Suppliers of plastic packaging are currently grappling with soaring plastic prices in the wake of raw material shortages. This is far from a local problem – all of western Europe is affected, according to EUWID respondents. Suppliers have been declaring a string of force majeure cases, while simultaneously upping their exports to non-EU countries over the low euro/dollar exchange rate. Especially small and middle sized packaging producers are confronted with massive
margin losses due to the bad availability and soaring prices.