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Bottles & Closures
May 2024 News 

Lower in North, Latin America and Europe but up modestly in Asia

PE resin fundamentals remain unchanged.  There is a structural oversupply of ethylene globally in this will continue to weigh on the PE resin market this year.  A challenging Atlantic hurricane season is forecasted for this year and that could impact most resins in Q3 or Q4 

Down by 15% in North America and down by 2% in Latin America
Lower by less than 1% in Europe
Up marginally in China but flat in Southeast Asia

Unhanged in North America on relatively benign input costs
Down by 2% in Europe
Flat in Asia

Higher by 4% in North America

Up marginally in North America but higher by 6% in Europe

The 2024 Packaging Material Cost Forecast Update was completed in late January. This 340 page report has become an important part of purchasing and budgeting for more than half the top 25 Food and Consumer Products companies worldwide.

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