Before we get too far into 2022, let's check in with leading materials distributor M. Holland Co., where its market experts have offered predictions for the year.
"We expect another healthy year for the plastics industry in 2022, with moderating but robust economic growth, along with improvement in resin availability and continuing materials inflation," Corporate Development Executive Vice President Dwight Morgan said on the website of Northbrook, Ill.-based M. Holland.
"Supply chain congestion will ease, but manufacturers should expect spot disruptions and elevated costs at least through the first half of the year, he added. "We expect improved resin availability to boost exports, but high transportation costs will impact resin imports, particularly from Asia."
M. Holland is one of North America's largest resin distributors, selling more than $1 billion in materials to more than 4,000 customers annually. Company execs offered the following expectations for 2022 in specific end markets: