Industry Analysis & Industry Trends
Over the past five years, consumers of have increased their consumption of plastic. This trend has caused plastic products to increasingly substitute materials such as wood, paper, metals and glass in many applications. The next five years are also expected to be prosperous for the industry thanks to continuing growing demand for industry products. However, global economic uncertainties, including the European debt crisis and concerns about a slowdown in rapidly developing Asian economies, will present challenges over the period... 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 2.9% from 2009 to 2019, slower than the expected world GDP growth of 5.9% 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