Bottles & Closures
November 2024 News
HDPE
Down by 3% to 4% in North America, 3% lower in Latin America. 5% in Europe, and lower by 1.8% 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 has not had a major impact at this point.
PP
Down by 7% to 8% in North America and Europe. Down by 11% in Latin America. Down by 5% in Asia.
PET
Lower by 4% in North America. Lower by 1.8% in Europe. Down by 2% in Asia
Polystyrene
Polystyrene was flat in North America but down by 9% to 13% in Asia and Europe.
The 2025 Packaging Material Cost Forecast was completed in late June. 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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