The Plastics Industry Association (PLASTICS) has released the inaugural Plastics Demand Estimate Report. The report estimates the plastic demand estimate for May 2024 in the U.S. The monthly estimate for plastics products demand, serves as a valuable indicator for plastics processors and the entire plastics industry supply chain. The report will now be released monthly by PLASTICS.
鈥淭he Plastics Demand Estimate is a great new set of data that provides helpful market intelligence to our members and the industry at large. This is the only plastics demand estimate available monthly and I鈥檓 proud of our Chief Economist Perc Pineda鈥檚 work on putting this together,鈥� said Matt Seaholm, President and CEO of PLASTICS.
鈥淲hile demand will continue to vary monthly, the year-over-year change in plastics demand at current prices and real demand, adjusted for inflation, has been more aligned in recent periods compared to 2021 and 2022,鈥� said Perc Pineda, PhD, PLASTICS鈥� Chief Economist.