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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