ICIS - chemical podcasts Episode 1270: ICIS experts share key facts on US polymer markets at PackExpo '24
Nov 6, 2024
05:40
HOUSTON (ICIS)–Several ICIS market experts share insightful facts related to their respective plastics markets, amid conversations with industry professionals at PackExpo '24. Though each market comes with a host of uncertainties, the broader US plastic packaging industry continues to navigate mixed demand and various supply challenges in 2024 and beyond.
- Bottled beverage sector made up 15% of all US packaging revenue in 2023.
- US polyethylene terephthalate (PET) production to remain 3 billion lbs short of domestic demand in 2025.
- US polystyrene (PS) production has been impacted by outages since July 2024.
- US polypropylene (PP) prices have been volatile, with price movements 11 out of the last 12 months.
- US polyethylene (PE) inventories are the highest they have been since May 2023.
- US recycled PET (R-PET) market facing onslaught of imports. 2Q2024 PET scrap import volumes were above 125 million lbs.