Industry Analysis & Industry Trends
Plummeting demand from the automotive and construction industries hit plastic product manufacturers hard, but industry revenue is on the way to recovery. Downstream markets are set to rebound in the coming years and will boost their consumption of plastic products. Despite a rosier outlook, obstacles remain in the form of growing import competition from low-cost countries like China. To step up their competitiveness, domestic operators will increase their focus on product innovation and acquisitions... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Plastic Products Miscellaneous Manufacturing industry consists of a large number of small, regional companies. As a result, the concentration is low, with the four biggest players accounting for an estimated market share of 7.0% in 2013. The wide variety of products manufactured in this industry and the diverse buying markets make it difficult for individual companies to grab a large portion of the market share. The fragmented nature of the industry is particularly evident by examining the largest players, all of which sell different miscellaneous plastic products.
Over time, the industry's concentration has been increasing, albeit slowly. In 2007, Saudi Basic Industries Corporation acquired General Electric's plastic division, and Rexam acquired O-I Plastics... purchase to read more