Prepared exclusively for the Flexible Packaging Association (FPA) by IHS Markit, the report is based mainly on key aspects of the polyolefin industry such as olefin feedstocks; PE and PP markets; pricing trends; and related energy and economic issues. Polyethylene resin and polypropylene resin is the focus of the report, and covers High Density Polyethylene (HDPE); Low Density Polyethylene (LDPE); Linear Low Density Polyethylene (LLDPE); and Polypropylene (PP).
From 2017 to 2020, the world economy is likely to see strong back-to-back growth rates. However, the risks related to the growth have also risen dramatically in recent months. The biggest concern is that the imposition of steel and aluminum tariffs by the United States may be the beginning of a more extended trade war, which could derail global recovery. If further U.S. tariffs, and any retaliation are limited (the most likely scenario), then the impact on global growth will be minimal.