Sumary of Global plastics production falls for the first time since 2008 amid COVID-19 pandemic:
- Global plastics production declined in 2020 as a result of the coronavirus pandemic, only the third time since World War II that output has fallen, an industry body said Thursday..
- Worldwide output slipped to 367 million tons last year from 368 million in 2019, a 0.3 percent decline, according to the industry federation PlasticsEurope..
- But output in China — which currently accounts for a third of global plastics production — continued to grow by 1.0 percent..
- The automobile sector, one of the biggest customers for the industry, saw its plastics consumption plunge by 18 percent in Europe in 2020, the federation calculated…