The packaging industry has been also suffering significant increase since the start of pandemic. LLDPE is used in the manufacturing of plastic products. The strong demand due to the pandemic affects the price of this raw material, used in particularly for manufacturing of stretch film.
LLDPE
Having seen its first increase of 15% in November 2020, second increase of 7% February 2021 totals upto almost 25% in last six months.
LDPE
LDPE has seen its price increase by 23% since June 2020. During the crisis, demand for certain products of plastic packaging like a disposables also boosted the price.
PP
Used in manufacturing packaging products such as Poly Propylene strapping. PP has seen it’s price jump 44% since January 2020. In February 2020, it faced again 15% increase.
Pulp & Paper
This raw material found particularly in the production of card board sheet, carton boxes, edge protectors etc. Demand increased in recent years, for replacement of plastic is major reason of double the rate of paper and pulp on 2020.
Increase in e-commerce packaging also contributes a major reason for price increase in raw material.
BOPP:
Adhesive tapes faced total increase of 65% in the last six months.
Conclusion
Since the trend to increase in price, our experts will re-double their efforts to find new ways to minimise their impact on your operations.
You Could
Rethink about your packaging material and explore alternative solutions with us.
Opt for blanket orders since big volumes can compensate certain price increases.
Let us know how we can help “YOU”
