Industry Analysis & Industry Trends
The Plastic Packing Goods Manufacturing industry produces a range of packaging used by numerous industries to market and transport various products. Prior to the start of the past five-year period, industry revenue surged upwards on the back of resurgent demand following the economic downturn. However, the industry has failed to sustain this in the face of rising raw material costs and shortages of key polymer inputs, which has put pressure on profit margins.
Early in the current five-year period, plastic packing goods manufacturers stepped up the fight for market share and beat off competition from rival packaging alternatives like glass, metal and paper. Innovation and continued technological development helped the industry return to growth... purchase to read more
Industry Report - Industry Analysis Chapter
Plastic packaging, ranging from plastic carrier bags to rigid plastic tubs and containers, is an integral part of global retail. It is used to package a range of products, including personal- and household-care products, pharmaceuticals, food and beverages, construction materials and agricultural goods. Demand for plastic packing is influenced by trends in these downstream markets. Higher retail sales typically translate into greater demand for the plastic packaging that is used to contain products. Plastic packing manufacturers face competition from alternative packing materials like glass, metal, paper and cardboard.
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