The Plastics Industry Association's 2017 Size and Impact report shows that in the US plastic industry employment increased from 954,000 to 965,000 in 2016, an increase of 1%. The report also found that the US plastic industry shipments in 2016 were 4044 billion US dollars, down 3% over 2015, mainly due to lower raw material costs, oil and gas prices slump.
The report pointed out that despite the decline in shipments, but the US plastics industry is still maintained a strong growth momentum, and in a good position for sustained growth.
Other highlights of the report are as follows:
Employment in the plastics industry increased by 1.4% since 2012;
The plastics industry is in a period of strong growth, with an annual real appreciation of 1.6% from 2012 to 2016;
With 77,000 workers in the plastics industry in California, the state has the largest number of workers in the industry, with Texas occupying the top spot for the past two years but sliding to third place in 2016.
Indiana is still the state with the highest average employment in the plastics industry, with 16.5 out of every 1,000 non-farming jobs in the plastics industry.
In the plastics industry supplier statistics, the estimated total shipments were valued at 552.4 billion US dollars, employment expanded to 1.76 million.
William R. Carteaux, PLASTICS 'president and chief executive officer, said:' According to the report, the economic outlook for the plastics industry shows that NPE will be a bumper harvest year in 2018. In addition, due to the newly approved tax code, investment in fixed assets It can be paid immediately and in full by the company, so NPE2018 will reach a new level of business activity.
The Plastics Industry Association (formerly SPI) is the only organization in the United States that promotes the growth of the entire plastics supply chain with nearly 1 million workers in the $ 418 billion industry in the United States, which will run from May 7 to May 2018 Held in Orlando, Florida, North America's largest plastic trade exhibition -NPE Plastics Show.