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resin prices

Economic Trends Affecting Resin Cost and Supply

resin pricesOver the last year, polyethylene resins used in plastic products have been much more costly and difficult to come by.  This resin is used in a multitude of pieces, ranging from small products like plastic straws to large materials like tubing and plastic sheeting. Although the shortage and price inflation has its roots in the pandemic, it is not the only reason for this struggle. 

Causes for Resin Shortages and Price Increases

As demand for plastic products has increased, production has been in overdrive. However, supply chain halts and uncharacteristic winter storms that occurred in areas like Texas have caused the resin supply to dwindle. 

Polyethylene is the most popular plastic in the world. Currently, Texas is responsible for 85% of the U.S.’s polyethylene production. The most recent winter storm followed by the raging hurricane season knocked out production for weeks. With the combination of these historical storms and the already overwhelmed ports, resin prices have increased across the board by as much as 50% this year. 

Despite the efforts of manufacturers to maintain low costs, the market demand and product shortages for plastic sheeting products are driving inflation, and we expect prices to continue skyrocketing.  More than 60% of manufactures are reporting a resin shortage, and experts predict this problem could persist for three more years. And with limited materials available, many manufactures have had to scramble for alternative supplies in the interim.

Solution for Plastic Sheeting Needs

Although supply chain strains, increased consumer demand, weather, and difficulties from the pandemic are still continuing to plague the industry, we are hopeful that these challenges will not be permanent. We understand how unpredictable the market has been since the start of the pandemic, and we want to provide you with the best plastic sheeting solutions to keep your projects going. At Americover, we are dedicated to providing you with the most competitive pricing for the highest quality products.

Trusted by Growers, Builders, and Distributors

Americover is the smart source for plastic and polyethylene sheeting. Trusted by contractors and distributors across construction and agriculture industries, our American-made products combine reliability with quality and innovation.

As an Americover customer, you will receive the personalized support of a dedicated account manager to simplify the ordering process and ensure the best solution for every one of your projects. Our friendly, knowledgeable staff is here to answer your questions and fulfill orders Monday-Friday from 6 a.m. to 6:30 p.m. Pacific Standard Time. If you would like to speak with a representative, call us at 760-388-6294 or contact us.