Manufacturers of plastic packaging have been faced with a price surge in styrene across the board since the fourth quarter of 2016. There has been a particularly dramatic increase in the price of polystyrene, which achieved an all-time high in February. Prices of EPS have also increased dramatically. At the same time, it has become very apparent that the currently moderate price levels of crude oil are hardly having an effect on the current situation.
The German manufacturers of plastic packaging generally welcome the support of the Ellen MacArthur initiative by 40 well-known companies, including the consumer goods and plastics industry, at the World Economic Forum in Davos. The initiative is campaigning for a global circular economy for plastics to significantly reduce waste on land and in the sea.
After a successful year in 2016, the manufacturers of plastic packaging are expecting positive economic growth to continue this year.
IK and ELIPSO, the trade organisations representing the plastic & flexible packaging industry in Germany and France, who launched the 3rd PackTheFuture Sustainable Plastic Packaging Award, are pleased to announce: The World Packaging Organisation (WPO) recognises PackTheFuture Award as an eligible qualifying awards programme to enter the WorldStar Awards.
Following the success of the first two competitions, ELIPSO and IK, the trade organisations representing the plastic & flexible packaging industry in France and Germany, announce the launch of the 3rd PackTheFuture Sustainable Plastic Packaging Award.
The high number of force majeure notifications in Germany and Europe during the last year has led to significant pressure on the producers of plastics packaging. Raw material shortages correlated with price increases. Within the framework of public statements on that development the German Plastics Packaging Association (IK Industrievereinigung Kunststoffverpackungen) underlined the need for a good cooperation between raw material producers and processors.
The German Plastics Packaging Association (Industrievereinigung Kunststoffverpackungen) recently participated in an extensive survey on the image of plastics in Germany which has revealed pleasing results for the material airpop/EPS (also known as polystyrene).