Industry Analysis & Industry Trends
The Plastic Packing Goods Manufacturing industry recorded stable revenue growth prior to the recession, as the use of plastic packaging increased for food, beverages and household products. Extensive product innovation across key downstream markets, growth in private-label products, rising demand for convenient on-the-go food and beverages, and a positive retail environment all boosted demand for both rigid and flexible plastic packaging products.
However, industry conditions deteriorated as the recession took hold. Consumers cut back on non-essential purchases such as bottled water and soft drinks. Sales fell sharply, while rising input prices ate into already tight profit margins... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Plastic Packing Goods Manufacturing industry is in the decline stage of its life cycle. The industry's contribution to the economy (industry valued added) is expected to underperform GDP over the 10 years through 2016-17.
Manufacturers are realising that to stay competitive they must consolidate operations. Per unit production prices decrease as the size of manufacturing operations and infrastructure increase. With an increasingly variable cost of plastic resin, players have been forced to scramble for market share to ensure they can maintain profitability regardless of external factors. IBISWorld estimates the number of enterprises will decline 2.5% per annum over the 10 years through 2016-17... purchase to read more