This Thomas Index Report is sponsored by Four Star Plastics, a leading provider of wholesale and commercial grade plastic poly bags and film for all industries.
Hello again. This week we’re going to take a look at sourcing for Polyethylene Bags by users of the Thomasnet.com platform. Our data shows that over the past 12 weeks, sourcing activity for this ubiquitous commodity is up 51 percent over its historical average.
Our firmographic buyer data shows that three of the top industries driving this trend are Industrial Equipment Manufacturing, General Merchandise Retail & Distribution, and Universities.
Despite a rise in local and state governments moving to ban or tax single-use plastic bags, the poly bag industry continues to surge, with more than one trillion bags being used worldwide every year. According to the USDA, the plastic bag manufacturing and recycling industry employs over 30,000 men and women, and industry leaders are stepping up to address environmental concerns around their products.
For example, the Flexible Film Recycling Group is made up of stakeholders throughout the polyethylene value chain, and they’ve set a goal to double the recycling of plastic film to two billion pounds nationwide by 2020. They’re doing so by increasing access to and participation in plastic film recycling for consumers and for businesses, through programs such as the Wrap Recycling Action Program (WRAP).
In addition to the category of Poly Bags, sourcing activity is also up in related categories on Thomasnet.com. Sourcing for Garbage & Trash Bags is up 22 percent month-over-month, sourcing for Plastic Bags is up 35 percent month-over-month, and sourcing for Custom Plastic Bags is up 39 percent month-over-month on our platform.
Moving on from these categories, here’s a look at the top ten industrial product and service categories being sourced on the Thomasnet.com platform over the past four weeks:
- Injection Molded Plastics
- CNC Machining
- Metal Fabrication
- Corrugated Boxes
- Tube Fabrication & Bending Services
- Printed Circuit Boards
- Plastic Bottles
- Non-Destructive Testing Services
- Metal Stampings
The best way to get this weekly Thomas Index Report is to sign up for our daily Thomas Industry Update by visiting Thomasnet.com/updates.
Thanks for watching, and I’ll see look forward to seeing you next week.