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Covid-19 is affecting the European plastics industry in various ways
.
Plastics InformationEurope conducted a quick survey of business performance to gain insight into business trends in the European plastics industry during the coronavirus pandemic
.
Nearly 60% of the company's sales decreased by 20% compared with April 2019
Nearly 60% of the company's sales decreased by 20% compared with April 2019Among plastics companies with declining sales compared to April 2019, small-scale businesses have been hit harder, with almost 60% reporting a drop in sales of at least 20%, and about 45% of medium- and large-sized companies Sales are also falling
.
Looking ahead, while this summer's order intake reflects the general state of the European economy, they do not appear to be giving more hope across sectors and regions
.
Before the coronavirus crisis, the top three concerns for producers were selling prices, volumes and material costs
.
Single-use plastic items become a necessity
Single-use plastic items become a necessitySingle-use plastics, such as medical masks and some food packaging, have become essential necessities and are valued for their ability to prevent the spread of the coronavirus
.
