The decline in the price of plastic has U.S. manufacturing industry analysts and economists suggesting that we are going to experience a “Manufacturing Renaissance”. Because of a boom in the production of natural gas, which many plastic products are made from (Ethylene, derived from ethane, a material found in natural gas) the cost of producing plastics in the U.S. has fallen and will continue to fall dramatically.
Cheap labor was the reason for outsourcing U.S. plastic manufacturing to Asia and other parts of the world. But what has played a greater role in bringing plastic manufacturing back to the U.S. are shipping and energy costs. For much less money U.S. plastics manufacturing companies can produce more and better products. It pays big to make plastic products in the U.S. again.
The U.S. is more than capable of generating as many as 3 million new jobs in the U.S. within the next seven years from the rise in volume of plastics manufacturing production. In the nation plastics manufacturing methodologies are very well researched and proven to be profitable on any scale.
If domestically produced plastic products costs prove to be competitive with imported goods, then the plastics industry can create jobs in the U.S.
Plastics manufacturing operations start up very fast in areas where transportation and a framework already exist to support the needs of the plastics industry. This is a new age for plastics manufacturing in the U.S!
Want more on U.S. Manufacturing? Read $162.06 BILLION TAKEN FOR GRANTED and 10 AMAZING FACTS YOU NEED TO KNOW ABOUT U.S. PLASTIC MANUFACTURING.