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The Plastics Industry and Policy Changes Under Trump
Publish date: 2025-03-03
The world is bracing to adapt as the new administration reveals its hand. Changes in trade agreements will likely reshape supply chains. While the world is still digesting the news released by the second Trump administration and following diplomatic turmoil with Latin America, the plastics industry in North and South America is preparing to reshape its supply chain following the tariff announcements.
According to Perc Pineda, chief economist at the Plastics Industry Association, recalls that Latin America is going to grow between 2,5 and 2,7% this year. Particularly light vehicle production should keep growing. In 2024 the growth was 5,7%, and it will reach 3,8% next year.
These positive numbers show a growing industry in Latin America, which also benefits from a younger population. However, technological barriers remain a concern for the supply of plastic components, as many countries still need to catch up with the technological level required in an industry ever more challenging.
According to Perc Pineda, chief economist at the Plastics Industry Association, recalls that Latin America is going to grow between 2,5 and 2,7% this year. Particularly light vehicle production should keep growing. In 2024 the growth was 5,7%, and it will reach 3,8% next year.
These positive numbers show a growing industry in Latin America, which also benefits from a younger population. However, technological barriers remain a concern for the supply of plastic components, as many countries still need to catch up with the technological level required in an industry ever more challenging.
Source:
Plastics Engineering
