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Bottles & Closures
September 2024 News 

HDPE
Flat in North America, marginally higher in Latin America and Europe but lower by about 2% 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 

PP
Higher by 5% in North America and Latin America, flat to up marginally in Europe, and down by about 2% in Asia.

PET
Flat in Europe 
Unhanged in North America on relatively benign input costs and import competition
Down by 2% in Asia on oversupply and 1% in Southeast Asia
rPET
Flat in North America and Europe

Polystyrene
Higher by 3% in Europe but stable in other regions

Polylactic Acid
Prices are sharply higher in all regions

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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