Plastics Industry Association Provides 2022 Industry Recap

The Plastics Industry Association (PLASTICS) has released “The U.S. Plastics Industry in 2022 in Seven Charts,” a recap of the plastics industry 2022 economic performance, authored by Chief Economist, Dr. Perc Pineda.

Dr. Pineda writes, “Seven charts explain how the U.S. plastics industry, throughout the supply chain, performed in 2022. The U.S. plastics industry continued to grow in 2022 against the backdrop of weaker domestic and global economic growth. Data shows that the U.S. economy’s output contracted in the first half of 2022 and followed by what appears to be a tepid output growth rate in the second half of 2022. The manufacturing sector—plastics industry included—continued to adjust to domestic and global economies that have started to downshift into a lower gear this year.”

Click here to read the full 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 $468 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 sixth 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.