2024 RAW MATERIAL INSIGHTS
PET, LDPE, and PPH
Resin and similar raw material/commodity prices have stabilized over the past 12-18 months and have returned or are close to pre-COVID levels. This stabilization is driven by the conclusion of the inventory destocking phenomena and a more secure inflationary environment, which have improved confidence in forecasting/performance execution and driven demand from both consumers and manufacturers.
$0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 $2.00
Polyethylene Terephthalate (PET) Low Density Polyethylene (LDPE) Polypropylene Homopolymer (PPH)
Paper Products
Metal & Glass Products
$175 $200 $225 $250 $275 $300 $325 $350 $375
$125 $140 $155 $170 $185 $200 $215
Paper Packaging and Industrial Converting Paper Corrugated Paperboard
Glass Containers (including value of packaging) Aluminum Cans Flexible Packaging Aluminum Foil
Investors continue to buy into North America, the world’s second-largest paper market (after China), as demand for paper and corrugated products is only expected to increase in the near- and medium-term. While the percentage of recycled paper/corrugated products grew slightly in 2024, the Smurfit Kappa/Westrock merger has consolidated the virgin and recycled containerboard space, keeping prices relatively stable, yet elevated. Metal & Glass product costs remained relatively consistent throughout 2024. These prices are still elevated compared to historical periods, driven by aluminum can growth (stealing market share from plastic bottles in the food & beverage sectors), and tariffs on aluminum artificially keeping input costs high.
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Source(s): The Plastics Exchange, Plastics News, St. Louis FRED
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