The Plastics Industry Association of America recently released the 2017 Size & Impact Report. The report said that the plastics industry in the United States has maintained a good momentum of development. The value of industry shipments in 2018 is expected to increase by 2.2%. In 2019 Or will grow by 2.5%.
At the webinar, PATA President and CEO Bill Carteaux pointed out: 'The plastics industry is still an important part of the U.S. economy and is growing rapidly at a new historical height. "Although the United States The market is affected by some macro issues and we are still able to develop and innovate in a new and lasting manner. '
According to 2016 data, the US plastics industry employs as many as 965,000 employees, an increase of 1% from 2015. Shipments of the industry reached $ 404.4 billion in 2016, a decrease of 3% from 2015.
Per P Pineda, chief economist at PIA, believes this is due to lower raw material costs and lower prices for oil and gas, which Pineda added that he expects the actual plastic shipments in the United States The value will increase by 2.2% in 2018 and by 2.5% in 2019.
Both Kateo and Pineda agree that a change in US tax policy will have a positive impact on the plastic market, especially allowing manufacturers to invest in machinery, but since Mexico and Canada are two of the industry's largest trading partners, two experts Concerned about the possible changes in North American Free Trade Agreement (NAFTA).
From each state's perspective, California offers 77,000 plastic jobs, making it the nation's most-employed state in the plastics industry in 2014 and 2015, occupying the top spot in Texas, with 75,200 Jobs are ranked second, while Texas is back to third with 74,800 jobs.