Analysis: Expect Growth in Plastics Industry
A comprehensive analysis of the current and likely future state of the North American plastics industry by Plastics Custom Research Services takes a look at how businesses fared during a period book-ended by the mini-recession of 2001 and the Great Recession of 2008-2009.
With the US, Canadian and Mexican economies in recovery mode, the three are registering growth rates lower than the historical record would have predicted. Uncertainty abounds as to whether the regional economy will regain its former growth dynamic or whether a “new normal” obtains.
Through research, Peter J. Mooney, founder and president of PCRS, projects the value of regional plastics processing businesses to grow in both real (volume) and nominal (sales) terms by 2014. Most of this growth will be driven by the sustained recovery in regional demand for structural or durable manufactured goods.
The State of the North American Plastics Processing Business: Review and Outlook Report is available to MAPP Members at a discounted rate. For more information, contact Dr. Peter J. Mooney at PlasRes@aol.com or by phone at 336.998.8004.