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June 6, 2017

Retail Sales increase creates growth in plastics industry

According to the Census Bureau, between 2015 and 2016, retail sales growth climbed to 2.9 percent. This is great news for the plastics industry.

A large factor that contributes to this growth is the boost of online retailers. As this industry expands, it will create a greater demand for plastics shipping products. The trend seems to point to the use of more durable, customized shipping containers for products opposed to using the old bubble wrap and foam.

Another category that is way up from 2015 and projected to increase in 2017 is building materials and garden supplies. Studies have found that this industry is not under threat from online distributors. Many people research the products online, then go to the physical store to purchase. This industry has risen 6 percent to date.

With the high demand for customizable product packaging we are sure to see an increase in plastics production in many industries.

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