics demand. In fact, based on monthly Plastics Demand Estimate, there has been growth in demand recently. There is no indication that the baseline demand for plastic products has deteriorated.”
Click here to read the report.
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.
