US Plastics Industry Slowdown Has Hit Bottom, Says Pineda
By the time 2023 comes to a close, real plastics shipments probably will have decreased by 3% compared with 2022 and employment will have fallen by 2.2%, according to Perc Pineda, PhD, chief economist at the Plastics Industry Association (PLASTICS). To put those negative numbers in perspective, however, it’s worth noting that the value of shipments — shorthand for sales, according to Pineda — increased 2.6% in 2022 and 1.8% in…