Industry Analysis & Industry Trends
From food producers to car manufacturers, the Global Plastic Product & Manufacturing industry supplies plastic products to a wide range of sectors. Over the past five years, consumers of have increased their consumption of plastic as plastic products have increasingly substituted materials such as wood, paper, metals and glass in many applications. Following this upward trend, the industry is is expected to continue to fare well; the versatility of plastic when compared equivilant products is one of the major advantages plastic manufacturers have over their competition... read more
Industry SWOT Analysis
The Global Plastic Product and Packaging Manufacturing industry is operating in the mature stage of the life cycle. In the 10 years to 2019, the industry is expected to grow less than the overall global economy. IBISWorld estimates that industry value added will grow at an annualized rate of 3.5% from 2009 to 2019, marginally slower than the expected world GDP growth of 3.6% over the same period.
The financial crisis saw global aggregate demand fall drastically in the early portion of the past five years. This industry was deeply affected because its consumer base is so diverse and widespread. Falling household expenditure saw demand for plastic products used in the packaging of food and beverages decline, as well as plastic used to produce furniture and household durable goods... read more