Industry Analysis & Industry Trends
From food producers to car manufacturers, the Global Plastic Product and Packaging Manufacturing industry supplies plastic products to a wide range of sectors, keeping demand steady. Over the past five years, consumers have increased their consumption of plastic, which has been used as a substitute for materials such as wood, paper, metals and glass. As downstream industries, such as construction and auto manufacturing, continue their recovery, the industry is expected to fare well over the next five years. The versatility of plastic when compared with equivalent products is one of the major advantages plastic manufacturers have over their competition. Furthermore, industry operators will invest in research and development to create low-cost, environmentally friendly plastic products... read more
The industry produces a wide variety of plastic products, which are mainly used by downstream manufacturers, wholesalers and construction companies.
Plastic containers and packaging products
Plastic containers and packaging products account for a share of industry revenue. This product segment has become more significant over the past five years due to strong manufacturing activity in emerging economies and growing demand for packaging with changes in household formation and population demographics. Single person households are on the rise, necessitating smaller food portions and greater packaging as other consumables are packaged to target this growing market... read more