Plastics is one of the most massive manufacturing industries in the US. According to Bonnie Limbach, chief communications officer with The Society of the Plastics Industry (SPI), “The industry accounts for more than $330 billion dollars in annual shipments with another $89.5 billion generated by upstream, supplying industries, bringing the total annual shipments to nearly $421 billion. Nationally, the plastics industry employed more than 1.5 million workers in 2000. Another 843,300 persons were employed by upstream suppliers of the plastics industry, bringing the employment impact to nearly 2.4 million – about 2 percent of the U.S. workforce.” It does not seem that economic downturn or global recession will severely diminish consumer and OEM demand for plastics in all shapes, sizes and formats. [Read more…]