Industry Analysis & Industry Trends
Over the past five years, the world has seen a shift in preferences. Both consumers of plastic products and producers of plastic have increased their consumption. This has seen plastic products substituting materials such as wood, paper, metals and glass in many applications. Plastic is often more price competitive, while offering uncompromised performance. As a recyclable material it also has environmental benefits, such as waste reduction and energy savings. This trend has boded well for global plastic product manufacturers with revenue growing at an annualized rate of 1.3% over the five years ending 2011, reaching a total value of $742.5 billion... read more
Industry Analysis
From food to car manufacturers, this industry supplies plastic products to a wide range of sectors. This industry manufactures plastic containers for food, beverage, household chemicals and personal care manufacturers. It also manufactures plastic components for motor vehicles, buildings (such as plumbing fixtures and pipes), furniture and household appliances. Consequently, demand for plastic is affected by demand for these downstream products. Demand for plastic increased in the early years of the five year period to 2011, before falling during the global recession. Industry revenue fell in 2009 as construction activity and motor vehicle manufacturing activity contracted in markets such as Europe and the United States. This flowed on to lower demand for plastic products... read more