Plastics Wholesaling in the US
As crude oil and natural gas are the primary raw materials used in plastic production, large price declines for these two inputs over the five years to 2019 forced operators in the Plastics Wholesaling industry to reduce their selling prices, placing downward pressure on revenue. However, the precipitous drop in the price of plastic has been somewhat offset by increases in domestic economic activity in recent years. Over the five years to 2024, the industry is projected to experience increasing demand from downstream plastic product manufacturers and construction industries, and the price of plastic materials and resin is expected to marginally increase. However, rising levels of environmental consciousness have resulted in a shift of consumer attitudes towards the use of plastic products, shifting to more ecofriendly substitutes, which has the potential to contribute to declining levels of downstream demand.
This industry wholesales plastic materials and resins, as well as unsupported plastic films, sheeting, rods, tubes and other basic forms and shapes. The industry predominantly sells these products to industrial manufacturers. Manufacturers use plastic products to manufacture durable goods.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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